Entrepreneurial Density and Venture Capital
JULY 15, 2013
Two of his latest articles talk about entrepreneurial density and venture capital. The Connection Between Venture Capital and Diverse, Dense Communities. In it, he looked at Venture Capital financing (total dollars and number of deals) on a per-capital basis. High-Tech Challengers to Silicon Valley.
Q316 State of Venture Capital Update With Cooley
NOVEMBER 2, 2016
This quarter they interviewed me as part of it on Quarterly VC Update: Brad Feld on the State of Venture Capital Investing. At the same time, if you are a clearly successful growth company, there is a huge amount of capital available once you’ve reached a point of clear success (often after $20m – $40m has been raised).
A Venture Capital History Perspective From Jack Tankersley
AUGUST 25, 2015
In January, Jerry Neumann wrote a long and detailed analysis of his view of the VC industry in the 1980’s titled Heat Death: Venture Capital in the 1980’s. So contrary to the piece, it wasn’t VC were good at early stage technology, it was that they had newfound capital and a big exit window. Total. 1,250,000. Total.
Something Ventured: The Founding of the Venture Capital Industry
JANUARY 6, 2013
Last night Amy and I watched the movie Something Ventured: Risk, Reward, and the Original Venture Capitalists.
Love and Venture Capital
AUGUST 11, 2016
The post Love and Venture Capital appeared first on Feld Thoughts. Venture Capital fred wilson Jerry Colonna podcast rebootIf you’ve missed me, it’s because I spent a week in Australia. This has easily been the sickest I’ve ever been. first met Fred in the suburbs of Boston at Yoyodyne in 1996.
Book: The Business of Venture Capital
JANUARY 2, 2012
In the fall of 2010 Mahendra Ramsinghani reached out to me by email about a new book he was working on called The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies. Books ramsinghani VC Venture Capital
SEPTEMBER 9, 2015
Venture capitalist Marc Andreessen warned in a tweetstorm that startups with high burn rates would “vaporize.” That word is unicorpse. billion.
The Second Reboot VC Bootcamp
JANUARY 24, 2017
Charlie O’Donnell (Brooklyn Bridge Ventures): The Feminine Will Save Us. David Goldberg (Corigin Ventures): My VC Reboot. Elaine Stead (Blue Sky Ventures): The weeping woman. Venture Capital boot camp jerry colonna reboot VCWhen I left, I had the voices and energy of 25 people in my head.
Capital Is Cheap And Labor Is Expensive
AUGUST 5, 2014
But I think cheap capital is only half of the equation. Capital remains incredibly cheap, so it’s flowing into wages. But
The Ideal Financial Reporting Tempo For A VC-Backed Company
JANUARY 19, 2017
This was an artifact of the last 30 years of venture capital, where VCs often would use the board meeting as the way to primarily engage with the company. Over the past few days, I’ve had a similar conversation about reporting tempo with three different people (2 CFOs and 1 CEO). But I encourage this, or something like this.
Why VCs Should Recycle Their Management Fees
MAY 28, 2014
Understanding what “recycling management fees” means is a fundamental part of understanding the economics of a venture firm.
What’s Happening Today That No One Sees?
JANUARY 2, 2016
” When I go back a decade, we were just making the decision not to raise another Mobius Venture Capital fund.
The Religion of Silicon Valley
APRIL 20, 2015
Venture Capital chris shipley fred wilson marc andreessen religion silicon valley startup communities tech industry There has been a lull in the chanting that “Silicon Valley is the center of the tech universe.” Silicon Valley is a religion, just like Crossfit is a religion. Religion seems to be the one that works.
Are Individual Angel Investors Starting To Get Tapped Out?
SEPTEMBER 10, 2015
blasted out a response by email, which follows. If you are an active angel, I’d love to hear what you think. I’m not seeing much evidence of this – yet … I have seen some of the more prolific angels start to slow down because capital is not recycling as fast as they are putting it out. ” .
