Both Sides of the Table

MARCH 11, 2014

We graduate more engineers in our greater region than anywhere else in the US. We have top 25 engineering schools than anywhere else, too. We have a large number of highly talented engineers and entrepreneurs now developing companies in our local market. Buying local teams with talented engineering groups. Maker Studios.

Los Angeles 318

Los Angeles Silicon Valley LP Warrant 318

Austin Startup

AUGUST 10, 2017

Before graduating, I decided to forgo the finance path and instead dove into engineering and later sales and product management roles at VersaSuite (health IT) in Austin. They helped us establish 2 GP entities, 2 LP entities, and 1 Cayman entity (for international investors) in ~2 months. PPPS, we’re also hiring a blockchain engineer.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

David Teten

SEPTEMBER 23, 2017

My colleagues Sebastian Soler , Steven Greenberg and I recently launched a new online community, PEVCTech.com , exclusively for PE/VC investors; engineers who work at PE/VC funds; and other technologists who specialize in working on this problem. VC Firm. $ Tech % of workforce. Google Ventures (GV). 17% (13 / 80).

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Feld Thoughts

OCTOBER 24, 2017

We are proud to be an LP in Manu Kumar’s third fund. It’s a classic engineer / rational problem-solving approach that appeals to me. My partner Lindel just put a post up on the Foundry Group website about our investment in K9 Ventures. I’ve been friends with Manu since 2009 and an investor (personally) in his first two funds.

LP 91

LP Engineer Conversion Partner 91

Both Sides of the Table

MAY 19, 2013

We can continue to innovate in LA or watch our jobs and our engineers move up North. To attract LP money to local VCs. We can try to reinvent Hollywood film and TV (Hulu, Epoxy.tv, Blayze, Chill, TasteMade) or we can watch it migrate out of our city. To attract companies to locate and stay in LA.

Los Angeles 325

Los Angeles San Francisco LP Austin 325

David Teten

JANUARY 19, 2021

Marco Cesare Solinas , VC Analyst with Blue Future Partners , said, “ From the LP perspective, another disadvantage is the lack of track record given the early stage of the concept. Early-stage: Cofounder with engineering/ product background from top-tier university or major technology company. Short track record. Cash collateral.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

JANUARY 23, 2021

For example, one LP told me she prefers customized emails from fund principals, as opposed to a bulk-mailed quarterly update. Julia Rhee , Advisor to Typhon Capital Management, observes, “You need to reverse-engineer institutions’ checkboxes. Use online networks to more efficiently identify the right potential LPs.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

This is going to be BIG.

SEPTEMBER 19, 2012

Two Sigma is a technology and finance company in Soho filled with incredibly bright engineers and developers, so I’m really excited about leveraging that partnership in a number of cool ways. The funding was anchored by a major commitment from Two Sigma Ventures, the private venture investment affiliate of Two Sigma Investments.

LP 112

LP New York City New York Chad 112

Both Sides of the Table

AUGUST 10, 2013

Startups are filled with enormously talented people – often product people & engineers. It came after only a few hours of sleep in which I had a meeting in the morning with an LP who will be smiling if he reads this because he knows that I had to stand for my whole meeting with him in order to get through the meeting.

Startup 412

Startup San Francisco LP Bankruptcy 412

firstround.com

SEPTEMBER 10, 2013

Product and Engineering. How to Go From Google Engineer to First-Time CTO. Product and Engineering. How to Go From Google Engineer to First-Time CTO. Ian Langworth started his career as an O’Reilly author and software engineer at Google. First Round Capital. The Review. Plusstartup. The Review.

CTO Hire 52

CTO Hire Engineer Software Review Part-Time VPE 52

David Teten

DECEMBER 3, 2019

Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. We are also seeing technology evaluation as an increasingly important part of LP operational due diligence. Fincura specializes in serving lenders.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

MARCH 6, 2017

Every LP I speak with these days tells me, “We need to have coverage in Los Angeles — we know that” and it’s no coincidence that we’ve seen the explosion in emerging managers covering the Seed and A-round investment scene in LA.

