Both Sides of the Table

MARCH 1, 2016

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. The best and most consistent funds in Silicon Valley (e.g.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Austin Startup

MARCH 15, 2021

A “who’s who” list of Silicon Valley leaders moving to ATX This shift did not happen overnight?—?it Texas continues to dominate the headlines… Hewlett Packard Enterprises and Oracle move to Texas Elon Musk relocates to Texas , building a Tesla Gigafactory and a SpaceX factory. it has been decades in the making.

Accredited Investor 106

Accredited Investor Texas San Antonio San Francisco 106

David Teten

JANUARY 9, 2018

a “Bitcoin Fund”, a “Social Media Fund”, a “Nanotech Fund”), you’re going to raise capital from Limited Partners who are very focused on Theme X. If you define yourself as a specialist in narrow and well-known theme X (e.g., – Network. It seems reasonable to assume that USV’s investment strategy (i.e.,

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

David Teten

JANUARY 9, 2018

a “Bitcoin Fund”, a “Social Media Fund”, a “Nanotech Fund”), you’re going to raise capital from Limited Partners who are very focused on Theme X. If you define yourself as a specialist in narrow and well-known theme X (e.g., – Network. It seems reasonable to assume that USV’s investment strategy (i.e.,

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

Steve Blank

JUNE 1, 2011

Silicon Valley, New York). Investors get board seats to assure themselves and their limited partners that they are duly informed about their investment. If you’re in a technology cluster like Silicon Valley you may be able to attract ad hoc advice from experienced investors. Here’s how. better user growth.

Silicon Valley 290

Silicon Valley Business Model Venture Capital Balance Sheet 290

Steve Blank

JUNE 1, 2011

Silicon Valley, New York). Investors get board seats to assure themselves and their limited partners that they are duly informed about their investment. If you’re in a technology cluster like Silicon Valley you may be able to attract ad hoc advice from experienced investors. Here’s how. better user growth.

Silicon Valley 258

Silicon Valley Business Model Venture Capital Balance Sheet 258

David Teten

DECEMBER 24, 2015

The question some of our limited partners ask us is, “Why?”. While Canada doesn’t yet have the deep financial and technical infrastructure that cities such as San Francisco and New York have built over many years of flourishing startup activity, many Silicon Valley alumni are recognizing an opportunity and relocating north.

New York 60

New York Venture Capital Canada Silicon Valley 60

David Teten

AUGUST 19, 2019

Founders First Capital Partners : “Founders First Capital Partners, LLC is building a comprehensive ecosystem to empower underrepresented founders to become leading premium wage job creators within their communities. Founders First Capital Partners defines these high performing organizations as Zebra Companies.”.

Revenue 60

Revenue Technical Review Software Review Equity 60

Steve Blank

MARCH 22, 2009

So I gave my “ The Secret History of Silicon Valley ” talk as the keynote to the CIA’s venture capital conference. Their VC firm, In-Q-Tel , has been in business for 10 years, and like most VC firms they have an annual event where they show off their new portfolio companies to their limited partners and other VC partners.

Silicon Valley 247

Silicon Valley Thailand RSS Venture Capital 247

Austin Startup

MARCH 7, 2021

The second wave of companies were mainly concentrated in Silicon Valley, and coincided with the rise of platforms (Google, Facebook, etc.) At the same time, early-stage companies are thinking beyond the high prices of Silicon Valley to put down roots and find financing and growth partners.

Texas 90

Texas San Antonio Houston Dallas 90

Scott Edward Walker

DECEMBER 18, 2016

The betrayal that you will feel in Silicon Valley cuts deeper than any betrayal you’ll feel at the seventh-grade dance when your date runs-off.” (at Remember: VC’s have fiduciary obligations to their limited partners (i.e., My favorite nuggets: “It’s all fun and games until you raise a Series B.” (at

Silicon Valley 40

Silicon Valley Limited Partner Venture Capital Founder 40

Both Sides of the Table

MAY 9, 2012

I was here to see one of our LPs (limited partners are the people who invest money in VC funds) called Fort Washington. They’ve been a long-term investor in our fund – GRP Partners – and it was important to me to spend time with them in their home market and meet the people with whom they deal locally.

