David Teten

MARCH 28, 2012

Best Practices in Venture Capital Portfolio Company Value Creation. Lowering that failure rate would be highly impactful on venture capitalist returns, if we could figure out how to do it. Koen, Gyorgy, and Adham are all Columbia Business School MBA 2012 students and former consultants with McKinsey and BCG.

Portfolio 144

Portfolio Private Equity Venture Capital Early Stage 144

David Teten

JUNE 22, 2012

HBS Angels of NY and the NAIC have named the finalist women and minority entrepreneurs of the Venture Capital Access Program; check out the press release below. Select Finalists for Venture Capital Access Program. HBSAANY members embody try capitalists, particular accredited investors, and other institutional investors.

Programming 114

Programming Accredited Investor Naming New York 114

David Teten

JANUARY 9, 2013

Partners for a New Beginning (PNB), a public-private partnership housed at the Aspen Institute, is organizing a Venture Capital, Private Equity and Angel Investor Delegation from the Maghreb. Localisation du Maghreb (Photo credit: Wikipedia). More details. You can view the slides from this presentation here .

Tunisia 114

Tunisia Libya Algeria Mauritania 114

Agile VC

OCTOBER 23, 2012

And even if they wanted the index return, there is essentially no way to buy (or sell) a broad-based basket of VC funds in the way you can trade the S&P 500 or Russell 2000 or other public equity index. What about fund of funds (FoF), you ask? Aren’t they a form of bundled investment into the VC asset class?

LP 176

LP Accredited Investor Carried Interest Portfolio 176

Startup Professionals Musings

DECEMBER 28, 2018

Sometimes these will ask for 5%-15% of your equity for their support services. Separately at this stage, you may look for small funding amounts from angel investors , called seed investments. Usually these will not give you money, but will provide inexpensive expert mentoring and office services.

Incubator 236

Incubator Exit Strategy Institutional Investors Angel Investor 236

Berkonomics

AUGUST 3, 2023

This class of investor, once quite disorganized, has become much like the venture capital community, creating a process including due diligence (careful examination of a business before investment), terms of investment that match those of venture capitalists, and a process that sometimes takes months from introduction to investment.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

The Equity Kicker

OCTOBER 14, 2014

If you are approaching an institutional investor then people who are new to the firm and/or more junior often have more time, although maybe less influence. Venture Capital' It’s fine to ask for a meeting, but be prepared to begin the relationship with an email conversation.

Early Stage 123

Early Stage Institutional Investors Venture Capital Startup 123

David Teten

APRIL 13, 2016

We’re happy to report that Institutional Investor just published our summary of our research study in their April issue: “ Asset Managers, Prepare to Have Your Business Disrupted ” (about 2,000 words). The post Institutional Investor Just Published our Research Study on Disruption of Investing appeared first on David Teten.

Institutional Investors 60

Institutional Investors Affiliate Management Private Equity 60

Growthink Blog

MAY 10, 2012

When seeking equity investments, the source of capital is, for the most part, tied to the stage of capital being raised. You see, equity capital is raised in stages or rounds. At this point, you will be ready for institutional investors who can provide funding to scale or rapidly grow your business.

Equity 88

Equity Mezzanine Later Stage Venture Capital 88

David Teten

MAY 12, 2011

It’s been very exciting to see such a strong response to our recent research study on “Best Practices in Private Equity and Venture Capital Deal Origination”, published in the Winter 2010 Journal of Private Equity. Private Equity Funds’ Best Practices in Sourcing Investments. -

Private Equity 122

Private Equity Institutional Investors Equity Venture Capital 122

Startup Professionals Musings

JUNE 15, 2013

Sometimes these will ask for 5%-15% of your equity for their support services. Separately at this stage, you may look for small funding amounts from Angel investors , called seed investments. Usually these will not give you money, but will provide very inexpensive space to work and office services.