IPO 191

IPO Los Angeles South Korea Armenia 191

Startup Lessons Learned

AUGUST 10, 2011

The LP's that fund booms are, after all, pension, municipal, and sovereign wealth funds. If you can spend money fueling your engine of growth, do it. But the signs of winter are all around us: persistently high unemployment, market shocks, ill-timed austerity measures.

LP 168

LP Incubator New York Programming 168

Professor VC

NOVEMBER 19, 2009

I attended the annual LP meeting for a venture capital firm this week and got into a discussion about the above question. Business, Engineering, Computer Science, and Design were all represented. Collaboration with engineering, computer science, life sciences, etc. ProfessorVC. The last blogger in Silicon Valley. Steve Bennet.

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

This is going to be BIG.

JANUARY 9, 2012

Well, Senator, a group of 83 prominent internet investors and engineers wrote an anti-SOPA letter to you and the rest of Congress in December. These were people like Vint Cerf, the guy who designed the way the internet works. The people you say you want to nurture are against this bill. If you support this bill, you are not supportive of us.

IP 131

IP New York LP Internet 131

Growthink Blog

AUGUST 14, 2010

The best articulation of it comes from Basil Peters, a serial technology entrepreneur, co-Founder of Nexus Engineering, former Canada Entrepreneur of the Year, and Managing Partner at 3 venture capital funds – Fundamental Technologies I and II and the BC Advantage Funds. The next big technology investment idea is the “Early Exit.”

Private Equity 67

Private Equity Intellectual Property IPO Venture Capital 67

thebarefootvc

MARCH 8, 2012

We have a mayor that tweets regularly, just joined Tumblr, and has spearheaded the formation of a new engineering campus in NYC to address the need for more technical talent to support this increased entrepreneurial activity. I helped launch NYCSeed in 2008 in response to the lack of seed funding available in NYC.

Silicon Valley 69

Silicon Valley Ghana Venture Capital India 69

David Teten

JANUARY 21, 2021

Prasanna Krishnamoorthy, Managing Partner, Upekkha Value SaaS Accelerator, said, “We are the first fund which combines an Angel List rolling fund structure for making LP access widely available, while using the variable VC model of giving founders the option to buy back their equity at a later stage, ensuring founder optionality.

Equity 78

Equity Revenue Cofounder Colorado 78

David Teten

DECEMBER 12, 2017

As a globally focused LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing proprietary solutions or adopting off the shelf tools. But what tools are they using themselves to automate their own processes?

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Both Sides of the Table

JUNE 29, 2011

The LP Community Hasn’t Yet Caught Up. As I’ve started to get to know the other side of the VC industry lately (the people who invest in VC funds or “LPs&# ) one thing has occurred to me. My best guess is that new LP funds will be set up in the future to service Micro VCs. I think some will do this.

Venture Capital 296

Venture Capital Software LP Early Stage 296

K9 Ventures

OCTOBER 10, 2017

The first time I used the words “pre-seed” (yes, the initial use was in all lower-case, but then became upper-case over time) was on June 27, 2013, at the K9 Ventures LP Meeting. Engineering Capital. Where did the term Pre-Seed come from? Here are the two relevant slides from that meeting. Seed rounds were getting bigger.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Both Sides of the Table

NOVEMBER 15, 2014

That’s our great gain as Snapchat has also raised a lot of money at a monster valuation ($10 billion reported) and has been scooping up talented Stanford engineers and relocating them to LA. I went to see several LP funds in Boston. Locally we call it “the Snapchat effect.” So what can a community do? It’s true.

Community 369

Community Silicon Valley Chicago Boston 369

Haystack

JULY 20, 2018

While I don’t have portfolio level stats for them, their new endeavor Foundry Next (to invest in smaller funds and then follow-on into key investments) has built up an LP basket of 23 positions in a variety of new VC funds.

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

Both Sides of the Table

JUNE 8, 2014

The basic components are obvious: talented founders, great engineers, angel money, venture capital, access to larger corporates (for business, funding & talent), great education / research (for IP breakthroughs) and a sufficient ecosystem of mentors, advisors, executive coaches and mavens. Welcome to the future. Money is the easy part.

