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. LPs See The Over-Valuations and Don’t Like It. All isn’t completely rosy in the LP views of the venture industry.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

VC Adventure

MAY 5, 2022

Gone was the J-curve (named because often early fund returns are negative – mostly due to fees that drag down NAV prior to initial company write-ups). Traditionally LPs have viewed this as positive. In fact, many funds have the ability to invest more than 100% of their fund size (via profits generated from investments).

IRR 116

IRR Metrics Valuation LP 116

Haystack

APRIL 27, 2018

Looking back on this, in a way, it’s silly; yet, for seed-stage investors and the founders we back, getting companies from seed to Series A is a really important milestone, a milestone I’ve likened to getting into the graduate school of one’s choice.

Naming 60

Naming Venture Capital Seed Stage Cap Table 60

Agile VC

FEBRUARY 21, 2012

We recently completed the final close of NextView Ventures, LP and we’re excited about both our progress to date and our plans for the future. As many of you know, NextView is a seed-stage VC fund. I co-founded NextView Ventures , a seed-stage VC firm based in Boston, in 2010. February 21, 2012. PMarchetti.

LP 100

LP Seed Stage Silicon Valley Limited Partner 100

K9 Ventures

AUGUST 14, 2017

Enjoy watching… It took the supercomputer Deep Thought (the name seems oddly fitting with the current buzz around Deep Learning!) I believe that fund size is a slippery slope, in which the pressure of having to invest more capital forces venture firms to make investments in increasingly later-stage companies with larger check sizes.

Technology 96

Technology LP San Francisco Portfolio 96

K9 Ventures

OCTOBER 10, 2017

Where did the term Pre-Seed come from? The first time I used the words “pre-seed” (yes, the initial use was in all lower-case, but then became upper-case over time) was on June 27, 2013, at the K9 Ventures LP Meeting. They talk about how deal sizes and stages were changing even back then. Seed rounds were getting bigger.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Feld Thoughts

APRIL 23, 2015

You may recognize Scott’s name – I wrote about him in my post When VCs Don’t B t You. We had a blast together and as we went out to raise our Foundry 2007 fund, Scott made several introductions which resulted in two wonderful, long term LP relationships. That kind of fits with the word Foundry in our name.

Advisory Board 70

Advisory Board Venture Capital LP Seed Stage 70