Both Sides of the Table

MAY 24, 2021

Since funds were driven by extreme successes in their portfolios where just one deal could return 5x the entire fund while 95% of the fund may have done well but not amazing, not missing out on deals was critical. This “overnight success” was first financed in 2004. It literally drove FOMO. The virtue of going long.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

VC Cafe

AUGUST 11, 2022

A couple of weeks ago I was did a fireside chat with Alon Grinshpoon, founder and CEO of Echo3D , a CDN and CMS for 3D content in the cloud and a Remagine Ventures portfolio company, as part of an entrepreneurial finance MBA class in Tel Aviv University. The needle in the haystack. So choose your partner wisely.

Founder 187

Founder Term Sheet Cofounder Venture Capital 187

Both Sides of the Table

SEPTEMBER 15, 2022

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. But I thought a better way of thinking about how we manage our portfolios is to think about it as a funnel. This translates to about 12–15 investments.

Technical Review 416

Technical Review Pre-Money Valuation San Francisco Valuation 416

Both Sides of the Table

FEBRUARY 12, 2019

Over the past month a colleague ( Chang Xu ) and I sifted through data on the venture capital industry (as we do every year) and made a bunch of calls to VCs and LPs to confirm our hypotheses. why the hell has seed financing declined so much in the past 3 years?? This begs the question … Why Has Seed Investing Stagnated?

Venture Capital 328

Venture Capital Technical Review Seed Stage IPO 328

View from Seed

JANUARY 11, 2021

Noting our own experience, we questioned whether the fast proliferation of virtual interaction introduced by the COVID-19 crisis had changed investor decision-making more broadly across the venture capital industry. Following initial decision paralysis, many venture capitalists have returned to pace.

Venture Capital 350

Venture Capital Cofounder Early Stage Seed Stage 350

VC Adventure

JUNE 14, 2022

Companies looking to raise money turn to venture capital for a variety of reasons. Top among them is generally access to capital, but often on the list is the hope that raising capital from experienced (and well-networked) investors will have other positive impacts on their business.

Technical Review 150

Technical Review Due Diligence Portfolio Venture Capital 150

Both Sides of the Table

APRIL 28, 2010

VC Financings: 1. Other players such as Obopay have set out to focus on mobile person-to-person cash transfers, mFoundry (a GRP portfolio company) has focused on mobile banking and a mobile wallet and one of my favorite companies m-via is focusing on mobile remittances (right now between the US and Mexico). Read more: TechCrunch.

Venture Capital 270

Venture Capital Cofounder Spain San Diego 270

ReadWriteStart

OCTOBER 20, 2023

The Venture Capital Influence The role of venture capital (VC) has become increasingly prominent in shaping the tech startup scene. With its potential to revolutionize various sectors, from healthcare to finance, staying updated with such trends is essential.

Technical Review 137

Technical Review Startup Silicon Valley Agile 137

View from Seed

JANUARY 13, 2021

First, the winners in most portfolios don’t often have a true recap round. What will be interesting to see if whether seed funds that have raised their “opportunity funds” will use these dollars to defend their existing portfolio if the market turns really sour. There are a few reasons. I think this is a real issue. Then Doordash.

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

View from Seed

DECEMBER 4, 2019

One or two of the best companies may continue to appreciate, but most of a VC’s portfolio has probably been realized, written off, or has maxed out its value. The longer the portfolio maintains the same value without distributing back cash, the worse the fund’s ultimate IRR. This would suggest that TVPI would be performing well.

LP 256

LP IRR Distribution Portfolio 256

View from Seed

DECEMBER 11, 2019

But even at the Partner-level, the amount of transition in Venture Capital is much more than you perhaps would expect… especially in a business which should have a long term orientation with portfolio investment-hold periods and Partnerships lasting more than a decade. So why is there so much turnover in Venture Capital?

