Steve Blank

NOVEMBER 7, 2023

Have them tell you how they helped other companies in their portfolio succeed, pitfalls to avoid, and the lobbying resources they can bring to bear. Eventually you’ll need to build an in-house team to manage regulatory affairs. Choose VCs who have experience in operating in regulated markets – not those who hope it stays away.

Washington 271

Washington Government Marketing Silicon Valley 271

Both Sides of the Table

DECEMBER 16, 2014

In case you didn’t know, many VCs target a 3-year investment horizon for a fund and after that the fund mostly does only follow-on investments in companies in that portfolio. In recent years we’ve had big wins across all of our long term partners (Yves: Envestnet), (Steven: TrueCar), (Me: Maker Studios). And daunting.

Las Vegas 396

Las Vegas St. Louis Southern California San Diego 396

This is going to be BIG.

FEBRUARY 23, 2016

You've decided to spread that across Z funds and you hope your portfolio meets some threshold. Either way, VC funds aren't really built around creating much of an experience for their Limited Partners. If you're an institution, you basically care about returns and that's it. For smaller funds, I think this is a real mistake.

Limited Partner 60

Limited Partner Venture Capital Partner LP 60

David Teten

MARCH 14, 2018

First Round Capital’s forum for portfolio executives is a powerful example of a scaleable resource. – Build out low-cost force multipliers such as scouts , Advisors, Entrepreneurs in Residence, Venture Partners, and so on. – Provide hands-on operational support for portfolio companies.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

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

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. Here’s my take: 1.

LP 311

LP Technical Review Early Stage Silicon Valley 311

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

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

Both Sides of the Table

OCTOBER 12, 2014

It’s why I often advise angel investors to be careful about assuming that being an angel investor is a profitable exercise unless you have the ability to have a wide-enough portfolio to have a few companies doing extraordinarily well plus deep enough pockets to follow your winners. Why prorata rights are now sought out by LPs.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

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. dollars going directly into portfolio companies vs. the funds themselves).

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

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

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. Some VCs have identified a number of new advantages that distinguish them in the marketplace: – Portfolio acceleration. – Portfolio company diversity.

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. Some VCs have identified a number of new advantages that distinguish them in the marketplace: – Portfolio acceleration. – Portfolio company diversity.

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

VC Cafe

MAY 18, 2023

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. Thou Shalt Love Thy Limited Partners as Thyself : Treat your LPs with respect and transparency.

Venture Capital 78

Venture Capital Due Diligence Exit Strategy Deal Flow 78

Both Sides of the Table

JULY 23, 2014

Limited Partners or LPs (the people who invest into VC funds) have taken notice as 2014 is by all accounts the busiest year for LPs since the Great Recession began. But it still takes VC to scale a business (thus large capital into industry winners like Uber, Airbnb, SnapChat, etc).

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

David Teten

AUGUST 19, 2019

We’re also regularly following-on for existing portfolio companies.”. Feenix Venture Partners : Feenix Venture Partners has a unique investment model that couples investment capital with payment processing services. 10% of Feenix’s portfolio companies have received VC equity prior to their financing. ARR of $500K+.

Revenue 60

Revenue Technical Review Software Review Equity 60

David Teten

SEPTEMBER 6, 2015

Her work included heading Nokia’s location-based services business and app portfolio for emerging markets, which she built from a back-of-a-napkin idea to a 100-person organization with over 10 million users. They act in the interest of their portfolio companies like any investor would.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Both Sides of the Table

APRIL 2, 2010

What will matter are: whether the people who invest in VC funds (LPs or Limited Partners) increase their activity and the performance of that actual fund. We also took one of our large portfolio companies, Ulta, public. What the LPs will be looking for are VCs with enough “exits&# to prove that they can make returns.

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. I’ll also continue to work within the NYC tech community—now thriving at a level I could hardly have imagined when I first got the pitch deck for USV’s first fund as a Limited Partner at the GM pension fund.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

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

David Teten

JANUARY 11, 2020

They’re taking a $1m check from me, or giving $5m to me as a limited partner. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc. High-potential prospective employees of portfolio companies. Crunchbase.

Social Media 60

Social Media Technical Review Media Private Equity 60

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. If you want the whole deck you can find it on SlideShare but I’ve written up a short summary with commentary below.

