Eric Friedman

DECEMBER 27, 2021

Bullish in this space since 2015 I see the air cover in place for institutions and private wealth managers to now take the plunge. Operating as a sort of fund-of-funds model there is an economy of scale program for figuring out the GP/LP structure, working out the services providers like legal, audit, and tax handling. 9/ Hubs vs.

Balance Sheet 97

Balance Sheet Stock Private Equity Option Pool 97

Both Sides of the Table

SEPTEMBER 22, 2012

Growing too slowly is particularly dangerous in a business with network effects, which the best startups usually have to some degree.” Instant growth = huge valuation from follow-on investors = big VC mark-up on our quarterly reports = LP interest. It’s not merely that you need a scalable idea to grow. Grow or die.

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

This is going to be BIG.

OCTOBER 12, 2020

The new point person seemed intent on bringing in new managers. I took my last LP meeting the first week of March and clearly, I didn’t close anyone that I had met with at that time. Not everyone produces LP money with the snap of a finger—not even Alan Patricof. It was the first anyone had asked me about it.

LP 136

LP Technical Review Software Review Valuation 136

David Teten

SEPTEMBER 23, 2017

A major angel group used Influitive , an advocate management tool, to track, activate and motivate their members. The historic capital-raising process is driven by face-to-face networking and salesmanship. Some funds are using intermediaries to help them sell to retail LPs ( Artivest , iCapital Network ). Pitchbot.vc

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

JANUARY 19, 2021

As two fund managers employing Flexible VC, we think it is a healthy addition to the ecosystem and will yield more predictable and stable healthy returns for investors. Too often, investment structures force the management team to make decisions between misaligned growth and investment (return) objectives. Early liquidity.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Hunter Walker

JANUARY 5, 2014

Managing short-term tactical outcomes with longer term relationship cultivation. I think networking is a terrible word. ” I try to spend zero percent of my life networking. As an investor you’d think I’d be obsessed about capital, and certainly without investable dollars there is no Homebrew. How do I spend it?

Software Review 103

Software Review Balance Sheet Cofounder Technical Review 103

Version One Ventures

JULY 31, 2018

Since 2012, we have made over 40 investments and have been busy building our fund, expanding and deepening our network, and most gratifyingly, working with our portfolio companies in their pursuit to transform their industries and the world. So, we are excited to announce that we’re looking to augment our team. What are we looking for?

Hiring 166

Hiring San Francisco Advisory Board Due Diligence 166

David Teten

JANUARY 23, 2021

For example, one LP told me she prefers customized emails from fund principals, as opposed to a bulk-mailed quarterly update. In particular, highlight the metrics by which you measured your past activities: size of exit, number of people you managed, $ budget you were responsible for, etc. We are using Digify to manage this.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

This is going to be BIG.

MARCH 14, 2019

If you’re not actually modeling this out with a spreadsheet, I don’t know how you can look an LP in the face and say this. I ask the same of new managers. Because I had previously met Jack Dorsey through the Union Square Ventures network, in 2009 I was able to grab coffee with him before he launched Square.

LP 97

LP Due Diligence Portfolio Distribution 97

David Teten

APRIL 13, 2021

It would make life a lot easier for emerging managers if they could outsource the entire fundraising process. Empirically, few small emerging investment managers hire placement agents, particularly in venture capital. There are eight main reasons why so many small emerging managers do not work with placement agents: Economics. .

Private Equity 60

Private Equity Technical Review Management LP 60

Both Sides of the Table

FEBRUARY 6, 2019

If you get into the best deals it has never been a better time to be a VC or LP, and the best have developed strategies to capture more value Given that the best deals are pushing out their exit dates it means that many firms aren’t seeing as quick of liquidity as they might have 20 years ago. And this is about to grow even faster.”

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

David Teten

DECEMBER 3, 2019

But, most of use raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . 1) Manage the firm . Before you can actually invest, you have to manage your fund. In the private equity universe, most Partners have primary training as deal-makers, not as managers.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). It is not our money, and we have a fiduciary responsibility to manage it properly and generate the returns our LPs expect of us.

