David Teten

MARCH 14, 2018

Managers of VC funds typically want to grow their business aggressively, just like the founders we back. But, we normally have a clear ceiling on how high we can grow AUM, before hitting practical limits to deploying capital within the traditional VC model. . Even the largest VC funds rarely have more than a dozen partners.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Feld Thoughts

OCTOBER 15, 2020

The Foundry Network , as we’ve been calling it, encompasses founders, CEOs, executives, general partners of our underlying venture capital fund investments, limited partners (our investors as well as other investors in the funds we have investments in), and other members of our ecosystem.

Networking 176

Networking Hiring North America Venture Capital 176

David Teten

JULY 25, 2017

We have lower AUM, therefore lower management fees. For example, our limited partners have major ownership interests in such companies as Adidas , LafargeHolcim (largest building materials manufacturer in the world), and SuperNAP International (developer of data center facilities worldwide; used by Amazon, Intel and Microsoft).

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Both Sides of the Table

MARCH 1, 2016

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market. But both seed investors and LPs alike agree that as long as these programs are managed sensibly, their existence is useful.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

David Teten

JANUARY 11, 2020

They’re taking a $1m check from me, or giving $5m to me as a limited partner. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc. Google My Business , which helps me manage my Google presence. . Goodreads. I welcome suggestions.

Social Media 60

Social Media Technical Review Media Private Equity 60

VC Cafe

FEBRUARY 1, 2011

The event is themed “Turning the Corner – Delivering Value over the Next Decade”.This The event is themed “Turning the Corner – Delivering Value over the Next Decade”.This This year’s conference will feature keynote speakers Johannes Huth (Managing Director & Head of Europe – Kohlberg Kravis Roberts & Co.)

Private Equity 79

Private Equity Equity LP Limited Partner 79

www.xconomy.com

JUNE 9, 2012

Managing Director, Enterprise Partners. Our Events ▾ 6/14/12 · Boston. View All Xconomy Events ›. Boston Events ›. Detroit Events ›. New York Events ›. San Diego Events ›. San Francisco Events ›. Seattle Events ›. San Diego Events. Co-Founder and CEO, Wetpaint.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Both Sides of the Table

NOVEMBER 9, 2014

I am generally a fan for providing management updates periodically for all investors but in doing so you must assume that what you send out will get read by others and thus hold back on your most sensitive information. Attends 500startup events. Is this investor on AngelList? You betcha. Speaks on CNBC.

SEC 352

SEC Venture Capital Early Stage Cofounder 352

Steve Blank

JULY 15, 2010

VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Number of Venture Backed Liquidity Events 1991-2000. This changed their interest from managing your board for their liquidity to managing the board for all shareholders. Take a look at the chart below. (It

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

This is going to be BIG.

SEPTEMBER 19, 2018

Still, these kinds of positions do open up occasionally—opportunities to lead new business units as General Managers, Heads of Business Development, COO’s, etc. The key is to be “nearby” to the opening when it comes up—to somehow be a known and trusted quantity, not just a resume.

Startup 191

Startup Cofounder Angel Groups Limited Partner 191

Berkonomics

JUNE 15, 2017

To protect against such an event, almost every professional investor includes a clause in the investment documents which allow the investor to “put” the stock back to the company after five years, requiring the company to pay back the investment plus dividends accrued during the term of the investment. There is no middle ground.

Liquidity Event 97

Liquidity Event Initial Public Offering Dividend Valuation 97

David Teten

AUGUST 18, 2017

At HOF Capital , we try to manage these layers to be “ MECE ” (Mutually Exclusive, Collectively Exhaustive). We currently participate in events as speakers and plan to continue hosting periodic events to build awareness around our fund and portfolio companies. In descending order of importance, they are: Reputation.

Due Diligence 60

Due Diligence Marketing Reputation Social Media 60

David Teten

AUGUST 19, 2019

Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. Founders First Capital Partners defines these high performing organizations as Zebra Companies.”.

Revenue 60

Revenue Technical Review Software Review Equity 60

David Teten

JULY 12, 2017

GPs strategically invite trusted [Limited Partners and others] to co-invest, often based on the LP’s ability to add value or when the amount of capital required to complete an attractive transaction is larger than they are able to invest alone.”. 2) Investors with very specific value-add. Economic benefit.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

View from Seed

OCTOBER 29, 2014

Most of the dollars a VC firm invests come from outside limited partner investors (LPs). The actual partners of a VC firm (GPs) will typically invest a minimum of 1% of the total size of their fund,* though frequently this percentage is substantially higher (especially in many of the best funds). The first is a staff constraint.

LP 335

LP Private Equity Institutional Investors Venture Capital 335

The Equity Kicker

NOVEMBER 18, 2015

I’m at the Super Investor conference in Amsterdam, which is the main event each year when private equity and venture capital fund managers and their investors (Limited Partners out LPs) get together. Relationships are important, and they want to invest in managers they trust. Those are the similarities.

Private Equity 60

Private Equity Venture Capital Startup Limited Partner 60

Agile VC

OCTOBER 29, 2014

Most of the dollars a VC firm invests come from outside limited partner investors (LPs). The actual partners of a VC firm (GPs) will typically invest a minimum of 1% of the total size of their fund,* though frequently this percentage is substantially higher (especially in many of the best funds). The first is a staff constraint.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

Hippoland

MAY 15, 2016

I was in Atlanta this past week and spoke at an event about raising capital. Whether it’s a micro fund or not, I need to raise money from 3rd party investors (Limited Partners) and convince them that Hippo Fund is going to make them A LOT of money. My upside as a fund manager is roughly ($20m - $10m fund size) * 20% = $2m.