Silicon Valley 390

Silicon Valley Kansas City Startup Venture Capital 390

Both Sides of the Table

JANUARY 16, 2012

And the great monetization engines of the Internet were built in LA – Overture (AdWords) & Applied Semantics (AdSense). I once had an LP tell me that when Sequoia fund raises they place the first call and say “we’re closing in 6 weeks – you need to decide quickly if you want an allocation.”

Developer 366

Developer Silicon Valley PR Las Vegas 366

Austin Startup

JUNE 26, 2019

I recruited a top-flight engineer and serial entrepreneur to build our MVP, on equity?—?and Do you want someone already making $12–17/hour watching your kid to make less (so a LP can make their returns…)? in a huge $77b market. and every other team member the same way. This all points, in my view, to the competency with this market.

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

K9 Ventures

DECEMBER 10, 2011

A few months later, after the product had launched, the CardMunch team went to an event, and happened to run into an engineer from LinkedIn. Likewise if you’re an LP, you have to make sure you have reasonable exposure to Valley investments. Again a casual conversation transpired. It’s a simple density/deal flow issue.

Silicon Valley 124

Silicon Valley San Jose Portfolio Cofounder 124

K9 Ventures

DECEMBER 10, 2011

A few months later, after the product had launched, the CardMunch team went to an event, and happened to run into an engineer from LinkedIn. Likewise if you’re an LP, you have to make sure you have reasonable exposure to Valley investments. Again a casual conversation transpired. It’s a simple density/deal flow issue.

Silicon Valley 112

Silicon Valley San Jose Portfolio Cofounder 112

Seeing Both Sides

MARCH 14, 2016

SF/SValley: Private: 23AndMe, Airbnb, Anaplan, App Annie, App Dynamics, Automattic, Beepi, BloomReach, Checkr, Cloudbees, Cloudera, Cloudflare, Coinbase, Collective Health, Coupa, Coursera, CreditKarma, DataStax, Docker, Docusign, DoorDash, DoubleDutch, Drawbridge, Dropbox, Earnest, Eventbrite, Evolent Health, FundBox, Funding Circle, Gigster, Gigya, (..)

LP 20

LP Startup DC 20

Seeing Both Sides

MARCH 14, 2016

SF/SValley: Private: 23AndMe, Airbnb, Anaplan, App Annie, App Dynamics, Automattic, Beepi, BloomReach, Checkr, Cloudbees, Cloudera, Cloudflare, Coinbase, Collective Health, Coupa, Coursera, CreditKarma, DataStax, Docker, Docusign, DoorDash, DoubleDutch, Drawbridge, Dropbox, Earnest, Eventbrite, Evolent Health, FundBox, Funding Circle, Gigster, Gigya, (..)

LP 20

LP Startup DC 20

David Teten

MARCH 18, 2021

But you must be doing real engineering of some kind. As such, there are 3 stakeholders when building a thesis: the investing Partners, the LPs and the founders. . It incorporates influences from the LP and, more and more, from the founders. (Rare exceptions to $6M with extreme traction.). No ideas or prototypes.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

Startup Lessons Learned

MAY 4, 2021

It almost had like a social engineering component to it, as much as it was an algorithmic breakthrough. I always thought of myself as sort of an engineer who likes to build new products. Due to their bylaws and LP agreements and things, they can only hold public securities, like in the traditional sense. ER : Join the club.

IPO 113

IPO Cofounder Technical Review Government 113

Hunter Walker

SEPTEMBER 2, 2022

Will these same groups every formalize for segments like engineers? I read them knowing the vast majority are biased narratives with a self-serving purpose — a politician promoting their city, a founder trying to attract exec talent, a VC test driving their new geo-concentrated LP pitch… Honestly, I get annoyed momentarily then just move on.

Chicago 79

Chicago Venture Capital Miami Employee 79

David Teten

NOVEMBER 23, 2020

I was previously a Partner at two different VC firms, neither of which had any contractual LP mandate to invest in diverse companies. My research has found that Revenue-Based VCs are disproportionately investing in women & underrepresented founders, despite not having (in most cases) any LP mandate to do so.

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60