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

The Startup Magazine

MARCH 22, 2019

Venture capitalists act as limited partners, providing help to build successful companies in a market they have deemed has potential. Venture capitalists are often trusted advisors to entrepreneurs and use their connections to build a customer base or help the businesses in their portfolio overcome obstacles.

Angel Investor 123

Angel Investor Venture Capital Accredited Investor Equity 123

Babbling VC

OCTOBER 3, 2011

For those of you not in the know, they are one of the largest limited partners ( LP's : investors in venture capital funds) in Europe and are basically in almost all the funds throughout the market. Hypothesis 3: Insufficient diversification in European VC managers’ portfolios .

LP 82

LP Europe Germany Venture Capital 82

K9 Ventures

JULY 19, 2012

Four of the portfolio companies have had successful exits: CardMunch was acquired by LinkedIn , BackType was acquired by Twitter , IndexTank was acquired by LinkedIn , and just this week, card.io An even bigger thank you goes out to all the limited partners of the first K9 Ventures fund for taking the leap of faith before anyone else.

Technology 132

Technology Seed Stage San Francisco Limited Partner 132

K9 Ventures

JULY 19, 2012

Four of the portfolio companies have had successful exits: CardMunch was acquired by LinkedIn , BackType was acquired by Twitter , IndexTank was acquired by LinkedIn , and just this week, card.io An even bigger thank you goes out to all the limited partners of the first K9 Ventures fund for taking the leap of faith before anyone else.

Technology 132

Technology Seed Stage San Francisco Limited Partner 132

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. totally passive strategy won’t teach you much).

Angel Investor 265

Angel Investor Early Stage Syndicate Syndication 265

David Teten

DECEMBER 3, 2019

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. Cobalt for General Partners helps GPs to optimize their fundraising strategy.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Gust

MAY 10, 2014

If you mean someone investing mostly other people’s money through a seed fund, they are venture capitalists, and their days are spent like other VCs, meeting with prospective investments, mentoring portfolio companies, raising money from limited partners, negotiating deals, and so forth.

Angel Investor 132

Angel Investor Accredited Investor Limited Partner Portfolio 132

K9 Ventures

AUGUST 14, 2017

The small and concentrated portfolio means that K9’s interests are always well aligned with the interests of founders who choose to work with us. I’m grateful to have had the opportunity to work with some absolutely amazing founders in the K9 portfolio and look forward to the many more amazing founders that K9 will get to partner with.

Technology 96

Technology LP San Francisco Portfolio 96

Both Sides of the Table

SEPTEMBER 28, 2011

I spend tons of time each day on portfolio company issues. I spent a late morning meeting with a product exec at one portfolio company. I spent time talking with 2 senior execs who are separately joining two of my portfolio companies. We call these investors “LPs” for limited partners. Marketing.

Email 314

Email Product Term Sheet Portfolio 314

David Teten

JANUARY 19, 2021

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. We detail below the major categories of VC: VENTURE CAPITAL TYPOLOGY.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

FEBRUARY 7, 2012

Although any given early-stage company is quite risky, when aggregated across a large portfolio, returns are very attractive. From the point of view of a limited partner, the great challenge is scaling the business. We have eight full-time employees and 5,000 square feet of office space to help our portfolio companies.

Early Stage 148

Early Stage Private Equity Portfolio Aggregator 148

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?” We see our potential coinvestors in four primary buckets: 1) HOF Capital ’s own limited partners. Fundraising is burdensome.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

Pascal's View

MARCH 8, 2010

It’s that time of the year again– time to send out audited financial statements and K-1’s to your limited partners– which means it’s also a great time to address some of the common questions that investors raise about VC partnership governance and disclosure issues. entitled to receive from a VC fund?

Limited Partner 28

Limited Partner Government Delaware LP 28

Mucker Lab

MARCH 8, 2016

Just as entrepreneurs should aspire to raise capital from value-added, “smart money” investors, we, too, have focused on partnering with committed, long-term, institutional limited partners (LPs). With a well-capitalized fund, great LPs, and a solid portfolio, we are privileged to continue serving exceptional entrepreneurs.

Burn Rate 60

Burn Rate Limited Partner Bootstrapping Portfolio 60

David Teten

JANUARY 23, 2021

Build the firm as much as possible before you solicit limited partners. . Your materials should ideally meet the expectations of the Institutional Limited Partners Association, even if you’re not targeting institutions. Note that limited partners view formatting as a proxy for professionalism.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78