David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups. Cobalt for General Partners helps GPs to optimize their fundraising strategy. 1) Manage the firm

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

View from Seed

MAY 29, 2019

Historically, seed rounds were syndicated among several different firms. Today, we are seeing less syndication of seed rounds and sharper elbows among many of the funds in the market. Instead of broadly syndicated rounds, we are seeing much more competition for fewer slots. Why Is Seed Investing Becoming More Sharp Elbowed?

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

Rob Go

JANUARY 7, 2013

But we behave pretty much exactly the same way in those companies as we do when we are the lead and only institutional investor. This equates to 3-4 investments that are “led” internally by each partner. Syndicate Composition: NextView + Seed Funds + Angels: 9. We invest in about 10 companies each year.

Portfolio 49

Portfolio Seed Stage Cofounder B2B 49

David Teten

FEBRUARY 3, 2014

We drew on our work with leading institutional investors and in-depth interviews with over 150 funds. Now that I’ve been an institutional VC for a few years, I thought it would be helpful to revisit our findings from the investor side of the table. dedicated deal sourcers for every generalist investment professional.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

David Teten

JULY 11, 2019

Ranked in descending order of frequency of use, they are: 1) Syndicate the investment out to coinvestors, without charging any fee. I recently wrote about How VCs Structure a Syndicate and Recruit Coinvestors. These are designed to allow an institutional investor to invest followon rounds in existing portfolio companies.

Syndicate 60

Syndicate Syndication Institutional Investors Dilution 60

VC Cafe

FEBRUARY 6, 2011

Jussi Laakkonen , CEO & founder of Applifie, summarized it well: We recently raised our seed round at Applifier and it was led by a silicon valley seed fund MHS Capital, whose general partner is Mark Sugarman. Use your network #2: approach a corporate financier who advised a company we recently partnered.

Silicon Valley 104

Silicon Valley Startup Seed Stage Delaware 104

David Teten

NOVEMBER 15, 2013

Since I became an institutional investor, my #1 learning is: this is a highly unusual and somewhat baffling industry. Disruptable Pattern #4: Most investors put in only a modest amount of their own money into their funds. Disruptable Pattern #5: Institutional investors are eager to cut larger checks rather than smaller ones.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

Hunter Walker

DECEMBER 21, 2014

It’s true that there are only a select number of institutional investors who are willing to take Board seats (largely due to high volume investing models than Homebrew employs), but when we co-invest with a likeminded fund, we’re often thrilled to see a partner from that fund assume the Director role.

Cofounder 102

Cofounder Seed Stage Syndicate Syndication 102