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. . 3) Raise capital. Boardex and Relationship Science make it easier to understand and map social networks into potential limited partners.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

JANUARY 30, 2016

I have been evangelizing to founders for years to be more thoughtful about how startups update investors and run board meetings so I would be pretty hypocritical if I wasn’t willing to try and be more effective myself. Upstream & Downstream Capital. I had a few objectives in mind. So we planned a Technology Summit.

Community 150

Community Los Angeles LP Portfolio 150

Both Sides of the Table

OCTOBER 12, 2014

In the old days there weren’t many fights about whether angels would take their prorata rights in financing rounds. People all across the value chain have taken notice including Limited Partners who are the people who invest in VC funds in the first place. Thus begins the dance. And there’s always a but.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Nobody understands this better than First Round Capital.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Eric Friedman

AUGUST 18, 2021

I lovingly call him the curmudgeon of fintech – in this episode we go deep into how he is building a venture capital firm and practice, not just running a fund and how he views the world of fintech investing. Today, we are lucky to welcome Dan Kimerling of Deciens Capital. Venture Capital is not a complicated business.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Both Sides of the Table

NOVEMBER 9, 2014

We all can intuit the benefits to founders of these trends so there’s little reason to elaborate. How founders get screwed on convertible notes. Does he blog about venture capital and try to advise entrepreneurs? Has written a book on venture capital. Is this investor on AngelList? You betcha.

SEC 352

SEC Venture Capital Early Stage Cofounder 352

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. link] So here are some details (please thank & follow!

LP 286

LP Silicon Valley Venture Capital Startup 286

The Startup Magazine

MARCH 22, 2019

The question of venture capitalist versus angel investor often arises. Venture capital and angel investments offer excellent options to startup businesses. Investment firms are staffed with analysts, partners, and others to ensure deals are soundly vetted. Securing funding from them can be a long process. What’s at stake?

Angel Investor 123

Angel Investor Venture Capital Accredited Investor Equity 123

David Teten

JANUARY 11, 2020

They’re taking a $1m check from me, or giving $5m to me as a limited partner. In the venture capital/private equity business, investors are B2B microinfluencers. We market to four populations: High-potential founders. Jourdan Urbach, Managing Partner of Brandt & Co. This is hosted by NFX.

Social Media 60

Social Media Technical Review Media Private Equity 60

Steve Blank

JULY 15, 2010

If you take funding from a venture capital firm or angel investor and want to build a large, enduring company (rather than sell it to the highest bidder), this isn’t the decade to do it. The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Here’s why.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

VC Cafe

MARCH 27, 2022

Over the past few weeks, we’ve witnessed the launch of ginormous new venture funds focusing on the space. Venture capital firms poured more than $32 billion into digital-asset startups last year and there’s plenty more dry powder out there: Haun Ventures – $1.5 link] — jack??

Cofounder 179

Cofounder Venture Capital Equity 179

David Teten

AUGUST 20, 2019

The question I’m asking myself: should a new VC fund use Revenue-Based Investing, traditional equity VC, or possibly both (likely from two separate pools of capital)? Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the preferred equity structure most VCs use. Greater transparency to limited partners.

Revenue 60

Revenue SBIC Cofounder Venture Capital 60

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. In February of last year, Fortune magazine writers Erin Griffith and Dan Primack declared 2015 “ The Age of the Unicorns ” noting — “Fortune counts more than 80 startups that have been valued at $1 billion or more by venture capitalists.”

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Steve Blank

JUNE 1, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. A veteran board can bring 50-100x more experience into a board meeting than a first time founder.

Silicon Valley 290

Silicon Valley Business Model Venture Capital Balance Sheet 290

Both Sides of the Table

SEPTEMBER 1, 2016

Rolf Winkler wrote a piece in the WSJ about A16Z’s returns in which he says they “lag behind Sequoia, Benchmark and Founders Fund.” Scott Kupor of A16Z responded with a comprehensive overview of valuation methodology in a post that while accurate feels more targeted at sophisticated Limited Partners (LPs) who invest in funds.

LP 264

LP Jordan Cofounder Limited Partner 264

Both Sides of the Table

FEBRUARY 4, 2016

” There are a lot of data points that one can observer to get a sense of the venture capital markets – both LP fundings into venture and VC financings of startups. They point to some widely known facts: financings & valuations are up massively over the past 7 years and non-VC money has entered the system.

