Both Sides of the Table

JANUARY 30, 2016

We did what many VC funds did – we presented our annual results, we stood up and talked about our portfolio companies, we invited a few to also present and then we had dinner & drinks at some posh restaurant. And of course we put a few portfolio companies on stage each year to present to us and inspire us.

Community 150

Community Los Angeles LP Portfolio 150

Both Sides of the Table

JUNE 27, 2021

When you’ve been playing the game a bit longer or when you have responsibilities at the fund level you start thinking more about “portfolio construction.” They sold 2 years later for $16 million In the financial crisis of 2008 we had a company that had jointly hired lawyers to consider a bankruptcy and also pursued (and achieved!)

Bankruptcy 294

Bankruptcy Bridge Financing Portfolio Angel Investor 294

Both Sides of the Table

MAY 27, 2013

Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. The more they know your strategic objectives the more laterally they can act on your behalf in key situations. VCs crave the ability to help portfolio companies.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

David Teten

MARCH 18, 2021

Investment theses are just hypotheses; the portfolio shows how accurate the hypothesis was. Avataar Ventures invests exclusively in companies which fit these criteria: “$15 Million + in Annual Recurring Revenues; Strong Tech-Led B2B & SaaS Companies; Core Operations in India/ South East Asia; Open to Active Partnering.”

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

ReadWriteStart

AUGUST 26, 2022

How to Scale Unicorns With Partner David Zhang, TVC. Joining us for this episode is our partner David Zhang, Partner at TCV (( Technology Crossover Ventures ). I’m a partner at TCV, which we founded in 1996. I’m sure many of your startups are relatively large companies in the unicorn stage and beyond.

Partner 132

Partner Cofounder Retention Acquisition 132

David Teten

SEPTEMBER 23, 2017

PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Johann Kratzer of Blue Future Partners , a fund of funds, observed, “The majority of the hundreds of funds we’ve diligenced rely predominantly on their relationships to source deals. Greylock Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Both Sides of the Table

MARCH 1, 2016

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market. 68% of LPs surveyed expressed caution that the late-stage part of the market is over-valued.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

Version One Ventures

MARCH 8, 2020

An opportunity fund is basically a separate pool of capital that allows a VC to continue to invest in its most promising portfolio companies once the core funds have exhausted their follow-on reserves. The mandate of the fund is to invest in the most successful companies from Fund I (2012 vintage) and Fund II (2014 vintage).

Later Stage 194

Later Stage Portfolio Finance Partner 194

Feld Thoughts

MARCH 24, 2017

Lindel joined Foundry Group as a partner to lead the fund investing activity of Foundry Group Next. We’ve had the opportunity to work with Founder Collective’s partners – David Frankel, Eric Paley, and Micah Rosenbloom – over the years on several companies. We also know many of the entrepreneurs in their portfolio.

Founder 75

Founder LP Technical Review Seed Stage 75

David Teten

JANUARY 21, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. With a portfolio that includes food, tech, and services, the fund is industry-agnostic and focused on the overlooked and underrepresented with high-margin business models. Of Indie.VC’s portfolio, 60% of investments are not in NY, CA, or MA.

Equity 78

Equity Revenue Cofounder Colorado 78

Austin Startup

MAY 11, 2017

645 Ventures: A New Era of Venture Capital Investing Arena Growth Partners We help great leaders build great businesses. Our unique approach to investing, coupled with a pioneering spirit, provides the vision to guide early stage growth companies beyond today and toward future success. That drives every decision we make.

Private Equity 48

Private Equity Venture Capital Technical Review Seed Stage 48

David Teten

FEBRUARY 3, 2014

The venture capital industry is continuing its evolution from an upside-down pyramid (typically 3-10 Partners, plus some administrative support) to a traditional hierarchical pyramid. Investors with dedicated, large-scale sourcing teams are almost all top-quartile performers across stage, vintage, and sector.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

Steve Blank

JANUARY 22, 2014

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Regional Angel funds that pool investors capital and typically make a one time investment in a startup, sometimes at an early stage but often at a slightly later stage.

Early Stage 286

Early Stage Silicon Valley Oregon Technical Review 286

The Equity Kicker

AUGUST 19, 2015

In the words of an alum from the 2006 cohort: Companies are joining YC at a much later stage. Now that the YC portfolio is worth over $30bn (a number they put on their homepage ) acquihires don’t move the needle. That marks a shift in the YC investment strategy which used to focus on younger businesses.

