Both Sides of the Table

JANUARY 30, 2016

I wanted to encourage more of our Limited Partner (LPs, or the people who invest in VC funds) to attend our annual meeting in person. I told him that I had observed every LP on their computers doing email and that clearly they were bored, to which he replied, “We like boring Powerpoint presentations.

Community 150

Community Los Angeles LP Portfolio 150

David Teten

SEPTEMBER 23, 2017

PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Johann Kratzer of Blue Future Partners , a fund of funds, observed, “The majority of the hundreds of funds we’ve diligenced rely predominantly on their relationships to source deals. Greylock Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

APRIL 13, 2021

Ha Duong, investment principal at Ocean Investment, a single family office, said to me via email, “It’s extremely hard to identify a good placement agent to work with. Limited partner checklist for evaluating funds. Opaque industry. Fundraising hacks for VC and private equity funds.

Private Equity 60

Private Equity Technical Review Management LP 60

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. Superhuman **, my email client. Jourdan Urbach, Managing Partner of Brandt & Co.

Social Media 60

Social Media Technical Review Media Private Equity 60

Both Sides of the Table

FEBRUARY 17, 2019

Having read his latest op-ed on email I know why I erred towards the side of of not loving his book as much as some did. Apparently he’s an “organizational psychologist professor and thinks that it’s rude not to answer email. I also surmise that perhaps organizational psychologists don’t get as much unsolicited emails as some of us do.

Email 250

Email Seattle Mobile Limited Partner 250

David Teten

AUGUST 1, 2017

I get emails every week from mid-level and senior executives who want to join a growth company. Brad’s colleague Linkel Eakman, a prominent limited partner, published his guide: A Human User Interface….with So I put together some notes on how to due diligence a management team, from the point of view of a prospective colleague.

Technical Review 60

Technical Review Due Diligence Management Cofounder 60

Both Sides of the Table

SEPTEMBER 23, 2010

Two emailed Marc Benioff directly. He emailed the head of corp dev to say essentially, “who is this guy who’s telling everybody he’s working with Salesforce.com. I asked every VC not to call Salesforce. I was concerned that too many inbound calls would put pressure on my fledgling relationship. How did VCs respond?

Entrepreneur 292

Entrepreneur Technical Review Stealth Valuation 292

Both Sides of the Table

NOVEMBER 9, 2014

So I recommend a high-level “state of the company” email a couple of times a year but a message that you assume might get shown to others. This investor decided to use the fact that they got into a company that appears to be doing well to their benefit to almost fraudulently persuade limited partner investors to give them money.

SEC 352

SEC Venture Capital Early Stage Cofounder 352

Both Sides of the Table

FEBRUARY 6, 2019

Yes, VC / Startup Funding is up Massively If you look at how much VC firms have raised from Limited Partners (LPs) over the past 2 decades you’ll see that we’ve returned to a level that we haven’t seen since 1999. Maybe add your email to receive the next post delivered to your email box? Still reading?

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. I think there are some real virtues to that, however, when I talk to my business partner, Ishan [Sachdev], about it, I use a slightly different metaphor: I talk about Jiro [Ono], Nobu [Matsuhisa], and Benihana. On Sushi and VC.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

David Cohen

SEPTEMBER 13, 2019

She told me that most of her Limited Partners (investors in her fund) didn’t seem to care about the frequency of capital account statements. Rather than just sharing it with her in email, I’m posting that data here for the benefit of all.

Management 90

Management Limited Partner .Net Finance 90

Both Sides of the Table

FEBRUARY 25, 2019

Every year I invited my largest investors to NYC to have an LPAC meeting (Limited Partner Advisory Committee?—?kind Some board members spend all of their time in the meeting on electronic devices doing email or even checking social media. I practice what I preach. kind of like a board for a VC firm). I’ve seen both quite a bit.

LP 269

LP Startup Burn Rate Stock Options 269

Steve Blank

JULY 2, 2009

If you were a “with it” VC you needed to have a “Content&# or “Multimedia&# company in your portfolio to impress your limited partners – educational software companies, game companies, or anything that could be described as content and/or Multimedia. Not all VCs are equal. To Order Outside of the U.S. Now In Print!

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

Both Sides of the Table

MAY 9, 2012

I was here to see one of our LPs (limited partners are the people who invest money in VC funds) called Fort Washington. They’ve been a long-term investor in our fund – GRP Partners – and it was important to me to spend time with them in their home market and meet the people with whom they deal locally. It’s Wedneday. Or a Skype.

Houston 364

Houston Dallas Los Angeles Chicago 364

VC Cafe

MARCH 27, 2022

Both me and my partner at Remagine Ventures, Kevin Baxpehler, are wrapping up busy weeks. In the panel I moderated on the role of startups in building the new Internet , at Calcalist Mind the Tech 2022, Jay Jubas, a Senior Partner at McKinsey made a clear distinction: Web2 – the Internet as we know it today. link] — jack??

Cofounder 179

Cofounder Venture Capital Equity 179

Berkonomics

JUNE 15, 2017

From the moment such an investor looks seriously at your company, the investor or VC partner is thinking of the end game, the ultimate sale of the company or even of an eventual initial public offering. Taking in angel or venture money requires a setting of an entrepreneur’s expectations that may come as a shock at least at first.

Liquidity Event 97

Liquidity Event Initial Public Offering Dividend Valuation 97

David Teten

AUGUST 18, 2017

Email templates. Email templates. We have an ever-growing collection of email templates for origination, marketing, fundraising, recruiting, negotiation, etc. To the extent possible, we try to use our social media presence to point back to our website, our Partners, and/or our portfolio companies’ websites.

