David Teten

JULY 25, 2017

O perations – We work closely with a pool of preferred service providers who address the operational challenges of early-stage companies: accounting, financial modeling, sales acceleration, legal and regulatory needs, insurance, real estate, engineering, and community building. We use Asana internally at HOF.

Portfolio 60

Portfolio Technical Review Private Equity Aggregator 60

David Teten

MARCH 14, 2018

– Encourage founders to turn to other founders and their broader community as resources, not just the VC’s own staff. – Build out low-cost force multipliers such as scouts , Advisors, Entrepreneurs in Residence, Venture Partners, and so on. This evolves the VC from a server to a router.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Both Sides of the Table

SEPTEMBER 23, 2010

It is such a small community that it is hard to raise money by stealth. If you’re a seed fund that raised money from limited partners your fiduciary responsibility is to “make a buck.&# But I bet his broader point was to tone down the rhetoric and stop with inside baseball. This also happens with VCs. I think so.

Entrepreneur 292

Entrepreneur Technical Review Valuation Stealth 292

This is going to be BIG.

JUNE 15, 2020

There have been a lot of calls for VC firms to make more hires from the Black and Brown community, as well as to hire more women. In venture, it’s all about getting an opportunity to make partner and being included in the carry—the economic upside of a fund. Not all hires, however, are made equally.

Venture Capital 122

Venture Capital Institutional Investors Later Stage Limited Partner 122

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. His work on VC and small communities can be found at greatercolorado.vc/blog. Lower level of community familiarity. Of the Inc. 5000 companies, only 6.5% raised money from VCs and 7.7% raised from angels. Less established regulatory framework. .

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

JANUARY 9, 2018

a “Bitcoin Fund”, a “Social Media Fund”, a “Nanotech Fund”), you’re going to raise capital from Limited Partners who are very focused on Theme X. They offer “Community as a Service,” by tapping the community (which is scalable), not just their own staff to support their companies. – Network.

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

David Teten

JANUARY 9, 2018

a “Bitcoin Fund”, a “Social Media Fund”, a “Nanotech Fund”), you’re going to raise capital from Limited Partners who are very focused on Theme X. They offer “Community as a Service,” by tapping the community (which is scalable), not just their own staff to support their companies. – Network.

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

Agile VC

DECEMBER 19, 2013

2) Gain Market Insight – Another reason to invest in early stage tech startups is to gain additional market insight and connections to the entrepreneurial community. As a VC investing not only personal capital, but on behalf of limited partners, one can’t take this strategy.

Angel Investor 265

Angel Investor Early Stage Syndicate Syndication 265

David Teten

JANUARY 11, 2020

They’re taking a $1m check from me, or giving $5m to me as a limited partner. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc. But for B2B sales, meeting people in person is often mandatory. I host on Hostforweb **.

Social Media 60

Social Media Technical Review Media Private Equity 60

Steve Blank

JULY 15, 2010

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. None of this has gone unnoticed by the venture community. Here’s why. VC “Plan B”.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

David Teten

AUGUST 19, 2019

Tyler Tringas, General Partner, observes, “Almost all of these new [RBI] forms of financing really only work for more mature companies (say $25-50k MRR and up) and there are still very few new options at the stage where we are investing.” Founders First Capital Partners defines these high performing organizations as Zebra Companies.”.

Revenue 60

Revenue Technical Review Software Review Equity 60

David Teten

AUGUST 19, 2019

Inflection Community. John Borchers defines RBI as, “anchored around a model for providing long-term growth capital to a company that is paid back over time in the form of a modest, fixed percentage of monthly revenue. Kauffman Foundation: Access to Capital for Entrepreneurs: Removing Barriers. Conferences. Alternative Capital Summit.

Revenue 60

Revenue Term Sheet Founder Technical Review 60

David Teten

AUGUST 14, 2018

Enterprise EIRs are typically evangelists to the entrepreneurial community and/or intrapreneurs (who stay employed by the company while launching a new business). We’re talking with some of our limited partners about their hosting a true “entrepreneur in residence”. Research a plan for one or more startup ideas.

