Feld Thoughts

AUGUST 25, 2015

The key reason for the explosion in capital flowing into the industry, and therefore the large increase in practitioners, had nothing to do with 1970’s performance, early stage investing, or technology. Instead, the driver was the 1983 bull market. You may recall I got into the industry in 1978. CIVC. $ 250,000. .

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

Both Sides of the Table

MAY 19, 2010

Greycroft is an early-stage VC. But truthfully both Dana and I are more aligned with the lean startup principles and believe you only go FAT when you’ve really proved out your product / market fit. If I were a number 3-5 players I’d be looking to exit early while there’s still a lot of enthusiasm for this hot market.

Partner 240

Partner New York City Cofounder Syndicate 240

Hunter Walker

NOVEMBER 20, 2013

So far most of the top funded AngelList Syndicates look, well, not surprising. Additionally, funds such as Foundry Group and Google Ventures have taken their own approaches – the former creating a separate early stage entity , the latter encouraging their seed stage partners to create standalone personal syndicates.

Syndicate 99

Syndicate Syndication South America Seed Stage 99

David Teten

SEPTEMBER 6, 2018

2) Marketing. See How Private Equity and VC Investors Are Using Social Media. See my summary on how lead investors think about building out their syndicate. . 10) Time, market, and exit investment. See my overview of sales technology tools useful for B2B sales. 3) Raise capital. 5) Manage deal flow. 6) Due diligence.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

David Teten

SEPTEMBER 6, 2018

2) Marketing. See How Private Equity and VC Investors Are Using Social Media. See my summary on how lead investors think about building out their syndicate. . 10) Time, market, and exit investment. See my overview of sales technology tools useful for B2B sales. 3) Raise capital. 5) Manage deal flow. 6) Due diligence.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

Rob Go

SEPTEMBER 4, 2018

Although we had a busy summer, I was fortunate enough to take a bit of time off as well, and to step back for a moment and reflect on Nextview’s strategy and market position going forward. . It’s been an interesting several years in the early stage venture eco-system, and the sands have shifted considerably.

North America 36

North America Seed Stage Early Stage Lead Investor 36

YoungUpstarts

JANUARY 21, 2014

2014 will be a formative year for new business owners and early-stage entrepreneurs. And finally, in Darwinian fashion, competition for market share amongst the venture capitalists as a result of increased numbers of angel investment syndicates will clear the decks of the low-value add venture capital dollars.

Entrepreneur 210

Entrepreneur Startup Balance Sheet Non-Compete 210

David Teten

JANUARY 19, 2021

The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO). Seed-stage compatible: Like traditional equity VC investors, Flexible VCs accomodate early-stage investment risk within their portfolios better than a traditional RBI funder. Volatile, uncapped.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

APRIL 30, 2015

In many instances, you raise an institutional round to either fulfill a product strategy or go-to-market strategy or you’re increasing sales and marketing hires, so you have better visibility into what needs to happen in the next six, 12, 18 months. NVV: Walk me through the typical process once a startup approaches you.

Term Sheet 120

Term Sheet Equity Startup Seed Stage 120

thebarefootvc

MAY 8, 2012

The best VCs are the ones that balance their optimism, vision and enthusiasm for startups with realism based on very real constraints (the primary one being his/her own time, but also includes market development and exit timing). Too many pivots, and you can lose the market opportunity, even with the greatest idea.

Venture Capital 78

Venture Capital Syndicate Syndication Bandwidth 78

David Teten

SEPTEMBER 23, 2017

The extreme example of this are algorithmic investors in the public markets, who design algorithms which trade on the designer’s behalf, as opposed to making trading decisions directly. High-frequency trading, algorithmic by its nature, is estimated to account for at least 50% of US equity markets trading volume. . 1) Market fund.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Haystack

JULY 15, 2018

“Fascinating, I need to think about it…” – Being an early-stage investor, I do encounter amazing people building entirely new things I have not even conceived. Occasionally here, I’ll make a smaller investment to start and help syndicate.

Founder 60

Founder Syndicate Syndication Deal Flow 60

View from Seed

JUNE 10, 2020

The partners at NextView hold sessions more than once per week to push the participants’ thinking and actions to strive towards making significant advances finding true-product market fit. We proactively look to build friendly syndicates for our Seed investments, and welcome collaborating to build together.

