David Teten

JANUARY 23, 2021

I’ve been fortunate to be a Partner at two different VC firms over the past 9 years, and we’ve grown AUM 10X both times. Build the firm as much as possible before you solicit limited partners. . The next best move is to build your core team, e.g., recruit an Advisory Board, Venture Partners, and EIRs.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. In liquid markets, most of the calories expended on technology and analytics are focused on trade selection, or “ origination ”. In the private equity universe, most Partners have primary training as deal-makers, not as managers. 2) Market . 1) Manage the firm .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

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. I suspect those days will end soon, and 61% of LPs polled said they felt VCs were coming back to market too quickly.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

Austin Startup

AUGUST 18, 2017

This strategy of portfolio composition is known as “venture capital economics”. Big returns on a few investments in the portfolio drive the returns for the whole portfolio. Limited partners, who commit capital to venture funds, have to commit for 7–13 years. This model has other problems.

Venture Capital 54

Venture Capital Marketing Technical Review Portfolio 54

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Partners leave the industry. VC will shrink.

LP 311

LP Technical Review Early Stage Silicon Valley 311

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

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.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Haystack

JANUARY 2, 2020

On top of this, technology is no longer a vertical sector — it is entirely horizontal and spreading outward into global markets and new industries. On the other hand, those portfolios may not catch lower prices in certain vintages or potentially be investing so quickly, the bar for what makes an investment could go down.

Portfolio 76

Portfolio Venture Capital Vertical Limited Partner 76

Steve Blank

MARCH 16, 2016

VC’s raise money from their investors (limited partners like pension funds) and then spread their risk by investing in a number of startups (called a portfolio). BTW, Angel investors do not have limited partners, and often invest for reasons other than just for financial gain (e.g., The Deal With the Devil.

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Venture Capital 120

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Based on this paper, Blue Future Partners and PEVCTech recently completed a large-scale survey to find out which tools are most commonly used by venture capital firms.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Both Sides of the Table

JULY 23, 2014

15 years ago we were at the peak of Internet hype with the launch of many over-capitalized businesses with a market size & opportunity was limited. The VC market has right-sized (returned back to mid 90′s levels & less competition). But markets value high growth over short-term profitability.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

David Teten

AUGUST 19, 2019

In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. We’re also regularly following-on for existing portfolio companies.”. The following information is based on companies funded by us and/or our capital partners: The average most recent monthly revenue is $331,229.

Revenue 60

Revenue Technical Review Software Review Equity 60

Hearpreneur

NOVEMBER 24, 2018

eld of marketing and sales for Ciba- Geigy Pharmaceuticals before co-founding Noven Pharmaceuticals in 1986. Sablotsky continued her professional career as Vice-President of Portfolio Development for Jacobs Investments, LLC. Make sure that your idea is innovative and has great market potential. Tell us your story.

Founder 91

Founder Miami Cofounder 91

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

OCTOBER 12, 2014

Prorata rights are one of the most important rights of a private market technology investors and yet are seldom fully understood. A first or second-time fund has an easier time fund raising when they can show a few 4-8x’s in their portfolio than if they always average up. And sometimes they take part of their prorata right.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

thebarefootvc

JULY 3, 2017

Limited partners (LPs), who manage the capital that gets deployed into venture capital funds, can play an important role in diversifying the funding landscape. Limited partners are pension funds, university endowments, funds of funds (who get their money from pension funds), family offices and foundations.

LP 65

LP Technical Review Silicon Valley Limited Partner 65

Growthink Blog

MAY 14, 2014

Here’s why: Market Efficiency. The result has been a “regression to the mean” - with alpha performance by fund managers being driven as much by randomness and luck (as it has been with public market mutual funds for decades) as by coherent design. To Your Success, P.S. Like to learn how to apply these principles to your portfolio?

Venture Capital 101

Venture Capital Disintermediation Technical Review Term Sheet 101

Both Sides of the Table

APRIL 2, 2010

And funds also have investments from the partners of the firm. Some wait 5-7 years but usually this is because it’s proving more difficult to raise a new fund due to market conditions or the lack of returns in their current fund. We also took one of our large portfolio companies, Ulta, public.

Venture Capital 269

Venture Capital Balance Sheet Early Stage Software Review 269

ReadWriteStart

JULY 19, 2023

Focusing on enterprise SaaS companies and immigrant founders, Karsybaev and Nurgozhin created a fund to provide financial support, mentorship, and guidance to startups in their portfolios. They wrote small checks, mainly for enterprise SaaS companies, to build their portfolio.

