David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO).

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

JANUARY 11, 2020

The challenge is that my time and money budget for “influencing”–content creation and marketing– is minimal. Also, since I’m not trying to be a full-time marketer, I can’t use some of the standard celebrity techniques. They’re taking a $1m check from me, or giving $5m to me as a limited partner. Tech stack.

Social Media 60

Social Media Technical Review Media Private Equity 60

Eric Friedman

AUGUST 18, 2021

One dimension is a pretty firm belief that starting financial services companies should not be as hard as it is, and that there is demand in the market for yet another venture fund focused on functionally day-zero companies in financial services. I don’t worry about my anti-portfolio. Everything we do. That scares me.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

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. Here is the entire survey, which can also be downloaded and shared.

LP 286

LP Silicon Valley Venture Capital Startup 286

Babbling VC

OCTOBER 3, 2011

Fortunately, for those of us in the market long enough, it's actually good news. For those of you not in the know, they are one of the largest limited partners ( LP's : investors in venture capital funds) in Europe and are basically in almost all the funds throughout the market. This for me is a no-brainer.

LP 82

LP Europe Germany Venture Capital 82

Steve Blank

FEBRUARY 3, 2011

I’d known them for years, they were smart, trying to figure out the video game market with me, (in hindsight a business that none of us knew anything about and shouldn’t have been in ,) coached me when needed, etc. But while I was just seeing a single board member, I was just one of twenty companies in their current fund portfolio.

San Francisco 331

San Francisco Silicon Valley Limited Partner Venture Capital 331

The Startup Magazine

MARCH 22, 2019

Venture capitalists act as limited partners, providing help to build successful companies in a market they have deemed has potential. They are less likely than angel investors to provide capital to companies that don’t have at least some proven success in their markets. Investor Involvement.

Angel Investor 123

Angel Investor Venture Capital Accredited Investor Equity 123

Both Sides of the Table

JANUARY 16, 2012

I’ve raised in boom markets and when everybody thought the Internet was a fraud. And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). You’re meeting people who can give you market insights and information. REAL information.

Developer 366

Developer Silicon Valley PR Las Vegas 366

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

Both Sides of the Table

OCTOBER 1, 2009

In my previous post, The VC Ice Age is Thawing (for now) I wrote about the reasons why the VC market came to a screeching halt in September 2008 and remained largely shut until at least April 2009. There are now signs the VC market has gathered pace meaning it’s a great time to be fund raising. This is one book-end of the cycle.

IPO 255

IPO Investment Bankers Venture Capital Marketing 255

Steve Blank

JULY 15, 2010

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Startup lifecycle in an IPO Market. Here’s why. Free At Last.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

David Teten

FEBRUARY 7, 2012

Although any given early-stage company is quite risky, when aggregated across a large portfolio, returns are very attractive. From the point of view of a limited partner, the great challenge is scaling the business. We have eight full-time employees and 5,000 square feet of office space to help our portfolio companies.

Early Stage 148

Early Stage Private Equity Portfolio Aggregator 148

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. 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. Emotional Biases.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

ithacaVC

FEBRUARY 23, 2012

It is the time of year when VC firms do year end valuations for their portfolio company holdings. Luckily, I am not in charge of the internal finance function at our fund. Some VC firms use the art of Level 3 inputs to mark up their valuations, which has a tendency to make limited partners happy.

Valuation 49

Valuation Institutional Investors Marketing Down Round 49

David Teten

AUGUST 20, 2019

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. Underaddressed market. More intimate knowledge of portfolio company performance. Potentially could use SBIC financing.

Revenue 60

Revenue SBIC Cofounder Venture Capital 60

Rob Go

NOVEMBER 30, 2015

In October, we held our annual Limited Partners meeting at NextView. In addition to reporting on the progress of our funds and the exciting stuff happening with the portfolio, we shared some thoughts on the broader market environment for VC’s and venture backed technology companies. This has started to unfold.

Later Stage 28

Later Stage Marketing Early Stage Ratchet 28

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. Venture capitalists Cut Tough Deals.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

Babbling VC

NOVEMBER 4, 2011

Funds may have initially launched with a view of the market that changes. One partner may have a different appetite for risk in comparison to another. There may be differing opinions about how to manage a portfolio and so forth. 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

Venture Chronicles

JULY 5, 2010

In today’s online WSJ there was an article about nanotech investor Harris & Harris expanding in debt financing and equity investments in public companies as a result of the lack of liquidity options for private venture backed startups. From With Exits Elusive, Harris & Harris To Take More Stakes In Public Cos.

Venture Capital 40

Venture Capital Marketing Limited Partner IPO 40

Professor VC

DECEMBER 8, 2015

Often times those involve trading within a venture capital portfolio or between two venture firms portfolios. I was a Limited Partner in Angel Investors II (Ron Conway's angel fund) that was an investor in Confinity. Like CPF, Kilowatt also provides solar financing services to consumers. At the IPO, Musk held a 14.2%

Merger 28

Merger LP IPO Redemption 28

K9 Ventures

MAY 14, 2011

He or she doesn’t have a “day-job” but spends all of his or her time in evaluating new investment opportunities or working with portfolio companies. 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.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

Austin Startup

MARCH 7, 2021

Texas is the most promising technology market in the United States. If you want to launch a new business, this is a great market to launch from because you can easily reach all of the major Texas cities with one office. A significant strength of Texas lies in its diversified portfolio of unique cities.

Texas 90

Texas San Antonio Houston Dallas 90

finance.fortune.cnn.com

AUGUST 21, 2012

Through 12/31/11, less than 66% of the fund-of-funds called capital had been returned to limited partners. Overall, the portfolio value (including realizations) was being held at around 5% below cost. The percentage is the 12/31/11 portfolio value (including cumulative distributions) divided by the called capital.

Naming 49

Naming Term Sheet Private Equity Equity 49

Steve Blank

MARCH 22, 2009

Their VC firm, In-Q-Tel , has been in business for 10 years, and like most VC firms they have an annual event where they show off their new portfolio companies to their limited partners and other VC partners. We witness similar behavior in corporate finance.

Silicon Valley 247

Silicon Valley Thailand RSS Venture Capital 247

K9 Ventures

NOVEMBER 30, 2008

The birth of modern-day venture capital (not considering the European monarchs financing explorations and projects as venture capital) can be traced back to American Research and Development, which was started by Georges Doriot. Institutional LPs typically diversify their portfolios by investing in multiple asset classes.

IRR 48

IRR Venture Capital LP Early Stage 48

Professor VC

JANUARY 20, 2009

The latest statistics from VentureSource show 554 financings in Q4, down from 620 in Q3 and 718 in Q4 2007. On that front, I take pride in the second headline with news that Fliqz , where I am CFO, just closed on $6 million in Series C financing. Total amount raised fell from $7.5 billion to $5.5 billion quarter over quarter.

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28