YoungUpstarts

OCTOBER 23, 2017

by Joe Duncan, founder of Duncan Capital LP. This combinatorial model works because it’s diversified, can best withstand bear markets, benefits from technological synergies, and it’s the mix of products and services clients value. To dig deeper, let’s first review the influence of technology on the core components.

Technical Review 154

Technical Review Artificial Inteligence Software Review IPO 154

Version One Ventures

JULY 24, 2019

and also has the imagination to picture what the world *could* be with technology. In fact, I came into VC with little experience beyond academia but had a love for tech. – as long as s/he has a passion for technology and is aligned with our core beliefs and values. what can be better?)

Technical Review 125

Technical Review Advisory Board Due Diligence LP 125

View from Seed

DECEMBER 4, 2019

If you aren’t familiar with these metrics, I recommend reading the original post to get a sense of the numbers that I’ll be reviewing here. One way to think about this is how quickly LPs expect to get their capital back from a VC commitment. LP Constraints. Most LPs are trying to manage some targeted asset allocation.

LP 256

LP IRR Distribution Portfolio 256

David Teten

MAY 16, 2017

A few years ago, I presented at an Invesco conference on Emerging GPs, and one of the highlights was a presentation by Laurie Weir summarizing CALPERS’ selection criteria under their Private Equity Emerging Manager Program Review. Denis Tse: Fund Management Craftsmanship: An LP’s Food for Thought for Emerging VC General Partners.

Private Equity 60

Private Equity Venture Capital Technical Review Equity 60

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). VCs are at the forefront of technological disruption, funding many of the latest cutting edge productivity tools. But what tools are they using themselves to automate their own processes?

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

David Teten

MARCH 18, 2021

A typical VC thesis: “we invest in tech startups in Europe at an early stage” However, our experience shows that in many cases: . “Tech” means B2B Saas/Fintech or Consumer apps. Technical” Companies (i.e. any mention of a focus on tech companies). Technical founders . Occurrences.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

Both Sides of the Table

JULY 23, 2014

At the other end of the spectrum large funds have gotten even larger in the past few years which has massively increased the amount of consolidation in our industry as 66% of LP money into venture is now concentrated in late-stage or full-cycle VCs. From a technology perspective our journey is nowhere near over. Why is this?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

This is going to be BIG.

OCTOBER 5, 2012

They didn't care about you when you needed commercial credit, but now--now they want to manage your money. The problem is that there are fantastic opportunities out there with completely trustworthy managers. I know how hard it is myself because I used to vet VCs for a living when I was on the insitituional LP side.

LP 97

LP Venture Capital Technical Review Nebraska 97

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. …But LPs Have Been Putting Out More Money Than They Are Getting Back. LPs See The Over-Valuations and Don’t Like It.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

David Teten

SEPTEMBER 23, 2017

VCs tout themselves as frontier technology investors, but most are using the same infrastructure tools they have used for the past 20+ years: Excel and recent college grads searching Google. According to Knowledge.VC , under 5% of US VCs have a full-time team member focused on technology. . But we’re doing it slowly.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Feld Thoughts

MARCH 24, 2017

Foundry Group is best known for our investments in startups, but our vehicle currently investing in other venture funds, Foundry Group Next, is off to what we believe to be a great start and I wanted to share an update about it by talking about our new investment in a fund managed by Founder Collective. It starts with the people.

Founder 75

Founder LP Technical Review Seed Stage 75

David Teten

NOVEMBER 23, 2020

Here’s what I said: In your career in tech and VC, how has your focus on ESG responsibility changed over time? When we launched in 2010, I saw a white space: a burgeoning NY tech ecosystem, but only one angel group regularly writing checks. I quickly recruited a board of experienced hands.

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60

David Teten

JANUARY 19, 2021

Our categorization is not a technical one. 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. Additionally, Flexible VC can accommodate all types of companies, not just asset-lite, tech-enabled companies.”.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

MARCH 14, 2018

Managers of VC funds typically want to grow their business aggressively, just like the founders we back. This is a model used in at least one case by China’s third-largest private equity firm, China Science & Merchants Investment Management Group ($12 billion+ AUM), which funded in 2015 CSC Upshot, a $400m seed fund through AngelList.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Both Sides of the Table

OCTOBER 12, 2014

Prorata rights are one of the most important rights of a private market technology investors and yet are seldom fully understood. Also, because the entire industry has changed because it is cheaper to start a tech company these days – there are simply way more angel rounds. Why prorata rights are becoming a bigger deal to angels.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Both Sides of the Table

SEPTEMBER 22, 2012

Growth will slow, partly due to internal limits and partly because the company is starting to bump up against the limits of the markets it serves.” Instant growth = huge valuation from follow-on investors = big VC mark-up on our quarterly reports = LP interest. That leverage technology or drive change. Grow or die.

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

Austin Startup

AUGUST 10, 2017

Although we were studying finance, we were always more interested in tech. We were infatuated with tech. Before graduating, I decided to forgo the finance path and instead dove into engineering and later sales and product management roles at VersaSuite (health IT) in Austin. But we never lost the finance bug.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

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.