FEBRUARY 25, 2016
This happens regularly in M&A deals especially with buyers who are buying thinly capitalized companies or ones who don’t care about their long term reputation. However, what’s notable to me on the investment side is that the retrade is happening up and down the capital stack. Venture Capital investing retrade terms
Venture Deals – Third Edition
OCTOBER 28, 2016
The third edition of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist is going to print and pre-orders are up on Amazon.
The Beginning of the End or the End of the Beginning
AUGUST 10, 2015
Entrepreneurship cycles long term Venture CapitalI was in a conversation last week with a friend who asked “do you think this is the beginning of the end?” Then, earlier today, I was on the phone with one of my favorite lawyers and he made a joke about a deal I’m doing as harkening back to the late 1990s. Dick can be.
Founders – Use Your Down Round To Clean Up Your Cap Table
FEBRUARY 9, 2016
watched, participated, and suffered through every type of creative financing as companies were struggling to raise capital in this time frame. I’ve seen every imaginable type of liquidation preference structure, pay-to-play dynamic, preferred return, ratchet, share/option bonus, option repricing, and carveout. It’s simply not true.
Do You Regret Failed Investments?
APRIL 8, 2016
So, my brain was already trending toward the headspace around radical self-inquiry in the context of venture capital. Venture Capital Failure fred wilson rand fishkinThis weekend I’m co-hosting the Reboot.io VC Bootcamp at my house in Boulder. It starts tonight and goes through mid-day Sunday. Brad Feld.
The Silliness Of Recapping Seed Rounds
JULY 14, 2015
In this case, we misread the respect – or lack thereof – that a co-investor and an entrepreneur would have for the other seed investors and the seed capital that helped them get a product built and into customer hands. Venture Capital fg angels recap seedHere’s the scenario. The product gets a lot better.
The Paradox of VC Value-Add
APRIL 23, 2015
The next person on the list of supporters is Scott Maxwell at OpenView Venture Partners. ” Second, I went through the scale up of the organizational VC firm in the late 1990s at Mobius Venture Capital. Venture Capital baremetalvc deeply held beliefs openview scott maxwell Techstars value-add VC Simple.
It’s All About The Entrepreneur
AUGUST 23, 2016
We provide the capital allocation function and are rewarded when we do it well and eventually go out of business when we don’t do it well. Venture Capital Entrepreneurship minneapolis TechstarsI’m in Minneapolis with my partner Seth. It’s two full days of immersion in the Minneapolis startup community.
Joining the Kauffman Fellows Board
DECEMBER 5, 2016
In 2003, it was spun out of the Kauffman Foundation into a separate non-profit but, at the 20th reunion in Kansas City, the Kauffman Foundation made a new gift to the Kauffman Fellows Program to accelerate the midwestern venture capital ecosystem. In September, I joined the board of Kauffman Fellows.
History Doesn’t Repeat Itself, But It Does Rhyme
APRIL 17, 2015
The questions were great, but some of what they were hearing about venture capital was scary as s**t. handful of them had jobs in venture capital firms and we talked about how to be effective as a freshly minted associated. Venture Investing Just Had Its Biggest Q1 in 15 Years, Says PwC Report. It’s New York.
New Things In Venture Deals v3
DECEMBER 19, 2016
Venture Deals v3 (the third edition) is now shipping in both hardcover and Kindle. Books book venture deals
When VCs Don’t B t You
JULY 31, 2014
This LP is also a long time investor in Union Square Ventures and was one of the first people Fred introduced us to when we started raising the first Foundry Group fund in 2007. The prior fund that I had co-founded – Mobius Venture Capital – had blown up after having a very successful first fund in 1997.
Spending The Day With Another VC Firm
MAY 27, 2014
Venture Capital homebrew This was the first time I recall meeting Satya Patel although I’ve also known him from a distance.
The Pre-money vs. Post-money Confusion With Convertible Notes
JUNE 2, 2015
This mess is especially yucky if the lawyers don’t focus on the final cap table and the capitalization opinion until the last few days of the process. And, if Jason and I ever write a third edition of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist our chapter on convertible notes might now be two chapters.
