David Teten

JANUARY 19, 2021

Seed-stage compatible: Like traditional equity VC investors, Flexible VCs accomodate early-stage investment risk within their portfolios better than a traditional RBI funder. Inaccessible to great majority of early-stage companies. Further reading: The Evolution of Entrepreneurial Finance: A New Typology.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Both Sides of the Table

FEBRUARY 6, 2017

WINTER For starters when we conducted our annual VC & LP survey in December of 2016 to prepare our annual Upfront State of the VC Industry report we found that twice as many VCs cut their investments in 2016 relative to 2015 with > 30% of VCs having cut investments. Unless of course something Trump’s our good weather.

Venture Capital 150

Venture Capital Saudi Arabia Kuwait Burn Rate 150

VC Adventure

MAY 5, 2022

In markets like this, funds that deploy quickly generate markups on their full portfolio; those that show more patience suffer from an IRR perspective as a larger portion of their fund is yet to be marked up by subsequent financing rounds. Traditionally LPs have viewed this as positive. management fee).

IRR 116

IRR Metrics Valuation LP 116

K9 Ventures

OCTOBER 10, 2017

I’ll start with all the questions I can think of, from many different perspectives: founders, LPs, the press, and even other VCs. This post is intended to be a dynamic document, and I will attempt to update it from time to time with new questions that may arise or as financing trends evolve. Q: Define Pre-Seed?

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Hunter Walker

APRIL 24, 2017

Folks outside of seed stage venture often think “winning” deals is the most important part of being a great investor, but I’d argue it’s “seeing” the best opportunities that’s actually the strongest indicator of future fund success.

Cap Table 71

Cap Table LP Seed Stage Vertical 71

Feld Thoughts

MAY 8, 2012

Yesterday I sent emails out passing on participating in two seed rounds for companies I really like. They had lots of investors trying to invest and each company was competitive with two other seed stage companies we’ve seen in the past 30 days. Finally, we believe strongly in active engagement as a seed investor.

Seed Stage 138

Seed Stage LP Warrant Syndicate 138

Haystack

APRIL 27, 2018

Looking back on this, in a way, it’s silly; yet, for seed-stage investors and the founders we back, getting companies from seed to Series A is a really important milestone, a milestone I’ve likened to getting into the graduate school of one’s choice.

Naming 60

Naming Venture Capital Seed Stage Cap Table 60

K9 Ventures

OCTOBER 12, 2015

This is probably especially true of the early stage (pre-seed and seed) stages of financing since so much of the “new LP” money coming into the system is directed at these stages of companies. This means more noise in the system for seed stage investors.

Venture Capital 48

Venture Capital Seed Stage LP Valuation 48

Bryce Dot VC

NOVEMBER 19, 2012

We’ve been deeply fortunate to have been able to catch the seed stage wave early and work with some of the most dynamic and thoughtful founders in our industry. Since that first fund super angels have sprouted wings, accelerators have been, um, accelerating company formation and incubators have stopped being a 4 letter word.

Seed Stage 61

Seed Stage LP Incubator Venture Capital 61

Haystack

JULY 20, 2018

Will the next company to raise $100M in financing just poach from decent seed-stage companies and pay triple the amount to lock up talent? Will folks be able to buy a house and raise their families here? Will the Bay Area’s cost structure compress the precious runway these newco’s have?

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

Both Sides of the Table

JUNE 29, 2011

I believe some VCs have entered the early-stage market as simply an option on future financing rounds. I think Micro VCs are best at what they do, A/B round investors ought to be mostly A/B round investors and late-stage investors out to focus on companies that are already profitable and growing rapidly.

Venture Capital 296

Venture Capital Software LP Early Stage 296

David Teten

MARCH 18, 2021

For example, Point Nine Capital focuses on B2B SaaS and marketplaces at the seed stage, across many industries. Revenue-Based Finance and Flexible VC investors invest using “alternative VC” structures, as opposed to conventional preferred equity and convertible notes. “software”); 43 invest in 2 types of technology (e.g.,

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

Both Sides of the Table

OCTOBER 18, 2015

I spoke last week at the annual Cendana VC/LP conference. Of course they built protection into many of their financings that allows them downside protection against IPOs if the price is lower than the price they paid. If you’d like to follow me there my FB profile is here ]. So eventually rationality has to occur.

IPO 150

IPO Venture Capital LP SEC 150