The State of Cleantech Venture Capital: What Lies Ahead

Secret Formula

In late 2011 I decided to write up an internal analysis I’d done at Venrock about the state of cleantech venture capital and make it available broadly. What’s happening to cleantech venture capital? Philanthropic capital.

The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. But now there is evidence that venture-backed start-ups fail at far higher numbers than the rate the industry usually cites. About three-quarters of venture-backed firms in the U.S. backed by venture capitalists. High Capital Franchises. Capital Available.

Trending Sources

AirStrip Closes on $25 Million in Venture Capital

SiliconHills

AirStrip announced Tuesday that it has raised $25 million in venture capital. The San Antonio-based company received the funding from the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust. Airstrip, founded in 2004, has raised $65 million in four rounds of investment, according to Crunchbase. AirStrip’s main focus is taking all […] The post AirStrip Closes on $25 Million in Venture Capital appeared first on SiliconHills.

Harvard's Go-To Venture Capital Firm

Inc Startups

The Experiment Fund, NEA's seed-stage venture capital firm, set up shop on Harvard's campus to catch young, entrepreneurial talent early. Fast-forward to 2004, and there's no excuse why a young Mark Zuckerberg would not have that level of support.

Venture Capital Deal Buzz: Grubhub

Recent Buzzes - VC Experts, Inc.

The company was founded in 2004 when software engineers Matt Maloney and Mike Evans became frustrated over a lack of comprehensive food delivery sites. Yep, I cringed at the use of the word interwebs too, but then I told myself maybe that description was written in 2004. Venture capitalists are hungry for a piece, too. million cash infusion came from Origin Ventures in 2007. The company said it plans to use the capital for R&D, acquisitions and mobile apps.

Let Your Winners Run

A VC : Venture Capital and Technology

USV 2004 is instructive. Between 2004 and 2008, we made investments in 21 companies. But there are at least ten companies in the USV 2004 portfolio that we would be happy to own for the rest of this decade. This does create a bit of an issue in that we raise ten year venture capital funds. So we are supposed to wind things up in the 2004 fund in another two years. Venture Capital and Technology

The Humanity of Our AI Future

thebarefootvc

Roomba vacuums, launched in 2004, are an example. Artifical intelligence Entrepreneurship Fintech healthcare Machine Learning robots Social impact Startups Technology Venture Capital artificial intelligence fintech machine learning

The Darwinian Evolution of Startup Hubs

A VC : Venture Capital and Technology

1995) and eBay (1995), which begat Google (1998) and PayPal (1998), which begat YouTube (2005), Facebook (2004), and LinkedIn (2003) which begat Twitter (2006) and Zynga (2007), which begat Square (2010), Dropbox (2008), and many more. In NYC, that was Doubleclick which was founded in 1996, the same year as my first venture capital firm, Flatiron Partners, which was founded on two premises, that the Internet would be big and that NYC would be an important locus of Internet innovation.

The State of Cleantech Venture Capital, Part 2: The Investors

Secret Formula

tl;dr: There’s a widespread perception that cleantech venture capital must be tanking compared with VC overall. In yesterday’s post , we looked at the amount of capital that’s been invested in cleantech start-ups to date. For venture-backed companies overall, it’s 9.4

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From The Archives: The Poker Analogy

A VC : Venture Capital and Technology

Which brings me to a post I wrote in November 2004 called The Poker Analogy. Early stage venture capital is a lot like poker.    Preserve your capital.    But if you play your hands right, the subseqent rounds are much less so, and the fact that you can put most of your capital to work in the later rounds makes the total portfolio a much less risky proposition than the upfront ante. Venture Capital and Technology

Why I Don’t Have To Follow VC Blogs Anymore

Feld Thoughts

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.). Venture Capital blogs mattermark VCTwo words: Mattermark Daily.

Seed is the new Series A, but who’s supporting founders pre-launch?

The Equity Kicker

I’m going to quote his definitions in full: 2004 definition. — You’ve seen the pattern here, what used to be Series C is now Series A, what used to be Series B is now seed, and what used to be Series A is now ‘Pre-funding’ All this is being driven by increased capital efficiency. In 2004 it took until Series C to scale your product because it took a lot of money. Forward Partners Venture Capital

Investing in Venture Capital - Limited Partner or Fund of Funds? - Part 1

Recent Buzzes - VC Experts, Inc.

By Igor Sill, Managing Director of Geneva Venture Management LLC. Investor confidence in Venture Capital is at an all time high. Billion represents a significant liquidity window for Venture Capitalists and their Limited Partner investors.

usv.com/timeline

A VC : Venture Capital and Technology

It is a timeline view of all the initial investments we have made at USV since we started investing in the fall of 2004. Venture Capital and Technology

Bored Of Directors (continued)

A VC : Venture Capital and Technology

I did a few posts on this topic back in 2004 when I was just starting to get this blogging thing. Venture Capital and Technologythe original. the followup. the second followup. These posts were inspired by my friend Brad Feld's initial post on the same topic. So it's not surprising that when Brad, Amy, The Gotham Gal, and I got together for dinner in Paris this past weekend, we got to talking about board meetings. Brad is frustrated with them. I am too.

