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

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.

Private Equity 79

Private Equity Equity LP Limited Partner 79

Eric Friedman

DECEMBER 30, 2020

4/ Streaming equity – venture funds + employee stock becomes more liquid. 5/ The rise of operator angels + micro VCs explodes in 2021. This is already happening, but there will be an explosion of rolling funds, operator angels, and micro investors who want to co-invest in friends, companies, and cohorts they are a part of.

Stock 120

Stock Private Equity Option Pool LP 120

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. . I walk through below how progressive investors are using technology and analytics throughout all of their operations. When I was single, I registered for (a lot of) dating websites.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

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

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

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

The Equity Kicker

JULY 8, 2019

This trend accelerated through the emergence of VC and operator blogging in the early 2000s. . In addition to Platform and Applied Venture strategies, the trend towards hiring ex-operators into partner roles at VC firms can be seen in this light. The GP-LP structure used by most funds is a brake on innovation here too.

Portfolio 84

Portfolio LP Venture Capital Partner 84

Hunter Walker

AUGUST 24, 2014

Yes, at early stages you want to maximize investment going into company operations and not private pockets but that’s why these conversations should happen openly and with structure (for example, series FF which requires Board approval to liquidate in a financing).

Founder 109

Founder San Francisco Liquidity Event LP 109

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

” But even among large partnerships there is a gradation, where some firms operate as a conglomerate of Lone Rangers and some are more collaborative in nature. 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.

Valuation 154

Valuation LP Boston Partner 154

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

The Equity Kicker

JANUARY 11, 2013

I was chatting with a friend last night about the lack of institutional investor (LP) interest in European venture capital as an asset class. We both believe that now is an attractive time to invest in European technology startups and started why we think so differently to most of the people we would like to invest in our funds.

LP 143

LP Europe Institutional Investors Venture Capital 143

The Equity Kicker

JULY 16, 2012

Most VCs (especially those with limited operational marketing experience, or in a few cases, those with too much good fortune with big wins) have no understanding of this. This strategy is called “Niche to Win”. I think this is a really important point and one that is not widely understood.

LP 105

LP Early Stage Valuation Differentiation 105

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

Hunter Walker

SEPTEMBER 29, 2022

Starting a venture capital blog post with 1970s country music lyrics is pretty uncommon, but so is writing about when and why an investor might choose to sell equity before the company exits. Most of this discussion is about ‘playing offense’ — working towards being a good steward of LP capital and the risk/reward associated with VC.

Venture Capital 122

Venture Capital Cap Table LP Equity 122

Professor VC

NOVEMBER 19, 2009

I attended the annual LP meeting for a venture capital firm this week and got into a discussion about the above question. And now I know exactly where I want to spend my time" "This internship truly provide me an entry point into the private equity world. ProfessorVC. The last blogger in Silicon Valley. Thursday, November 19, 2009.

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

David Teten

DECEMBER 12, 2017

As a globally focused LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing proprietary solutions or adopting off the shelf tools. 20 years ago, much of public equity investing was done by mutual funds run by a few smart folks picking stocks.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Both Sides of the Table

JUNE 29, 2011

Open cloud led by Amazon with their AWS services drove total operating costs down by 90%. As some of the last generation of startups have gotten bigger many VCs have also chased later-stage investments that were traditionally dominated by growth equity or mezzanine funds. The LP Community Hasn’t Yet Caught Up.

Venture Capital 296

Venture Capital Software LP Early Stage 296

View from Seed

OCTOBER 29, 2014

The nature of LP investors can vary widely, but the bulk of the capital in the VC ecosystem comes from large institutions like pension funds, endowments of universities and hospitals, charitable foundations, insurance companies, very wealthy families (aka family offices), and corporations. new buildings, etc). What Are These Intermediaries?

LP 335

LP Private Equity Institutional Investors Venture Capital 335

Both Sides of the Table

FEBRUARY 24, 2019

When an entrepreneur takes on investors who take equity (i.e. The board is where large equity investors get their representation. The first is that if chosen correctly they should provide operating experience that is relevant to your business that will be represented on your board. VCs most certainly do have skin in the game.

Warrant 187

Warrant LP Cofounder Founder 187

Agile VC

OCTOBER 29, 2014

The nature of LP investors can vary widely, but the bulk of the capital in the VC ecosystem comes from large institutions like pension funds, endowments of universities and hospitals, charitable foundations, insurance companies, very wealthy families (aka family offices), and corporations. new buildings, etc). What Are These Intermediaries?

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

VC Cafe

APRIL 29, 2020

Many of these businesses operate in the digital realm and have seen limited impact on revenues – some have even seen their revenues explode VC Backed Startups and PPP: Do You Really Need It? Source: NVCA , “Startup Ecosystem Faces Capital Crunch over Coming Months” USA – SBA Loans and PPP.

SBA 124

SBA Technical Review Startup 124

Agile VC

DECEMBER 6, 2012

This person is an experienced CEO and a veteran of several startups, yet appreciating this nuance of how VC’s operate their business was relatively unfamiliar to him. If Acme Ventures III, LP invests in Startup X then typically Acme Ventures IV, LP would not. Why is this?

LP 178

LP Balance Sheet Differentiation Limited Partner 178

Austin Startup

JUNE 26, 2019

I recruited a top-flight engineer and serial entrepreneur to build our MVP, on equity?—?and As we self-funded on a tiny amount of cash, sweat equity and vision, we also worked in a methodical manner, moving the ball down the field week by week. and every other team member the same way. you win on 50% + 1 or you don’t…).

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

The Equity Kicker

JANUARY 19, 2016

Banking and consulting will give you strategy and tactics but not the operational experience and running a startup doesn’t teach strategy. To that I would add empathy, patience, grounding, creativity and hustle. There’s no single career that prepares you for that. So everybody has to learn on the job.

Europe 60

Europe IPO LP Venture Capital 60

abovethecrowd.com

APRIL 20, 2016

As discussed above, these terms can cleverly fool the inexperienced operator, because they are able to “meet the ask” with respect to cover valuation, and the accepting founder does not realize the carnage that will come down the road. This is uncharted territory. ” Go public. If you over-fund the industry, aggregate returns fall.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

David Teten

MARCH 18, 2021

Avataar Ventures invests exclusively in companies which fit these criteria: “$15 Million + in Annual Recurring Revenues; Strong Tech-Led B2B & SaaS Companies; Core Operations in India/ South East Asia; Open to Active Partnering.” As such, there are 3 stakeholders when building a thesis: the investing Partners, the LPs and the founders. .

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

David Teten

NOVEMBER 23, 2020

In its first full year of operation, VCAP attracted 159 applicants. In an article you wrote for Techcrunch in 2019 about Revenue Based Investing you mentioned that “ traditional equity VC is biased structurally against some women and underrepresented founders”. Why is that? One example of a structural solution is targeted outreach.

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60