Agile VC

OCTOBER 23, 2012

The VC industry (both the GP part and the LP part) pays attention to the sector’s returns, but the broader tech ecosystem only occasionally tunes in. 2) No Synthetic Alternative – If an LP can’t “buy” VC as an index, could they replicate the returns of an index some other way?

LP 176

LP Accredited Investor Carried Interest Portfolio 176

The Equity Kicker

MARCH 19, 2012

The LP Update Meeting. I’m just back from our semi-annual update to the LPs in one of our funds, and I thought I would share the experience with you all. We have around a dozen LP update meetings a year across our four funds and they are the most important moments of contact we have with our investors. Manager update.

LP 97

LP Europe Portfolio Private Equity 97

David Teten

JANUARY 23, 2021

For ideas, see How Executives Can Work from Home with Private Equity and Venture Capital Funds. Yohei Nakajima, Founder of Untapped.vc , said, “Before pitching LPs and building my firm, I talked with over 50 people I knew to get feedback.” . Use online networks to more efficiently identify the right potential LPs.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

Both Sides of the Table

MAY 27, 2013

Any CEO worth his or her salt knows that her investors get an insane amount of emails and often spend 8+ hours / day in meetings (board meetings, pitches, partner meetings, LP meetings, corporate relationship meetings) so often email is done on the run on one’s iPhone or in the early morning / late evening. Always seek input.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

Hunter Walker

APRIL 27, 2014

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. On matching Google’s salaries when you should be building a culture and vision that pulls the best talent towards you with generous equity compensation instead of cash. We love our founders.

LP 97

LP Cofounder Term Sheet Valuation 97

David Teten

MAY 4, 2011

On Wednesday May 18th, the YJP, I, and some other colleagues will be hosting our Young Jewish Professionals Private Equity and Hedge Fund Summit. Hundreds of hedge fund and private equity professionals, executives, and investors will be gathering in Chelsea to meet, mingle, and brew the future over the finest whiskey bar southside.

Private Equity 122

Private Equity Equity LP Boston 122

Both Sides of the Table

SEPTEMBER 29, 2013

I had a chance to discuss AngelList Syndicates with Naval at Michael Kim’s Cendana LP/VC conference on a panel with Naval, Roger Ehrenberg (IA Ventures) and Mike Brown, Jr. Many of the good and great of our industry are talking about AngelList. Must be doing something right! Bowery Capital).

Syndicate 356

Syndicate Syndication Cofounder Early Stage 356

David Teten

SEPTEMBER 2, 2017

It’s hard enough to get a job at a venture capital or private equity firm; it’s even more complex to join as a Partner. So I would start by sharing with the fund an institutional LP due diligence checklist , and ask them to share their data room with you. These are many of the steps I went through when I joined HOF Capital.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

David Teten

JANUARY 21, 2021

V: Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? VI: Revenue-based financing: The next step for private equity and early-stage investment. VIII: The Leading Flexible VCs, With Structures Between Equity and Revenue-Based Investing. We plan to raise $2.5m

Equity 78

Equity Revenue Cofounder Colorado 78

VC Cafe

JULY 4, 2022

billion in 2,251 deals during the second quarter through June 15, versus about $70 billion in 3,369 deals in the first quarter • Declining valuations: In the secondary market for private equity, 55% of the equity offered for sale in May was offered at a discount to the companies’ valuations per share, compared with 47% in March and 35% in January.

Venture Capital 167

Venture Capital Valuation Private Equity LP 167

VC Cafe

FEBRUARY 1, 2011

London Business School is proud to present the London Business School 2011 Private Equity Conference. and Vincenzo Morelli (Partner – TPG Capital and Chairman of European Private Equity Roundtable). Panels : Value Creation – Driving LP returns through operational excellence. VC Cafe is proud to be a media partner.

Private Equity 79

Private Equity Equity LP Limited Partner 79

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . In the private equity universe, most Partners have primary training as deal-makers, not as managers. (To see the video above, please click the image, and then click on the Play button.).

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Eric Friedman

DECEMBER 30, 2020

4/ Streaming equity – venture funds + employee stock becomes more liquid. 7/ SaaS roll-ups and micro-private equity become huge. Operating as a sort of fund-of-funds model there is an economy of scale program for figuring out the GP/LP structure, working out the services providers like legal, audit, and tax handling.