Houston 364

Houston Dallas Los Angeles Chicago 364

Pascal's View

MARCH 8, 2010

It’s that time of the year again– time to send out audited financial statements and K-1’s to your limited partners– which means it’s also a great time to address some of the common questions that investors raise about VC partnership governance and disclosure issues. entitled to receive from a VC fund?

Limited Partner 28

Limited Partner Government Delaware LP 28

ReadWriteStart

JUNE 13, 2011

Silicon Valley, New York). Investors get board seats to assure themselves and their limited partners that they are duly informed about their investment. If you're in a technology cluster like Silicon Valley you may be able to attract ad hoc advice from experienced investors. Here's how. better user growth.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Agile VC

FEBRUARY 21, 2012

My partners and I wanted to peel back the curtain slightly for those of you who’ve been following our progress, and also acknowledge the help and support numerous folks have provided as we got this new VC firm off the ground. Im a former Silicon Valley entrepreneur turned East Coast VC. Best of luck. PMarchetti.

LP 100

LP Seed Stage Silicon Valley Limited Partner 100

Steve Blank

JULY 2, 2009

Entrepreneur-in-Residence After SuperMac I had been approached by one of our venture investors to be an entrepreneur in residence (EIR), a Silicon Valley phrase which says one thing but means another. Peter described the first company in which “Hollywood meets Silicon Valley” and we were enthralled.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

Eric Friedman

AUGUST 18, 2021

From who we hire to the way we go to market, from how we engage with our limited partners to how we engage with founders, it’s all about being very focused on quality and consistency so as to affect strategies to generate meaningful carry for ourselves and our limited partners. On Leaving Silicon Valley Bank.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

ReadWriteStart

DECEMBER 26, 2012

“That’s been the story for the last six years, actually – Limited Partners (LPs) shying away from the asset class,” he said. Most have discovered just how difficult it is to make a Silicon Valley from scratch. “But I think this is the end of the venture market contraction. ” 6.

Silicon Valley 60

Silicon Valley Chile Startup Turkey 60

David Teten

MARCH 2, 2013

See the Techcrunch posts by my Partner John Frankel and Professor Robert Wiltbank , my recent post on the quality of angel returns data , as well as reports from the Silicon Valley Bank and Kauffman Foundation. However, the conventional wisdom is that small VC funds have better performance profiles than large ones.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

Both Sides of the Table

JANUARY 16, 2012

And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). Conventional wisdom says that you can only build big businesses in Silicon Valley so as a VC you need to be there. Some of the biggest wins of the past 5 years were built outside of the Valley.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Babbling VC

JANUARY 7, 2011

I've read and written about it many times but I think there is one thing which is never loudly spoken about when comparing the EU to Silicon Valley (or the US in general). Conversely you could blame the LP's (limited partners: the investors in venture funds) and say they are the one's not risking it enough.

Finance 76

Finance LP Europe Valuation 76

finance.fortune.cnn.com

AUGUST 21, 2012

Term Sheet The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley. Almost all of them would be characterized as venture capital, with a few exceptions for funds managed by The Blackstone Group ( BX ), Providence Equity Partners and Spectrum Equity Investors. Term Sheet.

Naming 49

Naming Term Sheet Private Equity Equity 49

Steve Blank

OCTOBER 29, 2009

This is the second of three posts about the rise of “risk capital” and how it came to be associated with what became Silicon Valley. ———————– The First Valley IPO’s Silicon Valley first caught the eyes of east coast investors in the late 1950’s when the valleys first three IPO’s happened: Varian in 1956, Hewlett Packard in 1957, and Ampex in 1958.

Silicon Valley 125

Silicon Valley SBIC San Francisco RSS 125

Professor VC

FEBRUARY 26, 2010

The last blogger in Silicon Valley. My first reaction is incredulity that limited partners would buy into this idea. My colleague, Anu Basu , Director of the Silicon Valley Center for Entrepreneurship at San Jose State , recently completed a paper on this topic, "Does Experience Matter? ProfessorVC.

