David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. 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. Of the Inc. 5000 companies, only 6.5% return cap.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Steve Blank

MARCH 31, 2014

In fact, it was only 7 years ago that Apple shipped its first iPhone and Google introduced its Android operating system. Unfortunately as we’ve learned from recent experience, using Return on Net Assets and IRR as proxies for efficiency and execution won’t save a company when their industry encounters creative disruption.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

David Teten

SEPTEMBER 16, 2014

Based on his track record, by 2008 he was able to found ff Venture Capital , an institutional angel investment firm (where I am a Partner). Average Angel Returns Over Time. Time Period. Total Investments. Exited Investments. 1994 – present. Band of Angels Website FAQ. Sohl: “The Angel Investor Market in 2011: The Recovery Continues”.

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

David Teten

NOVEMBER 17, 2011

While working on my most recent startup, Navon Partners , we were fortunate to have Raul Trevino , a star former Citi investment banker and Columbia MBA, interning with us. Projections were based on dozens of operational assumptions related to pricing, production, marketing spend, etc. Participa.me

Employee 155

Employee IRR Startup Mexico 155

Both Sides of the Table

MAY 25, 2013

The better way to think about VC returns is, do the firms consistently beat alternative asset clases on an IRR basis to adjust for the increased risk and lack of liquidity? I’ll admit that I do know one VC firm who’s strategy is not to call their entrepreneurs and not to be involved in operations. I call often.

LP 374

LP Later Stage IRR Term Sheet 374

David Teten

JULY 10, 2017

Angel investing is an exceptionally high-return asset class; I have collected twelve studies on angel returns in the US and UK, which show median internal rate of return (IRR) between 18 and 38 percent. My proposed model looks a bit like the way many VC funds operate internally, except with far more Partners than normal.

Employee 60

Employee Balance Sheet Syndicate Syndication 60

Steve Blank

AUGUST 5, 2014

I was on the way to my lifetime IRR of 90%. My two best partners went off to start Benchmark Capital, very successful to this day, so my firm was going to blow up. We brought in all operating guys—all had done startups, all had technical backgrounds. I loved the business, and I was good at it. But then, trouble.

Venture Capital 333

Venture Capital Silicon Valley Chicago Cofounder 333