Resolving Conflicts in a VC Partnership
MARCH 24, 2015
Venture Capital conflict partnership VC I got the following question the other day. “If you get a chance, I’d request you to write a blog post about various business decision related conflicts or misunderstanding that might occur in a partnership and how you folks at the Foundry Group resolve it. These are normal emotions.
What Acquihire Really Means
JULY 5, 2015
Then acquires started using the concept of acquihire to try to shift consideration away from the cap table and instead increase the amount of “retention consideration” going to the remaining employees, independent of the capitalization of the company. Venture Capital acquihire acquisition Books google m&a
Soggy In San Francisco
FEBRUARY 7, 2017
While reading Fred Wilson’s post Capitalism At A Crossroads , John Battelle’s efforts and conference spiked in relevance to me. If you want a quick taste, read Mark’s recent posts titled Why Was Winter in Venture Capital Funding so Short? But it’s too late to shuffle things this time around.
Dear VCs: What Happens When Your Words And Your Actions Don’t Match
JULY 12, 2014
Venture Capital actions behavior life startup life VC words Almost exactly a year ago I wrote a post Your Words Should Match Your Actions. It was a generic rant that resulted from me watching a couple of VCs blow up their reputations with entrepreneurs I know because of how they treated them. Bad mojo. It’s worse that that.
Load Balancing Between VC Partners
JANUARY 21, 2016
Venture Capital Foundry Group partners VCI woke up this morning in Fort Worth, Texas. For the first minute I wasn’t really sure where was I but it eventually snapped into focus. This happens to me periodically when I travel. I’ve got a stretch where I’m on the road a lot. We have a full day offsite every quarter.
Thanks Elon Musk For Being A Real Leader On Patent Reform
JUNE 13, 2014
That is no longer the case. They have been removed, in the spirit of the open source movement, for the advancement of electric vehicle technology.”
Transparent Funding Announcements
APRIL 29, 2015
Kyle followed the tradition of extreme openness about the financing process that I think Rand Fishkin started with his post three years ago titled Moz’s $18 Million Venture Financing: Our Story, Metrics and Future. Venture Capital buffer fundraising mattermark moz salesloft transparency VC” I found that fascinating.
Cynic or Optimist?
MAY 20, 2015
Venture Capital andy grove intel investing macro paranoid optimistThere will be a downturn. It might be in a day. It might be in a year. It might be in a decade. We are in a very positive part of the startup / entrepreneurship cycle. The conversations devolve quickly into “yes we are” and “no we aren’t.”
What’s Old Is New Again
OCTOBER 28, 2014
Entrepreneurship cycles investing Venture Capital I know I’m getting old. remember in 2007 when the idea of a super angel appeared, where successful entrepreneurs were suddenly angel investors making 10 or more seed investments a year. This was a “new” innovation that was celebrated with much fanfare. Welcome to life.
1985: Oil Prices Will Go Up Forever
JULY 23, 2015
Venture Capital cynic dallas macro oil optimistThis is not a post about a bubble, real or imagined. It’s a lesson from when I was 20 years old. showed up at MIT as an eager freshman. I was 17, from Dallas, with a nice pair of cowboy boots and long hair. Dave was a senior and I was a freshman. via chartsbin.com. We argued.
OCTOBER 10, 2013
Entrepreneurship business love culture Venture Capital Last night I had dinner with my partners and our significant others. It was a wonderful evening with the three people I work most closely with, the people they love, and the most important person on the planet to me. Once a month we have a full-day offsite. They’re very tight.
Why I Don’t Have To Follow VC Blogs Anymore
DECEMBER 21, 2015
Venture Capital blogs mattermark VCTwo words: Mattermark Daily. When I started blogging in 2004 I think I was the third VC blogger after David Hornik and Fred Wilson (if you were, or know, of another pre-2004 VC blogger, please tell me so I can update my historical recollection.). Today, hundreds of VCs blog.