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VCs eating our own dog food: Using technology and analytics to make better investments

David Teten

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. This is harder than it sounds.

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Unintended Consequences: When SAFE and Convertible Notes Go Awry

Pascal's View

Unfortunately, what the CEO/founder forgets most often is that the notes have a multiplier effect in the post-money calculation; the more notes and the further the cap is from the new priced equity, the greater the variance between actual and nominal pre- and post-money valuations. It’s going to be great!”.

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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Obviously most of these employees are working hard primarily for equity upside compensation, but Kayak’s personnel costs are roughly $200K/head so the company is highly productive on a per employee basis. Led by Oak Investment Partners with participation by General Catalyst, Sequoia, & Accel and others. Series D Preferred.

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ProfessorVC: Touched by an Angel

Professor VC

A partner from the law firm (sponsor, covers the drinks and food) tosses out some softball questions to the panelists, the audience chimes in with Q&A and finally, culminates with the meet and greet where the panelists are flooded with business cards and pitches on the next great thing, which is often very similar to the last great thing.

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How to Fund a Startup

www.paulgraham.com

Some angel investors join together in syndicates. The fund managers, who are called"general partners," get about 2% of the fund annually as a managementfee, plus about 20% of the funds gains. Not all the people who work at VC firms are partners. Its the partners who decide, and they view things witha colder eye.