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The Changing Structure of the VC Industry

Both Sides of the Table

The rise of “micro VCs” or seed-stage funds. At the other end of the spectrum large funds have gotten even larger in the past few years which has massively increased the amount of consolidation in our industry as 66% of LP money into venture is now concentrated in late-stage or full-cycle VCs. Why is this?

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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

But VC is an “illiquid asset&# so funds didn’t disappear quickly - In 2000/01 the stock market quickly adjusted punishing investors in the NASDAQ and in individual public technology stocks. So as of 2008 total LP commitments were still at nearly $250 billion. So the people who invest in VC funds have two problems.

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Does Your VC have an Investment Thesis, or a Hypothesis?

David Teten

A typical VC thesis: “we invest in tech startups in Europe at an early stage” However, our experience shows that in many cases: . “Tech” means B2B Saas/Fintech or Consumer apps. Technical” Companies (i.e. any mention of a focus on tech companies). Technical founders . Occurrences.

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What Do LPs Think of the Venture Capital Markets for 2016?

Both Sides of the Table

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.

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What’s Your VC Tech Stack? Results from a Survey of Early-Stage VC Funds

David Teten

VCs are at the forefront of technological disruption, funding many of the latest cutting edge productivity tools. Clint Korver, Partner at Ulu Ventures , remarked: “I’d compare this technology transformation as akin to what happened in public company investing. But what tools are they using themselves to automate their own processes?

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Kindred Spirits – Our Investment In Founder Collective

Feld Thoughts

From those founders, we are aware that FC takes their mission “to be the most aligned fund to founders at the seed stage” very seriously. Not only are the downsides of overcapitalization problematic for founders, but FC also examined overcapitalization in upside scenarios by studying the data from the last five years of tech IPOs.

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The Authoritative Guide to Prorata Rights

Both Sides of the Table

Prorata rights are one of the most important rights of a private market technology investors and yet are seldom fully understood. They often create the biggest tensions between investors who are investing at different stages in the business. Because tech companies are getting bigger more quickly than at any time in history.