Both Sides of the Table

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. 40% of our deals are done in Los Angeles but 100% of our deals leverage the LA networks we have built for 25 years.

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GRP Announces $200 Million Fund. Rebrands as Upfront Ventures

Both Sides of the Table

But in Los Angeles, Santa Monica is akin to SoMa in San Francisco, Cambridge in the Boston area or Flatiron / Union Square in NYC. Perhaps the biggest piece of new news is that after 17 years of operations we’ve changed our name from GRP Partners to Upfront Ventures. We love all of LA and fund all regions.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. billion (Upfront Ventures was an early Overture backer).

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Why do they invest in venture capital? We raised $280 million.

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How I Got the Monkey Off My Back – Today Was a Good Day

Both Sides of the Table

As a result I didn’t write my first venture capital check until March 2009 – exactly 5 years ago. In 2010 somebody posed the question on Quora, “Is Mark Suster a Successful Venture Capitalist?” That company was Invoca, which just announced a $20 million fund raise led by Accel. 5 years ago.

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How Do I Feel About the Snap IPO Given I Didn’t Invest?

Both Sides of the Table

We are hugely appreciative of their successes because it’s helped grow technology talent in Los Angeles and some time down the line we know the “Snapchat Mafia” will be armed with millions of dollars and fund and create startups all over LA. If you swing at every pitch you’ll end up with a lot more losers.

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What Makes a Successful Startup Community? Is it Possible to Build One Where You Live?

Both Sides of the Table

Recently I wrote a post arguing to make the definition of a Startup more inclusive than that to which Silicon Valley, fueled by Venture Capital return profiles, would sometimes like to attach to the word. It creates recycled capital + 2nd-time entrepreneurs … on steroids. This article originally appeared on TechCrunch.

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