Later Stage 60

Later Stage Private Equity Venture Capital Valuation 60

David Teten

JANUARY 9, 2018

a “Bitcoin Fund”, a “Social Media Fund”, a “Nanotech Fund”), you’re going to raise capital from Limited Partners who are very focused on Theme X. The importance of reputation is why, for example, Andreessen Horowitz invested early and heavily in their own PR, adding PR guru Margit Wennmachers as a Partner. . – Network.

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

David Teten

JANUARY 9, 2018

a “Bitcoin Fund”, a “Social Media Fund”, a “Nanotech Fund”), you’re going to raise capital from Limited Partners who are very focused on Theme X. The importance of reputation is why, for example, Andreessen Horowitz invested early and heavily in their own PR, adding PR guru Margit Wennmachers as a Partner. . – Network.

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

Both Sides of the Table

APRIL 2, 2010

And funds also have investments from the partners of the firm. For example, my firm, GRP Partners, has a $200 million fund that was closed in March 2009 and we have 4 investment partners. A fund size of $100 million – $200 million is likely to either be an A round investor or “stage agnostic&#.

Venture Capital 269

Venture Capital Balance Sheet Early Stage Software Review 269

This is going to be BIG.

MAY 5, 2023

You can stop making new investments, but it will take years to actually work through your active portfolio companies. Still, I wouldn’t ever have wanted to trade off the pace of deals and the stage that I start with a company to have worked at a later stage fund where capital becomes more of a commodity.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Both Sides of the Table

JUNE 29, 2017

A huge thank you to all of the Limited Partners who have entrusted us with your capital, time and reputations. Upfront’s Base As you probably know we are based in Santa Monica and as my partner Greg Bettinelli coined, we’re #LongLA. We’ll invest in about 15 new companies every year or just over 2 per partner.

Los Angeles 287

Los Angeles Las Vegas Venture Capital San Francisco 287

The Next Web

SEPTEMBER 13, 2013

In India, the leading firms are slightly more concentrated with Sequoia India , Accel Partners , and Nexus Venture Partners being a cut above the rest. The rest of Asia is still developing with far more angel and early-stage investors than mid-to-later stage folks. Golden Gate Ventures , Jungle Ventures , etc.),

Asia 132

Asia Silicon Valley India Term Sheet 132

Startup Lessons Learned

MAY 31, 2019

Scott Kupor is the managing partner at Andreessen Horowitz, where he’s responsible for all operational aspects of running the firm. In fact, it’s quite the opposite - making sure you have the same goals as your financing partner is probably the best thing you can do as an entrepreneur to maximize your chances for success.

Lean 108

Lean Venture Capital Conversion IPO 108

David Teten

SEPTEMBER 6, 2015

She had so much insight to share that we broke the interview into two parts, 1) Corporate Venture Capital and more broadly, 2) How the Fortune 500 Can Buy, Invest and Partner with the Innovation Economy (coming soon). . I recently had a chance to interview Mari Joller , an expert on corporate innovation, on this topic.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

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. We’re backed by Bessemer Venture Partners, Silver Lake Partners, and individual investors like Ron Conway, among others.

New York 114

New York Technical Review Networking Advisory Board 114

Hunter Walker

SEPTEMBER 27, 2021

In some ways it’s ALWAYS to an investor’s benefit to suggest a potential new investment wouldn’t be competitive to an existing portfolio company, and it’s ALWAYS to the current portfolio company’s benefit to suggest it might be. Almost every major VC now has at least an “early stage” and “growth/opportunity” vehicle.

Early Stage 114

Early Stage Cofounder Vertical Portfolio 114

VC Cafe

JULY 5, 2010

To learn more, VC Cafe interviewed Brian Rosenzweig, one of the managing partners in the new fund and the former marketing director at 21Ventures. Ultimately it is up to the Management Team, Advisory Board and Board of Directors to make the investment decisions, manage the capital investments and oversee portfolio company development.

Technical Review 106

Technical Review Software Review Seed Stage 106

View from Seed

DECEMBER 6, 2018

And seed VCs, especially as new firms were being established, were eager to encourage their portfolio startups to plant that flag in the ground publicly. Inbound partners. But in my experience, it rarely fails that press coverage attracts the attention of a potential customer or possible new partner.

