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

Pascal's View

MARCH 16, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question; How should institutional investors contact VC funds? Answer : First, nothing beats direct contact with managers. Directly or via an investment consultant?

Institutional Investors 28

Institutional Investors Government Technical Review Due Diligence 28

Gust

APRIL 27, 2014

Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources. Here are eight key business tasks that relate to almost every startup, generally prioritized by criticality.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

David Teten

JANUARY 10, 2012

With a unique vision for starting and successfully managing innovative companies, he is the Managing Partner of Social Leverage, a holding company that invests in early stage web businesses. Mr. Lindzon continues to manage a hedge fund he started in 1998. He was an Institutional Investor ranked analyst for several years.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

David Teten

JUNE 8, 2020

The post Asset Managers, Prepare to Have Your Business Disrupted appeared first on David Teten. I’d value your feedback on my draft deck. If this was helpful to you, please sign up for my newsletter.

Management 60

Management Institutional Investors Private Equity Venture Capital 60

View from Seed

JULY 14, 2022

Investors can start investing in their personalized index today with no minimum up-front investment. Before Pebble, this type of personalized indexing had only been available to large institutional investors or extremely wealthy individuals via separately managed accounts.

Finance 156

Finance Institutional Investors Stock Mobile 156

Steve Blank

AUGUST 19, 2013

It has gotten so bad that pension funds and other institutional investors in venture capital funds have told these funds to stay away from Life Science – or at the least, early stage Life Science. Charles Dickens. And while the vast majority of Life Science exits remain below $125M, other sectors have seen exit valuations soar.

Venture Capital 301

Venture Capital Startup Lean Philadelphia 301

Gust

MAY 24, 2012

Management control is further entrenched by other provisions including a “controlled company” designation , exempting the company from the customary stock exchange-imposed corporate governance rules that apply to the vast majority of public companies in the post-Sarbanes-Oxley era.

IPO 159

IPO Equity Common Stock Stock 159

David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. 1) Manage the firm . This is harder than it sounds.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

YoungUpstarts

AUGUST 25, 2015

This can also vary as you grow and as some owners pull back from managing the LLC. Management. Corporate management is dominated by required formalities—shareholder meetings, a board of directors, resolutions, certificates, etc. Then the Directors elect Officers who actually manage the company. Verdict : LLC.

LLC 100

LLC Technical Review Software Review Limited Liability Company 100

David Teten

MARCH 5, 2021

BCG (January 2018): “Companies that reported above-average diversity on their management teams also reported innovation revenue that was 19 percentage points higher than that of companies with below-average leadership diversity — 45% of total revenue versus just 26%.”. David Teten is a past Advisor to Real Ventures. *We

Cofounder 78

Cofounder Founder Technical Cofounder Technical Review 78

View from Seed

JUNE 7, 2016

At NextView, one founder we invested in last year proactively asked us, as her lone institutional investor, to start doing this. For professional development as well as exposure for your management team, founders often bring in VPs (or SVPs, or other C-levels, etc.) You can download the 2.0

Seed Stage 120

Seed Stage Founder Seed Capital Institutional Investors 120

Both Sides of the Table

JULY 23, 2014

Just 3 years ago there was talk of institutional investors “not being able to write small enough checks.” Many prominent LPs have also recognized the “prorata opportunity” and have set up “direct investment vehicles” themselves to take prorata stakes in their managers portfolio companies.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

David Teten

MAY 9, 2012

HBSAANY members include venture capitalists, individual accredited investors, and other institutional investors. The National Association of Investment Companies (NAIC) is a 501(c)(6) trade association representing women and diverse alternative asset managers whose investment strategies focus on mid-market opportunities.

Venture Capital 154

Venture Capital Programming Accredited Investor New York 154

YoungUpstarts

JANUARY 3, 2018

If what made you successful isn’t working anymore, don’t wait for an activist investor to force the shift to a new way of competing. Management promised huge efficiency improvements that never came. It will be up to the new management team, and whomever the board installs as CEO-successor, to continue this process.

Agile 113

Agile Malaysia Private Equity Non-Compete 113

Agile VC

OCTOBER 23, 2012

It’s true that FoFs provide LPs a way to purchase VC funds in a basket, but by design these are comparatively narrow actively-managed investment funds rather than broad-based passive vehicles. But these long-term LPs are by definition using active managers in search of alpha (i.e.

LP 176

LP Accredited Investor Carried Interest Portfolio 176

David Teten

JUNE 22, 2012

The national outreach for women and minority entrepreneurs and the selection process was co-managed by the National Association of Investment Companies, the trade association representing private equity firms focused on the middle market. We think the potential of the companies we’ve met through this initiative is exceptional.”.

Programming 128

Programming Accredited Investor Naming New York 128

David Teten

JUNE 22, 2012

The national outreach for women and minority entrepreneurs and the selection process was co-managed by the National Association of Investment Companies, the trade association representing private equity firms focused on the middle market. We think the potential of the companies we’ve met through this initiative is exceptional.”.

Programming 114

Programming Accredited Investor Naming New York 114

Ben's Blog

MAY 24, 2021

Editor’s Note: This testimony was delivered by a16z managing partner Scott Kupor to the U.S. By way of background, I am the Managing Partner for Andreessen Horowitz, a $16.5 IPO market. In essence the IPO Pop is the increase in the price of the opening trade of an IPO relative to the IPO price.

SEC 36

SEC Accredited Investor IPO Technical Review 36

David Teten

JANUARY 9, 2013

The group is about 22 people; managing directors, partners and COO’s of major investments firms in Morocco, Algeria, Libya, Mauritania, and Tunisia. Aspen is looking for institutional investor and entrepreneur speakers willing to share their investing insights and personal experiences. More details.

