Genuine VC

SEPTEMBER 7, 2010

As the venture capital space matures, I see a similar pattern emerging. In many ways, the beer market of the 90’s is like the venture market today. The elite top-tier firms have a sustainable competitive advantage with both entrepreneurs (and LPs alike) given brand, a vast network, and self-reinforcing success.

Seed Stage 191

Seed Stage Belgium Differentiation LP 191

This is going to be BIG.

FEBRUARY 23, 2016

You run X amount of capital and Y percentage of that is allocated to venture capital. Rather than see LP interactions as a chore or a burden, new fund managers should see this as an opportunity to extend the community around their fund. LPs could represent meaningful co-investors on deals and great mentors to founders.

Limited Partner 60

Limited Partner Venture Capital Partner LP 60

David Teten

SEPTEMBER 2, 2017

It’s hard enough to get a job at a venture capital or private equity firm; it’s even more complex to join as a Partner. These are many of the steps I went through when I joined HOF Capital. These are many of the steps I went through when I joined HOF Capital. Finally, 15% of the funds require a majority vote. “.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

Version One Ventures

OCTOBER 17, 2018

Having run our own companies, we try to pass on as much of our operations knowledge as possible. As competitive as venture capital often seems, we are incredibly humbled by the amount of support and love we have gotten over the years from our community. And last but not least, we thank our investors, the LPs.

Silicon Valley 127

Silicon Valley North America San Francisco LP 127

Haystack

JUNE 1, 2018

Perhaps because of this success and the unique elbow grease they supply to their portfolio, it was shocking to many to see that one of the storied seed franchises would contract, become its own sole LP, and scale back its operations. Yet for many, it didn’t come as a surprise.

LP 116

LP Global Social Media Portfolio 116

Both Sides of the Table

APRIL 10, 2016

My partner Greg Bettinelli (worth following on Twitter) was recently named by The LA Business Journal as the “ Top deal maker in Los Angeles in Venture Capital.” I joined Upfront Ventures in 2007 and took over as co-Managing Partner in 2011 along with the founder, Yves Sisteron. ” Numero uno.

Los Angeles 150

Los Angeles Early Stage LP Partner 150

Both Sides of the Table

MAY 25, 2013

“I don’t know the exact math, but I hear it again and again: the top 2% of firms generate 98% of the returns in venture capital.” But as an LP you can’t count on that any more than VCs can. The goal of an LP is to get into the top decile. In 2000 our industry had more than $100 billion in LP money.

LP 374

LP Later Stage IRR Term Sheet 374

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . I walk through below how progressive investors are using technology and analytics throughout all of their operations. When I was single, I registered for (a lot of) dating websites.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

K9 Ventures

OCTOBER 12, 2015

I define #PeakVC as the point in time when the maximum amount of $$s are entering the Venture Capital industry. There are simply too many LPs stuffing the VC goose! That is because the venture capital industry operates in cycles. That increases the overall money supply coming in to venture.

Venture Capital 48

Venture Capital Seed Stage LP Valuation 48

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). In the early morning, a show of hands revealed about a 20% LP audience and 80% fund manager group.

LP 60

LP Private Equity Due Diligence Venture Capital 60

The Equity Kicker

JANUARY 11, 2013

I was chatting with a friend last night about the lack of institutional investor (LP) interest in European venture capital as an asset class. We both believe that now is an attractive time to invest in European technology startups and started why we think so differently to most of the people we would like to invest in our funds.

LP 143

LP Europe Institutional Investors Venture Capital 143

Haystack

MAY 5, 2018

The public’s interest in learning more about and participating in venture capital seems to grow more and more each week. In this post, I wanted to briefly break-down the different ways folks can invest today (*assuming they have access to capital — more on that below in a footnote) and benefits & drawbacks of each one.

Salary 76

Salary LP Portfolio Venture Capital 76

Austin Startup

DECEMBER 12, 2017

Cindy Revol, Joe Beard and Anurag Jain from Perot Jain, LP We received a warm welcome from Trey Bowles when we first came to Dallas and there have been many others who have opened their arms to us since. According to Pitchbook, Capital Factory has been the most active investor in Texas since 2013. Ross Perot, Jr., and Anurag Jain.

