David Teten

SEPTEMBER 23, 2017

We use the vendors of PE/VC investing data I list above to track the interests of potential private equity/VC coinvestors, and selectively introduce our companies as I build out a syndicate. . 9) Time, market, and exit investment. ExitRound helps early stage companies identify buyers.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Agile VC

FEBRUARY 21, 2012

We’re thrilled to have among our limited partners a select group of individuals from the startup ecosystem as well as several large institutional investors (including a university endowment, a corporate pension fund, and a multi-family office). NextView’s inaugural fund is just over $21 million.

LP 100

LP Seed Stage Silicon Valley Limited Partner 100

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

Pascal's View

AUGUST 22, 2009

Such market power allows bankers to shapes the profile of those companies worthy of going public to favor the natural demand from their largest clients: short-term trading focused hedge funds and large institutional investors that demand highly liquid public securities. Share and Enjoy:

IPO 40

IPO Merger Institutional Investors Venture Capital 40

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. Syndicate Composition: NextView + Seed Funds + Angels: 9. We don’t need to be the lead, and in a number of cases, we have participated alongside another lead. This isn’t a quota.

Portfolio 49

Portfolio Seed Stage Cofounder B2B 49

David Teten

DECEMBER 3, 2019

Excel and Google simply aren’t going to cut it if you expect to build a high quality institutional investor base.”. Beacon technology system , which automatically outbound-solicits a universe of over 10,000 institutional investors, without requiring LPs to register for an online network of funds. .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

FEBRUARY 3, 2014

We drew on our work with leading institutional investors and in-depth interviews with over 150 funds. Historically, institutional investors kept their investing strategy very discreet. We published the full report in the Journal of Private Equity ; it’s now the #2-most viewed article in the Journal’s history.

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

My key takeaways from talking to roughly 40 institutional investors in the valley about investing to an European startup are: Traction cures all ills. Jeff Clavier, Seed stage investor in 90+ consumer internet startups, said: We all have a different approach to non Silicon Valley opportunities.

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 #5: Institutional investors are eager to cut larger checks rather than smaller ones. This is like a chef who likes to buy a whole cow in order to serve a client one hamburger.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

Austin Startup

AUGUST 1, 2017

The binary “get yacht-level rich or die trying” mindset is driven, first and foremost, by large institutional investors. Success for institutional VCs is driven not by absolute dollars returned, but by % returns on capital. If I put in $2MM and get out $10MM in a $50MM exit, that’s a solid 5x return.

Liquidation Preference 48

Liquidation Preference Common Stock Valuation Silicon Valley 48

Hunter Walker

DECEMBER 21, 2014

BUT we went to market asserting that Homebrew should take the seed investor Board seat. This would make room for a meaningful number of other investors in the syndicate but also the concentration we needed. That was shortsighted and to be honest, I don’t even recall why we started with this assumption. No more, no less.

Cofounder 102

Cofounder Seed Stage Syndicate Syndication 102