Both Sides of the Table

SEPTEMBER 22, 2012

I think I’ve read Paul Graham’s post on “ Startup = Growth ” three or four times now. Viewing the article through the lens of a venture capitalist there’s much to agree with under the mantra of “growth!” Eventually a successful startup will grow into a big company. Growth, again.

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

David Teten

SEPTEMBER 23, 2017

Private equity and venture capital investors are copying our sisters in the hedge fund and mutual fund world: we’re trying to automate more of our job. PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Google Ventures (GV). Greylock Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Both Sides of the Table

FEBRUARY 6, 2019

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. Others believe that new business models are emerging that could replace venture capital all together. We’re in a new tech bubble!” some have pronounced. Follow the money.

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

thebarefootvc

JULY 3, 2017

Limited partners (LPs), who manage the capital that gets deployed into venture capital funds, can play an important role in diversifying the funding landscape. They decide which VCs receive capital to invest in entrepreneurs.

LP 65

LP Technical Review Silicon Valley Limited Partner 65

Both Sides of the Table

DECEMBER 7, 2014

I spend a lot of time with startups and thus hear many companies talk about their approach to sales and their interactions with customers. We were talking about raising money from LPs. He was lamenting how much he hated LP meetings and how little he wanted to interact with LPs going forward. Startup Lessons'

Software Review 341

Software Review Customer Technical Review LP 341

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. Partners leave the industry. Here’s my take: 1.

LP 311

LP Technical Review Early Stage Silicon Valley 311

This is going to be BIG.

OCTOBER 5, 2012

Unlike a venture capital firm that states its criteria on its website and has forms, e-mail addresses, etc to encourage outreach, your site does a lot better job of saying "Go away!". The interesting thing is that being connected to wealth isn't necessarily a driver of good venture capital performance--why would it be?

LP 97

LP Venture Capital Technical Review Nebraska 97

Both Sides of the Table

JULY 23, 2014

There has been much discussion in the past few years of the changing structure of the venture capital industry. The rise of alternative sources of capital (crowd funding and the like). But it still takes VC to scale a business (thus large capital into industry winners like Uber, Airbnb, SnapChat, etc). Why is this?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

FEBRUARY 6, 2017

It was only a year ago that many in the Venture Capital industry were predicting that “winter was coming” and to be fair the author of this post was chief amongst them. This past year was also the year that startup boards also got more disciplined about containing burn rates and pushing for companies to be run more pragmatically.

Venture Capital 150

Venture Capital Saudi Arabia Kuwait Burn Rate 150

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. We detail below the major categories of VC: VENTURE CAPITAL TYPOLOGY. Andressen Horowitz,ff Venture Capital,HOF Capital, Sequoia .

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

AUGUST 15, 2013

How can a tech startup engage with a Fortune 500 company for mutual benefit? The chasm between the typical Fortune 500 company and a startup is typically too vast for a standard partnership. I worked with our intern team to look for the Fortune 500 companies making the strongest effort to reach out to the tech startup community.

Startup 114

Startup Technical Support Venture Capital Balance Sheet 114

Both Sides of the Table

FEBRUARY 18, 2017

Union Square Ventures (USV) has been one of the most successful venture capital firms of the past 10–15 years and continues to be a leader in our industry. Lindel is no stranger to thorny venture capital issues — he was arguably amongst the most successful LPs of his generation.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

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. Fundraising / Negotiations Startup Lessons VC Industry'

Technical Review 336

Technical Review Later Stage Early Stage LP 336

The Equity Kicker

MARCH 19, 2012

The LP Update Meeting. I’m just back from our semi-annual update to the LPs in one of our funds, and I thought I would share the experience with you all. As a reminder, LPs, or limited partners, are the investors in venture capital funds. It was published last Thursday. Manager update.

LP 97

LP Europe Portfolio Private Equity 97

Version One Ventures

JULY 31, 2018

I often joke that I have gone through the Wertz School of Venture Capital ??. As a result, we are now a strong partnership of two… and while we have the capacity to do more deals with two partners, we also recognize that we could use some support. From Day 1, he was dedicated to my personal and professional development.

Hiring 166

Hiring San Francisco Advisory Board Due Diligence 166

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. We surveyed 73 LP firms to get their views on the market. “This is the year the tortoise may gain on the hare.”

LP 150

LP Valuation Burn Rate Pre-Money Valuation 150

This is going to be BIG.

JULY 30, 2015

One of the first things I did when I joined the venture asset class as a lowly institutional LP analyst in 2001 was to build the VC fund cashflow model. You incorporate expected company returns, mortality rates, and fee structures to try to predict how a venture capital fund works from a cash in, cash out, and NAV standpoint.

Venture Capital 60

Venture Capital Pre-Money Valuation IRR Valuation 60

Feld Thoughts

JANUARY 17, 2011

Draper III ) has written a gem called The Startup Game. started Draper Gaither & Anderson , one of the first VC firms on the west coast that coincidentally was the first firm to use a limited partner (LP structure). It’s a mix of practitioner stories with some autobiography mixed in.

LP 129

LP Startup DC Washington 129

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. . But, most of use raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . But in business, you want a lot of partners.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

This is going to be BIG.