Dallas 48

Dallas San Antonio Houston Texas 48

David Teten

JANUARY 21, 2021

V: Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? GCVF is pioneering the future of venture capital and high growth startups for all small communities. II: Who are the major Revenue-Based Investing VCs? IV: Should your new VC fund use Revenue-Based Investing?

Equity 78

Equity Revenue Cofounder Colorado 78

The Equity Kicker

JULY 8, 2019

When I started in venture capital in the late 1990s VCs were regularly lambasted for taking long summer holidays and spending too much time on the golf course. This trend accelerated through the emergence of VC and operator blogging in the early 2000s. . The GP-LP structure used by most funds is a brake on innovation here too.

Portfolio 84

Portfolio LP Venture Capital Partner 84

VC Cafe

FEBRUARY 1, 2011

and Vincenzo Morelli (Partner – TPG Capital and Chairman of European Private Equity Roundtable). We will also be hosting panel sessions – featuring eminent industry practitioners – on Emerging Markets, Value Creation, Fundraising and Venture Capital. Fundraising – Attracting capital in an uncertain environment.

Private Equity 79

Private Equity Equity LP Limited Partner 79

Both Sides of the Table

JUNE 29, 2011

Yesterday I wrote Part 1 of the series on the changes to the software industry over the past decade that has led to changes in the venture capital industry itself. Open cloud led by Amazon with their AWS services drove total operating costs down by 90%. The LP Community Hasn’t Yet Caught Up.

Venture Capital 296

Venture Capital Software LP Early Stage 296

David Teten

AUGUST 21, 2019

Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? 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

Professor VC

NOVEMBER 19, 2009

I attended the annual LP meeting for a venture capital firm this week and got into a discussion about the above question. The business environment is much more complex today, and the hopeful entrepreneur need to understand more of the environment in which they will operate. The Most Important Venture Capital Statistic.

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

Hunter Walker

SEPTEMBER 29, 2022

Starting a venture capital blog post with 1970s country music lyrics is pretty uncommon, but so is writing about when and why an investor might choose to sell equity before the company exits. Most of this discussion is about ‘playing offense’ — working towards being a good steward of LP capital and the risk/reward associated with VC.

Venture Capital 122

Venture Capital Cap Table LP Equity 122

Babbling VC

APRIL 22, 2013

I''ve been watching in amusement some recent financings and realized the getting has never been so good when it comes to venture capital. If they don''t get a homerun in the portfolio fast, their fund has no chance of ever raising additional money or even returning money to their LP''s. Again, your chance to squeeze into a deal.

LP 76

LP Venture Capital Portfolio Finance 76

David Teten

JULY 12, 2017

First, a formal definition: According to Capital Dynamics , “Co-investments are direct investments in a company made alongside and on the same terms as a lead [General Partner]. These firms typically have deep, industry-specific operational expertise which validates the investment, and often have relationships with potential early clients.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

Agile VC

OCTOBER 29, 2014

Most folks reading this will know that many startups were built in part with the help of venture capital. A smaller portion of the total capital in the VC ecosystem comes from high net worth individuals. The income these investments generate then help fund the operations of those organizations or capital investment (e.g.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

David Teten

DECEMBER 12, 2017

As a globally focused LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing proprietary solutions or adopting off the shelf tools. But what tools are they using themselves to automate their own processes?

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

The Equity Kicker

JULY 16, 2012

Most VCs (especially those with limited operational marketing experience, or in a few cases, those with too much good fortune with big wins) have no understanding of this. This strategy is called “Niche to Win”. I think this is a really important point and one that is not widely understood.

LP 105

LP Early Stage Valuation Differentiation 105

This is going to be BIG.

JANUARY 9, 2012

Since the DMCA, we’ve basically operated in an environment of “ask forgiveness rather than permission” when it comes to copyright and IP online. “Stopping Piracy” and “Protecting IP” sound like good ideas in theory. It’s an embarrassment, frankly, to our tech community.

