Agile VC

OCTOBER 23, 2012

It’s true that FoFs provide LPs a way to purchase VC funds in a basket, but by design these are comparatively narrow actively-managed investment funds rather than broad-based passive vehicles. The same is not true for venture capital of course, since the underlying startups VCs invest in aren’t publicly selling their equity.

LP 176

LP Accredited Investor Carried Interest Portfolio 176

Steve Blank

MARCH 26, 2014

This post follows directly on Steve’s earlier excellent post, Why Companies are not Startups. In this post, I want to share some new thoughts that build on Steve’s post, and connect them to Lean Startup methods. A startup is a temporary organization in search of a repeatable, scalable business model.

Startup 328

Startup Business Model Lean Russia 328

Agile VC

JULY 11, 2012

AGILEVC My idle thoughts on tech startups. Merrill, Pickard, Anderson & Eyre [Silicon Valley] –> Itself an outgrowth of the venture investing arm of the original Bank of America (based in SF), Merrill Pickard backed many startups that ultimately went public. How to Evaluate Firms for a Seed VC. July 11, 2012.

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

ithacaVC

JANUARY 10, 2012

So, then I typed “venture partner definition” into the Google search box. Managing Partner/General Partner (I have seen some with Managing Directors too like an investment bank): top dogs that run the shop and own most of the carried interest. These roles typically do not have any carried interest.

Partner 49

Partner Carried Interest Caching Harvest 49

K9 Ventures

NOVEMBER 30, 2008

In return for the operational role the GPs play, their firm receives a Management Fee. Industry averages for the management fee are expected to be around 2.5% In addition, there is a performance incentive — the Carried Interest or Carry. The carry is typically around 20% of any gains on the fund.

IRR 48

IRR Venture Capital LP Early Stage 48