Balance Sheet 97

Balance Sheet Stock Private Equity Option Pool 97

Agile VC

OCTOBER 23, 2012

The VC industry (both the GP part and the LP part) pays attention to the sector’s returns, but the broader tech ecosystem only occasionally tunes in. 2) No Synthetic Alternative – If an LP can’t “buy” VC as an index, could they replicate the returns of an index some other way?

LP 176

LP Accredited Investor Carried Interest Portfolio 176

This is going to be BIG.

OCTOBER 12, 2020

Moat, the biggest exit out of the bunch, was sourced when I met Mike Walrath at a tech event. 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. It was the first anyone had asked me about it.

LP 136

LP Technical Review Software Review Valuation 136

Hunter Walker

JANUARY 5, 2014

” If you’re in the technology industry you can probably answer but as I discovered this holiday season, most of my extended family and childhood friends were a bit fuzzier on the concept. Managing short-term tactical outcomes with longer term relationship cultivation. “A Venture Capitalist? What exactly is that?”

Software Review 103

Software Review Balance Sheet Cofounder Technical Review 103

David Teten

JUNE 1, 2011

Panel 1: Creating The Right Deal Flow — Creating & Managing Sustainable, Replicable Strategies. Staying on the buyers’ lists is based on how well you conduct yourself in the diligence processes, “beauty contest” Banks are aware of your funding situation and your portfolio / investment thesis.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

Start Up Blog

APRIL 29, 2013

Technology Poverty – Every revolution has its downsides – those who miss out. Technology is bringing about a new form of poverty to those who don’t have equal access to it. The technology minimums are changing quickly. The government is using the shift to technology economies as their chance to reinvent.

Uruguay 123

Uruguay Technical Review Vertical Las Vegas 123

firstround.com

SEPTEMBER 10, 2013

The Review. The Review. Management and Company Building. -->. And even though I was the tech guy surrounded by capable business-focused co-founders, I knew that building a successful company was going to start with a lot more than a command line. First Round Capital. Plusstartup. Product and Engineering.

CTO Hire 52

CTO Hire Engineer Software Review Part-Time VPE 52

Startup Lessons Learned

MAY 4, 2021

Brian is the CEO of Coinbase, a successful tech company, and one of 2021's most successful IPOs. I don't see any big tech companies that have great cultures that are doing fully remote. It kind of aggregates technology content, I suppose. And with technology as a really important lever to improve the world. BA : Yeah.

IPO 113

IPO Cofounder Technical Review Government 113

Both Sides of the Table

MAY 23, 2012

I have been close to the tech & startup sectors for more than 20 years and I can’t think of a period in which I felt more optimistic about the innovation and value creation I see in front of us. Thomson Reuters data shows that around $10 billion of LP money went into VCs per year pre bubble. The Funding Problem.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Austin Startup

JUNE 26, 2019

If you’re a founder/product manager/business owner, I encourage you to find that out! Turns out my network (of politicos and do-gooders) is not one of accredited tech investors (meaning they meet income and net wealth thresholds and choose to make investments at all, and specifically in startups). and the outcomes. “If Of course I do.

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

Both Sides of the Table

MARCH 6, 2017

He was running to be the 42nd mayor of Los Angeles and he outlined his vision to “open up the city government to technology and innovation” if he were elected. He wanted to bring the same level of technology focus and energy that Mayor Bloomberg had brought to New York City.

IPO 191

IPO Los Angeles South Korea Armenia 191

Seeing Both Sides

SEPTEMBER 26, 2010

As you might expect, the wolves have the edge in the encounter, due to superior market information or negotiating position. But the VCs, and in turn their LPs, are left holding an illiquid bag. If you find yourself in a market transaction and don’t know for sure that you are the wolf, then, sadly, you are the sheep.

IRR 36

IRR IPO Entrepreneur LP 36

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. How Much Diligence is Due. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. ProfessorVC.

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

Haystack

JULY 20, 2018

From an investment point of view, managing and deploying capital in the same physical area makes sense, where investors can work with young companies and help them with a variety of things. Over the past two years, however, I’ve felt that something is out of balance. On question #1, we see good indicators that folks are leaving.

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

Both Sides of the Table

JANUARY 16, 2012

I get approached about clean tech or biotech periodically – I don’t focus on these. In ad tech there’s Seth Levine at Foundry Group and both Dana Settle & Ian Sigelow at Greycroft. ” What he meant was that since your scarcest resource as a manager or sales rep is your time you need to qualify better.

Developer 366

Developer Silicon Valley PR Las Vegas 366

abovethecrowd.com

APRIL 20, 2016

In late 2015, many public technology companies saw a significant retrenchment in their share prices primarily as a result of a reduction in valuation multiples. These mutual funds “mark-to-market” every day, and fund managers are compensated periodically on this performance. In Q1 of 2016 there were zero VC-backed technology IPOs.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Both Sides of the Table

FEBRUARY 3, 2015

I was building a document management company and he was building a document signature company. We had just gotten over the dot com crash and return to normalcy where nobody seemed to give a s**t about tech companies any more. And was fortunate enough to get a reference call from an LP asking me this very question. Question not.

LP 150

LP Technical Review Deal Flow 150