Cofounder 177

Cofounder Syndicate Syndication Alabama 177

ReadWriteStart

NOVEMBER 19, 2010

I have seen this criticism at various places where this recap is syndicated on a weekly basis, as well as in certain random forums on the internet. Well, I have coached early stage entrepreneurs for a couple of years now - diligently, patiently - and have learned a few things. However, 1M/1M is a development economics project.

Silicon Valley 114

Silicon Valley Technical Review Startup Early Stage 114

Rob Go

OCTOBER 1, 2013

Which is why I’m pretty psyched about Angelist syndicates, especially in relation to the Boston startup community. There is an endless river of talent (especially technical), the most VC dollars per capital of any major market, and many pillar companies in a lot of sectors that matter. Enter Angelist Syndicates.

Syndicate 64

Syndicate Syndication Boston Community 64

Rob Go

APRIL 19, 2017

Recently, I’ve been spending a fair bit of time with a number of the new early-stage investors in Boston. As more early-stage investors emerge in Boston, some folks have asked me whether I feel any discomfort around the many new “competitors” on the scene. There are a lot of new folks in the space.

Early Stage 34

Early Stage Boston Artificial Inteligence Term Sheet 34

This is going to be BIG.

DECEMBER 3, 2020

Diversification Finance 101 would tell you that, in the public market, you want to be in at least 20-30 names to eliminate a good chunk of the risk (as defined by the standard deviation of return) that you don’t actually get paid for. You’re spending less time in the market, less time building your profile, etc.

Portfolio 134

Portfolio Syndicate Syndication Deal Flow 134

Both Sides of the Table

APRIL 27, 2014

I started in 2007 with a thesis that my primary investment decision would be about the team (70%) and only afterward about the market opportunity (30%). Seed investors are aplenty and of course they need downstream money to fuel their early-stage bets. You have to decide how hard to help with downstream marketing for your deals.

Cofounder 374

Cofounder Syndicate Syndication Early Stage 374

Startup Professionals Musings

OCTOBER 5, 2015

I challenge any entrepreneur, for example, to define the difference between "seed-stage" and "early-stage" financing. Asking for early-stage money before you have customers and revenue will likely kill your credibility with real investors. Yet, knowing this distinction is important.

Seed Stage 120

Seed Stage Finance Early Stage Startup 120

Agile VC

MAY 26, 2011

The market size for online advertising, e-commerce, and web premium services are 1/10th to 1/3rd the size they are today. To give you a sense, for 2002 the entire US online ad market was $6B and had shrunk year over year (it was $25B+ for 2010). We’re a how-to site and community for small business on marketing. .

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Agile VC

DECEMBER 19, 2013

In addition, investing in startup tech companies turns out to provide only a modest level of diversification… angel investments tend to form a high beta portfolio, with reasonably close correlations to public equity markets. totally passive strategy won’t teach you much).

Angel Investor 265

Angel Investor Early Stage Syndicate Syndication 265

Haystack

AUGUST 18, 2019

If you’ve been following my tweets lately, you’ve read some of my quick musings on the state of the seed market this summer. years of investing in the seed stage, I have never seen activity levels like I’m seeing today. We know private markets hold the key to 100x or even 1,000x multiples. In short, in my 6.5

Seed Stage 108

Seed Stage Cap Table Early Stage Malaysia 108

Hunter Walker

FEBRUARY 5, 2019

” A great line uttered at dinner last night by one of the senior GPs at one of the best early stage funds. One question that’s been on my mind since we started Homebrew in early 2013 was whether seed venture would end up being multigenerational or not. Photo by Rod Long on Unsplash.

LP 92

LP Early Stage Syndicate Syndication 92

View from Seed

OCTOBER 16, 2019

When seed investing was less mature, there was a high degree of deal trading among early stage investors. This was because fund sizes were small, and many investors were relatively unsophisticated about leading early stage investments, so they liked to move in packs.

Deal Flow 45

Deal Flow Syndicate Syndication Cofounder 45

View from Seed

JANUARY 26, 2016

There are a number of factors that have contributed to the rise of pre-seed rounds, but the strongest have been the frothy late-stage financing market, coupled with both the scaling-up of some of the early winners in the institutional seed ecosystem and the scaling-down of some larger funds that retrenched after the financial crisis.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

Feld Thoughts

OCTOBER 1, 2015

At Foundry Group, we’ve experimented with lots of different things around company creation and early stage investment. We’ve made over 60 investments through FG Angels – our AngelList syndicate – and are one of the most prolific investors on that platform. We have a lot of investments in Seattle.

