David Teten

JULY 14, 2014

The most pervasive has been the expansion of passively managed portfolios, such as index funds and ETFs, which allow both retail and institutional investors access to a broad spectrum of investment opportunities at a much lower cost. How are investors thinking and protecting against volatility in their portfolios?

Management 114

Management Portfolio Institutional Investors Government 114

Agile VC

OCTOBER 23, 2012

Diversification in that a small investor (by large institutional standards), say a foundation with $25M in assets that wants to commit $1M (4%) of their assets to VC, can get exposure to 10+ individual VC funds through a FoF but might only be able to inveset in 1-2 if they tried to do it directly. 3.0x+ cash on cash) is profitable.

LP 176

LP Accredited Investor Carried Interest Portfolio 176

David Teten

JANUARY 10, 2012

He was an Institutional Investor ranked analyst for several years. After graduating from the ACL in London, he began his career in financial markets in 1995 as an equity and portfolio manager at Standard & Poor in London, taking up further posts at Alfred Berg/ABN AMRO in Moscow and PBS in Switzerland.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

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. For institutional money prorata rights are compulsory and usually non-negotiable. Why prorata rights used to be less of a big deal to angels.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

David Teten

JANUARY 9, 2013

In addition, as part of the program, I’ll be making my first public presentation of our research study on VC portfolio operations value creation. 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

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

FEBRUARY 3, 2014

We drew on our work with leading institutional investors and in-depth interviews with over 150 funds. Leading Late-Stage Technology Investors’ Portfolio by Geography, 2001-1Q2010. Historically, institutional investors kept their investing strategy very discreet. Become open and transparent.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

Gust

MAY 24, 2012

The “con” side should be readily apparent: Entrenching management inherently disempowers individual and even large institutional investors, whose capital the company is entrusted with investing to earn a return. If these terms sound onerous and lopsided, it’s because they are.

IPO 159

IPO Equity Common Stock Stock 159

Transformify

MARCH 22, 2023

Social media has an impact on market movements and cryptocurrency values that extends beyond individual investors. Institutional investors and hedge funds often keep an eye on social media for news and opinions about cryptocurrencies. How does social media impact the cryptocurrency market?

Social Media 52

Social Media Securities and Exchange Commission Media Software Review 52

Rob Go

OCTOBER 14, 2012

OUR PORTFOLIO. I’ve done little portfolio overviews from time to time. In over half of our portfolio companies, we have invested pre-product. But we feel pretty good about the progress of the portfolio so far. Here’s a little update. Pace : We have made 23 investments so far. OUR INDUSTRY.

New Hampshire 50

New Hampshire Croatia Omaha Portfolio 50

David Teten

SEPTEMBER 23, 2017

I’ve primarily seen quantitative analytic techniques used in origination , filtering , and in portfolio company recruiting , but technology can be used throughout the nine steps of the private company investing process: The 9 Steps of the Private Company Investing Process. 8) Accelerate portfolio company value. 9% (1 / 12).

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

The Startup Magazine

JULY 1, 2022

If you are familiar with investing and willing to do your own homework, then investing a portion of your investment portfolio in Crypto may make sense. If you are not already investing in stocks and mutual funds, crypto is not where you want to start investing.

Stock 135

Stock Institutional Investors Demand Portfolio 135

David Teten

MARCH 24, 2014

For Professional Institutional investors: agency risk is a huge problem. They regularly find they have years where they would have had better returns by not changing their portfolio at all. They recognize that this portion of their portfolio is meeting that irrational need. It is not investment performance.

Software Review 114

Software Review Due Diligence Venture Capital Portfolio 114

Both Sides of the Table

MAY 23, 2012

IPO markets had burned an entire cycle of retail stock investors and many institutional investors to boot. It’s also worth noting as data would suggest from this SVB venture funding report, lower costs to build tech & operate businesses implies the possibility of lower loss ratios in portfolios.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Hunter Walker

SEPTEMBER 29, 2022

We started by asking our LPs (a relatively small number of institutional investors) and other experienced VCs what they’ve seen play out and how, if applicable, they decide what to do with their own holdings. Then we combined this with observed data from the behavior by coinvestors in our own portfolio.

Venture Capital 122

Venture Capital Cap Table LP Equity 122

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies. Prabhdeep Singh: GLG Share works in concert with the startup’s investors and VCs however we can.

New York 114

New York Technical Review Networking Advisory Board 114

View from Seed

OCTOBER 29, 2014

Some VC firms have eschewed taking direct investments from public pension funds, as state laws now sometimes require these pension funds to publicly disclose information about their investments that VCs consider sensitive, confidential info, like fund-level returns or individual companies in the portfolio. Endowments. new buildings, etc).

LP 335

LP Private Equity Institutional Investors Venture Capital 335

View from Seed

MAY 29, 2019

This is why, as I said previously, most seed rounds today still have 2–3 institutional investors involved although it’s less likely that all three are equally happy about their allocations in the round. But there wasn’t always a clear lead investor that really rolled up her sleeves to work with a company.

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

Pascal's View

MARCH 10, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: Given recent instances of VC-backed company fraud and questions about the management team, how can institutional investors protect themselves from key person risk? Will they work 24/7 to get the job done?

Government 28

Government Technical Review Due Diligence Institutional Investors 28

OnlyOnce

JULY 13, 2017

I have a lot of institutional investors in our cap table at Return Path. One was from one of our institutional investors, sharing guidelines and timetables for doing CEO reviews across its portfolio. But regardless, it is good to set the tone for a portfolio that feedback is a gift, in all directions.

