Both Sides of the Table

OCTOBER 18, 2015

There is a lot of uncertainty about the state of the private, high-growth technology markets and the venture capital markets that underpin them. Technology riches yield bumper crops in venture capital with new firms and new largesses – the rewards of LPs rediscovering our asset class. Are LPs to blame?

IPO 150

IPO Venture Capital LP SEC 150

Feld Thoughts

OCTOBER 10, 2013

” For a long time, I’ve talked about “business intimacy” – it’s the relationship I try to develop with the entrepreneurs I fund and the people who I work with. The rest of our interactions are continuous and real-time, including almost all of our investment decisions. In fact, they love each other.

LP 152

LP Venture Capital Conversion Restful 152

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). In the early morning, a show of hands revealed about a 20% LP audience and 80% fund manager group.

LP 60

LP Private Equity Due Diligence Venture Capital 60

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. At a high level, I definitely agree that being an entrepreneur and being in school dont necessarily mix. And what would you consider to be core values that every entrepreneur should keep in mind?

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

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. . Tier 1 VC's have established themselves and then you have the rest.

Europe 74

Europe LP Venture Capital Restful 74

Agile VC

JULY 19, 2012

First and foremost, it’s worth emphasizing that greatness as a VC firm is derived primarily from helping exceptional entrepreneurs build enduring companies. 1) Self-Awareness & Humility - These are of course virtues that transcend venture capital or even professional pursuits broadly.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

The Equity Kicker

JULY 16, 2012

The rest of startups should size their fundraisings to allow their investors to make a decent return at an exit valuation commensurate with the opportunity size which can be credibly defended at the time of investment. This advice isn’t always terribly popular.

LP 105

LP Early Stage Valuation Differentiation 105

Feld Thoughts

MAY 8, 2012

This is an awesome situation – for us and for entrepreneurs – and something I’m extremely excited about. We summarize this as saying to entrepreneurs that if you’ve raised less than $3m so far, we are a target for you; if not, we aren’t.

Seed Stage 138

Seed Stage LP Warrant Syndicate 138

This is going to be BIG.

JANUARY 9, 2012

This is what movie studios and the rest of the SOPA supporters need to do. 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. Technology and the internet is inherently pro-consumer, because it empowers us and gives us more choices.

IP 131

IP New York LP Internet 131

K9 Ventures

DECEMBER 10, 2011

They wake up earlier than a lot of entrepreneurs do, and, I get a lot of late night emails from VCs working through their email inboxes late at night. Funding environment : No one can question that Silicon Valley has the most developed venture capital and funding environment for startups.

Silicon Valley 124

Silicon Valley San Jose Portfolio Cofounder 124

K9 Ventures

DECEMBER 10, 2011

They wake up earlier than a lot of entrepreneurs do, and, I get a lot of late night emails from VCs working through their email inboxes late at night. Funding environment : No one can question that Silicon Valley has the most developed venture capital and funding environment for startups.

Silicon Valley 112

Silicon Valley San Jose Portfolio Cofounder 112

Babbling VC

NOVEMBER 28, 2011

If you generally watch the market in the venture capital space as I do, there's one thing you'll inevitably run across again and again. Fundraising (be it as an entrepreneur or a fund). You're a VC and LP's can't make up their minds and keep telling you to come back once you can show more? It's the need for speed!

LP 71

LP Valuation Aggregator Venture Capital 71

This is going to be BIG.

SEPTEMBER 7, 2012

There are a lot of people that artificially group together performance metrics for venture, and try to extrapolate successful stratagies from it. I know, because those people all used to pitch me as an institutional LP back in the day. I think the "near miss" scenario is totally overhyped.

Later Stage 99

Later Stage Down Round Pre-Money Valuation Early Stage 99