Both Sides of the Table

OCTOBER 26, 2020

I called an (ex) LP to tell him about her and my goals for her. Venture capital is about backing the leaders of tomorrow who imagine the world as it should be and aren’t constrained by what it is today. She has an amazing ethical compass with heart, compassion and drive. I remember years ago trying to recruit Kara.

Partner 361

Partner Management Cofounder San Francisco 361

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

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. The only problem that faces startup investors now is how to mine this new data layer efficiently to increase returns.”. But we’re doing it slowly.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

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. The post The LP Opportunity to Change Tech Culture appeared first on The Barefoot VC.

LP 65

LP Technical Review Silicon Valley Limited Partner 65

Both Sides of the Table

JUNE 29, 2014

It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” I saved it mostly for LP discussions that I had over the past year. Startup Lessons'

Venture Capital 362

Venture Capital IPO LP Jordan 362

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

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

David Teten

MAY 20, 2016

My colleague Sebastian Soler, software engineer at ff Venture Capital, is leading the launch of a new Meetup with me. I’ve also made significant engineering contributions to our two other platforms, Admin (back-end portal for our data team) and Access (LP dashboard). I asked him to write a guest post: Hi!

Private Equity 113

Private Equity Equity Cap Table Venture Capital 113

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

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). The overall trends in our industry have breathed a new life into the venture capital industry. Why is this? and hasn’t abated.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

JULY 16, 2010

Consumers pulled their money out of these risky investments, but when LPs make commitments to VC funds they make 10-year, legally binding commitments. So as of 2008 total LP commitments were still at nearly $250 billion. I was at dinner with a large LP and mentioned that I had heard the industry would shrink by 50%.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Feld Thoughts

MARCH 27, 2018

Now that we are 13 years into the accelerator journey, an accelerator is a well-established construct that is part of the global startup ecosystem. I was asked if any existed the other day by an LP, so following is a list of papers I am familiar with. Accelerating Startups: The Seed Accelerator Phenomenon , Hochberg and Cohen, 3/14.

LP 106

LP Incubator Venture Capital Technical Review 106

Version One Ventures

JULY 24, 2019

Right now, this is a two- to three-year role where our new team member will learn about the business of venture capital and get the opportunity to work with some really interesting startups. Reporting for our investors, including writing quarterly updates and preparing LP advisory board meetings.

Technical Review 125

Technical Review Advisory Board Due Diligence LP 125

Both Sides of the Table

MAY 23, 2012

Many observers of the venture capital industry have questioned whether its best days are behind it. I have been close to the tech & startup sectors for more than 20 years and I can’t think of a period in which I felt more optimistic about the innovation and value creation I see in front of us.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

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

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. 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. Of the Inc. 5000 companies, only 6.5%

Cofounder 78

Cofounder Technical Review Equity Dividend 78

VC Cafe

JULY 4, 2022

What’s happening in the venture capital world? The WSJ confirmed what we already know: Q2 venture capital investments declined both in size and in valuation. Venture Capital Feels the Stock Market’s Pain, Wall Street Journal. For example, Klarna is rumoured to be raising $650M in fresh capital at $6.5

Venture Capital 167

Venture Capital Valuation Private Equity LP 167

Agile VC

OCTOBER 23, 2012

The VC industry (both the GP part and the LP part) pays attention to the sector’s returns, but the broader tech ecosystem only occasionally tunes in. 2) No Synthetic Alternative – If an LP can’t “buy” VC as an index, could they replicate the returns of an index some other way?

LP 176

LP Accredited Investor Carried Interest Portfolio 176

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

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. Excuse the typos.

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. My latest column for The Kernel. It was published last Thursday.

LP 97

LP Europe Portfolio Private Equity 97

thebarefootvc

FEBRUARY 19, 2014

”, almost exactly 2 years ago to this day at Bloomberg LP’s headquarters in NYC as part of Social Media Week. Facebook is no longer the innovative, nimble startup it once was, and needs to acquire to stay relevant – see the post on Google’s recent acquisition of Nest. You can view the full presentation here.

India 107

India North America Ukraine Silicon Valley 107

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

Both Sides of the Table

MAY 24, 2021

But markets have changed and I think investors, founders and experienced executives who want to join later-stage startups can all benefit from playing the long game. But in the LP world there is an obsession with “top quartile” benchmarking in the near term, which drives skewed incentives for newer VCs to show quick returns.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

Austin Startup

AUGUST 10, 2017

We were roommates at the time and launched two different companies out of a kind-of dumpy apartment: We both went on to raise millions in venture capital and build meaningful businesses in interesting spaces. has about ~40 employees and has raised $9M in venture capital. But we never lost the finance bug. Factom, Inc.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

Version One Ventures

JULY 31, 2018

I often joke that I have gone through the Wertz School of Venture Capital ??. We’re hiring an associate for a two- to three-year role where he/she will learn about the business of venture capital and get the opportunity to work with some really interesting startups. And I am so grateful for this.

Hiring 166

Hiring San Francisco Advisory Board Due Diligence 166

aweissman.com

JULY 31, 2007

Venture Capital. Rarely have I read a more interesting essay about the psychology of venture investing than this piece written by Todd Jaquez - Fissori. skip to main | skip to sidebar. aweissman.com. Maximizing the serendipity around you. Jul 31, 2007.

Venture Capital 20

Venture Capital LP Technical Review Deal Flow 20

K9 Ventures

OCTOBER 21, 2023

As I mentioned in the meeting, I am grateful to the K9 Founders for allowing me to be along for the ride in the companies, and I am also thankful to the K9 LPs for allowing me to do what I love to do: build companies. I present my view of the startup ecosystem in each annual meeting to the LPs.

Seed Stage 80

Seed Stage LP Early Stage Founder 80

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

Version One Ventures

JUNE 3, 2013

The analyst position is a two- to three-year role where you will learn about what the venture capital business is all about and get the chance to work with some interesting startups. Helping with reporting for our investors, including writing quarterly updates and preparing LP advisory board meetings.

Hiring 156

Hiring North America Los Angeles Advisory Board 156

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

The Equity Kicker

OCTOBER 25, 2012

One of the world’s larger investors in venture capital recently shared data with us about the multiples they have made on over 5,000 companies they had stakes in via their LP investments in US VC funds. Disciplined VCs work hard to make sure that they do find a home so they can get the capital back to their investors.

LP 150

LP IRR Venture Capital Naming 150

This is going to be BIG.

NOVEMBER 30, 2011

I've had the privilege of working not only for investors like Josh Kopelman and Fred Wilson, but for an institutional LP that had been invested in venture capital since 1980. Find the best startup CMOs while also branching out to your peer group to learn as a cohort.

LP 115

LP Venture Capital Startup Affiliate 115

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. . See Bessemer Venture Partners’ A comprehensive guide to security for startups. (To see the video above, please click the image, and then click on the Play button.). 2) Market .

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