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VC Optimism Returning But More Pain Ahead In Their Portfolios

Hunter Walker

” What are my major assumptions for why there’s more markdowns to come in the aggregate for the last decade of venture portfolios? The reality is lots of companies – many of them quite promising – have already undergone, or will be facing, next financings which “clean up” old cap tables.

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The SBA Needs To Get It’s Act Together On The PPP

VC Adventure

After its enactment but before it was implemented, there were questions about the SBA’s “affiliation rules” which can disqualify companies if the aggregated number of employees at affiliate companies is greater than 500. The program sparked confusion from the start. Exactly what this means isn’t clear.

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What’s a Fair 409A Discount?

VC Adventure

It was a benefit to employees and a slight value transfer from equity holders to option holders (generally speaking in M&A transactions the value of the aggregate option exercise ends up allocated across the rest of the cap table).

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Why Is There So Much Turnover In Venture Capital?

View from Seed

However, as we’ve seen from recent salient stories , these can be ephemeral and don’t end up mattering in the end… they’re really just approximations based on the market for buying a piece of a company’s cap table, not buying the whole thing or making it public. VC performance signal-to-noise-ratio is low.

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How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood

David Teten

Advances in machine learning, specifically natural language processing, have made generating these baseline, aggregate datasets possible, at scale, with high accuracy. EShares is an increasingly popular tool in our portfolio for tracking private company cap tables. Most of our companies will need to raise further rounds.

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“I guess we’ll know we’ve made it when a woman can get away with behaving like Elon Musk.” Talking With VC Ashley Mayer About Finding Your Career, Taking Box Public, And Why She’s Not Interested In Reading Yet Another Female CEO Takedown

Hunter Walker

Maybe this is my inherent bias as a comms pro, but in aggregate , I believe the uncaptured upside when women founders stay under the radar is far more detrimental than the risks that come with visibility. In the process of investing, we became rather obsessed with helping founders build more diverse and impactful cap tables.

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VCs eating our own dog food: Using technology and analytics to make better investments

David Teten

645 Ventures released a cap table simulator to help level the playing field. Carta , Captable.io , Certent , EquityEffect , and ShareWorks by Morgan Stanley track private company cap tables. . Capital has built a free online tool for founders to calculate their cost of capital. 9) Accelerate portfolio company value. .