View from Seed
DECEMBER 4, 2019
One of the things I pointed out in my prior post was that even though the 2007 vintage was 10 years old, the vast majority of the value was still unrealized. If we compare the 2007 vintage data today vs. what we looked at 2 years ago, it gives us a sense of how much liquidity that vintage has enjoyed in the last couple years.
Both Sides of the Table
MARCH 24, 2014
I become a venture capitalist in September 2007 – exactly 6.5 Getting Exits / Driving LP Returns: This was always the knock on me. years ago. I spent my first year developing proprietary deal flow and learning the business and then the Sept 2008 / Lehman Bros collapse / financial meltdown happened. The monkey on my back.
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Both Sides of the Table
JULY 23, 2014
At the other end of the spectrum large funds have gotten even larger in the past few years which has massively increased the amount of consolidation in our industry as 66% of LP money into venture is now concentrated in late-stage or full-cycle VCs. 2007 was the watershed year. Why is this?
The Equity Kicker
MARCH 19, 2012
The LP Update Meeting. I’m just back from our semi-annual update to the LPs in one of our funds, and I thought I would share the experience with you all. We have around a dozen LP update meetings a year across our four funds and they are the most important moments of contact we have with our investors.
Feld Thoughts
AUGUST 13, 2018
From the start of Foundry Group in 2007, we have felt strongly about this. We feel that if an LP gives us a $1 to invest, we should invest at least that $1, not $0.85 (the average fee load over a decade for a typical VC fund is 15%.) We think this is another element of GP-LP alignment and have supported this from our first fund.
This is going to be BIG.
OCTOBER 12, 2020
I took my last LP meeting the first week of March and clearly, I didn’t close anyone that I had met with at that time. Not everyone produces LP money with the snap of a finger—not even Alan Patricof. I spent some time updating my deck, doing some outreach and started lining up early February meetings. He seemed paranoid.
Both Sides of the Table
JANUARY 5, 2010
If your idea is so amazing that it warrants my hard-earned angel money or the money of my LP investors from our fund then why should I take a risk on you if you won’t take a risk on yourself? I joined GRP Partners in 2007 before they raised their current fund (we closed a $200 million fund in March 2009). Why should I be?
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