Stock 120

Stock Private Equity Option Pool LP 120

David Teten

MAY 4, 2011

The Capital Roundtable is holding a MasterClass May 26 on “ Best Practices for Sourcing Quality Deal Flow & Developing New Business for Private Equity Funds “, and I’m honored to be one of the speakers. Bennett, Ground Swell Equity Partners LP. Gebelein, Private Equity Growth Advisors LLC.

Private Equity 122

Private Equity LLC LP Equity 122

BeyondVC

JUNE 29, 2005

Every year the Dow Jones Private Equity Analyst puts together a show where fund managers can listen to what the LP community is interested in and where they plan on allocating their dollars. In the early morning, a show of hands revealed about a 20% LP audience and 80% fund manager group.

LP 60

LP Private Equity Due Diligence Venture Capital 60

Feld Thoughts

FEBRUARY 7, 2019

During one of the Techstars Boston cohorts where I’ve been Mentor-in-Residence, I worked with a 20-something CEO founder (code named Mary) who, shortly after raising a seed round of several million dollars, hired a high-powered exec, granting a significant equity option. Jay has embraced this responsibility for every Boston cohort since then.

Boston 118

Boston LP Startup Equity 118

David Teten

AUGUST 21, 2019

Most founders who are raising capital look first to traditional equity VCs. Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the preferred equity structure most VCs use. Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? But should they? Optionality.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Both Sides of the Table

OCTOBER 14, 2015

I spoke at Michael Kim’s excellent annual Cendana VC/LP conference today. The truth is that the brutal reality of public markets is that they self correct much more quickly than our shitty little private equity illiquid corner of the universe. Here’s my take away. I put up this slide as part of my discussion.

Burn Rate 150

Burn Rate San Francisco Private Equity LP 150

The Equity Kicker

NOVEMBER 26, 2013

LPs, the investors in VC funds, have a difficult job to do, largely because they have to work with poor quality data and only a small fraction of VCs deliver the returns that make them worth investing in. Discipline also helps to keeps a venture fund’s loss ratio low which is important as they are ultimately stewards of LP investment funding.”

LP 154

LP Venture Capital Portfolio Reputation 154

David Teten

APRIL 13, 2021

LPs tend to assume that the highest-quality managers have all the demand they can handle. Private equity/venture capital managers have a much longer duration than most any other fund type. Thus, many LPs have outsourced their investment management processes to professional investment consultants (ICs).

Private Equity 60

Private Equity Technical Review Management LP 60

Hunter Walker

APRIL 4, 2014

Part of our presentation will be portfolio financials, which, because we’re relatively new, aren’t exceptionally volatile (LP speak: most of our investments are still carried at original value since no additional fundraising has occurred). other venture/private equity shops. high net worth individuals. family offices.

San Francisco 100

San Francisco Private Equity LP Syndicate 100

VC Cafe

JUNE 18, 2012

TechStars – the Denver/NY based incubator in collaboration with Cooley, LLP , offers an equity financing structure and a debt one, drawing on its experience funding hundreds of startups. SECA – the represnetative body for Switzerland private equity has LP and VC documentation templates, including models: [link] mplates.aspx.

Open Source 110

Open Source Switzerland Private Equity LP 110

The Equity Kicker

OCTOBER 25, 2012

One of the world’s larger investors in venture capital recently shared data with us about the multiples they have made on over 5,000 companies they had stakes in via their LP investments in US VC funds.

LP 150

LP IRR Venture Capital Naming 150

Hunter Walker

AUGUST 24, 2014

The opportunity cost of a startup in forfeited salary and in-the-money equity at larger tech companies can be considerable. I conjecture there’s a secondary benefit to managed liquidity for founders: it may help diversify founder populations.

