David Teten

MARCH 14, 2018

First Round Capital’s forum for portfolio executives is a powerful example of a scaleable resource. – Build out low-cost force multipliers such as scouts , Advisors, Entrepreneurs in Residence, Venture Partners, and so on. . I’ve listed a few more below which require meaningful startup and ongoing costs.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Steve Blank

SEPTEMBER 5, 2018

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. ” Fire, Ready, Aim.

Lean 335

Lean Burn Rate Startup IPO 335

VC Adventure

FEBRUARY 7, 2019

The number of new venture firms raising their first fund has increased markedly – especially since 2011 (new funds are a good barometer of the growth of the industry, and a leading indicator of job growth in venture capital). Not getting a job in venture may be the best thing that happens to your career.

Venture Capital 103

Venture Capital Seed Stage Angel Groups Portfolio 103

VC Cafe

MAY 29, 2022

Building on my post on ‘ Advice for startups in a downturn (May 2022 edition) ‘, this week I continued to follow with interest the impact of the current correction on startups and venture capital, particularly in early stage. Which Startup Investors Pulled Back The Most So Far In 2022?

Venture Capital 184

Venture Capital Early Stage Valuation Startup 184

YoungUpstarts

AUGUST 25, 2017

Venture Capitalism is changing. Almost synonymous with this startup-focused era, the once indomitable VC investor sector is changing and adapting to deal with the changing nature of entrepreneurship. This has massively incentivized swathes of organizations to start investing in startups and entrepreneurship.

Venture Capital 193

Venture Capital Technical Review Kenya Startup 193

Feld Thoughts

MARCH 24, 2021

Today’s book recommendation, for anyone interested in venture capital, is The Business of Venture Capital: The Art of Raising a Fund, Structuring Investments, Portfolio Management, and Exits by Mahendra Ramsinghani. Startup Boards: Getting the Most Out of Your Board of Directors was released in 2014.

Venture Capital 175

Venture Capital Detroit Michigan Framework 175

David Teten

JANUARY 9, 2018

Some VCs have identified a number of new advantages that distinguish them in the marketplace: – Portfolio acceleration. I saw “ portfolio operations ,” i.e., levers to enhance the operations efficacy of portfolio companies, become a standard part of the private equity toolkit. – Incubating companies.

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

David Teten

JANUARY 9, 2018

Some VCs have identified a number of new advantages that distinguish them in the marketplace: – Portfolio acceleration. I saw “ portfolio operations ,” i.e., levers to enhance the operations efficacy of portfolio companies, become a standard part of the private equity toolkit. – Incubating companies.

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

Gust

NOVEMBER 1, 2011

We recently started a series of posts on establishing the pre-money valuation of pre-revenue startup companies for purposes of investment by seed and startup investors. The Venture Capital Method (VC Method) was first described by Professor Bill Sahlman at Harvard Business School in 1987 in a case study and has been revised since.

Venture Capital 161

Venture Capital Valuation Pre-Money Valuation Post-Money Valuation 161

View from Seed

APRIL 6, 2021

You have a deep desire to learn the venture capital business and are ready to hustle to meet the next great founder. You have an authentic passion for startups and a deep respect for entrepreneurship. NextView is a thematic, seed-stage VC firm focused on the Everyday Economy with $200M+ of committed capital under management.

Technical Review 317

Technical Review Software Review Seed Stage Cofounder 317

David Teten

SEPTEMBER 6, 2015

And they should be; the feeding frenzy in the innovation economy is in some cases because startups are eating the lunch of more established companies. Mari is now building a new venture in human-machine interaction within the Samsung accelerator, currently in stealth mode.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Up and Running

AUGUST 12, 2014

In as much as a scheduled interview with an angel investor can be, talking with Boris about what it takes to spark the interest of a venture capital firm was a coincidence. Or, were they a sign that things were indeed changing, and if so, what was changing to lead to a rise in women founding startups or in investors funding women?