LP 150

LP Valuation Burn Rate Pre-Money Valuation 150

Steve Blank

JUNE 1, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. A veteran board can bring 50-100x more experience into a board meeting than a first time founder.

Silicon Valley 258

Silicon Valley Business Model Venture Capital Balance Sheet 258

Growthink Blog

MAY 23, 2011

The typical wisdom regarding the appropriate financing course for a new company goes as follows: 1. This venture capital financing - usually between $3 and $10 million - is the first of a number of rounds of outside investment over a period of three to five years. There are a lot of dark, hard days.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

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). You need to build genuine relationships with these portfolio startup founders as well as trust with them and the rest will follow. So why would raising venture capital be any different.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Babbling VC

JANUARY 7, 2011

I personally believe that one of the major drawbacks to venture capital in Europe is chronic under-financing and people skirt around this issue. Historically, venture fund sizes have been significantly lower here. Hence, financing rounds have been smaller (roughly a ratio of 5 to 1 when comparing US to EU).

Finance 76

Finance LP Europe Valuation 76

Scott Edward Walker

FEBRUARY 9, 2020

I’ve been doing M&A transactions for 25+ years (including nearly eight years at two major New York City law firms), and I wanted to briefly discuss an important issue for founders interested in selling their company: the distinction between strategic and financial buyers. What Are Financial Buyers? Should I Avoid Financial Buyers?

Private Equity 59

Private Equity New York City Equity Deal Structure 59

Austin Startup

MARCH 7, 2021

It seems like every day there is a new headline about an exceptional startup founder, investor, or corporate headquarters moving to Texas. Today, startup founders focus on the fundamental challenges of our time with energy, life sciences and industrial technologies dominating Houston’s tech scene. Joe Lonsdale. Drew Houston.

Texas 90

Texas San Antonio Houston Dallas 90

K9 Ventures

MAY 14, 2011

However, in my view, the big difference here is that the micro-VCs are not investing just their own capital. They are still individual investors, they invest on a full-time basis as professionals, but they have funds with Limited Partners. Pooled resources or Limited Partners. Personal Money AND Limited Partners.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

Both Sides of the Table

OCTOBER 1, 2009

So what is driving the new energy in the remaining venture capital firms when we kept hearing how much the whole industry was “against the ropes?&# … 1. note: there is one rare exception – in 2006 Sevin Rosen declared that Venture Capital was broken and actually returned money to their LPs !

IPO 255

IPO Investment Bankers Venture Capital Marketing 255

Professor VC

JANUARY 20, 2009

The Most Important Venture Capital Statistic. The latest statistics from VentureSource show 554 financings in Q4, down from 620 in Q3 and 718 in Q4 2007. million for the year, which is the first time it has been below $5 million since 2001, a sign that capital efficiency will be even more important than it has.

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

This is going to be BIG.

SEPTEMBER 19, 2012

I'm ecstatic to announce that Brooklyn Bridge Ventures has just completed a first close of $3.5 million of limited partner commitments--a huge and exciting first step. The funding was anchored by a major commitment from Two Sigma Ventures, the private venture investment affiliate of Two Sigma Investments.

LP 112

LP New York City New York Chad 112

Babbling VC

NOVEMBER 4, 2011

I've compared so much in venture capital with dating, relationships and marriage. This happens both to investors and entrepreneurs as well as colleagues or co-founders. . The source of capital will simply be different. They will pool money amongst "friends and family" as well as their own capital to finance new deals.

Portfolio 70

Portfolio Limited Partner Early Stage Cofounder 70

ReadWriteStart

JUNE 13, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. Because We've Always Done It This Way. Here it's the board that has asymmetric knowledge.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Steve Blank

OCTOBER 29, 2009

These IPOs meant that technology companies didn’t have to get acquired to raise money or get their founders and investors liquid. Ampex business took off when Terman introduced Ampex founder Alex Poniatoff to Joseph and Henry McMicking. The first limited partnership that lasted for a while was formed by Davis and Rock in 1961.

Silicon Valley 125

Silicon Valley SBIC San Francisco RSS 125

Professor VC

FEBRUARY 26, 2010

The formula will be based on the founders experience, schools they attended and other background information to gauge the likelihood of success. My first reaction is incredulity that limited partners would buy into this idea. Labels: entrepreneur , seed investing , venture capital , venture financing.

San Jose 28

San Jose Silicon Valley Venture Capital Angel Investor 28