Venture Capital 204

Venture Capital Cap Table Partner LP 204

David Teten

MARCH 5, 2021

What can we learn from the best 40 venture capital investments of all time? This would be easy to detect: among their portfolio companies, do startups with female founders outperform those without? First Round Capital found that among its portfolio companies, startups with female founders outperformed those without by 63%.” .

Cofounder 78

Cofounder Founder Technical Cofounder Technical Review 78

Steve Blank

APRIL 11, 2013

Examples are Hollywood for movies, Milan for fashion, New York for finance and today, Silicon Valley for technology entrepreneurship. Venture Guiding Fund. In 2007 the Ministries of Science and Finance raised the stakes to get VC’s focused on funneling more VC money into growing startups – they set up a Venture Guiding Fund.

Programming 278

Programming Technical Review SBIR China 278

Both Sides of the Table

JULY 23, 2014

There has been much discussion in the past few years of the changing structure of the venture capital industry. The rise of alternative sources of capital (crowd funding and the like). The overall trends in our industry have breathed a new life into the venture capital industry. The iPhone was released.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

David Teten

AUGUST 20, 2019

In addition, their portfolios look far more diverse than VC industry norms. I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. I have been impressed by how these venture capitalists are accomplishing a major social impact goal…without even trying to.

Revenue 60

Revenue Cofounder Founder Venture Capital 60

Haystack

JULY 20, 2018

This is a post I’ve wanted to write for a long time, but I needed the time to digest all the other great posts on the topics by other investors, and to analyze specific portfolio data from Haystack over the last five years. Well, that time has finally come. Will folks be able to buy a house and raise their families here?

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

Steve Blank

APRIL 12, 2013

This post is about the rise of Chinese venture capital and how it helped build the countries entrepreneurial ecosystem. The Rise of Chinese Venture Capital. By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors.

Venture Capital 271

Venture Capital China Offshore SBIR 271

ReadWriteStart

JULY 26, 2022

In addition, it provides support services like integrated banking, finance, embedded logistics, and vetted suppliers. Additionally, it provides trade financing, intelligence, analytics, and ERP integration. According to, Crunchbase, it received an undisclosed sum in unknown series funding from Evonik Venture Capital, Pinpools.

Germany 175

Germany San Jose Technical Review India 175

online.wsj.com

SEPTEMBER 23, 2012

SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. The National Venture Capital Association estimates that 25% to 30% of venture-backed businesses fail. NAME David Cowan.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

VC Cafe

OCTOBER 29, 2020

With that said, Israeli Venture Capital funding broke a new record in Q3 2020, according to an IVC report. Anecdotally, we see a lot of activity in seed and pre-seed financing at Remagine Ventures, with sizeable deals closing very quickly. In September alone , Israeli startups raised $1.2

Venture Capital 148

Venture Capital Angel Investor Later Stage 148

Steve Blank

NOVEMBER 1, 2011

Every potential early-stage Venture Capitalist should take a year and do it before he or she makes partner. Venture capital as a profession is less than half a century old. Rolodex/deal flow (deal sourcing/ability to make connections for the portfolio). venture/operating partners to get them into new industries.

Venture Capital 332

Venture Capital Early Stage Technical Review Startup 332

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. This is a summary of: Revenue-Based financing: State of the Industry 2020. IV: Should your new VC fund use Revenue-Based Investing?

Equity 78

Equity Revenue Cofounder Colorado 78

Version One Ventures

SEPTEMBER 19, 2022

Since then, the space has only heated up (bad pun, I know) with more startups building and even more venture capital available to scale them. The resulting growth in EVs will spur lots of infrastructure and software to manage grid interaction, optimize storage, operate fleet networks, and facilitate financing.

Green 78

Green Technical Review Distribution Software Review 78

Genuine VC

MAY 20, 2013

Compared to most other areas of finance, venture capital is practiced as more of an art, as opposed to a science. The art of venture capital also means that for entrepreneurs raising it, there isn’t one definitive playbook which can be used as a guide. MYTH: The venture capital model is broken.