Seed Stage 201

Seed Stage Stealth Seed Capital Later Stage 201

Both Sides of the Table

FEBRUARY 18, 2017

Recently the firms two founding partners (and also Managing Partners) —  Fred Wilson and Brad Burnham  — decided to transition management of the firm to Andy Weissman (who joined in 2012) and Albert Wenger (joined in 2008 and writes one of the most thoughtful blogs in our industry ). Lindel Eakman led the discussion with Fred and Andy.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

Both Sides of the Table

JULY 27, 2014

We both agree that the later-stage valuations are being driven up to a point that feels irrationally priced [he uses b-round SaaS valuations as an example and I am willing to be even more broad based]. Scott spoke about the a16z ethos to put more of the fees investors pay into “services” rather than partner pockets.

Valuation 309

Valuation Pre-Money Valuation Later Stage Non-Compete 309

Both Sides of the Table

APRIL 28, 2010

This week’s guest was David Travers from Rustic Canyon Partners. What I found strange about this funded was the fact that it was led by Summit Partners. Investors: Summit Partners (lead), Jeff Clavier, Aydin Senkut, Gary Vaynerchuk. Boku and Zong focus mostly on mobile payments for virtual goods. 4mm in Series A.

Venture Capital 270

Venture Capital Cofounder Spain San Diego 270

Austin Startup

JUNE 27, 2017

Collectively they have $850M in capital in their most recent funds: [link] Both Silverton Partners and LiveOak Venture Partners have filed regulatory documents associated with new fundraising efforts in 2017 so we should all look forward to announcements from them on successfully raising new funds.

Venture Capital 54

Venture Capital Austin Texas Private Equity 54

View from Seed

OCTOBER 22, 2015

We’ve written before on how to research partners , how to pitch the right investor at a given firm, and how to raise seed capital , generally speaking. What I mean is that after a first meeting with a single partner, that partner might say “Great discussion. The ultimate reference is through a portfolio founder.

Term Sheet 120

Term Sheet Due Diligence Seed Stage Seed Capital 120

Both Sides of the Table

MAY 27, 2016

I was speaking recently to the team at NuOrder , an LA-based company we’re an investor in about “realism in startups” — an impromptu talk I have given to any of our portfolio companies who ask. During the Q&A I was asked about how I make investment decisions in early-stage businesses.

Early Stage 254

Early Stage Non-Compete LP Later Stage 254

The Equity Kicker

SEPTEMBER 9, 2014

In the traditionally slow moving world of venture capital they have gone from standing start to raising $4bn across three funds in 5 years – Summit Partners , an older highly successful later stage VC took 15 years to achieve the same feat.

Silicon Valley 125

Silicon Valley Venture Capital Portfolio Later Stage 125

The Equity Kicker

NOVEMBER 22, 2013

I’m stoked that Appear Here , brainchild of Ross Bailey and one of our portfolio companies has raised £1m in funding from a range of strong investors. Howzat Partners led the round with participation from Playfair Capital and a small number of strategic investors from the property industry. Forward Portfolio'

Strategic Investors 94

Strategic Investors Later Stage Portfolio Early Stage 94

Growthink Blog

JUNE 28, 2010

Unfortunately, most individual investors in private equity significantly under-diversify their portfolios -- investing in one or only a handful of companies. Building a Portfolio - Problems With Current Solutions Admittedly, a portfolio approach to private equity is much easier said than done for the individual investor.

Private Equity 63

Private Equity Technical Review Silicon Valley Los Angeles 63

Growthink Blog

JUNE 28, 2010

Unfortunately, most individual investors in private equity significantly under-diversify their portfolios -- investing in one or only a handful of companies. Building a Portfolio - Problems With Current Solutions Admittedly, a portfolio approach to private equity is much easier said than done for the individual investor.

Private Equity 63

Private Equity Technical Review Silicon Valley Los Angeles 63

Genuine VC

MAY 20, 2013

To make money, VCs should aim to have meaningful target ownership in their portfolio investments, but 20% is by no means some kind of magic number. The impact of a single investment on a fund depends on ownership percentage, as well as the fund size and the portfolio size (i.e. And it manifests itself in pernicious ways.

Venture Capital 244

Venture Capital Cap Table Portfolio Early Stage 244