Founder 108

Founder San Francisco Liquidity Event LP 108

David Teten

JUNE 1, 2011

I enjoyed participating in last week’s Capital Roundtable Private Equity Masterclass on “ Best Practices for Sourcing Quality Deal Flow & Developing New Business ” (May 26 th , 2011). Glickman, Resilience Capital Partners LLC Luke Johnson, Platinum Equity LLC Robert B. View more presentations. Wells, PE-Nexus LLC.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

David Teten

MARCH 2, 2013

He surmises that LPs aren’t buying the argument that large funds don’t perform. Beyond the fact that LP capital commitments don’t prove anything about returns, however, large funds are likely much more resilient to a few bad years than small funds are. But why would any LP ever drop out of such a fund?

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

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.”. Private Equity Coinvestment: Best Practices Emerging (PWC).

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

Genuine VC

OCTOBER 18, 2011

If you’re invited to present at the annual LP meeting (which is a good signal), spend time schmoozing with the growth equity team or the clean-tech side of the house. Out-of-sight is out of mind, and in a larger partnership the intangibles of perception and buy-in really do count.

Valuation 154

Valuation LP Boston Partner 154

Growthink Blog

MAY 3, 2010

Series B funding, as you may recall, is the 2nd institutional round of equity funding that a company receives. Other participants in the round included Adams Street Partners, Angeleno Group, PCG Clean Energy & Technology Fund, Vedanta Capital LP, New Silk Route, The Westly Group, and current investor MissionPoint Capital Partners.

Venture Capital 71

Venture Capital LP Syndicate Syndication 71

The Equity Kicker

JULY 8, 2019

Moreover, most LPs are wary of larger than average management fees, fearing that the extra money won’t be deployed in a way that improves returns, and in particular that the Partners at the funds will simply use the money to increase their drawings. . The GP-LP structure used by most funds is a brake on innovation here too.

Portfolio 84

Portfolio LP Venture Capital Partner 84

Feld Thoughts

NOVEMBER 24, 2016

NetGenesis got some of eShares equity, eShare got the net.Thread product, and I joined the eShare board. I eventually co-founded SoftBank Technology Partners (which became Mobius Venture Capital) and SoftBank (the corporation) became a 50% LP in Flatiron with Chase. Jerry had just invested in eShare. We made more investments together.

Non-Compete 70

Non-Compete LP Venture Capital Affiliate 70

www.quora.com

SEPTEMBER 22, 2011

Type to Add and Search Questions; Search Topics and People Startups Startup Compensation Entrepreneurship Compensation Stock Options Major Internet Companies Silicon Valley Why is there such a large founder to early employee equity drop-off? This ties into this Paul Graham article: [link] /equity. Login if you already have an account.

Equity 40

Equity Employee Founder Cofounder 40

Both Sides of the Table

AUGUST 24, 2015

Our investors often allocate across different classes (real estate, commodities, public stocks, bonds and private equity – of which VC is a subset). This doesn’t happen with every LP and it probably doesn’t kick in unless things get worse.

Stock 150

Stock Finance Marketing Valuation 150

Agile VC

JULY 19, 2012

Back in the 2000-2001 timeframe, a flood of LP capital was coming into the VC asset class given the strong returns of the mid-late 90s tech boom/bubble. For example FRC launched a founders equity exchange fund and various programmatic forms of knowledge sharing like list serves, CEO summits, conferences, etc.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

K9 Ventures

OCTOBER 10, 2017

The first time I used the words “pre-seed” (yes, the initial use was in all lower-case, but then became upper-case over time) was on June 27, 2013, at the K9 Ventures LP Meeting. Q: Does a Pre-Seed require founders to give up more equity in the company? That said, you will find Pre-Seed deals in both flavors — Notes and Equity.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Austin Startup

JULY 23, 2010

The company announced that is just completed $13M in financing from existing investors SMH Private Equity Group, ABS Ventures, Austin Ventures, and Trellis Partners. These are some things to think about when pricing products dynamically, but I’m sure Zilliant’s products are not just focused on realtime web.

Balance Sheet 67

Balance Sheet Private Equity LP IPO 67

Growthink Blog

AUGUST 14, 2010

His core thesis is that successful private equity investing is now driven by quickly getting to the smaller investment exit. And if you don’t have a $100 million bankroll and the very right connections to become a Kleiner or Sequoia LP, you’re not joining their club.

Private Equity 67

Private Equity Intellectual Property IPO Venture Capital 67