View from Seed

AUGUST 17, 2021

A few weeks ago, we hosted a small dinner for a number of portfolio company founders, LP’s, and friends of the firm. New funds have formed, old market leaders are gone or walking dead. But the reality is that the more interesting the market, the more likely there is to be rapid and unpredictable change.

IRR 136

IRR Dilution Founder Portfolio 136

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. The VC market has right-sized (returned back to mid 90′s levels & less competition). But markets value high growth over short-term profitability. Where are we today?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Hunter Walker

MARCH 28, 2018

.” I hear, read, see examples every day of investors espousing differentiated theses with regards to why they exist. And why a LP should give them theirs. Sometimes there’s substance behind these statements; others are rickety content marketing or breathless trend hopping. Your portfolio page.

Portfolio 102

Portfolio LP Differentiation Founder 102

Both Sides of the Table

MAY 27, 2013

In this period (less than 2 years) he has brought on incredibly talented senior execs is sales, marketing, product management, client services, finance, vp engineering and more. VCs crave the ability to help portfolio companies. You may have an opinion on your market-entry strategy for Europe. One key board member knows Marissa.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

Both Sides of the Table

JANUARY 16, 2012

I’ve raised in boom markets and when everybody thought the Internet was a fraud. But the short answer is that the best intro is from a portfolio company of that VC or by other entrepreneurs whom that VC respects. You’re meeting people who can give you market insights and information. REAL information.

Developer 366

Developer Silicon Valley PR Las Vegas 366

David Teten

JUNE 1, 2011

Deal aggregation websites Increasing in popularity, trying to increase market efficiency. Flow is a function of reputation and share of mind in target market. Signature and messaging will vary by market and audience, but must be internally consistent. Benchmark yourself to overall market activity. Intermediaries.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

The Equity Kicker

JULY 8, 2019

Then from the mid 2000s, value add began moving beyond the partner to the firm as VCs began employing people who’s full time job was helping their portfolio. The most common strategies are to provide networking services and content to portfolio leaders so they can be more effective in their jobs. . Building platforms.

Portfolio 84

Portfolio LP Venture Capital Partner 84

Hunter Walker

MAY 18, 2015

Anne Dinneen: Nothing has contributed more to the growth of the Irvine endowment over the years than our venture portfolio. These managers sit in our Privates bucket and are therefore expected to beat the public markets by at least 4.5%. And what leads to adding or removing a fund from Irvine’s portfolio?

LP 48

LP Portfolio Early Stage Institutional Investors 48

The Equity Kicker

JULY 16, 2012

Wonga springs to mind as an example of such a company at the moment, as does our portfolio company Neul , albeit at an earlier stage. The secret is to find your Niche – that is, the initial customer segmentation / product differentiation combo that enables you to beat your more established, mature competition with a much crappier product.

LP 105

LP Early Stage Valuation Differentiation 105

Genuine VC

OCTOBER 11, 2011

I hypothesized that, “Perhaps a contrarian statement in this environment: but even though there’s been a dip in fund size due to broad economic factors and LP appetite, it wouldn’t surprise me if the truly top firms raise even larger funds over the coming decade.” More brewers = more sources of capital.

Venture Capital 150

Venture Capital Seed Stage Entrepreneur LP 150

This is going to be BIG.

JULY 30, 2015

One of the first things I did when I joined the venture asset class as a lowly institutional LP analyst in 2001 was to build the VC fund cashflow model. And those exits would be roughly 10% of the portfolio--about 3 out of every 30ish deals. Just about every analyst who looks at fund investing has built one. How about price?

Venture Capital 60

Venture Capital Pre-Money Valuation IRR Valuation 60