Entrepreneur 60

Entrepreneur Limited Partner Partner Portfolio 60

David Teten

AUGUST 14, 2018

Enterprise EIRs are typically evangelists to the entrepreneurial community and/or intrapreneurs (who stay employed by the company while launching a new business). We’re talking with some of our limited partners about their hosting a true “entrepreneur in residence”. Research a plan for one or more startup ideas.

Entrepreneur 60

Entrepreneur Limited Partner Partner Portfolio 60

David Teten

JULY 12, 2017

GPs strategically invite trusted [Limited Partners and others] to co-invest, often based on the LP’s ability to add value or when the amount of capital required to complete an attractive transaction is larger than they are able to invest alone.”. 2) Investors with very specific value-add. Economic benefit.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

David Teten

DECEMBER 24, 2015

The question some of our limited partners ask us is, “Why?”. Central Canada has many of the assets of other entrepreneurial hubs: a flourishing creative community, an active local VC community , strong engineering talent and quality universities, such as University of Toronto, University of Waterloo and Ryerson University.

New York 60

New York Venture Capital Canada Silicon Valley 60

David Teten

FEBRUARY 7, 2012

From the point of view of a limited partner, the great challenge is scaling the business. There are at least 100 online communities for small companies to connect with investors but in my experience most attract the lowest-quality companies. They’re also inflation-hedged.

Early Stage 148

Early Stage Private Equity Portfolio Aggregator 148

Agile VC

FEBRUARY 21, 2012

My partners and I wanted to peel back the curtain slightly for those of you who’ve been following our progress, and also acknowledge the help and support numerous folks have provided as we got this new VC firm off the ground. NextView’s inaugural fund is just over $21 million.

LP 100

LP Seed Stage Silicon Valley Limited Partner 100

Austin Startup

MARCH 7, 2021

Our community colleges are excellent as well, including the Alamo Colleges, Austin Community College, the Dallas College and the Lone Star Community College. In San Antonio we take great pride in our diverse, artistic, affordable and culturally rich community filled with a young and burgeoning creative class workforce.

Texas 90

Texas San Antonio Houston Dallas 90

David Teten

SEPTEMBER 6, 2015

In either case, corporations have to set up their investment vehicles so that the venture capital community sees them as serious players. Teten: How do corporate VCs interact with the broader VC community? . The alternative model is to set up a dedicated venture fund and even supplement it with outside limited partners.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Growthink Blog

MAY 23, 2011

Management has the wrong pedigree, is geographically undesirable, competes in the wrong industry, and/or has a business model that lacks "scalability credibility" with the venture community. At the end of the period, all profits and proceeds are distributed to the various partners on a pre-determined split.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

This is going to be BIG.

SEPTEMBER 19, 2012

While my company may not have lasted, and even though I swore to myself that I wouldn't do another startup--this recently launched new venture is moving forward with the help of some fantastic partners. million of limited partner commitments--a huge and exciting first step.

LP 112

LP New York City New York Chad 112

Rob Go

JULY 17, 2014

On #2, we have been fortunate to collaborate with a wide group of exceptional entrepreneurs, coinvestors, and limited partners. Prospective LPs evaluating NextView tend to focus their due diligence on conversations with these folks as well as other trusted participants in the startup community that are likely to have a POV on us.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Both Sides of the Table

SEPTEMBER 28, 2011

We call these investors “LPs” for limited partners. I like to meet people like this because in an hour I get catch up on everything going on in the startup community. I bucket some of my time every month to ongoing fund raising relationships – even in years we’re not raising. I had lunch with an LP.

Email 314

Email Product Term Sheet Portfolio 314

David Teten

DECEMBER 3, 2019

To learn more about this space, I suggest join an online community I co-founded, PEVCTech. . A more efficient approach to fundraising than haphazard networking is to mine the data exhaust from the limited partner universe to identify those LPs most likely to find your fund attractive, and focus all your energy on them.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

onstartups.com

JULY 11, 2012

And now that I've gotten to know the Angel community, it turns out I wasn't alone. It's a great thing, and it shouldn't be confused with investors who are seeking to deliver returns for the Limited Partners in the funds they've raised. For this to work, the whole ecosystem needs to behave accordingly.

