Trending Sources

Why the LP Outlook is Good for Venture and Startups in 2017–2020

Both Sides of the Table

Note that all of these names were not started in Silicon Valley. link] So here are some details (please thank & follow! Will it last?

LP 75

What’s An LP Meeting Like?

Ask The VC

Hunter Walk, one of the two founders of Homebrew , a VC firm started in 2013, just wrote a great post about Homebrew’s first LP meeting. So – if you want to learn what a VC annual meeting is like, go read Investors Updating Their Investors: Inside Homebrew’s First Annual LP Meeting

LP 59

Homebrew’s Second Annual LP Meeting: Why We Do Them

Hunter Walker

Last week Homebrew held its second annual LP meeting, coinciding with our second anniversary as a fund. We invite several of the founder teams to present at the LP meeting discussion and all of our founders and advisors to a dinner. The agenda was very similar to 2014’s, which I discussed last year in this post.

LP 19

Investors Updating Their Investors: Inside Homebrew’s First Annual LP Meeting

Hunter Walker

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results.

LP 36

Who Invests In Investors: Homebrew LP Shares VC Performance Goals, Importance of Diversity & What They Look For In New Funds

Hunter Walker

The James Irvine Foundation joined us in Fund I and has been a great partner since. in nonprofit grants to that extent. AD: Yes. thanks Anne

LP 37

Seed Is The New A – #PreMoney 2015 Talk

K9 Ventures

Founders Fundraising Opinion Venture Capital GP LP seed stage Series A VentureAnd the deck from my talk. Thanks to 500 Startups #PreMoney.

Dear GP: Why Are You Blowing Me Off?

Feld Thoughts

On my run today I was thinking about GP – LP interactions. I didn’t know the person, but knew a few people who did, and quickly sent emails getting addition info for my LP. I was also able to get some specific one degree of separation feedback for my LP. I tried to come up with a rationale for blowing off an LP.

LP 26

Ending the Toll Roads to LP Fundraising

This is going to be BIG.

I know how hard it is myself because I used to vet VCs for a living when I was on the insitituional LP side. Picture this: Your family builds a tremendous business in Nebraska over four generations making black socks. You make more black socks for more people in the western world than anyone. The next generation isn't interested in socks.

Announcing K9 Ventures, L.P. – a seed stage fund

K9 Ventures

I’m pleased to announce the formation of K9 Ventures, L.P. K9 Ventures, L.P. – a seed-stage fund. is a $6.25M fund that is designed to do concept and seed-stage investments in technology companies. K9 expects to be an active investor in portfolio companies and will typically make only 4-6 new investments per year.

IP 3

How Do VCs Choose Their Investors (and should entrepreneurs care?)

Both Sides of the Table

We have many LPs who come from industry and this is truly a value-add in a LP/VC relationship 3. What percentage of their fund will you be?

LP 113

I’m a VC and the Worst of Times

Feld Thoughts

Maybe the next one will be called “I’m an LP.” It’s Sunday and it’s -8 degrees in Boulder. Egads.

LP 99

Kindred Spirits – Our Investment In Founder Collective

Feld Thoughts

As an LP, I’ve had the good fortune to be an investor in many funds, including some exceptional ones. Investments fg next founder collective L

2
2

Fun LP Meeting

Florida Venture Blog

Inflexion had our Limited Partner (LP) Meeting tonight and it was a good one. lp entrepreneur inflexionHearing all of our entrepreneurs share their stories reminded me how much I enjoy building companies with these visionaries and how much I appreciate the LPs who make it all possible. Onward and upward.

Where Does VC Money Actually Come From? [Flowchart]

View from Seed

Advisory can mean a great many things in the VC LP world — there are lots of flavors of “advisory” firms. Endowments.

LP 155

Where Do Venture Capital Dollars Actually Come From? This Visual Explains

Agile VC

Advisory can mean a great many things in the VC LP world — there are lots of flavors of “advisory” firms. Endowments.

"Today’s LP environment remains committed to buying mostly the same products they’ve been."

Mark Birch

“Today’s LP environment remains committed to buying mostly the same products they’ve been buying for 15 years, almost irrespective of recent performance or an honest assessment of likely future performance.” - “ The VC Industry Is Very, Very Screwed Up ” by Brad Svrluga. VC Venture Capital LP investments

Kernel column: The LP update meeting

The Equity Kicker

The LP Update Meeting. We have around a dozen LP update meetings a year across our four funds and they are the most important moments of contact we have with our investors. My latest column for The Kernel. It was published last Thursday. Everybody answers to somebody, Nic Brisbourne reminds us. Manager update. Market update.

Top Ten Limited Partner (LP) Lies

Florida Venture Blog

This time it's the Top Ten LP Lies. paulkedrosky lp vcfaq vc 2.0Paul Kedrosky has published another great Top Ten list, following on his previous Top Ten VC Lies. I'll give you the first five, but you'll have to visit Paul to see the rest. BTW: If you have questions about any of these, or the VC lies, ask away in my comments.

What Do LPs Think of the Venture Capital Markets for 2016?

Both Sides of the Table

All isn’t completely rosy in the LP views of the venture industry. Final upfront lp survey data 2016 from Mark Suster. Sorry!

When VCs Don’t B t You

Feld Thoughts

In addition to being an incredibly supportive investor in us from the beginning, this LP has become an extremely close friend. As I was walking home after dinner, I thought about the person who had introduced us to this LP. The wonderful dinner last night with the LP Fred introduced me to reminded me of this. They ignored us.

