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Myth Busters: Debunking Seven Conventional Wisdom Maxims of Venture Capital

Genuine VC

Compared to most other areas of finance, venture capital is practiced as more of an art, as opposed to a science. The art of venture capital also means that for entrepreneurs raising it, there isn’t one definitive playbook which can be used as a guide. MYTH: The venture capital model is broken.

Fellow VCs: Here’s Where to Invest $1B+

Genuine VC

From the group, over 260 founders have launched around 90 startups, raising more than $2.5B in capital.  Quite the contrary. 

The “Come-from-Behind” Lead Investor

Genuine VC

Of key importance, which we emphasize with our NextView portfolio companies when they’re out raising their Series A, is to run the conversations in parallel rather than serially. But reality doesn’t always play out as neatly. Really interested. Is it worth paying attention to this potential “come-from-behind” VC investor?

The VC Fundraising Timing Paradox

Genuine VC

Venture capital firms are comprised of people, which natural means that their idiosyncrasies seep into the process.  The reality of the vast majority of eventually successful VC fundraises is that they are still a messy process.   It’s rarely a straight line from point A to point B. 

What A VC Orders for Breakfast Says

Genuine VC

One of the things that surprised me most about venture capital when I got into the business is how much VCs seem to like to meet for breakfast. But breakfast for venture capitalists is an open free-for-all for all sorts of networking meetings and conversations. What else am I missing

Our Newest NextView Team-Member: Jay Acunzo

Genuine VC

Although the idea of venture firms developing a platform (i.e. As Rob explained in his recent post on this new role, the venture capital industry is experiencing unprecedented change, with new funds emerging and new and better strategies focusing on the needs of founders and their companies. What does this mean for us?

Are We Entering 2013 in Crunch-Mode?

Genuine VC

The CB Insights report specifically which came out just before the holidays put a bright light on the supply-demand imbalance of the seed-stage companies searching for Series A capital. The nuance which isn’t being recognized is that most of the companies of this latter profile, while viable businesses, aren’t venture-scale businesses.

Overly-Direct Feedback to VC Pitches

Genuine VC

His eventual conclusion is “I am not looking for a reason to say no; I am looking for a reason to say yes.”   That statement is certainly the case for all venture investors.  We enter meetings with entrepreneurs not looking for reasons to say no, but rather with the hope of hearing a story which is truly exciting. 

A New Dawn for Consumer Internet Acquisitions

Genuine VC

Over the past three years, the number of startups which have been acquired by these four companies is trending upwards. 

Do Startup Location Matters Even Matter?

Genuine VC

So just as a thought-experiment, I plotted both NextView Ventures’ Boston-based and Manhattan-based companies on a map to see what the picture looked like. View NextView Ventures Portfolio Companies in a larger map In Manhattan, the map our portfolio company locations is similarly consistent.

VC Fundraising is Neither a Sprint nor a Marathon

Genuine VC

A lot has been written for entrepreneurs about optimizing a venture capital fundraising process, but one aspect which isn’t discussed very often is the pacing of it. Two (seemingly contradictory) maxims that are often repeated in this context are: “it goes slow until it goes fast” and “time kills all deals.”

A Beer Drinker's View of the Venture Industry

Genuine VC

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. Note that Micro VC isn’t the only way to play a niche strategy in the venture business. As the venture capital space matures, I see a similar pattern emerging.

Beer Kegs and the Future of Venture Capital: What It Means for Entrepreneurs

Genuine VC

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.

Why VCs Invest in Startups with Gravity

Genuine VC

But the most meaningful of companies which are on the path towards an IPO invest in human capital ahead of the anticipation of enhanced resulting cash-flow.  Here at NextView, we typically invest in companies headquartered along the U.S. East Coast, but a number of them have a significant number of team members outside the country (e.g.

Officially Launching NextView Ventures

Genuine VC

Last summer, I along with my partners announced that we were forming a new micro venture capital firm. Today we are officially launching our firm , NextView Ventures, announcing our first nine portfolio company investments , and recognizing the additional people who are working with us.

Director of Platform & Community

Genuine VC

My partner Rob wrote bit more on his blog about our motivations for adding our first new team member at NextView Ventures — a Director of Platform and Community.  Responsibilities: Plan and produce small- and large-scale events with entrepreneurs and high-level technology executives. Exceptionally high attention to detail.

NextView's New Office View

Genuine VC

” I think all of the above is just as true for venture capitalists' offices as well. Entrepreneurs can learn a lot about venture firm by visiting its offices. It fits in with my blog post last year about our approach to venture capital. Of course, they convey an intentional outward expression, like a face does.

NextView Ethos – Tribe

Genuine VC

As we dig deeper into the remaining characteristics, I wanted to talk a little about what we mean by “Tribe.”

Playbook for Incoming MBAs to Start a Company Out of School

Genuine VC

In our NextView Ventures portfolio, Eliot Buchanan (Founder CEO of Plastiq ) was the master of this approach and was able to bring on high-profile partners (think: Mastercard) to his business before even graduating from undergrad! It’s a challenging leap of faith to take, but entrepreneurship requires a full all-in effort. It’s worth it.

