Q3 2017 Round-Up: Portfolio News and Activities

Version One Ventures

We continue to invest in blockchain companies and funds such as Coinbase and Metastable Capital , which join our existing crypto portfolio ( Blockstack , Citizen Hex and Polychain Capital ). Here’s a quick recap of our other funding announcements, portfolio news, and product updates (the things we can announce publicly): Funding announcements. For more details, here’s founder/CEO Jevon MacDonald’s blog. We welcomed Gencove , a B2B sequencing company, to our portfolio.

VC Portfolio Strategy

Rob Go

VC’s, and particularly seed focused VC’s, pursue a variety of different strategies in their portfolio. It probably doesn’t really matter too much to entrepreneurs, but after a couple conversations about this with founders recently, I thought I’d share how we tend to think about it. The main parameters that VC’s tend to think about around portfolio strategy are: 1. The post VC Portfolio Strategy appeared first on ROBGO.ORG.

Trending Sources

Kindred Spirits – Our Investment In Founder Collective

Feld Thoughts

One of our recent investments, offered by Founder Collective (FC) – an eight-year-old manager with offices in Boston and San Francisco – is an excellent example of what we look for when we invest in funds offered by other managers. Investments fg next founder collective LP

Recapping Q2 2017: Portfolio News and Activities

Version One Ventures

Q2 has been busy for Version One and our portfolio companies – here’s a quick recap of select news coverage, funding announcements, and product updates (at least the things we can announce publicly): . Portfolio Companies in the News. The post Recapping Q2 2017: Portfolio News and Activities appeared first on Version One. We hope everyone had a great Canada Day and/or Fourth of July! It’s hard to believe that another quarter has flown by.

Design Staff ? Hiring a designer: how to review portfolios

Design Staff

Hiring a designer: how to review portfolios. It’s easy to spot a beautiful portfolio. As a founder without firsthand design experience, it’s hard to know what skills to value and how to judge a candidate. A portfolio isn’t a collection of pictures.

Founder Market Fit

Feld Thoughts

” But my post yesterday about The Power of Passion When Starting Your Company was about “founder market fit.” ” And I’ve come to believe that – especially among first time entrepreneurs – founder market fit is much more important than product market fit at the inception of the company. Founders come in with something they are super excited about. We’ve got lots of other examples of this in our portfolio.

The Emotional Co-Founder

Seeing Both Sides

There is a bias against solo founders in Startup Land. Many of the top accelerators, like Techstars and Y Combinator, won't accept founding teams that have solo founders. I was at an entrepreneur event the other night talking with a friend who is a solo founder.

Q1 2017 Round-up: Portfolio News and Activities

Version One Ventures

Q1 was a busy time for our firm and portfolio companies, and here’s a brief recap of some of the various news clippings, fundraising announcements, and other happenings across the V1 community. The V1 portfolio was well represented in Techvibes’ recent Canadian Startup Awards. named Mattermark ’s founder, Danielle Morrill, one of the 30 Inspirational Women to Watch in Tech in 2017, while Forbes called Outreach one of the top 20 B2B technologies to try in 2017.

(First Annual?) List of Go-To Early-Stage Service Providers in the NextView Ventures Boston Portfolio

Genuine VC

Recently, we surveyed our Boston-based NextView portfolio Founder/CEOs asking them about which service provider firms they’ve been using. The goal was to assemble data in order to share it back to our portfolio companies (especially the newer ones) so that they didn’t have to recreate the wheel in determining a short-list of firms to talk to when evaluating new options. When we took the poll itself, one founder said: “This is a great idea.

Founder Liquidity

K9 Ventures

Let’s say you’re the founder (I use a solo-founder in my example to keep things simple, but this could just as well apply to a founding team) of a startup called Blood, Sweat and Tears, Inc. If there is one piece of advice I would give to the founders of BST, it is to consider selling a part of their personal stock in the company at that stage. The objective is really to be able to get some risk off the table for the founders and not leave all their eggs in one basket.

Founder Liquidity

K9 Ventures

Let’s say you’re the founder (I use a solo-founder in my example to keep things simple, but this could just as well apply to a founding team) of a startup called Blood, Sweat and Tears, Inc. If there is one piece of advice I would give to the founders of BST, it is to consider selling a part of their personal stock in the company at that stage. The objective is really to be able to get some risk off the table for the founders and not leave all their eggs in one basket.

Founder Leadership Models

Seeing Both Sides

There are a number of founder leadership models that can work well as a startup evolves. Getting the founder model right is critical because the founder is the soul of a company. the founder becomes CTO). I have implemented each of these models in my portfolio.

How to Build a Successful and Diverse Venture Capital Portfolio Without Really Trying

This is going to be BIG.