Venture Capital 244

Venture Capital Cap Table Portfolio Early Stage 244

Version One Ventures

APRIL 30, 2013

Despite the recent media buzz surrounding the hardware revolution and emerging maker space, the overwhelming majority of hardware startups have a hard time attracting financing today. As a result, most venture capitalists are reluctant to touch hardware projects, opting for the lower costs and smaller risks of software.

Venture Capital 128

Venture Capital Software Review Incubator Startup 128

Steve Blank

APRIL 26, 2022

Except, that is, for the bottom feeders of the Venture Capital business – investors who “ cram down ” their companies. For existing investors, sometimes it was a “pay-to-play” i.e. if you don’t participate in the new financing you lose. Other times it was simply a take-it-or-leave-it, here are the new terms. They’re Back.

Cram Down 404

Cram Down Founder Venture Capital Recapitalization 404

Both Sides of the Table

JULY 26, 2022

In short, In Venture Capital, Size Matters Size matters for a few reasons. As a starting point we believe it is easier to consistently return multiples of capital when you aren’t deploying billions of dollars in a single fund as Fred Wilson has articulated consistently in his posts on “ small ball ” and small partnerships.

San Francisco 408

San Francisco Early Stage Venture Capital Los Angeles 408

Steve Blank

APRIL 11, 2013

Examples are Hollywood for movies, Milan for fashion, New York for finance and today, Silicon Valley for technology entrepreneurship. Venture Guiding Fund. In 2007 the Ministries of Science and Finance raised the stakes to get VC’s focused on funneling more VC money into growing startups – they set up a Venture Guiding Fund.

Programming 170

Programming Technical Review SBIR China 170

David Teten

MARCH 18, 2021

Our four primary learnings: Public theses are often inconsistent with how firms actually deploy capital. Investment theses are just hypotheses; the portfolio shows how accurate the hypothesis was. of venture capital deals. Those companies have garnered only about 2% of all capital invested. 1) Industry funds.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

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. . The proportion of LPs using technology to manage their portfolios will continue to increase, and GPs unable to provide quality data to LPs will find it increasingly hard to retain and attract LPs.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Hunter Walker

FEBRUARY 17, 2022

There’s so much context required to really understand portfolio companies, and there’s no real way to learn it without diving in head first. Homebrew: Venture capital is no longer as opaque as it was 10 years ago, but a lot of what gets shared is pro-VC content marketing more than the real day-to-day reality.

Venture Capital 85

Venture Capital San Francisco Portfolio Operations 85

Startup Lessons Learned

DECEMBER 14, 2017

LESSON #1: Equip your business with a portfolio map and a 21st century org chart. To do the same, Alex recommends building two things: a business portfolio map that recognizes invention as necessary and an updated organization chart. So that gives us two different management structures for these two different portfolios.”

Lean 245

Lean Startup CTO Hire Cofounder 245

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. Then we combined this with observed data from the behavior by coinvestors in our own portfolio. And so next we codified our own ruleset.

Venture Capital 122

Venture Capital Cap Table LP Equity 122

David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. We detail below the major categories of VC: VENTURE CAPITAL TYPOLOGY. FLEXIBLE VC VS. OTHER VENTURE CAPITAL MODELS.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Version One Ventures

APRIL 8, 2020

While this is a fine initial use case, I look forward to the development of more p2p lending for productive purposes (think microfinance, small businesses lending, or venture capital), which will help to create actual new wealth and dampen volatility. Exciting times ahead!

Software Review 131

Software Review Venture Capital Open Source Portfolio 131

Steve Blank

APRIL 12, 2013

This post is about the rise of Chinese venture capital and how it helped build the countries entrepreneurial ecosystem. The Rise of Chinese Venture Capital. By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors.

Venture Capital 163

Venture Capital China Offshore SBIR 163

www.xconomy.com

JUNE 9, 2012

New San Diego VC Firm Emerges as ‘The Moneyball of Venture Capital’. Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional business model for venture investing.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40