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

Both Sides of the Table

MARCH 12, 2017

VCs don’t expect any serious corrections to valuations in 2017 and they seem to be taking financial discipline in later-stage companies more seriously valuing unit economics over “growth at any cost.” Again, I suspect they would be more concerned today about net neutrality, cyber security, immigration and trade more broadly.

Venture Capital 277

Venture Capital Artificial Inteligence LP Valuation 277

David Teten

SEPTEMBER 23, 2017

Even for later-stage companies with predictable financials, the lack of liquidity, audited financials, and standardized metrics creates real challenges to scaling quantitative investing. Later stage investors are using private company marketplace services focused on more established companies, listed below under “Exit Investments”.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Both Sides of the Table

MAY 25, 2013

After all, I am no stranger to the publicly expressing the frustrations of dealing with the downside of this industry as I wrote about in 2006 when I was an entrepreneur. But the larger funds usually have lower returns because they are often investing bigger dollars at later stages with less risk and therefore lower returns.

LP 374

LP Later Stage IRR Term Sheet 374

Both Sides of the Table

FEBRUARY 4, 2016

” There are a lot of data points that one can observer to get a sense of the venture capital markets – both LP fundings into venture and VC financings of startups. We surveyed 73 LP firms to get their views on the market. “This is the year the tortoise may gain on the hare.” How do I know?

LP 150

LP Valuation Burn Rate Pre-Money Valuation 150

Both Sides of the Table

MAY 27, 2016

During the Q&A I was asked about how I make investment decisions in early-stage businesses. I was asked again in an LP meeting later in the week and then again at a founder breakfast gathering we hosted yesterday. Early stage. I answered in the same way I always do so I thought I’d just write it publicly.

Early Stage 254

Early Stage Non-Compete LP Later Stage 254

Both Sides of the Table

AUGUST 24, 2015

At least later stage investors. This could have an impact on later-stage valuations. The one thing that has become clear to me over the last couple of months is the skepticism that many late-stage VCs (and LPs) have had about late-stage valuations. I have to assume other investors feel the way I do.

Stock 150

Stock Finance Marketing Valuation 150

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…)? 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

Babbling VC

JULY 21, 2011

This time, triggered by an entrepreneur " throwing the Euro VC landscape under a bus." There have been responses to this from both VC's and entrepreneurs. Whether you like it or not it will happen and it's not necessarily beneficial to the entrepreneur. . What does this mean for the entrepreneur?

Europe 74

Europe LP Venture Capital Restful 74

The Startup Lawyer

JANUARY 6, 2011

We also tend to focus on repeat entrepreneurs but are not opposed to funding first time founders who have significant domain expertise. We’re not looking to be anyone’s 80% customer and we frankly pass on a lot of entrepreneurs who have unrealistic expectations about what they want out of the relationship with us (it is a marriage after all).

Early Stage 58

Early Stage LP Later Stage Balance Sheet 58

thebarefootvc

MARCH 8, 2012

While the initial fund is $120M we will have access to ru-Net’s (the Russian LP) $700M of capital to support growth of portfolio companies and opportunistically invest at later stages where we can add value beyond capital. As a venture capitalist, I am excited that RTP will address these market gaps.

Silicon Valley 69

Silicon Valley Ghana Venture Capital India 69

Professor VC

DECEMBER 8, 2015

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. What does this mean for entrepreneurs and investors? I was a Limited Partner in Angel Investors II (Ron Conway's angel fund) that was an investor in Confinity. At the IPO, Musk held a 14.2%

Merger 28

Merger LP IPO Redemption 28

abovethecrowd.com

APRIL 20, 2016

Many modern entrepreneurs have limited exposure to the notion of failure or layoffs because it has been so long since these things were common in the industry. By the first quarter of 2016, the late-stage financing market had changed materially. Entrepreneurs/Founders/CEOs. Here is the historic perspective.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Altgate

MARCH 8, 2009

I say ecosystem as opposed to industry because it is not just the VC funds themselves that are imploding, instead the collapse includes entrepreneurs and startups that were funded by VCs, angel investors, service providers like lawyers, bankers and accountants as well as limited partner investors in VC funds.

Later Stage 34

Later Stage Early Stage Venture Capital Portfolio 34

K9 Ventures

NOVEMBER 30, 2008

The LP perspective. Institutional LPs typically diversify their portfolios by investing in multiple asset classes. LPs have invested in Venture Capital because as a class venture capital is both a high-risk, but high reward asset class. The Entrepreneur perspective. For entrepreneurs the problems occur at multiple levels.

IRR 48

IRR Venture Capital LP Early Stage 48

This is going to be BIG.

SEPTEMBER 7, 2012

I know, because those people all used to pitch me as an institutional LP back in the day. Your time as an entrepreneur is probably best spent elsewhere as well--and that's the most valuable investment of all. Some of this thinking is also driven by folks who aren't well connected to the rest of the later stage venture community.

Later Stage 99

Later Stage Down Round Pre-Money Valuation Early Stage 99