Who is actually building a portfolio whose founders reflect the diversity of the greater population? I went back and calculated the number of companies in the first Brooklyn Bridge Ventures portfolio who have at least one founder who is female, from an underrepresented minority group, or LGBT. A whopping 17 of the 32 companies (53%) have founders that fit into those groups. Of the 32 companies in my portfolio, 18 (56%) were pre-product.

When Should Startup Founders Discuss Valuation with Seed VCs?

View from Seed

On the positive side for a founder, directly stating a high valuation expectation up front can anchor the negotiations to a higher level, assuming that an investor takes the leap of faith to invest. That said, we do reserve capital for follow-ons in later rounds with our existing portfolio.

Q1 Round-up: Portfolio companies in the news

Version One Ventures

If you’re not already familiar with the startups and founders making up the V1 portfolio, here’s a summary of some of this quarter’s news clippings. This past quarter, three of our portfolio companies closed funding rounds (we participated in all three): First, Booster Fuels raised a $9 million Series A from Maveron, Madrona Venture group, RRE Ventures, and V1. Portfolio companies in the news.

The rise of the female founder

Version One Ventures

Women are underrepresented as engineers, management, investors, and founders. venture capital deals go to women founders and CEOs. Business Insider recently crunched the numbers behind 26 of the top venture capital funds in Silicon Valley and learned that the percentage of female-founded startups in their portfolios ranged from a high of 19% to a low of just 4%. However, there are signs that the situation, at least when it comes to female founders, is improving.

What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

To most founders a startup is not a job, but a calling. Founders can now access the largest pool of risk capital that ever existed –in the form of Private Equity (Angel Investors, family offices , Venture Capitalists (VC’s) and Hedge Funds.). What does this mean for startup founders?

How to be your VC’s favorite portfolio company

The Next Web

But good portfolio companies should get more, because VCs have a lot more to give – especially to companies that deserve it. But investors have dozens of portfolio companies and likely aren’t going out on a limb for founders.

Tool and resource list for new founders

The Startup Toolkit

Dribbble – browse designer portfolios, many of whom also freelance. The Funded – reviews and testimonials of investors from the founders’ perspective; do your investor due diligence here. A braindump of the tools I frequently turn to for my projects.

Got "Founder Fit?" If You Want Venture Capital, You Need It

Up and Running

A few weeks ago I spoke with Boris Wertz, founder of JustBooks, COO of AbeBooks and founding-partner of Version One Ventures. In ” At present, Version One Ventures portfolio includes startups from all over the United States and Canada. The founder drives the culture.

[Interview] Ed Rempel, Certified Financial Planner, Founder Of Unconventional Wisdom

YoungUpstarts

In addition to the salary/dividend issue, whether to invest inside their corporation, and how much they need to save, their plan should include diversifying a retirement portfolio with other investments. .

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Please Succeed or Fail Fast: Why Large VCs & Seed Rounds Could Lead to Portfolio Conflict Down the Road

Hunter Walker

There are lots of implications for founders – both positive and less so – so they should go into these opportunities thoughtfully, but at Homebrew we’ve enjoyed co-leading with some BigVCs and anticipate we’ll happily continue to do so when it makes sense for the entrepreneur. Less discussed is what I believe to be a primary challenge for these larger funds making meaningful commitments to seed companies: competitive conflict within their portfolio.

Introducing NextView III and Our Focus on the Everyday Economy

View from Seed

For this reason, we’re excited to announce that we have closed on NextView’s $50M third fund, with a mission to champion founders who are redesigning the Everyday Economy. . First, are the founders looking to redesign or just improve a current solution? Blog Portfolio

Founder Institute This Summer in Colorado

Feld Thoughts

So when Jim Franklin, the CEO of SendGrid (one of our portfolio companies and a TechStars Boulder mentor) asked if I would write a post about the Founder Institute program in Boulder, I told him that I’d give him control of my blog to write a guest post on it. I have enormous regard for Jim and Jon Nordmark, his co-host of the Founder Institute Denver program and want to be supportive of anything they are involved in.

Investors need to actually use their portfolio products

Version One Ventures

Should an investor really be expected to use the 10, 15, or 20 products in his or her portfolio? As an investor, using a portfolio company is easier when dealing with consumer apps and companies. As a start-up founder, you should make it a priority to include product presentations in board meetings or schedule separate sessions to go through the product demos. The post Investors need to actually use their portfolio products appeared first on Version One Ventures.

A Founder's Guide to M&A

Hazard Lights

As a Founder of a venture backed company, eventually the question of whether and how to seek liquidity for your shareholders will come into question. This data is consistent with our most recent experience at Flybridge: in 2014 we had six acquisitions and one IPO across our portfolio.

The Other Founder

Seeing Both Sides

I’ve been thinking a lot lately about the unsung hero of many start-ups: the other founder. A lot has been written about the founder/CEO and her growth and evolution as a company grows. Larry Page is the other founder.