LP 107

Reserves

A VC : Venture Capital and Technology

That means if your company raised money from USV 2004, LP (the name of our first fund, a $125mm fund), it will be hard for us to invest in your company out of USV 2008, LP (the name of our second fund, a ~$150mm fund). This is not true for angel investors, seed funds, growth funds, and strategic investors. VC & Technology

Our 2016 Foundry Group Fund and A Little History

Feld Thoughts

Yesterday we closed our fifth fund, Foundry Venture Capital 2016, L.P. As with all four of our other funds, it’s a $225 million fund.

Foundry Group on The Twenty Minute VC

Feld Thoughts

20VC: WHY MANY VCS FAIL TO RAISE, WHY LP COMPENSATION IS A MASSIVE PROBLEM & WHY FUND OF FUNDS WILL BECOME MORE PROMINENT WITH LINDEL EAKMAN, MANAGING DIRECTOR @ FOUNDRY GROUP. I’ve become a huge fan of Harry Stebbings, the intrepid entrepreneur turned VC whose age (20) matches the title of his podcast ( The Twenty Minute VC.)

LP 59

The Full Dataset on What VCs are Thinking About Funding in 2016

Both Sides of the Table

Up next I’ll publish all of the LP (people who invest in VCs) data we gathered and what we believe this signifies. Thank you, guys.

LP 140

What Do Industry Insiders Think Will Happen in VC in 2016?

Both Sides of the Table

We surveyed 73 LP firms to get their views on the market. “This is the year the tortoise may gain on the hare.” State of the Market.

LP 94

Why VCs Should Recycle Their Management Fees

Feld Thoughts

That means that if an LP invests $1 in the fund, they get back $3 over time. I’m an investor in a bunch of VC funds.

Here is The Best Data You’ll Find on the LA Tech Market

Both Sides of the Table

Most importantly – this should encourage LP funds to back more local firms and I would hope to see more indigenous funds to develop. There are so many great, young funds in the market and many of them are attracting LP capital. Everybody now knows that LA produced SnapChat, Tinder and Maker Studios. Thank you for the referral!

LP 49

Interesting Tech / VC Stuff To Read on 4/10/14

Feld Thoughts

Venture funding goes ballistic: VCJ : Some people are starting to call the top of the current cycle, at least in the context of flows of LP funds into VC firms. We had our LP Annual Meeting yesterday and I had a vibrant conversation with a few of our LPs about this topic at lunch. Heartbleed: What Is The Correct Response?

LP 59

Bull City Venture Partners III, L.P.

Southeast VC

We are really excited to announce the closing of Bull City Venture Partners III, a $26 million venture capital fund. David and I sincerely appreciate the commitment from all of our LPs and the overwhelming support from the entreprenurial community.    Now, more than ever, we believe there is a big opportunity in front of us.

Here are The Missing Positives of This Election

Both Sides of the Table

When I went to add partners at Upfront I called an LP of mine and told him I was trying to recruit a new partner named Kara Nortman. Indeed.

Why 2017 Should be a Great Year to Raise Venture Capital

Both Sides of the Table

Below is the full deck with a lot more data and insights and if you missed the recently published LP Survey Results you can find them here.

Why VC’s Don’t “Crossover” Invest

Agile VC

If Acme Ventures III, LP invests in Startup X then typically Acme Ventures IV, LP would not. Why is this?

LP 36

Embracing Your Community as a Strategy

Both Sides of the Table

I heard people say “I can’t believe you invite other VC firms that will meet your LPs and LP prospects – who does that?”

Why Successful People Focus on the Bottom End of the Funnel

Both Sides of the Table

Business leaders have many tasks to accomplish and prioritizing stuff can be hard. Opening is easier than closing. Step one: Be proactive. Start, sure.

LP 155

Podcast Saturday – Meet Lindel Eakman

Feld Thoughts

Does Lindel agree with Chris Douvos in stating this could lead to the ‘hybridisation of GP and LP’? What are the biggest problems with the LP community today? My partner Lindel Eakman just did a really fun interview with Harry Stebbings on Harry’s 20 Minute VC Podcast. What would Lindel like to see change?

LP 11

If You Don’t Respect Your Customers You Won’t Be Successful

Both Sides of the Table

He was lamenting how much he hated LP meetings and how little he wanted to interact with LPs going forward. I even once met with one very, very well known VC who told me, “I don’t attend LP meetings. From these meetings you can really tell the leaders that care deeply about their customers and those the look down on them.

LP 109

What Everyone Should Take Away from Twitter’s 8% Staff Reductions

Both Sides of the Table

I spoke at Michael Kim’s excellent annual Cendana VC/LP conference today. So what can we learn from this? None of these things. Not now.

The Experience of Being a Limited Partner in Venture Capital

This is going to be BIG.

Rather than see LP interactions as a chore or a burden, new fund managers should see this as an opportunity to extend the community around their fund. The GP-LP relationship shouldn't be so one dimensional around returns, and I would argue that, in the seed stage, it's sub-optimal. Partnership investing is boring.

The Paradox of VC Value-Add

Feld Thoughts

We had a blast together and as we went out to raise our Foundry 2007 fund, Scott made several introductions which resulted in two wonderful, long term LP relationships. Scott Maxwell of OpenView Partners had an awesome post up this morning titled The Truth About VC Value-Add. Go read it – I’ll still be here when you get back.

What Is Your Next Career?

Feld Thoughts

” as part of a discussion with an LP. Upon reflection, the LP was clearly asking me indirectly about my long term commitment to venture capital and, without asking “how much longer are you going to do this VC thing?” I was recently asked the question “What is your next career?” None of these appeal to me.

LP 16