Incubator 256

Incubator Entrepreneur Exit Strategy Institutional Investors 256

Startup Professionals Musings

NOVEMBER 27, 2016

Sometimes these will ask for 5%-15% of your equity for their support services. Separately at this stage, you may look for small funding amounts from Angel investors , called seed investments. Usually these will not give you money, but will provide inexpensive expert mentoring and office services.

Incubator 120

Incubator Startup Exit Strategy Institutional Investors 120

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies.

New York 114

New York Technical Review Networking Advisory Board 114

Pascal's View

AUGUST 12, 2009

First, the National Venture Capital Association has published data revealing that over 90% of the jobs created by venture-backed companies occur AFTER they go public—and this relationship holds over the past 40 years.

IPO 28

IPO Silicon Valley Merger Sweat Equity 28

Startup Professionals Musings

MAY 16, 2012

Sometimes these will ask for 5%-15% of your equity for their support services. Separately at this stage, you may look for small funding amounts from angel investors , called seed investments. Usually these will not give you money, but will provide very inexpensive space to work and office services.

Incubator 237

Incubator Startup Exit Strategy Institutional Investors 237

Up and Running

SEPTEMBER 26, 2016

Venture debt provides a very cost-effective way to receive capital from a big financial institution if you have liquidity or existing financial backing from a well-known investor. The downsides of venture debt? Why is venture debt desirable? The cost of venture debt capital is very, very low.

Covenant 60

Covenant Institutional Investors Balance Sheet Warrant 60

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . In the private equity universe, most Partners have primary training as deal-makers, not as managers. When I was single, I registered for (a lot of) dating websites.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

AUGUST 21, 2019

Most founders who are raising capital look first to traditional equity VCs. Or should they look to one of the new wave of Revenue-Based Investors? Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the preferred equity structure most VCs use. RBI investors usually don’t take equity.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Both Sides of the Table

MAY 23, 2010

Often when startups who have raised venture capital need another round of financing they will turn to their existing investors to give them money before raising from outsiders. a loan) that is later converted to equity at the time of the next financing. It starts as a debt instrument (e.g.

Startup 290

Startup Burn Rate Warrant Bankruptcy 290

Startup Professionals Musings

JANUARY 13, 2011

Sometimes these will ask for 5%-15% of your equity for their support services. Separately at this stage, you may look for small funding amounts from angel investors , called seed investments. Usually these will not give you money, but will provide very inexpensive space to work and office services.

Incubator 230

Incubator Startup Exit Strategy Institutional Investors 230

Berkonomics

JUNE 8, 2017

This class of investor, once quite disorganized, has become much like the venture capital community, creating a process including due diligence (careful examination of a business before investment), terms of investment that match those of venture capitalists, and a process that often takes.

Private Equity 106

Private Equity Valuation Cap Table Accredited Investor 106

David Teten

APRIL 13, 2021

Empirically, few small emerging investment managers hire placement agents, particularly in venture capital. They had 154 visits, 97 due diligence requests, 33 second visits, and 12 reference requests, to ultimately produce 9 institutional investors. million venture fund. But can you? No historical relationship. .

Private Equity 60

Private Equity Technical Review Management LP 60

Startup Company Lawyer

MARCH 12, 2009

Most venture and institutional investors favor C corps because they may have separate classes of stock, allowing for the creation of various levels of preferences, protections, and share valuations. Businesses that plan to use equity incentives (e.g. Ownership transferability is flexible and similar to that of C corps.

LLC 61

LLC Stock Options Preferred Stock Stock 61

K9 Ventures

MAY 14, 2011

The funding for the incubator of accelerator may come from the principals running the incubator (as I believe is the case for AngelPad , i/o ventures etc.) The incubators invest usually for an equity stake and buy equity at a extremely low valuation (for example, 7% for $15,000, which implies a pre-money valuation of less than $200,000).