SEPTEMBER 19, 2012

It would be months before Foursquare's first round touched off a NYC venture frenzy. I was out trying to save my startup by talking to as many investors as I could. I'm ecstatic to announce that Brooklyn Bridge Ventures has just completed a first close of $3.5 It's the black box of the startup world.

LP 112

LP New York City New York Chad 112

David Teten

JANUARY 21, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. V: Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? Capacity Capital , based in Chattanooga, Tennessee, was launched in 2020 with a primary focus on the Southeast. —– Indie.vc

Equity 78

Equity Revenue Cofounder Colorado 78

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. About Capital Factory Capital Factory is the center of gravity for entrepreneurs in Austin, the number one startup city in the U.S.

Dallas 48

Dallas San Antonio Houston Texas 48

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. Then from the mid 2000s, value add began moving beyond the partner to the firm as VCs began employing people who’s full time job was helping their portfolio.

Portfolio 84

Portfolio LP Venture Capital Partner 84

David Teten

AUGUST 21, 2019

Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? not because of LP objections or moral concerns, but because the pool of potential M&A buyers is greatly limited. RBI capital is normally treated as debt. Remember, VCs are comfortable with the venture debt model already.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Agile VC

JULY 19, 2012

1) Self-Awareness & Humility - These are of course virtues that transcend venture capital or even professional pursuits broadly. This is true not only in a firm’s dealings with entrepreneurs but also with it’s limited partners and even within the firm among its partners.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

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. This led to an explosion in startups. I would put my firm, GRP Partners in with the group working with teams in different ways. I think some will do this.

Venture Capital 296

Venture Capital Software LP Early Stage 296

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Based on this paper, Blue Future Partners and PEVCTech recently completed a large-scale survey to find out which tools are most commonly used by venture capital firms.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 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. If you have a reputation for cutting corners, not treating employees or partners right, it will become very difficult to do business. The Most Important Venture Capital Statistic.

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

thebarefootvc

MARCH 8, 2012

I remember writing a blog post in 2008, post-financial crash, on how the recession was going to re-vitalize the city’s tech startup community, which would eventually help diversify the NYC economy. Startups are not immune to globalization and can accelerate growth if thinking globally from launch.

Silicon Valley 69

Silicon Valley Ghana Venture Capital India 69

Agile VC

OCTOBER 29, 2014

Most folks reading this will know that many startups were built in part with the help of venture capital. However, many folks probably don’t think about exactly where those VC dollars that help fund startups actually come from. So I wanted to dive a little deeper into what I call the startup capital supply chain.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

Growthink Blog

AUGUST 14, 2010

The best articulation of it comes from Basil Peters, a serial technology entrepreneur, co-Founder of Nexus Engineering, former Canada Entrepreneur of the Year, and Managing Partner at 3 venture capital funds – Fundamental Technologies I and II and the BC Advantage Funds. Here's why: You, Mr. or Ms.

Private Equity 67

Private Equity Intellectual Property IPO Venture Capital 67

Both Sides of the Table

AUGUST 24, 2015

But I do have some insight into how this will affect venture markets. I made my calls around to a few firms today to hear how their partner meetings went. So with my portfolio out of whack I need to be cautious about not overly committing to venture funds so I scale back until my denominator is fixed.

Stock 150

Stock Finance Marketing Valuation 150

This is going to be BIG.

JANUARY 12, 2011

Let’s face it: Sales are the bastard stepchild of the startup world. Helping companies make money just isn’t a very interesting goal for a startup these days. I’m even more excited to be working with Chris Fralic, who is the partner on point here for First Round and Theresia Ranzetta from Accel, who joined us in this round.

LP 108

LP New York Sales Web 108

Feld Thoughts

MAY 8, 2012

We’ve made a conscious decision as a firm never to grow – either number of partners or size of fund – so we are limited to the number of new investments we can make a year based on our approach. We don’t expect anything for this other than a role as a typical LP, but we view it as increasing the seed ecosystem.

Seed Stage 138

Seed Stage LP Warrant Syndicate 138

Haystack

JULY 20, 2018

When I began investing a little over five years ago, it felt like the conventional wisdom was that one had to invest in the Bay Area to harvest venture-like returns. Of course, that was not 100% true, with innovative startups and large outcomes occurring in Europe, in Asia, and other parts of the USA.

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

VC Cafe

APRIL 29, 2020

Source: NVCA , “Startup Ecosystem Faces Capital Crunch over Coming Months” USA – SBA Loans and PPP. The $349 billion aid package issued by the US Government and distributed in the form of SBA loans was quickly gobbled up by a large number of applications, many of which were from venture-backed or PE-backed startups.

SBA 124

SBA Technical Review Startup 124

Bryce Dot VC

NOVEMBER 19, 2012

When we set out to raise our first fund in 2005, we began a nearly two year journey involving enormous amounts of educating the market on what a seed fund was and why we felt there was such a compelling opportunity to build a new firm solely focused on this breed of cash efficient startups that make our model work.

Seed Stage 61

Seed Stage LP Incubator Venture Capital 61