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The Changing Structure of the VC Industry

Both Sides of the Table

Just 3 years ago there was talk of institutional investors “not being able to write small enough checks.” ” The pioneering fund of funds realize that their source of differentiation is much more about the latter than the former. Summary: Cheap, mobile, social, global, always-on, one-click-purchase =.

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Why So Many Small Emerging Managers Don’t Use Placement Agents

David Teten

They had 154 visits, 97 due diligence requests, 33 second visits, and 12 reference requests, to ultimately produce 9 institutional investors. In 2018, the 8,000 active private equity funds globally had a 15 to 16 percent annual performance differential between top and bottom quartile funds. million venture fund.

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On Going Public: SPACs, Direct Listings, Public Offerings, and Access to Private Markets

Ben's Blog

For public investors in Facebook to achieve returns comparable to those of Microsoft shareholders, Facebook would need to reach a market cap of $500 trillion, a number that well exceeds the total global market cap of all listed stocks. We have published some research on this topic elsewhere, which I will summarize briefly below.

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Austin’s secret sauce… it’s the WHY

Austin Startup

COVID-19 has caused global acceleration of many trends that were already happening before the pandemic and the immigration to Texas and especially Austin are no exception. Secretary of the Army Ryan McCarthy told me that was the people of Austin that differentiated us from the other cities. Why did Austin win out? Why Jim Breyer?