Feld Thoughts

MARCH 24, 2017

We also know many of the entrepreneurs in their portfolio. This means FC avoids trends and relentlessly questions entrepreneurs about how their product enables specific use cases and market opportunities. As an LP, I’ve had the good fortune to be an investor in many funds, including some exceptional ones.

Founder 75

Founder LP Technical Review Seed Stage 75

Both Sides of the Table

OCTOBER 12, 2014

It’s why I often advise angel investors to be careful about assuming that being an angel investor is a profitable exercise unless you have the ability to have a wide-enough portfolio to have a few companies doing extraordinarily well plus deep enough pockets to follow your winners. Why prorata rights are being guarded by VCs.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

YoungUpstarts

OCTOBER 23, 2017

by Joe Duncan, founder of Duncan Capital LP. PC and mobile interfaces dynamically display portfolio valuations and exposures, along with system-generated investment recommendations tailored to a specific client’s financial goals and risk appetite. At least for investment banks the answer is not so clear cut. In 2014 Granger, a Ph.D.

Technical Review 154

Technical Review Artificial Inteligence Software Review IPO 154

David Teten

MARCH 14, 2018

First Round Capital’s forum for portfolio executives is a powerful example of a scaleable resource. – Build out low-cost force multipliers such as scouts , Advisors, Entrepreneurs in Residence, Venture Partners, and so on. – Provide hands-on operational support for portfolio companies.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Agile VC

OCTOBER 23, 2012

The VC industry (both the GP part and the LP part) pays attention to the sector’s returns, but the broader tech ecosystem only occasionally tunes in. 2) No Synthetic Alternative – If an LP can’t “buy” VC as an index, could they replicate the returns of an index some other way?

LP 176

LP Accredited Investor Carried Interest Portfolio 176

Version One Ventures

JANUARY 31, 2024

Since then, I’ve received 200+ inbound leads (and counting). Have backed close to 20 emerging GP's over the past 5 yrs & looking to add 3-4 more to the portfolio this year. The first is the fund that you would ideally raise if LP capital was not a constraining factor. Things are much different now.

LP 73

LP Differentiation Deal Flow India 73

The Equity Kicker

MARCH 19, 2012

The LP Update Meeting. I’m just back from our semi-annual update to the LPs in one of our funds, and I thought I would share the experience with you all. These meetings are the equivalent of board meetings for our portfolio companies. Portfolio update. Then we talk through the key portfolio companies in some detail.

LP 97

LP Europe Portfolio Private Equity 97

Babbling VC

OCTOBER 3, 2011

For those of you not in the know, they are one of the largest limited partners ( LP's : investors in venture capital funds) in Europe and are basically in almost all the funds throughout the market. Further, a lot of former entrepreneurs are launching their own funds, such as Atomico or very recently Heiko Hubertz in Germany.

LP 82

LP Europe Germany Venture Capital 82

Both Sides of the Table

JULY 23, 2014

At the other end of the spectrum large funds have gotten even larger in the past few years which has massively increased the amount of consolidation in our industry as 66% of LP money into venture is now concentrated in late-stage or full-cycle VCs. Why is this?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

FEBRUARY 18, 2017

Yves didn’t want to step down — he is still as active as any partner on our team — but he wanted me to take responsibility for: Strategy, recruiting, team development, LP relations, financial planning, etc. He did what every LP did, looked at returns, talked to portfolio companies, talked with our competitors and so forth.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

Hunter Walker

APRIL 27, 2014

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. We’ve continued to refine our process so we make best use of entrepreneur’s time and move as fast – or faster – than the market in getting a term sheet to the teams we want to back.

LP 97

LP Cofounder Term Sheet Valuation 97

Version One Ventures

JULY 31, 2018

Since 2012, we have made over 40 investments and have been busy building our fund, expanding and deepening our network, and most gratifyingly, working with our portfolio companies in their pursuit to transform their industries and the world. Executing projects of your own direction that help Version One and/or our portfolio companies.

