Both Sides of the Table

JULY 23, 2014

15 years ago we were at the peak of Internet hype with the launch of many over-capitalized businesses with a market size & opportunity was limited. 50x more Internet users (2.4 ” The pioneering fund of funds realize that their source of differentiation is much more about the latter than the former. Where are we today?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

View from Seed

AUGUST 17, 2021

You’ll never have the staying power to commit when things get tough or to get really good and build real differentiation if you just keep jumping to the next new thing. I can tell a story looking backwards why our LP base was carefully constructed. You can’t just start chasing the shiny new thing every moment something new arises.

IRR 205

IRR Dilution Founder Portfolio 205

View from Seed

AUGUST 17, 2021

You’ll never have the staying power to commit when things get tough or to get really good and build real differentiation if you just keep jumping to the next new thing. I can tell a story looking backwards why our LP base was carefully constructed. You can’t just start chasing the shiny new thing every moment something new arises.

IRR 156

IRR Dilution Founder Portfolio 156

View from Seed

AUGUST 17, 2021

You’ll never have the staying power to commit when things get tough or to get really good and build real differentiation if you just keep jumping to the next new thing. I can tell a story looking backwards why our LP base was carefully constructed. You can’t just start chasing the shiny new thing every moment something new arises.

IRR 136

IRR Dilution Founder Portfolio 136

Both Sides of the Table

JANUARY 16, 2012

There is all sorts of advice on the Internet about how to raise capital. I’ve raised in boom markets and when everybody thought the Internet was a fraud. Well if the “why buy anything” is testing whether you’re even compatible with a VC, the “why buy me” has got to be extreme differentiation.

Developer 366

Developer Silicon Valley PR Las Vegas 366

The Equity Kicker

JULY 8, 2019

From around 2000, and perhaps coinciding with the need to work harder to win deals as opportunities dried up after the internet bubble burst, individual partners at VC firms began adding ‘helping CEOs win’ to their job descriptions. . The GP-LP structure used by most funds is a brake on innovation here too.

Portfolio 84

Portfolio LP Venture Capital Partner 84