San Jose 28

San Jose Silicon Valley Venture Capital Angel Investor 28

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. The typical Silicon Valley term sheet does not include such terms. LIMITED PARTNERS (LPS). Caveat emptor.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Steve Blank

FEBRUARY 3, 2011

Hubris , bad CEO decisions (mine) and a fundamental lack of understanding that we were in a “hits-based” entertainment business not in a Silicon Valley technology company were slowly killing us. Their fiduciary responsibility was to manage a portfolio of investments for their limited partners. I liked my two investors.

San Francisco 331

San Francisco Silicon Valley Limited Partner Venture Capital 331

Professor VC

JANUARY 20, 2009

The last blogger in Silicon Valley. Some were also dealing with issues of limited partners struggles with capital calls and asset allocations. ProfessorVC. Tuesday, January 20, 2009. The Most Important Venture Capital Statistic. With that in mind, new funds are a great place to focus. More on that in a future post.

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

Growthink Blog

JUNE 28, 2010

angel investor deal community - namely Silicon Valley. Most are centered in the main entrepreneurial hubs - Silicon Valley, Los Angeles, Boston, New York, Austin, Phoenix, Salt Lake - among other locales, and generally involve groups of individual investors coming together to review and diligence deals in a group review format.

Private Equity 63

Private Equity Technical Review Silicon Valley Los Angeles 63

Growthink Blog

JUNE 28, 2010

angel investor deal community - namely Silicon Valley. Most are centered in the main entrepreneurial hubs - Silicon Valley, Los Angeles, Boston, New York, Austin, Phoenix, Salt Lake - among other locales, and generally involve groups of individual investors coming together to review and diligence deals in a group review format.

Private Equity 63

Private Equity Technical Review Silicon Valley Los Angeles 63

Professor VC

SEPTEMBER 24, 2009

The last blogger in Silicon Valley. I was a limited partner in Angel Investors, LP, Ron Conways fund in the late 1990s. ProfessorVC. Thursday, September 24, 2009. Survey says VCs invest on Gut Instinct. Not that it was surprising, but that it would be news worthy of this placement.

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33

David Teten

APRIL 30, 2018

While fundraising of US VCs has dropped slowly as a percentage of global limited partner allocations over the last decade, non-US startups are receiving a more rapidly increasing percentage of that money. markets: New York, Philadelphia, Boston, Denver, San Francisco and Silicon Valley. Source: NVCA, Pitchbook.

United States 60

United States Silicon Valley Canada Offshore 60

David Teten

APRIL 30, 2018

While fundraising of US VCs has dropped slowly as a percentage of global limited partner allocations over the last decade, non-US startups are receiving a more rapidly increasing percentage of that money. markets: New York, Philadelphia, Boston, Denver, San Francisco and Silicon Valley. Source: NVCA, Pitchbook.

United States 60

United States Silicon Valley Canada Offshore 60

This is going to be BIG.

APRIL 10, 2015

To benefit from the explosive growth of companies like Uber, Airbnb, Dropbox, etc, you had to fit in either one of two categories: be an angel investor already in an inner circle of experienced angels and entrepreneurs, largely located in Silicon Valley, or be an investor in a venture capital fund that backed those companies.

Venture Capital 60

Venture Capital SEC Accredited Investor Silicon Valley 60

www.paulgraham.com

APRIL 28, 2010

Others were surprised at the value of the startup communityin the larger sense: How advantageous it is to live in Silicon Valley, where you cant help but hear all the cutting-edge tech and startup news, and run into useful people constantly. which shouldnt be that surprising, because thats why its structuredthat way.

Technical Cofounder 110

Technical Cofounder Startup Cofounder Founder 110

Professor VC

DECEMBER 8, 2015

I was a Limited Partner in Angel Investors II (Ron Conway's angel fund) that was an investor in Confinity. For those interested in an entertaining look back at Silicon Valley history, you can find that business plan here. Not surprisingly, the merger was highly dilutive, particularly to Confinity/PayPal shareholders.

Merger 28

Merger LP IPO Redemption 28

Pascal's View

MARCH 9, 2010

Answer: Actually there is plenty of financial information available from private companies, but that does not mean that it is available to institutional investors as passive investors who are Limited Partners in venture capital or other private equity partnerships.

Government 31

Government Private Equity Institutional Investors Venture Capital 31