Agile VC

MAY 9, 2014

One of the first things that caught my eye when I started reading the Alibaba Group S-1 was a section on page 7 of the filing regarding something called the “Alibaba Partnership” It quickly struck me that the Alibaba Group’s corporate governance in some ways mirrors China’s Politburo.

Government 153

Government Silicon Valley China Cofounder 153

Agile VC

OCTOBER 1, 2013

The last two weren’t traditional VC backed startups, but rather growth equity and a corporate spin out, but nonetheless innovative tech companies are clearly being welcomed by the public markets again. The US government last shut down in 1995 and 1996. And of course Twitter filed confidentially for their IPO in September.

IPO 147

IPO Cloud Valuation Mobile 147

Agile VC

OCTOBER 29, 2014

For public sector roles, such as government employees, teachers, and firefighters, DB pension funds are still the norm, and many public pension funds still invest in VC funds (though some of these are very large entities, making scale an issue, which I’ll discuss more below). What Are These Intermediaries?

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

Agile VC

NOVEMBER 7, 2019

Late stage rounds help keep companies private longer and eventually Facebook proves to be a blockbuster company… public equity investors hope to find the next Facebook pre-IPO. During these years you do see the rise of “cross-over” investment in private companies by large public market investors like Fidelity, T. Rowe Price, hedge funds, etc.

IPO 100

IPO Early Stage Cofounder B2C 100

Agile VC

NOVEMBER 13, 2012

A huge cleantech boom occurred and battery companies like A123 went public along with biofuels companies like Amyris, Gevo, and others, though in retrospect this was more of a bubble driven by unsustainable government subsidies (A123 is bankrupt and the biofuels companies trade at a fraction of their IPO valuation).

LP 154

LP Portfolio Venture Capital IRR 154