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

The Equity Kicker

OCTOBER 8, 2014

Normal termsheets, by contrast, take a position that is favourable to the investor with the expectation that they will be negotiated down. Forward Partners Venture Capital'

Founder Vesting 92

Founder Vesting Vesting Option Pool Institutional Investors 92

David Teten

JUNE 8, 2020

On June 25, I’m speaking to the Stamford Fintech Meetup on “Asset Managers, Prepare to Have Your Business Disrupted” This is based on my Institutional Investor cover story: “ Asset Managers, Prepare to Have Your Business Disrupted ”, cowritten with Katina Stefanova (CEO/CIO, Marto Capital; former management committee at Bridgewater (..)

Management 60

Management Institutional Investors Private Equity Venture Capital 60

David Teten

APRIL 7, 2017

Most investor groups specialize by geography, stage, and/or industry. However, our member base is much more diverse on all those measures than any other investor group I’m aware of. This is a generalizable principle: you get higher returns where other investors are not.

New York 60

New York Africa Cofounder Egypt 60

Hunter Walker

SEPTEMBER 29, 2022

Starting a venture capital blog post with 1970s country music lyrics is pretty uncommon, but so is writing about when and why an investor might choose to sell equity before the company exits. And finally, a more robust (but still somewhat opaque) secondary market emerged for transacting equity among parties.

Venture Capital 122

Venture Capital Cap Table LP Equity 122

Gust

MAY 24, 2012

As a quick review, most startups begin life as corporations with a single class of equity securities, referred to as Common Stock , issued to founders, employees, and outside service providers. Options and warrants, when issued, are also typically exercisable for shares of Common Stock.

IPO 159

IPO Equity Common Stock Stock 159

The Equity Kicker

JANUARY 11, 2013

I was chatting with a friend last night about the lack of institutional investor (LP) interest in European venture capital as an asset class.

LP 143

LP Europe Institutional Investors Venture Capital 143

The Equity Kicker

OCTOBER 8, 2014

Normal termsheets, by contrast, take a position that is favourable to the investor with the expectation that they will be negotiated down. Forward Partners Venture Capital'

Founder Vesting 68

Founder Vesting Vesting Option Pool Institutional Investors 68

The Equity Kicker

FEBRUARY 9, 2016

I just saw a great presentation from Mark Suster/Upfront Ventures on the State of the Venture Capital in 2016 which explains the discrepancy between the sentiment in the market and the observation that there are lots of funds out there which need to deploy capital.

Marketing 60

Marketing Institutional Investors Venture Capital Later Stage 60

David Teten

JANUARY 10, 2012

He was an Institutional Investor ranked analyst for several years. Mr. Parekh started his career at Goldman Sachs, developing the firm’s equities business in the Middle East, with high net worth family offices and sovereign wealth funds. Savage earned a BA in Political Philosophy from Yale University.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

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?” Private Equity Coinvestment: Best Practices Emerging (PWC). Thanks to Jeff Barnett and others for thoughtful input.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

David Teten

FEBRUARY 3, 2014

It might appear that origination is becoming much easier because of new tools like AngelList and the SEC moving toward adoption of rules that will allow equity based crowdfunding. But in practice, these phenomena create a tremendous volume of startups, which investors then have to filter. Acquirer/ Investor. ff Venture Capital.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

Pascal's View

AUGUST 22, 2009

”, written by Mark Veverka, asserting that “venture capitalists want to widen the playing field for the underwriters.” ” The story includes quotes from former National Venture Capital Association (NVCA) chairman Dixon Doll of DCM and investment banker Paul Deninger, who is the vice-chairman of Jefferies & Co.

IPO 40

IPO Merger Institutional Investors Venture Capital 40

Agile VC

OCTOBER 29, 2014

Most folks reading this will know that many startups were built in part with the help of venture capital. Many large institutions from the list above invest directly in VC funds, but others from the same categories will invest indirectly through a range of different intermediaries. The first is a staff constraint.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279