IP 131

IP New York LP Internet 131

Haystack

JULY 20, 2018

Fred and his partners Albert, John, Andy, before Brad, now Rebecca have operated headquartered out of New York City, and have invested successfully near home (Esty, MongoDB, Kickstarter), in the Bay Area (Twitter, Coinbase) and in Europe (SoundCloud). The global story is undeniable, but what about what’s going in the USA outside the Bay Area?

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

K9 Ventures

OCTOBER 10, 2017

You see, Dan knows more about venture than most people; and if Dan isn’t aware that “pre-seed is a thing,” then I haven’t done a good enough job of explaining to the world what I and K9 do! Q: What are some Pre-Seed funds operating today? So, I took it upon myself as a challenge to put together the definitive “ Pre-Seed FAQ.”

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

View from Seed

OCTOBER 29, 2014

Most folks reading this will know that many startups were built in part with the help of venture capital. A smaller portion of the total capital in the VC ecosystem comes from high net worth individuals. The income these investments generate then help fund the operations of those organizations or capital investment (e.g.

LP 335

LP Private Equity Institutional Investors Venture Capital 335

Both Sides of the Table

NOVEMBER 15, 2014

I went to see several LP funds in Boston. I’m reminded of LegalZoom who was founded in LA but moved it’s headquarters to Glendale and much of its operations to Austin, Texas. Luckily since then we elected Mayor Eric Garcetti who understands the importance of startups and of technology and venture capital on job creation.

Community 369

Community Silicon Valley Chicago Boston 369

VC Cafe

APRIL 29, 2020

They can get sophisticated financial advice and can access the venture debt market (admittedly not right now but probably again in a couple of months). Many of these businesses operate in the digital realm and have seen limited impact on revenues – some have even seen their revenues explode VC Backed Startups and PPP: Do You Really Need It?

SBA 124

SBA Technical Review Startup 124

Hunter Walker

MAY 7, 2015

Last week Homebrew held its second annual LP meeting, coinciding with our second anniversary as a fund. We ran through five “headlines” about the state of venture capital and articulated which we thought impacted our strategy. 2) Makes Us Smarter: We learn from the questions and conversations with our LPs.

LP 48

LP Advisory Board Harvest Seed Stage 48

David Teten

JUNE 1, 2011

Prestegaard, High Road Capital Parnters. Zubin Avari, Charter Oak Equity LP Christopher A. Sellers may not be as sophisticated in terms of understanding how PE funds think and operate. Charter Oak Equity LP Fee at close Part of management fee Part of carry. Gebelein, Private Equity Growth Advisors LLC Sven A.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

abovethecrowd.com

APRIL 20, 2016

In Silicon Valley boardrooms, where “growth at all costs” had been the mantra for many years, people began to imagine a world where the cost of capital could rise dramatically, and profits could come back in vogue. Competition also has access to capital. Anxiety slowly crept into everyone’s world. 2015 was the exact opposite.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

The Equity Kicker

JANUARY 19, 2016

The root of the problem, I think, is that from the outside venture capital looks easy, especially during bull markets. Moreover, even experienced and successful venture capitalists are investing in companies that look stupid. I’ve seen that happen to angels, entrepreneurs, and corporate VCs. Ergo – investing is easy.

Europe 60

Europe IPO LP Venture Capital 60

Austin Startup

JUNE 26, 2019

With the help of advisors Ada Ryland and Wayne Lopez, we set up data-driven operation to get clarity on what and why we measured?—?and I am also trepidatious about what I see as a risk posed by hyper-capitalistic venture capitalists either missing the opportunity or exploiting it* because of a lack of domain expertise. *A

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

K9 Ventures

NOVEMBER 30, 2008

The business of venture capital is relatively young. The birth of modern-day venture capital (not considering the European monarchs financing explorations and projects as venture capital) can be traced back to American Research and Development, which was started by Georges Doriot. The LP perspective.

IRR 48

IRR Venture Capital LP Early Stage 48