View from Seed

JANUARY 13, 2021

The objection goes something like this: “yes, I can see rookie founders turning to you for a seed round. But won’t all good founders go to established firms that raise series A’s out of the gate?”. Our response was that this might happen. From an industry standpoint, I think this have turned out to be only partially true.

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

Both Sides of the Table

JANUARY 5, 2010

So we as VCs search for entrepreneurs/founders who have the whole package or as much of it as possible. VCs don’t have the same net worth litmus test and great entrepreneurs have a ton of sources for seed money to get financed very early. I didn’t negotiate hard on carried interest. Few people have it.

Entrepreneur 293

Entrepreneur CTO Hire South America Salary 293

The Startup Magazine

MARCH 22, 2019

An article in Forbes explains that a venture capital firm makes its money through management fees (a percentage of the amount of capital that they have under management) and carried interest (a percentage of the profits of the business). Small business loans and crowdfunding will also finance a start-up business.

Angel Investor 123

Angel Investor Venture Capital Accredited Investor Equity 123

Steve Blank

OCTOBER 29, 2009

These IPOs meant that technology companies didn’t have to get acquired to raise money or get their founders and investors liquid. Ampex business took off when Terman introduced Ampex founder Alex Poniatoff to Joseph and Henry McMicking. But the biggest innovation was the “carried interest” (called the “carry”.)

Silicon Valley 125

Silicon Valley SBIC San Francisco RSS 125

Agile VC

NOVEMBER 13, 2012

The IPO market remained closed to IT startups, but there were big acquisitions like Google buying YouTube for $1.65B (Fall 2006) and late stage financing rounds for companies like Facebook (Microsoft round at $15B valuation in Fall 2007). A16Z today or Founders Fund or General Catalyst a few years ago). So at a fund level (e.g.

LP 154

LP Portfolio Venture Capital IRR 154

Women Entrepreneurs Can

MAY 9, 2019

Funding has only become more difficult to pursue and isn’t always a viable option for early-on founders to pursue. Solid choices in co-founders can make or break a company’s success. VCs tend to gain most of their returns through carried interest- a percentage received as compensation from the profits of a hedge fund or private equity.

Programming 40

Programming Sweat Equity Startup Private Equity 40

Professor VC

JULY 25, 2013

I''m a strong believer in fairness (although my daughters may not agree) and investors and entrepreneurs working together as a team to create something valuable to all stakeholders (customers, employees, founders, investors). Angel Investors Silicon Valley term sheets venture financing venture capital'

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46