The Hard Raise

A VC : Venture Capital and Technology

In the summer of 2003, Brad Burnham and I set out to raise a $100mm early stage venture capital fund. We spent our own capital raising that fund. Sometime in the spring of 2004, someone got it. And by the summer, we had a group together and we were able to build to a first close in November of 2004. But that fund, USV 2004, has been one of the very best venture capital funds ever put together. I like to tell them the story of USV 2004.

FuturePerfect Ventures: A 2015 Recap

thebarefootvc

New York City : NYC is growing as a startup hub; yet early stage (seed, small A rounds) institutional capital has not kept up with the local growth. After spending time in Silicon Valley (from 1999-2003), Boston, London and Chicago, I moved back to NYC in 2004 and have been fortunate to witness the technology and startup growth for the past 10+ years. This global reach is a new model of early stage venture, one that we believe we will see more of in the future.

Take the Friction Out - VCball

VCball

A New York based VCs quixotic search for new knowledge in early stage venture capital and entrepreneurship. December 16, 2004 in Entrepreneurship and VC | Permalink. Tracked on December 16, 2004 at 11:57 PM. Tracked on December 17, 2004 at 12:02 PM. Tracked on December 17, 2004 at 06:14 PM. Tracked on December 19, 2004 at 02:49 PM. Milestone Venture Partners Newsletter Uncommonly good thought pieces on VC with a socioeconomic apolitical commentary.

Off The Schneid

A VC : Venture Capital and Technology

I've led a new venture investment for USV, which closed a few weeks ago and was announced last night. I have made twenty investments since the founding of USV in the fall of 2004 (now 21) and have only exited six, so I have had fourteen investments that I am responsible for at USV. Venture Capital and Technology The almost two year long slump is over. The company is Coinbase and my blog post announcing the investment is on the USV blog.

Your Founder Got Strategy? - VCball

VCball

A New York based VCs quixotic search for new knowledge in early stage venture capital and entrepreneurship. A couple weeks ago, I attended a cocktail reception for Emergence Capital , a newly formed $125MM venture fund focused on information technology enabled services, similar to my funds strategy but West Coast based. November 13, 2004 in Books , Entrepreneurship and VC , Venture Capital , Web/Tech | Permalink. VCball.

1990s Redux? Nope, just Free Telephone Conferencing - VCball

VCball

A New York based VCs quixotic search for new knowledge in early stage venture capital and entrepreneurship. Ron Reed at Endurance Ventures suggested I try it out. October 05, 2004 in Cool Technology | Permalink. Ron Reed at Endurance Ventures suggested I try it out. Milestone Venture Partners Newsletter Uncommonly good thought pieces on VC with a socioeconomic apolitical commentary. VCball.

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Six Slides

A VC : Venture Capital and Technology

  I learned this lesson when Brad and I starting raising USV 2004 in the fall of 2003. How could Brad and I possibly take all that we had done and learned in almost 20 years in the venture business and put it into six slides?  Tags: Venture Capital and Technology The CEO of one of our portfolio companies is working on a fundraising deck and asked me for some tips. I gave him my favorite, "keep it to six slides."

A Different Approach To VC

A VC : Venture Capital and Technology

So we can’t talk about venture capital without talking about Unicorns, right? percent of companies are using a product, venture capital, that really doesn’t work for them. you have entrepreneurs building companies, building customer bases, designing interactions with their users in order to make themselves appealing to venture capital. Neither did Brad and I when we raised the first USV fund in 2004. I wrote this to my partner the other day.

Want to know why charging $12 / year converts higher than $9.99?

Both Sides of the Table

Startup Advice This Week in Venture CapitalAs many of you know I run a weekly webcast called This Week in VC that’s getting between 25-35,000 weekly views across ThisWeekIn.com, YouTube & mostly iTunes. Yesterday’s show floored me.

Viral 47

The Other Amazon Deal this week. Drupal founder attracts over $100 Million in 3 months.

Scalable Startup

It gained recognition during the 2004 presidential campaign when Howard Dean’s IT director decided to use it as a platform for community and campaigning. Angel Investor Drupal founder PHP Revenue Growth SaaS Scalability startup startup CEO venture Cash Flow CEOing leadership scalability tom nora venture capital

Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

He tells the story of how he was out of cash, stressed out, nobody in LA or Silicon Valley would give him money, he had finally found an investor in Minneapolis but his venture bank was going to shut him down for breaking a “covenant&# in their agreement by not having enough cash in the bank.

High Risk + Founders First + Boston: The Atlas Venture way

Fred Destin

We try and exist as the best source of seed capital that we can to as many entrepreneurs as possible. I believe the business of venture capital is really predicated on hitting a few very big wins and owning enough of them so that it makes a difference to your fund,” explained Destin. “It’s

Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

In 2004 / 2005 I was starting to get intrigued with user-generated content. Yeah, that was when I changed for me…” “…there was so much positive feedback on demystifying this one element of venture capital. Brad’s start in Venture Capital.