LP 60

LP Private Equity Due Diligence Venture Capital 60

This is going to be BIG.

SEPTEMBER 19, 2012

That product isn't money--it's their time, attention, sound advice and network. I've placed nearly thirty developers, designers, product managers and business development professionals at startups in the last two plus years--and helped plenty of local students 'undeclare" themselves accounting majors.

LP 112

LP New York City New York Chad 112

Eric Friedman

DECEMBER 30, 2020

Bullish in this space since 2015 I see the air cover in place for institutions and private wealth managers to now take the plunge. Operating as a sort of fund-of-funds model there is an economy of scale program for figuring out the GP/LP structure, working out the services providers like legal, audit, and tax handling.

Stock 120

Stock Private Equity Option Pool LP 120

David Teten

JULY 12, 2017

GPs strategically invite trusted [Limited Partners and others] to co-invest, often based on the LP’s ability to add value or when the amount of capital required to complete an attractive transaction is larger than they are able to invest alone.”. Sometimes we’ll reach out to individual angels, not just funds and family offices.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

Both Sides of the Table

APRIL 10, 2016

I joined Upfront Ventures in 2007 and took over as co-Managing Partner in 2011 along with the founder, Yves Sisteron. Build a long-term LP based, anchored by diverse asset types (Universities, Endowments, Family Offices, Pensions, Insurance Companies, Sovereign Wealth Funds & Fund of Funds). From 2007-2012 I scoured LA constantly.

Los Angeles 150

Los Angeles Early Stage LP Partner 150

Haystack

MAY 5, 2018

You are your own LP and GP. The creator and manager of the special purpose vehicle (SPV) can earn “deal by deal” carry on each deal versus waiting for the pool to return the principal. The Catch: SPVs traditionally required more management and legal fees to start and maintain; they still exist but can be lowered.

Salary 76

Salary LP Portfolio Venture Capital 76

Hunter Walker

MAY 18, 2015

These managers sit in our Privates bucket and are therefore expected to beat the public markets by at least 4.5%. Removing a fund from the portfolio can be for a variety of reasons – strategy shift, team dynamic, assets under management, performance, etc. We probably meet with twenty venture managers a year.

LP 48

LP Portfolio Early Stage Institutional Investors 48

The Equity Kicker

JULY 8, 2019

The most common strategies are to provide networking services and content to portfolio leaders so they can be more effective in their jobs. . This is what brings us to the second big difference: the cost of Applied Venture is too large to finance from a standard VC management fee. . Building platforms. And what’s holding it back?

Portfolio 84

Portfolio LP Venture Capital Partner 84

Agile VC

JULY 19, 2012

Back in the 2000-2001 timeframe, a flood of LP capital was coming into the VC asset class given the strong returns of the mid-late 90s tech boom/bubble. Though there might have been short term benefits to continuing to manage this fund, the long-run success of CRV would be hurt by doing so ( there’s an HBR case on this ).

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

Both Sides of the Table

MAY 23, 2012

The movie, “The Social Network” might have had more of an impact on creating future entrepreneurs than any other event of the past 5 years. Thomson Reuters data shows that around $10 billion of LP money went into VCs per year pre bubble. By 2000 the total LP commitments had mushroomed to more than $100 billion.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

VC Cafe

FEBRUARY 1, 2011

This year’s conference will feature keynote speakers Johannes Huth (Managing Director & Head of Europe – Kohlberg Kravis Roberts & Co.) Time: 8am- 6pm, with networking drinks reception following. Panels : Value Creation – Driving LP returns through operational excellence.

Private Equity 79

Private Equity Equity LP Limited Partner 79

Feld Thoughts

FEBRUARY 6, 2016

This comes on the heals of Upfront managing director Mark Suster’s great post titled Embracing Your Community as a Strategy which I encourage you to read as it is magnificent. He immediately programmed me into the content for Wednesday (LP/GP day) and Thursday ( entrepreneur day ). I have a long relationship with LA.

Community 70

Community Los Angeles Dallas Philadelphia 70

David Teten

JANUARY 21, 2021

In addition to a fund, the overall Capacity organization provides direct mentorship, consulting and connects founders to a broad network of talent, diverse forms of capital, and existing resources focused on the post-startup stage of growth. I wanted [a term for] something similar (between debt and equity) but on an extremely small scale.”.