Angel Investor 77

Angel Investor Dilution Investment Bankers Valuation 77

VC Adventure

OCTOBER 14, 2020

Community is one of the driving forces at Foundry Group. We want our programming to be impactful, relevant, and able to serve our community in a way that promotes growth, development, collaboration and ultimately successful company and fund outcomes. We know we’re just scratching the surface for how powerful this network can be.

Networking 99

Networking Technical Review Hiring North America 99

finance.fortune.cnn.com

AUGUST 21, 2012

Almost all of them would be characterized as venture capital, with a few exceptions for funds managed by The Blackstone Group ( BX ), Providence Equity Partners and Spectrum Equity Investors. Through 12/31/11, less than 66% of the fund-of-funds called capital had been returned to limited partners.

Naming 49

Naming Term Sheet Private Equity Equity 49

Hearpreneur

NOVEMBER 24, 2018

Her responsibilities included: strategic counseling, business modeling and deal negotiation for the various for medical startups in the portfolio and is a limited partner at NGT3 Medical Accelerator in Israel. In the community, I have played many leadership roles. Tell us your story.

Founder 91

Founder Miami Cofounder 91

This is going to be BIG.

NOVEMBER 4, 2018

For the last two years, I’ve been pretty vocal about politics on social media , in my weekly tech community newsletter and on this blog. It’s an entirely fair question—and the risk is that limited partners, founders, or other VCs might not want to work with me because I’m vocal about my political views.

Arkansas 97

Arkansas Limited Partner Cofounder Algorithm 97

David Teten

DECEMBER 12, 2017

While the historic capital-raising process is driven by face-to-face networking and salesmanship, some GPs actively participate in LP/GP communities to find and build relationships with potential LPs. However, 87% of our respondents don’t actively participate in any such community.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Steve Blank

MARCH 22, 2009

Their VC firm, In-Q-Tel , has been in business for 10 years, and like most VC firms they have an annual event where they show off their new portfolio companies to their limited partners and other VC partners. They were all from somewhere in the intelligence community. And I could have sworn they all had the same badge.)

Silicon Valley 247

Silicon Valley Thailand RSS Venture Capital 247

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). It is not our money, and we have a fiduciary responsibility to manage it properly and generate the returns our LPs expect of us.

LP 60

LP Private Equity Due Diligence Venture Capital 60

Both Sides of the Table

JUNE 29, 2017

A huge thank you to all of the Limited Partners who have entrusted us with your capital, time and reputations. We’ve made investments in our community in LA to renting out movie theaters and screening films on gender bias and chairing discussions about how to improve the work environment in startups.

Los Angeles 287

Los Angeles Las Vegas Venture Capital San Francisco 287

Feld Thoughts

OCTOBER 15, 2020

The Foundry Network , as we’ve been calling it, encompasses founders, CEOs, executives, general partners of our underlying venture capital fund investments, limited partners (our investors as well as other investors in the funds we have investments in), and other members of our ecosystem.

Networking 176

Networking Hiring North America Venture Capital 176

This is going to be BIG.

APRIL 10, 2015

However, I''ve decided that involving a wider community of investors is beneficial to the founders that I back--and honestly makes for a more interesting experience for me as well. I value the feedback and insight I get from my Limited Partners and the community we''ve built.

Venture Capital 60

Venture Capital SEC Accredited Investor Silicon Valley 60

www.paulgraham.com

APRIL 28, 2010

The Value of Community A surprising number of founders said what surprised them most aboutstarting a startup was the value of community. Some meant themicro-community of YC founders: The immense value of the peer group of YC companies, and facing similar obstacles at similar times.

Technical Cofounder 110

Technical Cofounder Startup Cofounder Founder 110