London Venture Capital Events

Jason Ball

A comment was posted earlier in the week asking what events are relevant for new arrivals in London looking to get involved in the venture/start-up comunity. I was looking for the same in 2004 and posted a short list in 2005. Europreneurship Events, Conferences and Panels Venture CapitalHere’s a revised short list of VC-related events in and around London, no particular order: Regular events : Internet People (no link). Open Coffee. City Zone. Chinwag.

London Venture Capital Events

Jason Ball's TechBytes

A comment was posted earlier in the week asking what events are relevant for new arrivals in London looking to get involved in the venture/start-up comunity. I was looking for the same in 2004 and posted a short list in 2005. Tags: Europreneurship Events, Conferences and Panels Venture Capital Here's a revised short list of VC-related events in and around London, no particular order: Regular events : Internet People (no link). Open Coffee. City Zone. Chinwag.

Stars Aligned to Foretell Future of Indian Private Equity & Venture Capital

VentureWoods

Dear Colleague, In 2004, the buzz around one mega exit - of Private Equity investor Warburg Pincus from Bharti Airtel - got institutional investors across the world excited about the Indian Private Equity opportunity. Naturally, there was a boom in PE fund offerings from India- typically focused on minority growth capital type investments - to cater to this rising appetite. Who in turn need a vibrant set of VC funds to provide scale up capital. About Venture Capital?

Stars Aligned to Foretell Future of Indian Private Equity & Venture Capital

VentureWoods

Dear Colleague, In 2004, the buzz around one mega exit – of Private Equity investor Warburg Pincus from Bharti Airtel – got institutional investors across the world excited about the Indian Private Equity opportunity. Naturally, there was a boom in PE fund offerings from India- typically focused on minority growth capital type investments – to cater to this rising appetite. Who in turn need a vibrant set of VC funds to provide scale up capital.

Presenting Companies at the 2008 Florida Venture Capital Conference

Florida Venture Blog

The following companies were selected to present at the 2008 Florida Venture Capital Conference. XSell, LLC was founded in 2004 with the sole focus of enabling a new, more effective sales channel: Customer Interaction Marketing.

The Industrialization of Mobile

Feld Thoughts

When we invested in NewsGator in 2004 , RSS was just starting to emerge as a protocol and wire up much of the content on the web. At the time, it was impossible to anticipate how the web would evolve, as 2004 was a particularly low point in the evolution of venture capital and tech companies. I am on the board of Sitrion , who just released their latest version of Sitrion ONE , which allows enterprises to deliver mobile solutions in one single day.

Mobile 107

The Guy Who Took on Google (and now LinkedIn): Mike Yavonditte

Both Sides of the Table

Mike Yavonditte is the founder of the “super hot&# Hashable , a startup out of NYC that has been described as a “ Mint.com for Social Capital ” Mike sold his previous company, Quigo , to Aol for $340 Million. They sold in December 2007, but he started selling Quigo in 2004.

Where In The World Is Eduardo Saverin?

Thinking About Thinking

It was March of 2004 and I was attending an alumni event for Harvard Student Agencies ( HSA ) – a student run company at Harvard. Since at that time I was at another venture capital firm which invested in start-ups, I was eager to meet the people behind Facebook.

WayTooEarly: Fad and Fashion in Venture Capital

WayTooEarly

» Fad and Fashion in Venture Capital. Charles River Ventures announced Quickstart - their new effort at doing seed stage deals with modest amounts of money. Bill Tai and George Zachary are seasoned venture capitalists with operating and investment banking experience, and I wish them well. Venture capital investing has been subject to fads and fashion for as long as Ive been involved. First Round Capital. WayTooEarly.

April 4-Innovation in Private Company Liquidity-Online Merger Markets, Social Media, Secondary Markets, Non-US Markets, Private Equity, and the Disappearing IPO

David Teten

We will discuss liquidity options appropriate for a wide range of people with private company stock, including private equity funds, venture capitalists, angels, founders, and employees with options. a leading-edge research and development lab in the Millennium Technology Ventures portfolio.

Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

Ironically our business started to perform very will by 2004 but by then management had lost the dream of a huge upside. Otherwise, what incentive exists for the VC to put in more capital or to have the founders earn money. Tags: Pitching VCs Start-up Advice VC Industry startup technology vc venture capital This is part of my ongoing series “ Start Up Advice &# but I’d really like to call this post, “VC Advice.&#.

Small tip for breaking the young white male hacker mold

This is going to be BIG.

From a basically unrelated 2004 article on security expert Gavin de Becker. ".I Venture Capital & Technology I recommend that before you meet someone for the first time, you send them a bio. You say, "I look forward to our meeting tomorrow afternoon, and so that you''ll be more familiar with my background, I''m sending you some general information." When you arrive, they say, "Oh, that''s what a security expert looks like."