Tunisia 114

Tunisia Libya Algeria Mauritania 114

David Teten

FEBRUARY 6, 2015

We are seeking Partner-level investment professionals at hedge funds, mutual funds, VCs, sovereign wealth funds, pension funds, family offices, and other institutional investors to interview for this research project. . Specific questions we’d like to explore: – What trends do you see impacting the asset management industry?

Management 60

Management Institutional Investors Boston Global 60

David Teten

NOVEMBER 15, 2013

Since I became an institutional investor, my #1 learning is: this is a highly unusual and somewhat baffling industry. Asset management also shows the traditional earmarks of an industry ripe for disruption — most obviously, unhappy customers and extremely profitable incumbents.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

YoungUpstarts

SEPTEMBER 23, 2020

There are many sites on the internet that give you an explanation of how gold prices work, but sometimes even reading all the information is too much for some people to manage. Inexperienced investors can be overwhelmed when working with hundreds of data points that don’t seem to make any sense.

Institutional Investors 241

Institutional Investors Government Salary Stock 241

Austin Startup

APRIL 1, 2017

They are supposed to serve as an objective voice on what’s best for the Company overall; balancing the incentives of common stockholders (management/founders) and preferred stockholders (investors) that can often pull in different directions. But institutional investors have a job to do, and it’s not to be your BFF.

Term Sheet 48

Term Sheet Institutional Investors Technical Review Lead Investor 48

David Teten

MARCH 28, 2012

The objective of the research is to define a blueprint for how investors can help portfolio companies succeed through operational (non-financial) support, including but not limited to facilitating shared services, recruiting, knowledge sharing, and enhancing management skills.

Portfolio 144

Portfolio Private Equity Venture Capital Early Stage 144

This is going to be BIG.

JUNE 15, 2020

As a former institutional investor, one of the stats we focused on was carry distribution. Right now, there are some underrepresented managers out there, but if you can only raise a fund after being funded, or if you start out with wealth, structural inequality is going to hold that pool back.

Venture Capital 122

Venture Capital Institutional Investors Later Stage Limited Partner 122

ithacaVC

MARCH 9, 2017

The importance of the Board is why institutional investors (like VCs) often get a seat on the Board after an investment. But don’t be fooled, there is an element of control as investors want a say in critical decisions. The list goes on and on. Good corporate governance is critical at startups and other companies alike!

Seed Stage 58

Seed Stage Software Review Institutional Investors Lead Investor 58

David Teten

MARCH 24, 2014

My recent post on “ Asset Management is a Bizarre Industry Ripe for Disruption ” got one of the most interesting reactions I’ve received. We had an email conversation about the rationality, or lack of rationality, of professional investors. For Professional Institutional investors: agency risk is a huge problem.

Software Review 114

Software Review Due Diligence Venture Capital Portfolio 114

The Startup Magazine

JULY 20, 2021

He later joined the O’Hara Administration, an investment and asset management firm, where he manages the firm’s investment strategy and fund-raising initiatives. He was responsible for the construction of 11 thermonuclear power plants throughout Venezuela that created 12,000 jobs.

Viral 156

Viral Private Equity Venezuela Los Angeles 156

Both Sides of the Table

MAY 23, 2012

For starters we saw a huge influx of inexperienced managers enter the VC industry proving clearly that being a VC is not a purely quantitative job. IPO markets had burned an entire cycle of retail stock investors and many institutional investors to boot. Just why does over-funding dampen returns?

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

SiliconHills

MARCH 19, 2018

TurnKey Vacation Rentals, one of the nation’s largest vacation rental management companies, recently announced it has received $31 million in funding. To date, the company […].

Institutional Investors 90

Institutional Investors Austin Partner Management 90

Hunter Walker

JUNE 9, 2021

If the $50m+ raised by Screendoor was pulled from sources of capital that was already earmarked for underrepresented emerging managers then all we’d be doing is transferring it from one allocator to another, not growing the pie. This one is a bit subtle, but for us, meaningful.

Columbus 134

Columbus Institutional Investors Dilution Early Stage 134

David Teten

FEBRUARY 3, 2014

We drew on our work with leading institutional investors and in-depth interviews with over 150 funds. Many private equity funds we interviewed for the Journal of Private Equity study view a CEO over age 60, or a family-run company that hires an outside manager, as a tell that the firm may welcome an outside investor.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

VC Cafe

MARCH 8, 2010

billion (net management fees and operational expenses). Koby Simana, IVC CEO, said: “foreign institutional investors – who before the crisis had been the lead source of capital invested in Israeli funds – have suffered serious losses due to the credit crunch.

IRR 74

IRR Venture Capital Institutional Investors 74

Both Sides of the Table

OCTOBER 12, 2014

Prorata investments rights given investors the right to invest in your future fund-raising rounds and maintain their ownership % in your company as your company grows and raises more capital. But I can’t secretly take 50% while offering angels 0%. That seems fair. We are all bound to the same economics.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Startup Professionals Musings

MARCH 9, 2018

Cohen and John Kador, in their classic book “ What Every Angel Investor Wants You to Know ,” includes these great points of practical advice on this subject: Manage expectations before the fact. That’s why it is better to use institutional investors and loans when you are able, with realistic time frame expectations.

Cram Down 148

Cram Down Angel Investor Equity Dividend 148

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. Below I’ll share some of the principles we use at Homebrew , knowing that there’s not really a single ‘right’ answer for a fund manager.

Venture Capital 122

Venture Capital Cap Table LP Equity 122