Hiring 166

Hiring San Francisco Advisory Board Due Diligence 166

David Teten

SEPTEMBER 23, 2017

I’ve primarily seen quantitative analytic techniques used in origination , filtering , and in portfolio company recruiting , but technology can be used throughout the nine steps of the private company investing process: The 9 Steps of the Private Company Investing Process. 8) Accelerate portfolio company value. 9% (1 / 12).

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Austin Startup

AUGUST 10, 2017

As entrepreneurs, Tushar and I immediately knew that when product-market fit hits you in the head, you jump on it. 3) Rebalancing — we rebalance portfolios monthly. Joshua Baer is a serial entrepreneur and founder/Executive Director of Capital Factory , the largest coworking space and tech incubator in Austin. Factom, Inc.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

Version One Ventures

OCTOBER 17, 2018

and Canada, offering portfolio companies strong networks and resources on both sides of the border. We believe these emerging tech ecosystems are more relevant than ever, and want to empower entrepreneurs outside Silicon Valley with opportunities to grow successful businesses. Acknowledgements and gratitude.

Silicon Valley 127

Silicon Valley North America San Francisco LP 127

Both Sides of the Table

MARCH 11, 2014

Last week displayed the best of LA last week for a gala event of all of Upfront’s portfolio companies + the CEOs of many of LA’s top technology companies + 75 VC firms from LA, SF, NY & Boston + 25 LP Funds + the Chairman of Yahoo! And I’m proud of that, too. It is not your mom’s old LA.

Los Angeles 318

Los Angeles Silicon Valley LP Warrant 318

Both Sides of the Table

APRIL 21, 2020

Biggest Advice I Give to Portfolio Founders? But when a fund writes checks into a portfolio company it typically “reserves” money to invest in future rounds. Harry asked me whether I thought LP “defaults” (not funding the VC commitments it made) would go up. Not anywhere nearly as hard as being an entrepreneur.

Marketing 263

Marketing Valuation Churn Rate Balance Sheet 263

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. See Why Are Revenue-Based Investors Investing in Women & Diverse Entrepreneurs? Less established regulatory framework. . Lower level of community familiarity.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

The Equity Kicker

NOVEMBER 26, 2013

LPs, the investors in VC funds, have a difficult job to do, largely because they have to work with poor quality data and only a small fraction of VCs deliver the returns that make them worth investing in. Discipline also helps to keeps a venture fund’s loss ratio low which is important as they are ultimately stewards of LP investment funding.”

LP 154

LP Venture Capital Portfolio Reputation 154

Austin Startup

DECEMBER 12, 2017

Cindy Revol, Joe Beard and Anurag Jain from Perot Jain, LP We received a warm welcome from Trey Bowles when we first came to Dallas and there have been many others who have opened their arms to us since. About Capital Factory Capital Factory is the center of gravity for entrepreneurs in Austin, the number one startup city in the U.S.

Dallas 48

Dallas San Antonio Houston Texas 48

Both Sides of the Table

MAY 27, 2016

I was speaking recently to the team at NuOrder , an LA-based company we’re an investor in about “realism in startups” — an impromptu talk I have given to any of our portfolio companies who ask. 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 254

Early Stage Non-Compete LP Later Stage 254

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

Feld Thoughts

JANUARY 23, 2020

In it, he discussed his own struggles with mental health as an entrepreneur. The partners, Josh, David Samuel, and Jenny Lefcourt have announced an initiative initially focused on their portfolio founders in an effort to break down the barriers to better mental health for all in our industry.

Leadership 90

Leadership LP Programming Portfolio 90

David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. 2) Market . I never used the word qualified.’.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Version One Ventures

JUNE 3, 2013

The primary responsibility of the analyst is to help manage the day-to-day activities of the fund, including: Helping to identify new and interesting entrepreneurs and companies in the 3 focus areas of the fund (e-commerce, SaaS, marketplaces/platforms). Good Excel modeling skills.

Hiring 156

Hiring North America Los Angeles Advisory Board 156

View from Seed

DECEMBER 11, 2019

But even at the Partner-level, the amount of transition in Venture Capital is much more than you perhaps would expect… especially in a business which should have a long term orientation with portfolio investment-hold periods and Partnerships lasting more than a decade. What does this mean for entrepreneurs?

