Steve Blank

JUNE 11, 2013

Who are the partners? In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. How do the fund and the partners make money? What is an IRR? Does our product or service solve a customer problem (product-market fit)? How do we attract, keep and grow customers?

Venture Capital 334

Venture Capital IRR Liquidity Event Business Model 334

Steve Blank

JUNE 11, 2013

Who are the partners? In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. How do the fund and the partners make money? What is an IRR? Does our product or service solve a customer problem (product-market fit)? How do we attract, keep and grow customers?

Venture Capital 226

Venture Capital IRR Liquidity Event Business Model 226

Startup Professionals Musings

JUNE 5, 2016

VCs will be looking for a 10X return on their investment in 3 to 5 years, or 30% annual IRR (Internal Rate of Return). Sending unsolicited business pitches to every Angel and VC investor you can find on the Internet is a waste of your time as well as theirs. How large is the financial return you project?

Angel Investor 120

Angel Investor IRR Valuation Startup 120

Startup Professionals Musings

MAY 9, 2011

David: I’m also a serial entrepreneur who has founded half a dozen companies, including Angelsoft, which provides the underlying Internet infrastructure for most of the world’s organized angel investing ecosystem. My first Internet venture in the early 1990s took about $20 million in venture capital to get to our product launch.

New York 221

New York Accredited Investor Advisory Board IRR 221

Both Sides of the Table

MAY 25, 2013

The better way to think about VC returns is, do the firms consistently beat alternative asset clases on an IRR basis to adjust for the increased risk and lack of liquidity? 33% of the world is on the Internet on average of 3.1 My view … it is my job to be a sparring partner. Here the data is not always kind to VCs.

LP 374

LP Later Stage IRR Term Sheet 374

VC Cafe

JULY 2, 2012

Lots of returns are being made these days, but the latest CalPers report shows dissapointing returns by Israeli VC firms , with an IRR of 3.5%-3.8% Britain’s Apax Partners in cooperation with Baltimore, Maryland’s JMI Equity has purchased the US-Israeli software company Paradigm for $1 billion. FACEBOOK BUYS FACE.COM FOR $100M.

Latvia 109

Latvia Lithuania Russia 109

David Teten

MARCH 2, 2013

See the Techcrunch posts by my Partner John Frankel and Professor Robert Wiltbank , my recent post on the quality of angel returns data , as well as reports from the Silicon Valley Bank and Kauffman Foundation. Partners at smaller funds, by contrast, have to hustle before they can cover their mortgage.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

Professor VC

JANUARY 17, 2008

A partner from the law firm (sponsor, covers the drinks and food) tosses out some softball questions to the panelists, the audience chimes in with Q&A and finally, culminates with the meet and greet where the panelists are flooded with business cards and pitches on the next great thing, which is often very similar to the last great thing.

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

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. The same thing happened to many Internet stocks. LIMITED PARTNERS (LPS).

IPO 40

IPO Term Sheet Silicon Valley Valuation 40