The Problem with Talking to VCs

Genuine VC

I had coffee with an entrepreneur friend the other day who is in the early stages of putting a company together, and he recounted how his informal conversations with a venture capitalist had quickly escalated into a full partner pitch in just a few weeks. what are the economics? what is the best marketing strategy? Fair enough.

How to Evaluate Firms for a Seed VC Syndicate

Genuine VC

There are essentially two distinct basic strategies for startup entrepreneurs to raise a seed round of capital: Subscription approach – An entrepreneur sets a structure (usually a convertible note) and recruits individual angel investors who subscribe to the round, all without a term-driving lead investor. Period.

VC Paradox: The Best of Times & Worst of Times (Part I)

Genuine VC

In the past few weeks, we’ve seen extremely positive headlines about the surge in VC fundings like “ Venture Capital Hits Highest Level Since Dot-Com Bubble.”  It must be the best of times for the industry with $8.1B along “… with seed-round venture capital hit[ing] an all-time high ” [According to CB Insights ].

Majority of both Drivers and VCs are Above Average

Genuine VC

The one other group which seems to exude this type of thinking is venture capitalists. I can’t tell you many times I’ve been at breakfast/lunch/cocktails with another one or a couple VCs and someone talks about all of the other “bad” VCs who don’t know what they’re doing. Yet the reasons discussed in these conversations are always different.

Introducing the NextView Talent Exchange: Connecting Top Talent to Startups

Genuine VC

One of my first mentors in venture capital explained to me that the key role of a VC is to “aggregate talent.” At NextView Ventures, we’re hyper-focused on the seed stage, and since starting the firm, we’ve heard repeatedly and consistently from founders that a primary challenge they face during that stage is hiring.

A New Dawn for Consumer Internet Acquisitions

Genuine VC

Over the past three years, the number of startups which have been acquired by these four companies is trending upwards. 

IPO 2

NextView Ethos – Tribe

Genuine VC

As we dig deeper into the remaining characteristics, I wanted to talk a little about what we mean by “Tribe.”

Why VCs Invest in Startups with Gravity

Genuine VC

But the most meaningful of companies which are on the path towards an IPO invest in human capital ahead of the anticipation of enhanced resulting cash-flow.  Here at NextView, we typically invest in companies headquartered along the U.S. East Coast, but a number of them have a significant number of team members outside the country (e.g.

Overly-Direct Feedback to VC Pitches

Genuine VC

His eventual conclusion is “I am not looking for a reason to say no; I am looking for a reason to say yes.”   That statement is certainly the case for all venture investors.  We enter meetings with entrepreneurs not looking for reasons to say no, but rather with the hope of hearing a story which is truly exciting. 

Excited to Co-Found a New Micro VC Firm

Genuine VC

My new partners, Rob Go and Lee Hower , and I are very enthusiastic about starting our new firm, NextView Ventures. The three of us believe that there is a compelling market opportunity on the east coast for a new seed-stage venture capital firm for founders starting internet-enabled businesses. Stay tuned for more to come

The Problem with Talking to VCs

Genuine VC

I had coffee with an entrepreneur friend the other day who is in the early stages of putting a company together, and he recounted how his informal conversations with a venture capitalist had quickly escalated into a full partner pitch in just a few weeks. what are the economics? what is the best marketing strategy? Fair enough.

Majority of both Drivers and VCs are Above Average

Genuine VC

The one other group which seems to exude this type of thinking is venture capitalists. I can’t tell you many times I’ve been at breakfast/lunch/cocktails with another one or a couple VCs and someone talks about all of the other “bad” VCs who don’t know what they’re doing. Yet the reasons discussed in these conversations are always different.

Seven Coming Digital Uber-trends which Are Ripe for Startup Opportunities

Genuine VC

Being in the venture capital industry, I find that sometimes it is worthwhile to take a step back from the day-to-day to take a look at the large impending trends which are just beginning to affect us. To most readers, they likely may seem obvious, but perhaps serve as a reminder what’s likely in store. Baby-boomers are getting older.

Global Venture Capital Distribution

A VC : Venture Capital and Technology

Richard Florida published some stats on the distribution of global venture capital investment last week. Outside of the U.S.,

Venture Capital Returns

A VC : Venture Capital and Technology

This post is for everyone who thinks venture capital is an easy business. I'd like to dispel that notion. You lose more than you win.

How to Build a Startup & Understanding Venture Capital

Both Sides of the Table

But you need to understand venture economics. There are very few ideas that are obviously a billion-dollar idea from the start. And Lyft?

Pioneering Women in Venture Capital: Kathryn Gould

Steve Blank

During her career she made a big point of not telling you: she was one of the first women Venture Capitalist’s in Silicon Valley (along with M.J.

Entrepreneurial Density and Venture Capital

Feld Thoughts

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.

From Accelerators to Venture Capital: What is best for your startup?

Gust

The post From Accelerators to Venture Capital: What is best for your startup? billion in funding and created over 6,500 jobs.

Changes in the Venture Capital Funding Environment

Both Sides of the Table

There was an explosion in number of startups both because it was cheap and there was tons of available capital. Rise of Seed. Rise of Angels.

The Babe Ruth Effect in Venture Capital

Chris Dixon

One of the hardest concepts to internalize for those new to venture capital is what is known as the “Babe Ruth effect. Venture Capital