How To Allocate Founder and Employee Equity

A VC : Venture Capital and Technology

Joel Spolsky , c0-founder and CEO of our portfolio company Stack Exchange , posted an excellent answer to the question in the title of this post on the Stack site OnStartups. Before factoring in dilution from investors, the founders should end up with about 50% of the company, total. Nobody who is not working full time counts as a founder. The thing I love the most about Joel's post is he throws darts into a lot of conventional wisdom about founder equity allocation.

Meet Our Newest Portfolio Company, Airbnb

Ben's Blog

They were joined by a third co-founder, Nathan Blecharczyk, who brought programming expertise. The website is clean and very intuitive—not surprising, I guess, when two of the founders are designers. Portfolio CompaniesThis is a guest post by Jeff Jordan, General Partner of Andreessen Horowitz. Talk about a business with humble roots. Brian Chesky and Joe Gebbia met at the Rhode Island School of Design and became roommates in San Francisco in 2007.

Accidental VC: The Most Dangerous Question for Founders to Overlook in Pitches

View from Seed

Founders must address distribution in their pitches both overtly and succinctly. Their business models are, in many cases, focused on outlier exits within the portfolio. Accidental VC is a series of short posts written by me, Jay Acunzo.

Founders – Use Your Down Round To Clean Up Your Cap Table

Feld Thoughts

In our portfolio, we generally don’t have this problem because we aren’t big fans of either (a) overfunding companies or (b) escalating burn rates based on headcount. I have two simple rules for founders in my head from this experience. Deal with reality as a founder as well as an investor group and avoid this complexity – just clean up your cap table instead. Mark Suster wrote a great post yesterday titled The Resetting of the Startup Industry.

A Stroll Through The NextView Portfolio

Rob Go

A year ago, I wrote a post detailing some tidbits about our portfolio. I believe that the best way to understand an investor is to meet the founders that they work with. Second best is to understand their portfolio. So here is an unscientific cut of our portfolio and some commentary below. Founders: We invest behind founders from a variety of backgrounds. Broadly speaking, they break down something like this: First Time Founder: 6.

Values Build Startup Culture: A Founder’s Take on Getting Started

View from Seed

This is a guest post from Ben Rubin , co-founder and CEO of Change Collective , which offers courses for behavior change with world-class experts. When my co-founder Derek and I sat down to start Change Collective, we had two things driving us: impact and culture. (I’ve Portfoli

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Second Startups: Why Founders Often Struggle to Find Their Second Act

View from Seed

Investors love the idea of backing second-time founders, especially if they have had success in their last company. etc… In addition, first-time founders I speak to often talk about how much they have learned and how they resolve to do things differently and better the next time.

How founders get paid: non-strategic acquisitions, dividends, and private islands

The Startup Toolkit

As a founder, you get a pile of money in one of four ways: You generate profits and keep some (dividends). 5mm/year) and someone buys you to add that revenue to their portfolio (revenue-based acquisition). Career Entrepreneurship Founders Startup Basics

Brett Berson - Turning a Portfolio into a Community.

Redeye VC

And while I’m super excited about the strength of our investment team, and the value we can add personally -- we’ve worked very hard to transform our portfolio of entrepreneurs from an unconnected group of companies working independently into a community of entrepreneurs who help each other. We want First Round to be a founders First Call. Ever since I became a VC, one of the most frequent questions I get asked is: “Don’t you miss being an entrepreneur?

A founder’s advice on hiring a VP of Sales

Version One Ventures

One of the best parts about having a strong portfolio filled with smart people is the wise advice that founders share with each other. In this case, one of V1’s portfolio companies has been looking to hire a VP of Sales and I asked Jon Zimmerman ( @jpzimmerman ), CEO of Front Desk , to share his experiences and insight on the matter. We included the VP of Sales of another Version One portfolio company and a few of our board members on loops.

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What Is NextView’s Focus? Another Stroll Through Our Portfolio

Rob Go

As a founder, it feels like a long time, but it’s really a blip on the radar in the scheme of things. This is why I’ve made a habit of profiling our portfolio quantitatively and why we write summaries announcing pretty much all of our new investments. So, here is our annual quantitative summary of our portfolio. We have no junior investment staff, we are a partner driven investor that is focused on each and every portfolio company. First Time Founders: 9.

Introducing Gotham Voices: An Email Newsletter for NY Tech

View from Seed

That’s why we’ve created a number of resources for founders and techies in the New York ecosystem, including our continually updated Hitchhiker’s Guide to New York Tech and last year’s NYC State of Seed Report. Independently, one of the things I’ve noticed about social media tech conversations is that they tend to be overly centered on founders and operators from Silicon Valley. Blog Portfolio Resources

Founder Superpowers: Areas Where Top Entrepreneurs Can Be Truly Exceptional

View from Seed

I’d argue that successful founders must actually possess a superpower to make the nearly impossible task of getting a startup off the ground become a reality. Yet despite their differences, each of these powers give founders the ability to perform superhuman tasks.