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Why LP’s Passed on Seed Funds 10 Years Ago (And What’s Happened Since)

View from Seed

Our response was that we were motivated to focus on seed because 1) this is what we enjoy, care about, and are good at and 2) we’re going to make money on carried interest and this was the best way to get there. From an industry standpoint, I think this have turned out to be only partially true.

Dilution 399
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The Secret History of Silicon Valley 12: The Rise of “Risk Capital.

Steve Blank

But the biggest innovation was the “carried interest” (called the “carry”.) The venture firm was funded by Laurance Rockefeller and Lazard Freres, but after some dispute lost to the sands of time, Rockefeller pulled his financing, and the firm was dissolved after the first fund. Blog at WordPress.com.

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Pari Passu or F.U.little guy

Professor VC

As regular readers of this blog know, I''m not a fan of convertible deals to begin with, and it is difficult for me to internalize how value in the company has been created in the two weeks a cap goes from $3 million to $5 million. Angel Investors Silicon Valley term sheets venture financing venture capital'

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ProfessorVC: How much is enough?

Professor VC

Financing, that is.I One truth of start-up financing is that it generally takes twice as long and twice as much money to accomplish your milestones. Most companies dont come close to their rose colored financial models prepared when going out for Series A financing. As I said up front, I have mixed emotions about the financing.