Startup Lessons Learned

MAY 31, 2019

Scott Kupor is the managing partner at Andreessen Horowitz, where he’s responsible for all operational aspects of running the firm. He's been with the firm since its inception in 2009 and has overseen its rapid growth, from three employees to 150+ and from $300 million in assets under management to more than $10 billion.

Lean 108

Lean Venture Capital Conversion IPO 108

David Teten

MARCH 18, 2021

However, we’d argue that for most smaller managers who are not brand names, it’s better to be highly identified in your niche than being a generalist. Foundry Group, investing primarily in “ Software and Internet ”, follows six major themes, e.g., Human Computer Interaction (HCI) or Distribution. Most LPs we speak with agree. .

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

David Teten

JULY 25, 2017

We have lower AUM, therefore lower management fees. Most importantly, we have regular meetings with later-stage VCs and enterprise clients both in the US and internationally to discuss our companies which fit their investment mandates. This is roughly comparable to PRNewswire’s distribution service.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Gust

JANUARY 4, 2012

Later stage companies have some additional concerns: What favorable impact could IP have for PR, marketing and investor relations purposes, or as an attraction to potential acquirors? Nevertheless, experience has shown this to be primarily a later-stage company problem.

Intellectual Property 143

Intellectual Property IP Startup United States 143

VC Adventure

MAY 5, 2022

BUT (and you knew there was a but here given the post title…) it’s a poor way to compare the relative performance of funds early, and even into the mid/later, stages of a fund’s life. management fee). This is a mistake. Recycling hurts IRR. Some of those companies will be successful. Many will not. But not now.

IRR 116

IRR Metrics Valuation LP 116

Version One Ventures

JULY 29, 2020

Power rests in the hands of the owners of the crypto assets, rather than owned and managed by a single centralized institution. . But we obviously don’t have much historic data yet on what amounts should be handed out in the early versus later years. . Crypto’s open source nature enables anybody to build on top of existing code. .

Networking 113

Networking Government Stock Options Later Stage 113

This is going to be BIG.

JUNE 15, 2020

As a former institutional investor, one of the stats we focused on was carry distribution. Right now, there are some underrepresented managers out there, but if you can only raise a fund after being funded, or if you start out with wealth, structural inequality is going to hold that pool back.

Venture Capital 122

Venture Capital Institutional Investors Later Stage Limited Partner 122

Both Sides of the Table

MAY 30, 2018

Many VCs will have a distribution curve where they’ll do a small number of early-stage deals (say $1.5–3 3 million invested at a $6–10m pre-money), a larger number of “down the fairway” deals ($4–5 million at a $15–25 million pre) and a few later-stage deals (say $8–10 million at a $30–40 million pre).Of

Valuation 324

Valuation Post-Money Valuation Pre-Money Valuation Cofounder 324

The Startup Magazine

FEBRUARY 6, 2020

By that time investment bankers were on a roll privatizing assets as far flung as Chilean Electricity Distribution Rights, Montreal’s container port, parking meters in Chicago, sections of the Pennsylvania turnpike, the London City airport, and (the proposed) CA & FL Lottery systems. Ironically, given the U.S.’s

Private Equity 129

Private Equity New York City Chicago Investment Bankers 129

The Equity Kicker

MAY 31, 2016

The conclusion of the report is that returns in venture capital are distributed across a larger number of companies and across a wider number of venture capital funds than is widely believed. Their advice to LPs is to catch these distributed returns by investing in emerging managers outside of traditional US venture heartlands.

Venture Capital 60

Venture Capital Early Stage Dilution Later Stage 60

VC Adventure

APRIL 16, 2018

That’s true no matter the size fund you’re investing (I’m referring to early stage funds here but a version of this is true even for larger, later stage funds; although a higher level of concentration in later stage funds is actually helpful).

Portfolio 75

Portfolio Later Stage Early Stage Angel Investor 75

Both Sides of the Table

MAY 25, 2013

As you can see from the chart their data suggests there are about $25 billion of VC distributions per year in the US. But the larger funds usually have lower returns because they are often investing bigger dollars at later stages with less risk and therefore lower returns. There have been a lot of management shuffles at Twitter.

LP 374

LP Later Stage IRR Term Sheet 374

Both Sides of the Table

JUNE 28, 2011

million in team costs to code, launch, manage, market & sell our software. We had to learn how to be better at “load balancing & replication&# – meaning how we managed data across all the boxes since they weren’t centralized on one box. Then they launched a simple database, management tools and so on.

Venture Capital 334

Venture Capital Software PHP Open Source 334

www.paulgraham.com

OCTOBER 23, 2010

The distribution of investors should mirrorthe distribution of startups, which has the usual power law dropoff.So Weve found thisprinciple very useful, and we think as it spreads outward it willhelp later stage investors as well. Though a lot of investors are entering this territory, there isstill room for more.