Venture Capital 90

Venture Capital Founder Angel Investor Portfolio 90

Up and Running

MARCH 11, 2015

Fortunately, many of the top VCs share their thoughts on their blogs and are full of advice for startups, both big and small. Inside the Minds of Top Venture Capitalists: Blogs You Need to Read to Understand How VCs Think. Eric Ries of The Lean Startup has called Andrew Chen’s blog “one of the best entrepreneurship blogs of all time.”

Venture Capital 60

Venture Capital Technical Review Silicon Valley Cofounder 60

Both Sides of the Table

OCTOBER 26, 2020

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. As an industry we’re not always as good as we could be about our own “creative destruction” to create the tomorrow of venture capital. And all the platform stuff. What’s he doing?

Partner 361

Partner Management Cofounder San Francisco 361

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. 9% (1 / 12). 1) Market fund.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

VC Cafe

AUGUST 11, 2022

A couple of weeks ago I was did a fireside chat with Alon Grinshpoon, founder and CEO of Echo3D , a CDN and CMS for 3D content in the cloud and a Remagine Ventures portfolio company, as part of an entrepreneurial finance MBA class in Tel Aviv University. As the venture capital industry evolves, so do the models for supporting founders.

Founder 187

Founder Term Sheet Cofounder Venture Capital 187

View from Seed

JULY 6, 2020

You have a deep desire to learn the venture capital business and are ready to hustle to meet the next great founder. . You have an authentic passion for startups and a deep respect for entrepreneurship. NextView is a thematic, seed-stage VC firm focused on the Everyday Economy with $200M of committed capital under management.

Technical Review 257

Technical Review Software Review Hiring Seed Stage 257

ReadWriteStart

JUNE 1, 2020

I have often been asked about Startup Funding by entrepreneurs. Many myths surround the subject of startup funding. Here is Startup Funding, a Comprehensive Guide for Entrepreneurs. You must have seen a lot of startups giving out promotions, discounts, and incentives at the early phase of their business. Debt investors.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

David Teten

JUNE 14, 2011

I am delighted to announce that I’m joining ff Venture Capital as a Partner. In addition, Michael Yavonditte , CEO of Hashable , is joining as a Venture Partner. Although any given early-stage company is quite risky, when aggregated across a large portfolio, returns are very attractive.

Venture Capital 122

Venture Capital Technical Review Early Stage Portfolio 122

Both Sides of the Table

FEBRUARY 12, 2019

Over the past month a colleague ( Chang Xu ) and I sifted through data on the venture capital industry (as we do every year) and made a bunch of calls to VCs and LPs to confirm our hypotheses. As a result of the IPO window shifting we saw a massive inflow of public-market capital into the latest stages of venture.

Venture Capital 328

Venture Capital Technical Review Seed Stage IPO 328

David Teten

MARCH 28, 2012

Best Practices in Venture Capital Portfolio Company Value Creation. Lowering that failure rate would be highly impactful on venture capitalist returns, if we could figure out how to do it. In an effort to address this, we launched last year a formal study of best practices of VCs in improving portfolio company value.

Portfolio 144

Portfolio Private Equity Venture Capital Early Stage 144

VC Cafe

MAY 18, 2023

I’ve been in the world of startups for 20 years and an investor for the past 10 years, but I don’t pretend to be an expert. In the world of startups and investing, we’re all just explorers, trying not to fall into the next hole in the ground. Every portfolio has its winners and losers, and that’s okay.

Venture Capital 78

Venture Capital Due Diligence Exit Strategy Deal Flow 78

Steve Blank

NOVEMBER 1, 2011

None of that can compare with being the CEO of a startup facing a rapidly diminishing bank account, your best engineer quitting, working until 10pm and rushing to the airport and catching a redeye for a “ Hail Mary ” close of a customer, with your board demanding you do it faster. venture/operating partners to get them into new industries.

Venture Capital 332

Venture Capital Early Stage Technical Review Startup 332

View from Seed

DECEMBER 4, 2019

One or two of the best companies may continue to appreciate, but most of a VC’s portfolio has probably been realized, written off, or has maxed out its value. The longer the portfolio maintains the same value without distributing back cash, the worse the fund’s ultimate IRR. That 10% might start to look more like 12% or 15%.