Kazakhstan 92

Kazakhstan Montana Venture Capital Miami 92

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Of the Inc. 5000 companies, only 6.5%

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

JANUARY 11, 2020

The challenge is that my time and money budget for “influencing”–content creation and marketing– is minimal. Also, since I’m not trying to be a full-time marketer, I can’t use some of the standard celebrity techniques. They’re taking a $1m check from me, or giving $5m to me as a limited partner. Tech stack.

Social Media 60

Social Media Technical Review Media Private Equity 60

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

VC Cafe

MAY 18, 2023

Look beyond the spreadsheet and into the team, the product, and the market. Thou Shalt Not Bear False Witness Against Thy Portfolio : Be honest about the performance of your investments. Every portfolio has its winners and losers, and that’s okay. They are the ones in the trenches every day.

Venture Capital 78

Venture Capital Due Diligence Exit Strategy Deal Flow 78

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. One dimension is a pretty firm belief that starting financial services companies should not be as hard as it is, and that there is demand in the market for yet another venture fund focused on functionally day-zero companies in financial services.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Both Sides of the Table

JANUARY 16, 2012

I’ve raised in boom markets and when everybody thought the Internet was a fraud. And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). Partners make investment decisions. Of course much of it is conflicting. Meet in person.

Developer 366

Developer Silicon Valley PR Las Vegas 366

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

BeyondVC

JANUARY 5, 2022

With COVID raging at the beginning and end of the year, it is all the more amazing what our portfolio companies have accomplished the last twelve months. We are truly to our founders, limited partners, co-investors, and friends for another year of growth and learning. 1/ We started @boldstartvc in 2010 w/ $1m.

Stealth 78

Stealth Cofounder SQL Open Source 78

VC Cafe

JANUARY 15, 2024

With the IPO window closed, growth funding severely dwindled and multiples down as a result of the public market, unicorns face tough choices in 2024. There’s been a process of ‘right sizing’ in venture and many growth investors played it safe and waited for the market to bottom out.

IPO 88

IPO Valuation Private Equity 88

Both Sides of the Table

FEBRUARY 6, 2019

Yes, VC / Startup Funding is up Massively If you look at how much VC firms have raised from Limited Partners (LPs) over the past 2 decades you’ll see that we’ve returned to a level that we haven’t seen since 1999. Companies are raising billions of dollars in the private markets and the valuations are enormous PRIOR to the IPO.

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

Both Sides of the Table

MARCH 6, 2017

Every year Upfront Ventures surveys Limited Partners (LPs) who are the main source of capital that invests in VC funds and thus the main source of capital that goes to startups to get an early-warning sense of the year ahead, leaving aside any Black Swans. Here is the entire survey, which can also be downloaded and shared.

LP 286

LP Silicon Valley Venture Capital Startup 286

Steve Blank

FEBRUARY 3, 2011

I’d known them for years, they were smart, trying to figure out the video game market with me, (in hindsight a business that none of us knew anything about and shouldn’t have been in ,) coached me when needed, etc. But while I was just seeing a single board member, I was just one of twenty companies in their current fund portfolio.

San Francisco 331

San Francisco Silicon Valley Limited Partner Venture Capital 331

David Teten

AUGUST 18, 2017

Your company typically has seven layers of content marketing. What content do you use in marketing your firm? Your company (or your fund, if you’re a VC) typically has a 7-layer stack of marketing content. To the maximum extent possible, in our marketing materials and Linkedin profiles, we ban adjectives. Email templates.

Due Diligence 60

Due Diligence Marketing Reputation Social Media 60

Steve Blank

JULY 2, 2009

As Peter began to speak extemporaneously our mouths slowly fell open as he described the video game market, its size, its demographics, the state of the technology, and the state of games. He took us through a day (and a night) of a hardcore gamer and told us about the new class of CD-ROM based game machines about to hit the market.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

Agile VC

DECEMBER 19, 2013

In addition, investing in startup tech companies turns out to provide only a modest level of diversification… angel investments tend to form a high beta portfolio, with reasonably close correlations to public equity markets. ” But as an angel one can overweight this factor.

Angel Investor 265

Angel Investor Early Stage Syndicate Syndication 265

The Startup Magazine

MARCH 22, 2019

Investment firms are staffed with analysts, partners, and others to ensure deals are soundly vetted. Venture capitalists act as limited partners, providing help to build successful companies in a market they have deemed has potential. Understanding the differences is vital to making the right choice. Investor Involvement.

Angel Investor 122

Angel Investor Venture Capital Accredited Investor Equity 122

Both Sides of the Table

OCTOBER 1, 2009

In my previous post, The VC Ice Age is Thawing (for now) I wrote about the reasons why the VC market came to a screeching halt in September 2008 and remained largely shut until at least April 2009. There are now signs the VC market has gathered pace meaning it’s a great time to be fund raising. This is one book-end of the cycle.

IPO 255

IPO Investment Bankers Venture Capital Marketing 255