David Teten

JANUARY 19, 2021

As two fund managers employing Flexible VC, we think it is a healthy addition to the ecosystem and will yield more predictable and stable healthy returns for investors. Too often, investment structures force the management team to make decisions between misaligned growth and investment (return) objectives. Flexible VC 102: Variations.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

YoungUpstarts

NOVEMBER 12, 2020

Venture capital firms have become more discerning where they put their limited funds to use, and banks have always been anti-startup in their business dealings. Most startups have been competent in managing their cash burn by determining how they spend and utilizing government subsidies to meet their goals.

Bankruptcy 165

Bankruptcy Startup Agile Technical Review 165

Steve Blank

MARCH 31, 2014

But the world you lead will be much different from the one your professors knew or your predecessors managed. As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Instead of measuring success in dollars of profit, …firms focus on measuring capital efficiency.

Private Equity 329

Private Equity Metrics China Intellectual Property 329

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. . 1) Manage the firm . Before you can actually invest, you have to manage your fund. In the private equity universe, most Partners have primary training as deal-makers, not as managers.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

MAY 23, 2012

Many observers of the venture capital industry have questioned whether its best days are behind it. Looking ahead at the next decade I am excited by what I believe will be viewed as one of the best and most rational investment periods for venture capital due to seven discrete factors: 1.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

David Teten

AUGUST 19, 2019

Does the traditional VC financing model make sense for all companies? I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. I believe that Revenue-Based Investing (“RBI”) VCs are on the forefront of what will become a major segment of the venture ecosystem.

Revenue 60

Revenue Term Sheet Founder Technical Review 60

Up and Running

DECEMBER 9, 2014

Maybe you are wondering which metrics to track, or whether or not you should take out a loan for your business. Bates: Good morning and welcome to our CEO panel, “How to Fine-Tune Your Small Business Finances From Funding to Growth” which I think is the direction that we would all like to be going. My name is John Bates.

Small Business 95

Small Business Finance Forecast Metrics 95

Up and Running

FEBRUARY 16, 2022

Many startups and businesses dream of landing funding from angel investors and venture capital. However, very few businesses ever acquire venture capital funds. . Unfortunately, these atypical visionaries are unable to connect with people who control capital and investing. Stay educated and never stop learning.

Venture Capital 105

Venture Capital Finance Vermont Elevator Pitch 105

Steve Blank

OCTOBER 24, 2017

A founder’s lack of credibility/experience in growing and managing a large company hindered a company that wanted to go public. While 20th century metrics were revenue and profit, today it’s common for companies to get acquired for their user base. A 20th century VC was likely to have an MBA or finance background.

Founder 274

Founder Technical Review CTO Hire IPO 274

Austin Startup

MARCH 20, 2017

Since the field’s estimated beginnings in 2009 , subsegments like “feminomics” and “inclusive finance” have spun off, but at it’s core gender lens investing is: incorporating gender as a factor to guide investment strategies. Contrasted with an average VC fund size of $30M… there is a mismatch.

Private Equity 54

Private Equity Venture Capital United States Equity 54

Steve Blank

NOVEMBER 21, 2015

Ownership and management were one and the same – the owners managed, and there were no salaried middle managers or administrators. and to develop professional managers and management hierarchies to run them. In addition, firms found themselves now managing diverse product lines.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

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.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

Up and Running

OCTOBER 30, 2017

If you will be seeking outside financing, a business plan is a necessity. But, even if you are going to finance the venture yourself, a business plan will help you figure out how much money you will need to get started, what it will take to make your business profitable, what needs to get done when, and where you are headed.

Venture Capital 166

Venture Capital Business Plan Limited Liability Company Finance 166

David Teten

AUGUST 7, 2019

Likely signs of a Value investment: the company has challenges in filling out the round; the investors have more negotiating leverage than the founders during the closing process; the company has significantly better metrics (e.g. Today, some Momentum-centric venture capital investors have high paper returns.

Venture Capital 60

Venture Capital Valuation Stock NDA 60

Cracking the Code

MARCH 28, 2022

Today, Europe and Israel have generated 23 public companies worth $231B and private cloud financing reached c. The $900M of SaaS VC funding in 2015 now represents less than Europe's largest financing round, with Celonis raising $1B in June this year. Private cloud companies in the US, Europe and Israel have raised a whopping $78B YTD.

Global 62

Global Europe Software Review 62

Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

Silicon Valley 235

Silicon Valley IPO Technical Review Venture Capital 235

Up and Running

MAY 23, 2016

I used a freelance web designer and I only created the core functions to create, send, and manage invoices. Ryan Chan, founder at UpKeep said, “We created an LLC at first, but after realizing that we wanted to take on venture capital, we decided to move to a Delaware C corp.”. venture capital. Step 5: Get financed.

Software Review 74

Software Review Software Delaware Forecast 74

www.forentrepreneurs.com

FEBRUARY 2, 2010

SolidWorks 2: The best VAR management program in the world? SolidWorks 3: The best VAR management program in the world? Blog About Log in Register Designing startup metrics to drive successful behavior Great companies are almost always run by great management teams. This post is applicable to any kind of business.

Metrics 55

Metrics Design Entrepreneur Startup 55

Cracking the Code

JULY 6, 2007

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. SaaS business metrics: why are they different? Different models require different performance metrics. It also facilitates cash management since expenses varies by month. Cracking The Code.

Software Review 66

Software Review Metrics Valuation Technical Review 66

Both Sides of the Table

NOVEMBER 9, 2014

Generally speaking in venture capital financings the legal documents will specify that only “major investors” (a threshold set in the agreement – which can be $500,000 investor or more). Does he blog about venture capital and try to advise entrepreneurs? Has written a book on venture capital.