Due Diligence 60

Due Diligence Marketing Reputation Social Media 60

The Equity Kicker

NOVEMBER 18, 2015

I’m at the Super Investor conference in Amsterdam, which is the main event each year when private equity and venture capital fund managers and their investors (Limited Partners out LPs) get together. It’s becoming a cliché that read raising for a VC fund is like raising for a startup.

Private Equity 60

Private Equity Venture Capital Startup Limited Partner 60

Both Sides of the Table

MARCH 1, 2010

But when I’m looking to invest the dollars that my Limited Partners have entrusted my firm with I’m going with my view. This return won’t be enough for me to justify for me partners.” GRP Partners had also funded my first company. I’m happy for others to disagree. So what is the “entrepreneur thesis?”

Entrepreneur 321

Entrepreneur Warrant Silicon Valley Early Stage 321

ithacaVC

MAY 28, 2013

Our VC partners at a firm are constantly asking “what’s going on with XYZ company” Frequent communication from the CEO helps us give good answers to our partners. You should assume that “update” type emails from CEOs are forwarded to partners inside our VC firms.

Limited Partner 49

Limited Partner Partner Email Search 49

Austin Startup

MARCH 7, 2021

These are all potential customers and strategic partners for startups. In order for Frisco to achieve its full vision to be a destination city for VC’s, we have to be part of a larger, statewide network to support our partners and entrepreneur support organizations to help advance our collective and common goals.”

Texas 90

Texas San Antonio Houston Dallas 90

finance.fortune.cnn.com

AUGUST 21, 2012

Now Fortune has obtained more granular data, including returns for dotcom-era funds managed by such firms as Accel Partners, Benchmark Capital, General Catalyst Partners and Lightspeed Venture Partners. 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

Both Sides of the Table

OCTOBER 1, 2009

Sentiment is strong in personal portfolios and up commensurately with VC’s expectations that their last fund will now be worth something (and along with that increase the partners’ personal wealth). This is one book-end of the cycle. but I’ll save that for post 3/3). So eventually the money has to start flowing.

IPO 255

IPO Investment Bankers Venture Capital Marketing 255

Berkonomics

JANUARY 27, 2010

From the moment such an investor looks seriously at your company, the investor or VC partner is thinking of the end game, the ultimate sale of the company or even of an eventual initial public offering. Taking in angel or venture money requires a setting of an entrepreneur’s expectations that may come as a shock at least at first.

Liquidity Event 67

Liquidity Event Initial Public Offering Dividend Valuation 67

Steve Blank

OCTOBER 29, 2009

The Group is worth noting for: Investing their own private money, Reid Dennis would found Institutional Venture Partners in 1974 First group specifically investing in the valley’s electronics industry SBIC Act of 1958 During the cold war the launch of Sputnik-1 by the Soviet Union in 1957 both traumatized and galvanized the United States.

Silicon Valley 125

Silicon Valley SBIC San Francisco RSS 125

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. LIMITED PARTNERS (LPS). They are the real capital that make the system work.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

www.paulgraham.com

APRIL 28, 2010

So I sent all the founders an email asking what surprised them aboutstarting a startup. 5 ]Some VCs seem to understand technology because they actuallydo, but thats overkill; the defining test is whether you can talkabout it well enough to convince limited partners. [ Its worth takingextreme measures to avoid that. [

Technical Cofounder 110

Technical Cofounder Startup Cofounder Founder 110

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. And I could have sworn they all had the same badge.) To Order Outside of the U.S. Now In Print!

Silicon Valley 247

Silicon Valley Thailand RSS Venture Capital 247

K9 Ventures

NOVEMBER 30, 2008

I would welcome a discussion on this topic and invite any interested folks to either leave their comments below or email me directly if they prefer. The General Partners (GPs) are the operating guys. Assume Shylock Ventures has 10 partners who are going to invest the $500M fund over 5 years. Background.

IRR 48

IRR Venture Capital LP Early Stage 48

venturehacks.com

SEPTEMBER 22, 2011

The top firms are mainly in the business of making money for their limited partners by picking the startups that are going to succeed with or without their value add. A poem: We read every email, but cant respond to most, or we wouldnt have time, to write a post. founders@venturehacks.com

Equity 40

Equity Cap Table Valuation RSS 40

Professor VC

FEBRUARY 26, 2010

I know there are at least a few of you as I received several emails this week along the lines of "no new posts since November???" My first reaction is incredulity that limited partners would buy into this idea. Email This BlogThis! Well, Im back. Was amused to read about Right Side Capital this week. Steve Bennet.

San Jose 28

San Jose Silicon Valley Venture Capital Angel Investor 28

Professor VC

JANUARY 20, 2009

million from Lighthouse Capital Partners , which ultimately became critical to our balance sheet and they turned out to be a great partner as we worked through the equity financing process. Some were also dealing with issues of limited partners struggles with capital calls and asset allocations. Email This BlogThis!

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

Professor VC

SEPTEMBER 24, 2009

I was a limited partner in Angel Investors, LP, Ron Conways fund in the late 1990s. Email This BlogThis! Lets get back to the topic of gut investing. They clearly went on gut and were often accused of drive-by investing, but that has to be the only way to invest in 200 companies over a 3-year period. Steve Bennet. at 1:04 PM.

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33