Both Sides of the Table

JANUARY 2, 2016

Yes, income inequality exists and yes it’s a natural consequence of capitalism and other forms of government are decidedly worse than capitalism because they inefficiently create and allocate resources. Founders start companies. Of course “carried interest” tax breaks are more at risk than founder tax breaks.

Dividend 150

Dividend Capital Gains Silicon Valley Stock 150

View from Seed

OCTOBER 29, 2014

For public sector roles, such as government employees, teachers, and firefighters, DB pension funds are still the norm, and many public pension funds still invest in VC funds (though some of these are very large entities, making scale an issue, which I’ll discuss more below).

LP 335

LP Private Equity Institutional Investors Venture Capital 335

Agile VC

OCTOBER 29, 2014

For public sector roles, such as government employees, teachers, and firefighters, DB pension funds are still the norm, and many public pension funds still invest in VC funds (though some of these are very large entities, making scale an issue, which I’ll discuss more below).

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

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. to spur innovation was a new government agency to fund new companies.

Silicon Valley 125

Silicon Valley SBIC San Francisco RSS 125

Agile VC

NOVEMBER 13, 2012

A huge cleantech boom occurred and battery companies like A123 went public along with biofuels companies like Amyris, Gevo, and others, though in retrospect this was more of a bubble driven by unsustainable government subsidies (A123 is bankrupt and the biofuels companies trade at a fraction of their IPO valuation). 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

This is going to be BIG.

JANUARY 10, 2021

I asked questions about how much money per hour these workers would be making—and the founder gave me some line about how they’re not paid per hour, but by task. They want the government off their backs except when it comes to making sure no one builds affordable housing down the street from them.

Venture Capital 150

Venture Capital Cap Table Accredited Investor Silicon Valley 150