SEC 352

SEC Venture Capital Early Stage Cofounder 352

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). Task Management. Project Management Tools. Subscription Payments / Management. Managing APIs. Customer Relationship Management. Contractor Management. About VC Cafe. Startup Resources (Updated Mar 2013). VC & Startup Resources.

Software Review 53

Software Review Technical Review Startup 53

Ben's Blog

MARCH 24, 2011

Let’s look at public market comparables and venture capital flows to see if we can find a match. Similarly, in recent high profile private financing rounds for private technology companies with valuations over $1B, the valuation multiples were at or below corresponding multiples for publicly traded companies such as Google.

Technical Review 78

Technical Review Venture Capital Valuation Database 78

Up and Running

OCTOBER 21, 2014

As with anything, learning to manage, learning to be the boss and learning to run a business, are just things that happen over time and with practice. Beyond this list I encourage you to read about running and managing a business every day. Week 2 – Getting financed. Angel investment/venture capital funds.

Elevator Pitch 166

Elevator Pitch Software Review SBA Business Plan 166

K9 Ventures

JUNE 5, 2015

In that presentation, I said that Seed is not the first round of financing any more and that K9’s investments were mostly “pre-seed”. The Venture Capital industry as a whole does a terrible job of giving things the right name and so we end up keeping the same name, but changing the meaning out from under it.

Seed Stage 48

Seed Stage Venture Capital Early Stage Valuation 48

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

And when you look at the tools that we use, I mean we’ve made so many technological advances, but really to manage a meeting there’s not a practical tool available. We use email; we use Word; we use task manager; we use a file sharing tool. They are so happy that they finally have a tool to manage their business.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

Cracking the Code

AUGUST 3, 2011

I feel like I’m often looking for interesting things to read about a variety of subjects, but I manage to include your blog among my reads every day. Venture Capital. (3). SaaS business metrics: why are they different? Explore Venture Capital. Yahoo Finance. Posted by Philippe Botteri.

Software Review 67

Software Review Europe Technical Review Search 67

Steve Blank

JUNE 1, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. The Wrong Metrics. What do those numbers/metrics look like? Here’s how.

Silicon Valley 297

Silicon Valley Business Model Venture Capital Balance Sheet 297

Cracking the Code

DECEMBER 1, 2009

Venture Capital. (3). SaaS business metrics: why are they different? Explore Venture Capital. Yahoo Finance. Favorite Podcasts. (1). internet. (6). McKinsey highlights. (1). Online Gaming. (1). Portfolio. (3). sales and marketing. (10). Small and medium businesses. (2). software. (10). Blog Archive.

Software Review 48

Software Review Technical Review Cloud Europe 48

Haystack

JULY 4, 2019

Contrast that with a fund manager, who is often required to issue quarterly capital account statements usually paired with a cover note and updates on specific companies. For angels and early-stage pre-seed and seed firms, most of those financings do not come with information rights. Yes, of course.

Early Stage 167

Early Stage Deal Flow Finance Metrics 167

VC Cafe

JUNE 19, 2020

“Because COVID is shaking our habits and beliefs it opens the door to discussion to whether we should change our whole system,” says veteran investor Sir Ronald Cohen, chairman of the Global Steering Group for Impact Investment and the man known as “the father of British venture capital” .

Venture Capital 174

Venture Capital Global South Africa 174

YoungUpstarts

MAY 7, 2019

What makes it such a game-changer is that it provides target metrics, strategies and tactics that early stage startups can use to guide them through the crucial go-to-market phase. For us at Wildcat and for the management teams of our portfolio companies, the Traction Gap Framework has proved to be an invaluable resource.

Cleveland 217

Cleveland Early Stage Framework Startup 217

Steve Blank

JUNE 1, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. The Wrong Metrics. What do those numbers/metrics look like? Here’s how.

Silicon Valley 270

Silicon Valley Business Model Venture Capital Balance Sheet 270

reidhoffman.org

NOVEMBER 12, 2013

You may happen to emphasize the right points that pique an investor’s interest, but you shouldn’t leave your financing up to chance. Second, understand the broader financing climate. There will be one to three issues that are potentially problematic for your financing — address them head on. What will their concerns be?

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Steve Blank

DECEMBER 7, 2010

This Stanford class will introduce management tools for entrepreneurs. Working with your team you will encounter issues on how to build and work with a team and we will help you understand how to build and manage the startup team. Dave McClure, “Startup Metrics for Pirates”, [link]. What’s Different About the Class?

Wiki 316

Wiki Lean Management Business Model 316

Steve Blank

NOVEMBER 5, 2009

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. We also talk about cash flow management rather than fund-raising though – watch and justifying expenses by cash coming in that matches or exceeds. Did the VC’s like your team ?

Customer Development 267

Customer Development Developer Customer Silicon Valley 267

500hats.com

AUGUST 2, 2012

TL:DR : This post aims to recap significant changes in the venture capital industry over the past ten years, and then make some [biased] predictions as to major forces at play in the next five years. However, all three shifts are related and can be summed up simply as: Geeks are Taking Over Venture Capital.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

The Startup Magazine

APRIL 1, 2018

You can prepare for this by streamlining your business processes using workflow and project management systems such as Kanban board software. This is where metrics are particularly useful in quantifying the magnitude of the opportunity. Remember that VCs are not all the same.

Startup 95

Startup Portfolio Software Review Technical Review 95