LP 256

LP IRR Distribution Portfolio 256

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

Both Sides of the Table

SEPTEMBER 15, 2022

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. million, our Seed Funds mostly between $200–300 million and have delivered median ownerships of ~20% from the first check we write into a startup. So it’s about 20%.

Technical Review 416

Technical Review Pre-Money Valuation San Francisco Valuation 416

David Teten

JULY 25, 2017

As I’ve worked to build out HOF Capital ’s portfolio acceleration platform , the #1 question I think about is: how do we scalably support our companies? Many VCs offer (or strive to offer) a bundle of levers and support structures to help their portfolio companies. We have lower AUM, therefore lower management fees.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Steve Blank

APRIL 23, 2014

For decades large companies have gone shopping in Silicon Valley for startups. What can companies learn from others’ failed efforts to integrate startups into large companies? The answer - there are two types of integration strategies, and they depend on where the startup is in its lifecycle. The Innovation Portfolio.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Both Sides of the Table

DECEMBER 16, 2014

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Why do they invest in venture capital? We raised $280 million.

Las Vegas 396

Las Vegas St. Louis Southern California San Diego 396

Startup Professionals Musings

OCTOBER 17, 2022

Venture capitalists (VCs) have long been seen as the top of the pyramid for startup funding sources, but in fact angel investors now fund over twice as many companies, according to a classic Crunchbase article. The cost of entry for tech startups continues to go down. VCs are committed to servicing existing portfolios.

Angel Investor 342

Angel Investor Venture Capital Silicon Valley Portfolio 342

VC Cafe

MARCH 21, 2022

Below is the first landscape of Israeli startups building the Metaverse, which we published last month in Calcalist , which helps explain our view a bit. We mapped over 50 startups that collectively raised more than $3.5 The Israeli startups building the Metaverse (Source: Calcalist / Remagine Ventures ). That’s insane.

Startup 187

Startup Community Social Network Portfolio 187

Startup Professionals Musings

JULY 11, 2021

As an angel investor to startups, I’m still surprised to find entrepreneurs who expect investors to give them money, and assume no strings attached. If the entrepreneur wants total control of their own venture, with no one looking over their shoulder, they should work within the limits of their own resources, a process called bootstrapping.

Term Sheet 433

Term Sheet Advisory Board Liquidation Preference Startup 433

View from Seed

JANUARY 13, 2021

What has happened is that over the last 10 years, the vast majority of successful startups have raised some sort of a seed round prior to a series A. First, the winners in most portfolios don’t often have a true recap round. Are GP’s really believers that this is the best way to invest and multiply capital?

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

VC Cafe

SEPTEMBER 2, 2022

That’s on average the time venture capital investors spend on a pre-seed pitch deck, according to the latest Dropbox/Docsend funding research report. Once you passed the initial filtering criteria, investors are quickly looking for signals that will make your startup standout. 2 and a half minutes.

Technical Review 166

Technical Review Early Stage Cofounder Portfolio 166

Haystack

DECEMBER 29, 2018

It’s that time of year, time to look back and reflect on the most significant storylines in the tech, startup, and VC world. And, with that warning, I offer to you, the big stories in the startup and investing ecosystem of 2018, written in ascending order of importance and magnitude…. 6/ Venture Capital In Expansion Phase.

Technical Review 165

Technical Review Venture Capital Russia China 165

The Startup Magazine

FEBRUARY 11, 2022

On the other side of the spectrum, the idea of finding a unicorn has attracted many investors toward the much riskier venture capital and emerging technologies. Clearlake Capital Group’s role in the investment will be supporting the global leader’s efforts to innovate products, accelerate growth and bolder M&A.

Private Equity 129

Private Equity Equity Technical Review Software Review 129

Startup Professionals Musings

JANUARY 19, 2020

Venture capitalists (VCs) have long been seen as the top of the pyramid for startup funding sources, but in fact angel investors now fund over twice as many companies, according the Crunchbase. The cost of entry for tech startups continues to go down. VCs are committed to servicing existing portfolios.

Angel Investor 314

Angel Investor Venture Capital Silicon Valley Startup 314