Institutional Investors 48

Institutional Investors Cap Table Portfolio .Net 48

Agile VC

OCTOBER 29, 2014

Some VC firms have eschewed taking direct investments from public pension funds, as state laws now sometimes require these pension funds to publicly disclose information about their investments that VCs consider sensitive, confidential info, like fund-level returns or individual companies in the portfolio. Endowments. new buildings, etc).

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

Rob Go

JANUARY 7, 2013

This is why I’ve made a habit of profiling our portfolio quantitatively and why we write summaries announcing pretty much all of our new investments. So, here is our annual quantitative summary of our portfolio. A Stroll Through Our Portfolio. It’s harder to articulate strict criteria. This isn’t a quota.

Portfolio 49

Portfolio Seed Stage Cofounder B2B 49

Austin Startup

JUNE 14, 2017

build their portfolios: (A) being actually good (objectively) at their service, and (B) building relationships and generating referrals from those relationships. There are, broadly speaking, 2 ways (not mutually exclusive) in which service providers (venture capitalists, lawyers, accelerators, accountants, advisors, etc.)

Silicon Valley 48

Silicon Valley Houston San Antonio Austin 48

Women Entrepreneurs Can

JUNE 11, 2021

Stock markets are a common platform where individual and institutional investors come together to buy and sell shares. With minimal risk and critical savings, you can start your portfolio investment. What Is Portfolio Investment? The power of taking risks and the time frame are the key elements determining the portfolio.

Stock 52

Stock Securities and Exchange Commission Portfolio Dividend 52

View from Seed

OCTOBER 22, 2015

We have invested in building a platform to benefit our portfolio even though we are smaller and younger than many other venture funds. – We are seed investors. – We are seed investors. And hopefully up-and-to-the-right motion as we are obsessed with helping our portfolio companies achieve just that.

Seed Stage 120

Seed Stage Startup Portfolio Institutional Investors 120

Hunter Walker

JUNE 29, 2014

I’m suprised how many founders – even multiple time entrepreneurs – are unfamiliar with the institutional investors that back most of the major venture funds. At Homebrew’s first annual meeting this past spring we invited founders and fund advisors to a dinner with our four major LPs.

Founder 99

Founder Institutional Investors Silicon Valley Portfolio 99

The Next Web

SEPTEMBER 13, 2013

The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. Asia has far fewer VC firms and institutional investors, each of which invests a far smaller amount of capital.

Asia 132

Asia Silicon Valley India Term Sheet 132

YoungUpstarts

FEBRUARY 13, 2017

However, the rise of online brokerage platforms is already leveling the ground between the average individual investors and the billion-dollar institution investors. The unique selling point of online brokerages lies in their ability to provide regular investors with low-cost access to a wide-range of financial products.

Investment Bankers 113

Investment Bankers Marketing Startup Institutional Investors 113

David Teten

JULY 12, 2017

When I meet with other VCs, family offices, and other institutional investors, the most common question I get is: “What are the highest-potential companies in your portfolio which are raising now?” If I can reduce a portfolio company’s time burden, I create value for them. Fundraising is burdensome.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

thebarefootvc

MAY 6, 2020

As investors try to navigate the COVID-19 world, they’re taking a hard look at their portfolios and solving for the new normal. In the midst of highly volatile traditional financial markets, savvy investors are searching for new avenues for not only higher returns, but the best risk-adjusted ones as well.

Zimbabwe 59

Zimbabwe Venezuela Argentina Institutional Investors 59

Austin Startup

APRIL 1, 2018

Although we can and should agree that cashews are better than almonds, the main point is that professional investors are competing each other away into riskier and riskier types of assets. Institutional investors can’t just not invest at all. I was recently asked at a conference how I thought about portfolio construction.

Institutional Investors 48

Institutional Investors LP Portfolio Valuation 48

David Teten

JULY 11, 2019

These are designed to allow an institutional investor to invest followon rounds in existing portfolio companies. When they saw a chance to raise a larger fund, most of them did so. 3) Raise a separate “overlay” fund (also known as “sidecar”, “overlay”, or “bolt-on funds”).

Syndicate 60

Syndicate Syndication Institutional Investors Dilution 60

David Teten

APRIL 22, 2013

I couldn’t be more excited to share that one of our portfolio companies, Ionic Security (formerly Social Fortress), has raised $9.4 ff VC became the only and first institutional investor and I joined the company’s board in May.

Venture Capital 114

Venture Capital Security Operations Atlanta 114

Austin Startup

AUGUST 1, 2017

The binary “get yacht-level rich or die trying” mindset is driven, first and foremost, by large institutional investors. Success for institutional VCs is driven not by absolute dollars returned, but by % returns on capital. Understand the tension between “Portfolio” v. One Shot” incentives.

Liquidation Preference 48

Liquidation Preference Common Stock Valuation Silicon Valley 48

The Equity Kicker

FEBRUARY 9, 2016

The consensus is definitely negative, but one thing that has buoyed my optimism about the prospects for our portfolio is the number of new funds raised in London recently. He also surveyed 72 institutional investors in VC funds who said they think they will maintain their rate of commitments to new funds this year.

Marketing 60

Marketing Institutional Investors Venture Capital Later Stage 60

The Startup Magazine

FEBRUARY 6, 2020

The buyers (or lessees) in these transactions are pension funds, insurance companies, or private equity representing other institutions. Investors seek returns of ~10-15% that are predictable, secure, uncorrelated to other asset classes, and inflation adjusted. Capital Solutions.

Private Equity 129

Private Equity New York City Chicago Investment Bankers 129

Hunter Walker

JUNE 21, 2014

Come B Rounds and beyond, the amount we’d need to contribute to maintain ownership would likely be too large to responsibly commit from a $35m fund because it would overweight the portfolio towards that one company.

Institutional Investors 91

Institutional Investors Dilution Later Stage Portfolio 91