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10 Reflections After 10 Years of NextView

View from Seed

One industry specific example is the strange fascination among some LPs and GPs around term IRR. Even though everyone knows that VC funds take 10+ years to come to fruition, one often can’t help but benchmark themselves based on IRR in the early days. Traction creates opportunity. This means a number of different things.

IRR 205
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10 Reflections After 10 Years of NextView

View from Seed

One industry specific example is the strange fascination among some LPs and GPs around term IRR. Even though everyone knows that VC funds take 10+ years to come to fruition, one often can’t help but benchmark themselves based on IRR in the early days. Traction creates opportunity. This means a number of different things.

IRR 156
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article thumbnail

10 Reflections After 10 Years of NextView

View from Seed

One industry specific example is the strange fascination among some LPs and GPs around term IRR. Even though everyone knows that VC funds take 10+ years to come to fruition, one often can’t help but benchmark themselves based on IRR in the early days. Traction creates opportunity. This means a number of different things.

IRR 136
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ESADE Business School Commencement Speech

Steve Blank

Today’s workforce has radically different expectations, brands are losing their power, physical channels are being destroyed by virtual ones, market share is less important than market creation, and software is eating world. The first will be commodity businesses that are valued for their ability to execute their current business model.

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ESG in Venture Capital: Interview with Blue Future Partners (VC Fund of Funds)

David Teten

– Interaxon Muse sells a brainwave-controlled computing technology and applications, and a hardware/software platform that converts brain waves into digital signals for meditation, games, sleep improvement, and disability assistance. Invest in business models that otherwise could not access VC. And of that 1%, less than 0.1%

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ProfessorVC: Bootstrapping 101

Professor VC

His latest venture, Bharosa, was sold to Oracle for a 6X multiple in 3 years to his angel investors, a sweet close to triple digit IRR. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases.

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When Entry Multiples Don’t Matter

Ben's Blog

Imagine there is a hot, bottoms-up $60M revenue B2B software company raising at a $4B valuation. If an investor could have identified Salesforce’s ability to maintain such prolonged growth upfront, invested in its 2004 IPO, and then held on through to today, they could have made ~70x returns: equivalent to ~30% IRRs over a 16 year period.