Startup Lessons Learned

MAY 31, 2019

Scott Kupor is the managing partner at Andreessen Horowitz, where he’s responsible for all operational aspects of running the firm. I caught up with him recently to talk about venture capital from both sides of the equation, investing for the long-term, missed opportunities, and how he gets good ideas. ** Let's start with something basic.

Lean 108

Lean Venture Capital Conversion IPO 108

Both Sides of the Table

JUNE 29, 2011

Yesterday I wrote Part 1 of the series on the changes to the software industry over the past decade that has led to changes in the venture capital industry itself. Some have done earlier-stage deals and done well. Others have chased earlier-stage but lack the skills or relationships to do this effectively.

Venture Capital 296

Venture Capital Software LP Early Stage 296

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . But, most of use raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . But in business, you want a lot of partners.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

This is going to be BIG.

MAY 5, 2023

It will be the 105th deal out of Brooklyn Bridge Ventures, the firm I started back in September 2012, and it will be the last deal I’ll be making out of my third fund. It will also be my last venture capital deal. For me, I don’t mind sharing how I think about it.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

This is going to be BIG.

JUNE 15, 2020

In venture, it’s all about getting an opportunity to make partner and being included in the carry—the economic upside of a fund. As a former institutional investor, one of the stats we focused on was carry distribution. There are so many different ways to interpret the data on who gets venture and why.

Venture Capital 122

Venture Capital Institutional Investors Later Stage Limited Partner 122

VC Cafe

JANUARY 2, 2023

On a global level, venture financing of private companies dropped 33% year over year, from a record $733B in 2021 to $490B in 2022. 2022 in Israeli tech and venture. Israeli venture funding dropped 40% compared to 2021, from $28.7 billion according to the 2022 Israel high tech ecosystem report by Viola Ventures.

Valuation 158

Valuation Down Round Venture Capital 158

David Teten

JULY 25, 2017

We think coaching is a key lever for doing this, with our own team or through outside partners. Most importantly, we have regular meetings with later-stage VCs and enterprise clients both in the US and internationally to discuss our companies which fit their investment mandates. I’ve listed a few ideas below.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Both Sides of the Table

JULY 15, 2010

– I spoke about GRP’s recent exit of Ulta in which we returned $320 million to our limited partners. Can you please expand on your post about distributed teams? It was a verbal discussion on my post on distributed teams. - What advice do you have for people who want to get into venture capital?

Southern California 210

Southern California Venture Capital Seed Stage Angel Investor 210

This is going to be BIG.

FEBRUARY 21, 2021

It’s the “hook” that gets a team noticed in a partner meeting. Or that venture capital is a meritocracy? This doesn’t take into consideration, however, that venture capital is a financial product—a product that works for some people and doesn’t work for others. What are the characteristics of this product?

Venture Capital 162

Venture Capital Cofounder Deal Flow Later Stage 162

The Equity Kicker

MAY 31, 2016

Cambridge Associates is a service provider to the Limited Partners that invest in venture capital funds that’s known for the quality of its research. Their advice to LPs is to catch these distributed returns by investing in emerging managers outside of traditional US venture heartlands.

Venture Capital 60

Venture Capital Early Stage Dilution Later Stage 60

Austin Startup

MARCH 7, 2021

These are all potential customers and strategic partners for startups. 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.) More than 50 Fortune 500 companies are headquartered in Texas and six of the Fortune 50.

Texas 90

Texas San Antonio Houston Dallas 90

Both Sides of the Table

MAY 25, 2013

. “I don’t know the exact math, but I hear it again and again: the top 2% of firms generate 98% of the returns in venture capital.” As you can see from the chart their data suggests there are about $25 billion of VC distributions per year in the US. My view … it is my job to be a sparring partner.

LP 374

LP Later Stage IRR Term Sheet 374

Austin Startup

JUNE 26, 2019

Yet, we were not successful in reaching our ultimate goal of raising what we needed in our time-frame to execute further on our venture. We tried, and opted out of, potentials for pivots; we pitched for game-changing partners and acquisitions that did not ultimately convert. We boot-strapped some more. We side-hustled. We pitched.

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

A Crowded Space

AUGUST 4, 2011

I’m your host, Marcus, and today we’re talking to Josh Breinlinger, who currently works as a senior associate at Sigma Partners, a venture capital firm in Menlo Park. Shortly after that, I was approached by Sigma Partners to join the team and help them find other great startups. . Josh: Thanks for having me.

Technical Review 60

Technical Review Venture Capital San Francisco Boston 60

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. About this same point in time, the journalists that focus specifically on the venture capital industry noted something quite profound.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Professor VC

DECEMBER 8, 2015

Often times those involve trading within a venture capital portfolio or between two venture firms portfolios. But what about the case where both companies are well capitalized and doing well? I was a Limited Partner in Angel Investors II (Ron Conway's angel fund) that was an investor in Confinity.

Merger 28

Merger LP IPO Redemption 28

techcrunch.com

OCTOBER 23, 2010

The timing is perfect, there is more than a little overlap with Vivek Wadhwa’s guest post on venture capital earlier today. One of the things I do as a founder of a later stage startup is to meet with early stage entrepreneurs to help them get their companies going. No phone system. No legal muck.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84