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. …But LPs Have Been Putting Out More Money Than They Are Getting Back. LPs See The Over-Valuations and Don’t Like It.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

David Teten

AUGUST 21, 2019

Borchers points out: “Only 50% of our investment activity involves technology-based businesses. There is a huge universe of compelling, growth-focused companies that operate outside of the technology world, and they sometimes don’t get the attention that they deserve from institutional venture equity investors.” .

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Both Sides of the Table

MARCH 3, 2013

In a discussion I had with Fred Wilson at the Invesco LP meeting Fred said the same about the influence of Clayton. He talked about how for centuries education had “no technological core” (meaning it was bound by physical locations) and thus disruption was very difficult. Internationalization of Technology.

Bankruptcy 403

Bankruptcy Offshore Liquidation Preference Balance Sheet 403

abovethecrowd.com

APRIL 20, 2016

In late 2015, many public technology companies saw a significant retrenchment in their share prices primarily as a result of a reduction in valuation multiples. If 1999 was a wet (read liquid) bubble, 2015 was a particularly dry one. In Q1 of 2016 there were zero VC-backed technology IPOs.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40