Startup 93

Startup Valuation Non-Compete Deal Flow 93

Small Business Force

FEBRUARY 21, 2014

In early stage companies (and even some later stage or mature ones), there is no one area where most entrepreneurs and small business owners are lacking in just basic fundamentals, than in dealing with their company's finances and financial management. If don't generate it, you have nothing to manage.

Finance 37

Finance Management Forecast Entrepreneur 37

ReadWriteStart

AUGUST 26, 2022

Good CEOs will look inside and say: “Hey, maybe we’ve been hiring a little bit too much during the sugar rush phase of the pandemic, and what does that mean for performance management? Or is it going to come back to bite me later?”. And so a lot of it is performance management. Have we become soft? Like that happens. .

Partner 132

Partner Cofounder Retention Acquisition 132

Austin Startup

JUNE 26, 2019

If you’re a founder/product manager/business owner, I encourage you to find that out! By the by, women donors, I recommend diversifying some of your capital distributions to reap that ROI to keep doing good… (+ this is a whole ‘nother blog post…) Undeterred. and the outcomes. “If We boot-strapped some more. We side-hustled.

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

Up and Running

MAY 13, 2015

Little known fact, I was actually promoted today to Mr. Manager, so I feel pretty good about that. I’m Mr. Manager! Noah describes this as this idea of like if you’re early stage you need some money to get off the ground. Maybe a later stage business might need some money for working capital and that kind of thing.

Business Plan 60

Business Plan Marketing Oregon Small Business 60

Steve Blank

OCTOBER 1, 2009

Sloan Foundation , the Sloan School of Management at MIT , the Sloan program at Stanford , and the Sloan/Kettering Memorial Cancer Center in New York. Sloan realized that the traditional centralized management structures (like General Motors had in 1920) were poor fits for the management of GM’s already diverse product lines.

Silicon Valley 161

Silicon Valley United States RSS Customer Development 161

Duct Tape Marketing

MARCH 20, 2019

Customer Relationship Management. A Customer Relationship Management (CRM) tool can help you further organize and track all relevant customer data. Hopefully, though, you aim to progress to the later stages. But you can’t do that without the fundamentals from the build stage being in place.

Marketing 65

Marketing Social Media Campaign Analytics 65

Austin Startup

MARCH 7, 2021

San Antonio has Geekdom with USAA and Port San Antonio with the Air Force Cyber Command; Houston has The Ion with Rice University, Microsoft and NASA and The Cannon distributed across the city; Dallas has Pegasus Park with UT Southwestern and Lyda Hill Philanthropies; and Austin has Capital Factory with the Army Futures Command.

Texas 90

Texas San Antonio Houston Dallas 90

Up and Running

DECEMBER 9, 2014

They cover funding for small businesses from the initial funding stage to later stages of growth, and other areas in between. One, I’m an entrepreneur or in the startup stage of a business. Two, I’m a small business owner or manager. I’m an entrepreneur or in the startup stage of a business.

Small Business 95

Small Business Finance Forecast Metrics 95

A Crowded Space

AUGUST 4, 2011

It’s a management and engineering consulting company in Boston. Then about a year and half ago, I moved on from oDesk, really just because it was becoming a later stage company and I personally prefer the earlier stage challenges. So it’s a powerful tool for social proof and distribution and evangelism.

Technical Review 60

Technical Review Venture Capital San Francisco Boston 60

pandodaily.com

NOVEMBER 29, 2012

But at a macro level, widespread failure this early is far less painful than if it came at later stages. The Burlington, Massachusetts-based startup provides Drupal-based content management systems. Chill Direct: Direct to fan content distribution. ” On a micro level, failure is always painful. November 29, 2012.

Technical Review 93

Technical Review Silicon Valley Incubator Syria 93

Both Sides of the Table

JUNE 29, 2011

Some have moved into later stage investments in an effort to “put logos on their websites.&# It’s as though we forgot the management mantra of the 90′s about “core competencies&# or the most common VC advice to entrepreneurs: Focus. Surprisinly, this strategy works well with many entrepreneurs.

Venture Capital 296

Venture Capital Software LP Early Stage 296

This is going to be BIG.

MARCH 3, 2019

We do the work of sorting through the pitch decks of everyone and their mother, finding the diamonds in the rough, helping them turn an idea into something that looks like a company—and we do it for a fraction of the management fees of our later stage counterparts. That creates a tradeoff of paying up for more information.

Portfolio 110

Portfolio Burn Rate LP Distribution 110

techcrunch.com

OCTOBER 23, 2010

One of the things I do as a founder of a later stage startup is to meet with early stage entrepreneurs to help them get their companies going. I too am looking for someone to work with that knows the manufacturing and distribution end of a solid product. Twitter is an excellent distribution channel for us. (B)

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

abovethecrowd.com

APRIL 20, 2016

These mutual funds “mark-to-market” every day, and fund managers are compensated periodically on this performance. We have already seen examples of founders and management obtaining liquidity in front of investors. Cash distributions are what matter at the end of the day, bug big paper gains still make for good fundraising pitches.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40