Both Sides of the Table

DECEMBER 7, 2014

In case you don’t know – as VCs we have have 2 sets of customers: LPs (limited partners) who invest money in our funds and entrepreneurs (who we in turn give money to and help support them in building businesses we hope will be valuable). And that perhaps some of the past actions could also involve mistakes you have made.

Software Review 341

Software Review Customer Technical Review LP 341

Both Sides of the Table

APRIL 2, 2010

This is part of my series on Understanding Venture Capital. 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. Tags: Pitching VCs Raising Venture Capital VC Industry.

Venture Capital 269

Venture Capital Balance Sheet Early Stage Software Review 269

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

Both Sides of the Table

NOVEMBER 9, 2014

Generally speaking in venture capital financings the legal documents will specify that only “major investors” (a threshold set in the agreement – which can be $500,000 investor or more). Does he blog about venture capital and try to advise entrepreneurs? Has written a book on venture capital.

SEC 352

SEC Venture Capital Early Stage Cofounder 352

Both Sides of the Table

OCTOBER 12, 2014

People all across the value chain have taken notice including Limited Partners who are the people who invest in VC funds in the first place. The number of these groups that did “direct” investments in venture capital used to be relatively small.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Both Sides of the Table

AUGUST 25, 2015

Last night I wrote a post about how the fall in the stock market over a 3-day period may affect the venture capital markets. Let me give you the quick summary of what I said yesterday: Public markets affect venture funding. If you’re an entrepreneur or VC who wants somebody else’s view on that you should read it.

Balance Sheet 150

Balance Sheet Valuation Burn Rate Stock 150

Both Sides of the Table

JULY 15, 2010

– I spoke about GRP’s recent exit of Ulta in which we returned $320 million to our limited partners. What advice do you have for people who want to get into venture capital? I talk in the video about the economics of venture capital and how we make money. Great exit. - Don’t.

Southern California 210

Southern California Venture Capital Seed Stage Angel Investor 210

Both Sides of the Table

SEPTEMBER 1, 2016

Scott Kupor of A16Z responded with a comprehensive overview of valuation methodology in a post that while accurate feels more targeted at sophisticated Limited Partners (LPs) who invest in funds. Rolf Winkler wrote a piece in the WSJ about A16Z’s returns in which he says they “lag behind Sequoia, Benchmark and Founders Fund.”

LP 264

LP Jordan Cofounder Limited Partner 264

Both Sides of the Table

FEBRUARY 4, 2016

” There are a lot of data points that one can observer to get a sense of the venture capital markets – both LP fundings into venture and VC financings of startups. Limited Partners (LPs) who invest in VC funds have continued to pour money into venture – with the market returning to pre-recession levels.

LP 150

LP Valuation Burn Rate Pre-Money Valuation 150

Both Sides of the Table

MAY 23, 2010

Often when startups who have raised venture capital need another round of financing they will turn to their existing investors to give them money before raising from outsiders. VC’s money comes from mostly institutional investors called LPs (limited partners). But piers are often counter productive.

Startup 290

Startup Burn Rate Warrant Bankruptcy 290

Both Sides of the Table

OCTOBER 1, 2009

So what is driving the new energy in the remaining venture capital firms when we kept hearing how much the whole industry was “against the ropes?&# … 1. note: there is one rare exception – in 2006 Sevin Rosen declared that Venture Capital was broken and actually returned money to their LPs !

IPO 255

IPO Investment Bankers Venture Capital Marketing 255

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JUNE 29, 2017

I am so proud and humbled to be able to formally announce that Upfront Ventures has raised its 6th venture capital fund in the past 21 years. A huge thank you to all of the Limited Partners who have entrusted us with your capital, time and reputations.

Los Angeles 287

Los Angeles Las Vegas Venture Capital San Francisco 287

Both Sides of the Table

JANUARY 16, 2012

And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). So why would raising venture capital be any different. I now observes the fund raising process as a profession. I’ve tried to make this advice as well-rounded and biased free as I can.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Both Sides of the Table

APRIL 3, 2010

This is part of a series that I’ve been working on called Understanding Venture Capital. As a reminder, VC funds are comprised of money from LP’s (Limited Partners) that include university endowments, pension funds, high-net-worth individuals, insurance companies and large corporations.

Pre-Money Valuation 226

Pre-Money Valuation Venture Capital LP Term Sheet 226

Both Sides of the Table

MARCH 1, 2010

But when I’m looking to invest the dollars that my Limited Partners have entrusted my firm with I’m going with my view. But when I’m looking to invest the dollars that my Limited Partners have entrusted my firm with I’m going with my view. Not so venture capital. I’m happy for others to disagree.

Entrepreneur 321

Entrepreneur Warrant Silicon Valley Early Stage 321

Both Sides of the Table

JANUARY 30, 2016

I wanted to encourage more of our Limited Partner (LPs, or the people who invest in VC funds) to attend our annual meeting in person. I have often spoken publicly about how venture capital is too much of an “individual sport” versus a “team sport.” So I decided to change up our format a bit.

Community 150

Community Los Angeles LP Portfolio 150

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. link] So here are some details (please thank & follow!

LP 286

LP Silicon Valley Venture Capital Startup 286