Equity 78

Equity Revenue Cofounder Colorado 78

Babbling VC

NOVEMBER 7, 2011

If you need to live month to month from the salary you make via your management fee, you're screwed. International network: even if you are focused on one region, your network has to be global and extensive enough that you can be a channel for M&A. Finally, you need a management expert. Some people hate it.

LP 66

LP Salary Partner Portfolio 66

Feld Thoughts

JANUARY 28, 2015

I’m in for $100,000 so you’ve got your first LP. We made a bunch of intros for David and he reached out to a number of the successful entrepreneurs and a few investors (as individuals) around the Techstars network that existed in 2009. .” David: “Do you really think I can do that?” million lined up.

LP 70

LP Seattle Angel Investor Partner 70

Professor VC

NOVEMBER 19, 2009

I attended the annual LP meeting for a venture capital firm this week and got into a discussion about the above question. However, for most of the rest of us, the analytical skills honed in college or grad school, along with the opportunity to network and explore different fields prove invaluable later. ProfessorVC. ► January. (1).

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Lisa Edgar, Managing Director at fund of funds Top Tier Capital Partners , observed: “It’s not surprising that venture capitalists are using software to help manage their business.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Pascal's View

MARCH 8, 2010

” Fiduciary X, on whose advisory board I serve, combines peer networking, research, productivity tools, proprietary data sets, and a governance-focused knowledge base with a documents archive to serve fiduciaries and risk managers. Question: How much information are limited partners (pensions, endowments, foundations, etc.)

Limited Partner 28

Limited Partner Government Delaware LP 28

Both Sides of the Table

SEPTEMBER 14, 2016

I recently read a blog post by Beezer Clarkson, Managing Director of Sapphire Ventures about why entrepreneurs should care about from whom their VC funds raise their capital. We have many LPs who come from industry and this is truly a value-add in a LP/VC relationship 3. Beezer did.

LP 150

LP Entrepreneur United States Venture Capital 150

View from Seed

OCTOBER 29, 2014

The nature of LP investors can vary widely, but the bulk of the capital in the VC ecosystem comes from large institutions like pension funds, endowments of universities and hospitals, charitable foundations, insurance companies, very wealthy families (aka family offices), and corporations. Advisory Firms.

LP 335

LP Private Equity Institutional Investors Venture Capital 335

Both Sides of the Table

JANUARY 16, 2012

He’s focused on that sector (not exclusively but predominantly) and therefore has an amazing network at large financial services firms to help you with business development. Fred Wilson likes, “large networks of socially connected people” while Foundry lists its 5 key themes on its website. Do your homework.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Agile VC

OCTOBER 29, 2014

The nature of LP investors can vary widely, but the bulk of the capital in the VC ecosystem comes from large institutions like pension funds, endowments of universities and hospitals, charitable foundations, insurance companies, very wealthy families (aka family offices), and corporations. Advisory Firms.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

David Teten

JUNE 1, 2011

Estimated 100 – 200 total entities Friends & family – basic networking. Panel 1: Creating The Right Deal Flow — Creating & Managing Sustainable, Replicable Strategies. Zubin Avari, Charter Oak Equity LP Christopher A. Much of this is done for quarterly earnings management reasons.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

Both Sides of the Table

FEBRUARY 24, 2019

you can build that with your personal peer network. While it’s true that they are investing LP money from a fund, it’s also true that the VCs are required to write large checks into their funds so every time they do a “capital call” (request money from an LP to fund you) they are also having to wire their own money into the deal.

Warrant 187

Warrant LP Cofounder Founder 187

Both Sides of the Table

JUNE 8, 2014

To interconnect these computers we needed IP-based telecommunications equipment build by the likes of Cisco Systems and Juniper Networks. And when you think about the three C’s you begin to realize that the first two of these activities are ones where the economic powerhouse networks are driven in cities outside of Silicon Valley.

Silicon Valley 390

Silicon Valley Kansas City Startup Venture Capital 390