David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. We detail below the major categories of VC: VENTURE CAPITAL TYPOLOGY. FLEXIBLE VC VS. OTHER VENTURE CAPITAL MODELS.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

K9 Ventures

OCTOBER 21, 2023

I describe this to K9 LPs as this is my opinion and feelings based on what I see from my vantage point as a pre-seed/seed stage investor. LPs and GPs should be aware of this dynamic as they make investment decisions.

Seed Stage 80

Seed Stage LP Early Stage Founder 80

Both Sides of the Table

OCTOBER 12, 2014

The number of these groups that did “direct” investments in venture capital used to be relatively small. But with the massive growth of seed funds being raised and the huge value increase of prorata rights many more LPs have stepped in to take their VC (industry term is GP) position.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

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.

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Limited Partner Venture Capital Partner LP 60

Babbling VC

OCTOBER 3, 2011

For those of you not in the know, they are one of the largest limited partners ( LP's : investors in venture capital funds) in Europe and are basically in almost all the funds throughout the market. If you see the new funds which have recently been launched you can tell the LP's are putting their money with former entrepreneurs.

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LP Europe Germany Venture Capital 82

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

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

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

Feld Thoughts

MAY 8, 2012

Yesterday I sent emails out passing on participating in two seed rounds for companies I really like. They had lots of investors trying to invest and each company was competitive with two other seed stage companies we’ve seen in the past 30 days. Finally, we believe strongly in active engagement as a seed investor.

Seed Stage 138

Seed Stage LP Warrant Syndicate 138

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! So, I took it upon myself as a challenge to put together the definitive “ Pre-Seed FAQ.” Where did the term Pre-Seed come from?

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Feld Thoughts

APRIL 23, 2015

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. ” Second, I went through the scale up of the organizational VC firm in the late 1990s at Mobius Venture Capital.

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Advisory Board Venture Capital LP Seed Stage 70

K9 Ventures

AUGUST 14, 2017

K9’s last fund, K9 Ventures II, L.P., It was a conscious decision to maintain the fund size at the same level, despite both market pressure (larger rounds at earlier stages) and demand pressure (lots of LP money entering the stage) to raise a larger fund. was a $40M fund. And yes, I’m presently 42.

Technology 96

Technology LP San Francisco Portfolio 96

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. The LP Community Hasn’t Yet Caught Up. Maybe Micro VCs will get larger and emulate a multiple-partner strategy like True Ventures or First Round Capital.

Venture Capital 296

Venture Capital Software LP Early Stage 296

Bryce Dot VC

NOVEMBER 19, 2012

We’ve been deeply fortunate to have been able to catch the seed stage wave early and work with some of the most dynamic and thoughtful founders in our industry. So many more companies are getting created and raising small amounts of capital to derisk themselves and validate, or disprove, many of their original assumptions.

Seed Stage 61

Seed Stage LP Incubator Venture Capital 61

K9 Ventures

JUNE 18, 2015

Seed Is The New A: What The Seed-Stage Explosion Means For Founders, GPs & LPs. You may also follow me on @Twitter at @ ManuKumar , and for all things @ K9Ventures K9 Ventures is also on Facebook and Google+. And the deck from my talk. Thanks to 500 Startups #PreMoney.

San Francisco 48

San Francisco Seed Stage Founder Video 48

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. I’d expect a similar shift in venture over the next decade or two.”.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Haystack

JULY 20, 2018

Will the next company to raise $100M in financing just poach from decent seed-stage companies and pay triple the amount to lock up talent? Just like Sequoia with their franchise model, or Accel, or the other larger funs, the top-tier venture capital firms have scaled up and out to grab these opportunities.

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

Genuine VC

OCTOBER 11, 2011

Last September I wrote a post outlining my view of the venture capital industry: increasingly evolving like the beer industry as it continues to mature. Large VC firms resemble Budweiser-type macrobrews, competing based on scale and brand with a standardized product across multiple geographies, sectors, and stages.

Venture Capital 150

Venture Capital Seed Stage Entrepreneur LP 150

Hunter Walker

MAY 7, 2015

Last week Homebrew held its second annual LP meeting, coinciding with our second anniversary as a fund. Comparing Notes About Market Trends: Although Homebrew is still young we’ve definitely seen some changes in the seed stage ecosystem since we started in early 2013.

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LP Advisory Board Harvest Seed Stage 48

David Teten

MARCH 18, 2021

of venture capital deals. Those companies have garnered only about 2% of all capital invested. ” In venture capital, the industry- or sector-focused funds specifically disavow diversification: Andreessen Horowitz, which is a generalist as a whole, has launched dedicated funds across Crypto , Bio , and Fintech. .

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

Both Sides of the Table

OCTOBER 18, 2015

There is a lot of uncertainty about the state of the private, high-growth technology markets and the venture capital markets that underpin them. Technology riches yield bumper crops in venture capital with new firms and new largesses – the rewards of LPs rediscovering our asset class. Are LPs to blame?

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IPO Venture Capital LP SEC 150