Both Sides of the Table

FEBRUARY 6, 2019

Yes, VC / Startup Funding is up Massively If you look at how much VC firms have raised from Limited Partners (LPs) over the past 2 decades you’ll see that we’ve returned to a level that we haven’t seen since 1999. If you want the whole deck you can find it on SlideShare but I’ve written up a short summary with commentary below.

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

This is going to be BIG.

SEPTEMBER 19, 2018

Who wouldn’t accept an invite to “A networking breakfast where 7 midstage startups will be able to give short demos to the CEO/COO/Head of Business Development/etc for Big Interesting Company X that has huge reach/distribution/userbase, etc.” Maybe make it sector focused and bring in a bunch of such contacts.

Startup 191

Startup Cofounder Angel Groups Limited Partner 191

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. - Yes, that was the value that we actually returned as opposed to the value of Ulta.

Southern California 210

Southern California Venture Capital Seed Stage Angel Investor 210

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

K9 Ventures

JULY 19, 2012

No distributed teams, no overseas teams, and definitely no companies that rely on “outsourcing” to build their core technology. This new $40M fund is backed by several high quality institutional limited partners including university endowments, foundations, family offices and fund of funds and key individuals.

Technology 132

Technology Seed Stage San Francisco Limited Partner 132

K9 Ventures

JULY 19, 2012

No distributed teams, no overseas teams, and definitely no companies that rely on “outsourcing” to build their core technology. This new $40M fund is backed by several high quality institutional limited partners including university endowments, foundations, family offices and fund of funds and key individuals.

Technology 132

Technology Seed Stage San Francisco Limited Partner 132

David Teten

AUGUST 18, 2017

To the extent possible, we try to use our social media presence to point back to our website, our Partners, and/or our portfolio companies’ websites. We don’t normally distribute literature at these events, but we do prepare FAQs beforehand (not for distribution) to make sure that we’re all aligned on our talking points.

Due Diligence 60

Due Diligence Marketing Reputation Social Media 60

Both Sides of the Table

FEBRUARY 6, 2017

While the M&A story has been widely reported perhaps far fewer people know that Limited Partners (LPs), the people who fund VC firms, have finally been able to restock their coffers in the past 4 years with significantly more money coming to them in distributions than capital calls to fund VC firm investments.

Venture Capital 150

Venture Capital Saudi Arabia Kuwait Burn Rate 150

Growthink Blog

MAY 23, 2011

Venture capital funds are usually 7 - 10 year partnerships whereby the general partners - the “VC” - manage the capital of the limited partners, usually institutions (endowments, pension funds, etc.). At the end of the period, all profits and proceeds are distributed to the various partners on a pre-determined split.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

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

Rob Go

JULY 17, 2014

On #2, we have been fortunate to collaborate with a wide group of exceptional entrepreneurs, coinvestors, and limited partners. Just like any other startup, the question we are focused on post series A is whether we are doing the right things to allow us to win in a competitive market with a power-law outcome distribution.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

finance.fortune.cnn.com

AUGUST 21, 2012

Now Fortune has obtained more granular data, including returns for dotcom-era funds managed by such firms as Accel Partners, Benchmark Capital, General Catalyst Partners and Lightspeed Venture Partners. Through 12/31/11, less than 66% of the fund-of-funds called capital had been returned to limited partners.

Naming 49

Naming Term Sheet Private Equity Equity 49

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups. Cobalt for General Partners helps GPs to optimize their fundraising strategy. 1) Manage the firm

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

This is going to be BIG.

JULY 8, 2013

When you''re out on the road pitching, and getting people to believe in you, you feel a deep sense of responsibility to your limited partners--and there isn''t a day when you don''t wonder why you didn''t just take some easy corporate job where no one would notice if you weren''t working productively.

Venture Capital 167

Venture Capital Early Stage Portfolio Private Equity 167

K9 Ventures

APRIL 28, 2010

No distributed teams, and no outsourced product development. I would like to take a moment to thank K9′s Limited Partners for their support of this first fund. Capital Efficient : Companies that need a Seed round, probably a Series A, but potentially may not need a Series B or Series C.

Seed Stage 61

Seed Stage San Francisco IP Portfolio 61

This is going to be BIG.

JULY 30, 2015

Distributions can actually be drawn out over an extended period of time, but for the purposes of this exercise, I just kept the fund to 11 years. Do seed investors have Limited Partners with different return expectations than Series A and beyond investors? It's what you'd expect. That's if you're not following on.

Venture Capital 60

Venture Capital Pre-Money Valuation IRR Valuation 60

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. I think there are some real virtues to that, however, when I talk to my business partner, Ishan [Sachdev], about it, I use a slightly different metaphor: I talk about Jiro [Ono], Nobu [Matsuhisa], and Benihana. On Sushi and VC.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Based on this paper, Blue Future Partners and PEVCTech recently completed a large-scale survey to find out which tools are most commonly used by venture capital firms.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Steve Blank

JULY 2, 2009

If you were a “with it” VC you needed to have a “Content&# or “Multimedia&# company in your portfolio to impress your limited partners – educational software companies, game companies, or anything that could be described as content and/or Multimedia. We understood none of this. More detail in future posts.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

David Teten

JULY 30, 2013

I serve on the Dean’s Advisory Council for IU’s School of Informatics and Computing and my partners and I are regular guest lecturers at IU’s Kelley School of Business. The Extreme Venture Partners (EVP) example of a dev shop/VC hybrid is an interesting one.

Portfolio 114

Portfolio Indiana Cofounder Operations 114

David Teten

JULY 30, 2013

I serve on the Dean’s Advisory Council for IU’s School of Informatics and Computing and my partners and I are regular guest lecturers at IU’s Kelley School of Business. The Extreme Venture Partners (EVP) example of a dev shop/VC hybrid is an interesting one.

Portfolio 114

Portfolio Indiana Cofounder Operations 114

VC Cafe

APRIL 26, 2023

Several of our limited partners are media and entertainment strategics: broadcasters, publishers, telcos etc, so content creation, distribution and monetisation has always been close to our core focus. At Remagine Ventures we started investing in the generative AI space very early back in 2019.

Generative AI 78

Generative AI Artificial Inteligence ChatGPT 78

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. LIMITED PARTNERS (LPS). They are the real capital that make the system work.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Professor VC

DECEMBER 8, 2015

I was a Limited Partner in Angel Investors II (Ron Conway's angel fund) that was an investor in Confinity. Luckily, Google was one of the 150 and did ultimately return the fund assuming the LP was smart enough to hold the stock after distribution. Both companies offered home security and automation services through partners.

Merger 28

Merger LP IPO Redemption 28

Steve Blank

OCTOBER 29, 2009

Ampex’s first customer was Bing Crosby who wanted to record his radio programs for rebroadcast (and had exclusive distribution rights.) In a typical venture fund, the partners receive a 2% management fee. This is where the partners would make their money. The limited life of each fund allowed venture firms to be flexible.

Silicon Valley 126

Silicon Valley SBIC San Francisco RSS 126