Venture Capital 204

Venture Capital Cap Table Partner LP 204

The Equity Kicker

JULY 8, 2019

Then from the mid 2000s, value add began moving beyond the partner to the firm as VCs began employing people who’s full time job was helping their portfolio. The most common strategies are to provide networking services and content to portfolio leaders so they can be more effective in their jobs. . Building platforms.

Portfolio 84

Portfolio LP Venture Capital Partner 84

Both Sides of the Table

SEPTEMBER 28, 2011

I do what I wish all entrepreneurs would do. I spend tons of time each day on portfolio company issues. I spent a late morning meeting with a product exec at one portfolio company. I spent time talking with 2 senior execs who are separately joining two of my portfolio companies. I had lunch with an LP. Operations.

Email 314

Email Product Term Sheet Portfolio 314

Agile VC

FEBRUARY 21, 2012

We recently completed the final close of NextView Ventures, LP and we’re excited about both our progress to date and our plans for the future. Our portfolio has grown to 15 companies today, the bulk of which is on the US East Coast and roughly half the companies have already progressed from the seed stage to completing Series A rounds.

LP 100

LP Seed Stage Silicon Valley Limited Partner 100

Feld Thoughts

JULY 28, 2014

On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. As a partner in one of the most visible VC firms in Colorado and an LP in many of the Colorado VC firms, I’ve never heard from Matthew or anyone from the SBIC.

SBIC 142

SBIC Venture Capital Colorado SBA 142

YoungUpstarts

NOVEMBER 18, 2018

What entrepreneur looking to hit it big isn’t searching for that next “patentable” idea? Other ways that patents can be added to your financial portfolio is through acquisitions – in plain English, buying up other people’s patents. and Alarmforce LP, SkyBell Technologies, In August Home Inc.,

Intellectual Property 157

Intellectual Property Forecast LLC Acquisition 157

Hunter Walker

MAY 18, 2015

Anne Dinneen: Nothing has contributed more to the growth of the Irvine endowment over the years than our venture portfolio. And what leads to adding or removing a fund from Irvine’s portfolio? An addition to the portfolio typically offers some differentiation or new value proposition.

LP 48

LP Portfolio Early Stage Institutional Investors 48

Both Sides of the Table

AUGUST 24, 2015

When many venture investors are seeing their personal public portfolios tank it creeps into their business lives and creates an emotion that is less risk tolerant whether they’re aware of it or not. The impact hits VCs in an immediate way that most entrepreneurs don’t realize. So, too, investments.

Stock 150

Stock Finance Marketing Valuation 150

Hunter Walker

APRIL 4, 2014

Part of our presentation will be portfolio financials, which, because we’re relatively new, aren’t exceptionally volatile (LP speak: most of our investments are still carried at original value since no additional fundraising has occurred). Succeeding with them but getting paid last. It’s not a lifestyle job.

San Francisco 100

San Francisco Private Equity LP Syndicate 100

David Teten

JULY 12, 2017

When I meet with other VCs, family offices, and other institutional investors, the most common question I get is: “What are the highest-potential companies in your portfolio which are raising now?” If I can reduce a portfolio company’s time burden, I create value for them. Fundraising is burdensome.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

Babbling VC

NOVEMBER 3, 2013

When travelling you actually think about your budget and what that cab/plane/train/Über ride costs (if you''ve become an entrepreneur!). LP''s.what''s that? You stop writing blog posts which are actually targetted at your portfolio but aren''t. . Carry.what carry? . Mondays are usually free! I could go on and on.

LP 99

LP Portfolio Business Plan Demand 99

Genuine VC

OCTOBER 18, 2011

Whether a startup’s initial Seed round is comprised of individual angels, seed-focused funds, larger VCs , or some combination of the three, when it’s time for the entrepreneur to raise a true Series A round, of course the goal is run a process to “optimize” it.

Valuation 154

Valuation LP Boston Partner 154