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Why LP’s Passed on Seed Funds 10 Years Ago (And What’s Happened Since)

View from Seed

First, the winners in most portfolios don’t often have a true recap round. In turn, some funds have a more friendly posture towards us and try to structure deals that incentive syndicate investors in a way that doesn’t massively disadvantage the seed investors. There are a few reasons. I think this is a real issue.

Dilution 399
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VCs eating our own dog food: Using technology and analytics to make better investments

David Teten

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. They read reviews of the products of target investments.

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Where are the Deals? How VCs Identify the Next Generation of Startups

David Teten

Similarly, my research on venture capital portfolio operations found that Portfolio Operator VCs such as Andreesen Horowitz , First Round Capital , ff Venture Capital , and Google Ventures are hiring unusually large teams and structuring them in traditional pyramids. Notes: Only for IT & related sectors.

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How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood

David Teten

Even for later-stage companies with predictable financials, the lack of liquidity, audited financials, and standardized metrics creates real challenges to scaling quantitative investing. Later stage investors are using private company marketplace services focused on more established companies, listed below under “Exit Investments”.

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The Twenty Year Itch: My Last VC Investment Out of Brooklyn Bridge Ventures

This is going to be BIG.

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.

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The Opportunity / Growth Fund Trend

Feld Thoughts

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies.

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Get Ready For Q115 Fundraising Insanity

Feld Thoughts

The number of large, “later stage” financings are remarkable – both in size and velocity. The number of companies I’ve heard of (mostly outside our portfolio) who are “getting ready to raise money in Q1″ is a very long list. We had several close last month and have some more in process.