Syndicate 48

Syndicate Syndication Limited Partner Portfolio 48

Growthink Blog

MAY 23, 2011

Through connections, or through a chance meeting at a networking or social event, an angel investor hears the entrepreneur's story, likes them and their technology, and on the spot, writes a check to provide the company with its first outside financing. There are a lot of dark, hard days. For most companies, it is simply a non-starter.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

K9 Ventures

AUGUST 14, 2017

The new $42M fund is backed by several high quality institutional partners, including university endowments, fund of funds, family offices, and key individuals. I would like to thank all the limited partners who entrust me and K9 to invest their capital. I first thought about starting K9 in 2008.

Technology 96

Technology LP San Francisco Portfolio 96

David Teten

SEPTEMBER 6, 2015

Previously she was Co-Founder and CEO of SNAZZ, a cloud-based event management platform. The alternative model is to set up a dedicated venture fund and even supplement it with outside limited partners. Corporate venturing is venture capital, not corporate financial asset management. I don’t think we are.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

ithacaVC

MAY 10, 2011

First, VCs get capital commitments from limited partners (i.e., Capital is called when needed for investment, fund expenses or management fee. Second, the General Partner of VC1 is the entity that runs the fund (let’s call it GP1). So, in this respect, you can think of GP1 as a limited partner.

Carried Interest 51

Carried Interest Ratchet Limited Partner Due Diligence 51

This is going to be BIG.

JULY 8, 2013

When you''re out on the road pitching, and getting people to believe in you, you feel a deep sense of responsibility to your limited partners--and there isn''t a day when you don''t wonder why you didn''t just take some easy corporate job where no one would notice if you weren''t working productively. 9) Sometimes, it''s just luck.

Venture Capital 167

Venture Capital Early Stage Portfolio Private Equity 167

Berkonomics

JANUARY 27, 2010

To protect against such an event, almost every professional investor includes a clause in the investment documents which allow the investor to “put” the stock back to the company after five years, requiring the company to pay back the investment plus dividends accrued during the term of the investment. There is no middle ground.

Liquidity Event 67

Liquidity Event Initial Public Offering Dividend Valuation 67

Venture Chronicles

JULY 16, 2010

This is definitely on the upswing and reflects the issues that funds are having with their limited partner investors. Regulatory paperwork is prepared and the investment is prepared for presentation to the limited partners for funding. The second scenario is the pulled term sheet.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 28

Austin Startup

MARCH 7, 2021

investing in Everlywell, Moderne Ventures (Chicago), and Wavemaker Partners (Singapore) to invest in Icon, and investors from Nebraska, Oklahoma, and Colorado joined a Houston-based venture firm to invest in Televet, an Austin based Veterinary Clinic Management platform. Austin Ventures. So where is investing headed in Texas?

Texas 90

Texas San Antonio Houston Dallas 90

Both Sides of the Table

JANUARY 16, 2012

And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). These include building products, recruiting, managing your finances, marketing, selling, getting feedback from customers and … fund raising. People who manage processes make more sales.

Developer 366

Developer Silicon Valley PR Las Vegas 366

This is going to be BIG.

FEBRUARY 21, 2019

A lot of VC fund pitches—and I know this because I used to vet VCs for a living as an institutional limited partner at a pension fund—sound the same. If they haven’t done this math, they shouldn’t be managing your money. What risks have you taken that others haven’t—and why did you think they were worth taking?

Accredited Investor 106

Accredited Investor Term Sheet Deal Flow .Net 106

Both Sides of the Table

JUNE 29, 2017

This brings our combined funds under management to nearly $2 billion. A huge thank you to all of the Limited Partners who have entrusted us with your capital, time and reputations. I am so proud and humbled to be able to formally announce that Upfront Ventures has raised its 6th venture capital fund in the past 21 years.

Los Angeles 287

Los Angeles Las Vegas Venture Capital San Francisco 287

Altgate

MARCH 8, 2009

I say ecosystem as opposed to industry because it is not just the VC funds themselves that are imploding, instead the collapse includes entrepreneurs and startups that were funded by VCs, angel investors, service providers like lawyers, bankers and accountants as well as limited partner investors in VC funds. Bookmark the permalink.

Later Stage 34

Later Stage Early Stage Venture Capital Portfolio 34

This is going to be BIG.

FEBRUARY 4, 2019

He knew a bunch of other VCs in NYC and seemed like a great potential Limited Partner connection. billion under management plus real estate in NYC/Cal and 5 operating companies. There was only one problem. Richard Briggs didn’t exist.

Bolivia 129

Bolivia Florida Miami Venture Capital 129

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. These mutual funds “mark-to-market” every day, and fund managers are compensated periodically on this performance.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Both Sides of the Table

MARCH 6, 2017

Every year Upfront Ventures surveys Limited Partners (LPs) who are the main source of capital that invests in VC funds and thus the main source of capital that goes to startups to get an early-warning sense of the year ahead, leaving aside any Black Swans. We’re trying to limit our exposure.”

LP 286

LP Silicon Valley Venture Capital Startup 286