David Teten

JANUARY 19, 2021

Seed-stage compatible: Like traditional equity VC investors, Flexible VCs accomodate early-stage investment risk within their portfolios better than a traditional RBI funder. Early liquidity. Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. Short track record.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

JUNE 30, 2015

As a founder, I think it’s easier to talk to potential investors about where they invest across the lifecycle of a company (whether it’s truly early-stage/early lifecycle, for instance), versus round stages like seed, series A, etc. Almost all VCs actually invest across this spectrum.

Seed Stage 120

Seed Stage Syndicate Syndication Dilution 120

Agile VC

JULY 11, 2012

How do you deal with a severely uneven distribution of investment success between individuals or groups of partners? Here’s a slightly perverse scenario… Acme Ventures starts out as an early-stage VC investing in US-based IT companies. they generate $400M in proceeds from that $100M). What’s Your Favorite Future?

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

Austin Startup

MARCH 7, 2021

In 2019 and 2020, we saw hundreds of millions of dollars in non-dilutive funding go to Texas startups, most of which had never worked with the government before. In short, the first wave of internet companies were widely distributed and brought people online (AOL in Virginia, Microsoft in Albuquerque and Seattle, Dell in Austin, etc.)

Texas 90

Texas San Antonio Houston Dallas 90

Professor VC

JUNE 20, 2011

The business model (OEM through broadband and home security companies for mass distribution) if not specific product functionality has remained largely the same. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

Austin Startup

AUGUST 1, 2017

By driving the valuation up, you’re usually not reducing your dilution in the round; you’re just increasing the size of the check they need to write in order to get to their desired %. This is the distributed portfolio mindset; i’ve got stakes in a lot of companies, so it’s OK if most fail, as long as I get at least one unicorn.

Liquidation Preference 48

Liquidation Preference Common Stock Valuation Silicon Valley 48