Seattle 70

Seattle San Francisco Angel Investor Syndicate 70

OnlyOnce

FEBRUARY 9, 2022

worked as advisors and mentors to numerous early stage founders and startups. I’ve never written before about those other “potential business opportunities” that our team was exploring along with our prior investment syndicate, Fred Wilson from Union Square Ventures, Greg Sands from Costanoa Ventures, and Brad Feld from Foundry.

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

View from Seed

AUGUST 20, 2014

Their aggressiveness sends a signal to the market. Lots of credibility, even at a very early stage. Strong credibility in the market if the round is led by a respected seed fund. It should be noted however that some angels belong to syndicates that allow them to speak for larger amounts of capital.

Startup 301

Startup Syndicate Syndication Boston 301

View from Seed

OCTOBER 21, 2014

Like any economic transaction, the pricing of a startup’s seed round ultimately depends on the equation of perceived supply (in this case, the quality of the team, product, and market opportunity) and the demand (how many competitive alternatives there are to any one given funder, including non-consumption). Lower-Than-Market Value.

Valuation 336

Valuation Founder Seed Stage Angel Investor 336

Both Sides of the Table

MARCH 6, 2015

*. If you are a 20-something tech entrepreneur you could be forgiven for thinking that seed-stage investors, Angellist Syndicates and widely available angel money always existed. I began asking around who the likely investors were for such a market. It is, of course, a very recent phenomenon.

Seed Stage 150

Seed Stage Silicon Valley Syndicate Syndication 150

Rob Go

JANUARY 27, 2014

Many of them for the better, as there has been a great surge in great talent going after big ideas and greater access to capital at the early stages. In the early stages, entrepreneurs have historically known who all their investors are. Plus, every early stage company goes through its ups and downs.

Syndicate 73

Syndicate Syndication Early Stage Cap Table 73

Agile VC

FEBRUARY 28, 2012

Startups in NextView’s portfolio frequently receive inbound interest from other VC investors who are intrigued about what they’re doing, and I often talk with other early-stage entrepreneurs how to approach similar situations. My perspective is basically to make an informed decision on a case-by-case basis.

Early Stage 100

Early Stage Syndicate Syndication Silicon Valley 100

VC Adventure

MARCH 17, 2016

I think what we’re really seeing here is market excitement around angel investing leading to a quick surge, followed by (I hope) a more normal and sustained level of activity. I’ve always felt that a robust angel financing market was important to startup ecosystems and the data on the next two charts really brings that home.

Syndicate 48

Syndicate Syndication Angel Investor Colorado 48

ConversionXL

MAY 27, 2022

This behavior has marketers pledging to up their demand generation budgets. Demand generation combines marketing tactics, strategies and programs to create awareness and drive interest in your products or services. But isn’t that the role of any marketer? Demand generation owes a lot to inbound marketing.

Demand 95

Demand Management B2B Campaign 95

View from Seed

JUNE 16, 2015

Our investment size may differ slightly from one company to the next, but it tends to be driven entirely by situation-specific factors (needs of the company, syndicate composition, anticipated reserves, etc) … and not based on our belief. We expect that a half to two-thirds will achieve product/market fit and warrant further investment.

Boston 120

Boston Syndicate Syndication eCommerce 120

ReadWriteStart

APRIL 13, 2012

In 1998, before they even incorporated, Google founders Sergey Brin and Larry Page were trying to present their concept to early-stage, or "angel" investors, with limited success. Angel investors want to know the true size of the market, revenue potential, barriers to entry and competitive landscape. What's your end game?

Angel Investor 128

Angel Investor Syndicate Syndication Exit Strategy 128

Feld Thoughts

JUNE 3, 2011

We have a very clear thematic strategy that we’ve discussed openly, along with a few other key principles such as being willing to invest anywhere in the US and being syndication agnostic. At dinner we zoned in on all of the current activity in early stage tech. Our conversation shifted to 2015.

Syndicate 129

Syndicate Syndication Distribution Early Stage 129