article thumbnail

How’s Venture Capital Changing in 2023

VC Cafe

By contrast, they backed 620 funds in the last three months of 2021 First time fund managers hit hard: In 2022, limited partners backed 141 funds run by first-time managers, a 59% decline from the prior year and the lowest number since 2013 How does the constrained LP environment manifest for funds and startups? Support emerging managers.

article thumbnail

Kindred Spirits – Our Investment In Founder Collective

Feld Thoughts

As an LP, I’ve had the good fortune to be an investor in many funds, including some exceptional ones. When Union Square Ventures’ 2004 fund was on fire, Fred and Brad raised their next fund at the same size. As a GP I applauded the approach and accepted that as an LP we had to beg and plead our way into to the fund.

Founder 75
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Getting Founders Some Early Liquidity Can Benefit VCs

Hunter Walker

When Google went public in August of 2004 one of the first things I did with my employee grants was sell enough to pay off my student loans. In retrospect I lost a lot of future gains by cashing out too early but what I gained was more important: peace of mind in removing the only debt I’d ever carried.

Founder 108
article thumbnail

Playing the Long Game in Venture Capital

Both Sides of the Table

This “overnight success” was first financed in 2004. LPs Haven’t Yet Grokked the Long Game While the VC community realized 5ish years ago that short-termism in venture capital didn’t make sense and has capitalized on the scale advantages of letting companies go long, the LP community by and large hasn’t totally grokked this.

article thumbnail

The VC Shakeout: Are We There Yet?

Agile VC

The entire US economy was booming (in an unsustainable debt binge, in retrospect) from 2004 through much of 2008, and the tech world was booming along with it. a VC fund’s entire portfolio in aggregate, net of management fees and carried interest) a good return from an LP’s perspective would be 2.5-3.0x

LP 154