View from Seed
DECEMBER 4, 2019
At the time, I spent most of my time describing the metrics themselves and how VCs and their LPs evaluate performance based on these measurements. If you aren’t familiar with these metrics, I recommend reading the original post to get a sense of the numbers that I’ll be reviewing here. LP Constraints. Clearly, 0.62
VC Adventure
MAY 5, 2022
I’m observing that IRR is a metric that is becoming an increasing focus in venture, replacing fund return multiple as the key metric of success. I understand the draw of IRR, and – as a fund draws to a close – there’s no question it’s an important metric. management fee). Venture is a long game.
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Both Sides of the Table
FEBRUARY 20, 2019
A-round venture capital firms will almost certainly make it a requirement that they get a board seat upon financing. If you are a super hot commodity then you may possible retain some board control through the B-round of financing with a 3–2 structure where the 2 is one seat for the A investor and one for the B investor.
Both Sides of the Table
MAY 27, 2013
In this period (less than 2 years) he has brought on incredibly talented senior execs is sales, marketing, product management, client services, finance, vp engineering and more. By being so metrics driven we can have a lot more quantifiable and objective discussions at board meetings and at mid-point reviews. . Further Reading.
David Teten
JANUARY 19, 2021
This structure allows for alignment on the front end, and real-time flexibility for performance metrics,” says Samira Salman , a family office investor and advisor. . Flexible VCs have created structures based on other company performance metrics than revenues, such as profits or founder salaries. Flexible VC 102: Variations.
Austin Startup
AUGUST 10, 2017
Although we were studying finance, we were always more interested in tech. Before graduating, I decided to forgo the finance path and instead dove into engineering and later sales and product management roles at VersaSuite (health IT) in Austin. But we never lost the finance bug. We were infatuated with tech.
Both Sides of the Table
MAY 27, 2016
I was asked again in an LP meeting later in the week and then again at a founder breakfast gathering we hosted yesterday. I spend hours thinking about the products, competitors, market opportunities, recruiting and financing of these businesses. I answered in the same way I always do so I thought I’d just write it publicly.
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