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

Version One Ventures

MAY 3, 2023

I shared his optimism going into this trip and came back even more bullish about the potential of India’s tech ecosystem. And I had more than 20 1:1 meetings with founders, angels, emerging fund managers and institutional VC funds. Venture Capital The VC scene is dominated by US and US-affiliated funds.

India 87

India LP Silicon Valley Vertical 87

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

Both Sides of the Table

JULY 23, 2014

There has been much discussion in the past few years of the changing structure of the venture capital industry. The rise of alternative sources of capital (crowd funding and the like). The overall trends in our industry have breathed a new life into the venture capital industry. Why is this?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

David Teten

JANUARY 19, 2021

Every Flexible VC structure allows founders to access immediate risk capital while preserving exit, growth trajectory, and ownership optionality. . Our categorization is not a technical one. Additionally, Flexible VC can accommodate all types of companies, not just asset-lite, tech-enabled companies.”. Funder Category.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

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.” He also nails the reason why venture capital is still necessary to grow large businesses quickly in a world where the costs of running startups have fallen dramatically.

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

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

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. Factom, Inc.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

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

MAY 23, 2012

Many observers of the venture capital industry have questioned whether its best days are behind it. 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. The Funding Problem.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

David Teten

JANUARY 23, 2021

The next best move is to build your core team, e.g., recruit an Advisory Board, Venture Partners, and EIRs. For ideas, see How Executives Can Work from Home with Private Equity and Venture Capital Funds. For more on this, see An Investor’s Personal Social Media Tech Stack. We are using Digify to manage this.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . When I met my now-wife, I realized that any technology that can find me a spouse is a killer app. 1) Manage the firm . Before you can actually invest, you have to manage your fund.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

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

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. LPs tend to assume that the highest-quality managers have all the demand they can handle.

Private Equity 60

Private Equity Technical Review Management LP 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

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. Venture capital investors are historically accustomed to being the wolf. But the VCs, and in turn their LPs, are left holding an illiquid bag.

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. The Most Important Venture Capital Statistic. Congratulations on the Best Venture Capital Investment. Venture News. 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.

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. Others that are experts in this field include Matt Harris at Village Ventures and Jim Robinson at RRE. In ad tech there’s Seth Levine at Foundry Group and both Dana Settle & Ian Sigelow at Greycroft. Right for my stage?

Developer 366

Developer Silicon Valley PR Las Vegas 366

David Teten

JUNE 1, 2011

Panel 1: Creating The Right Deal Flow — Creating & Managing Sustainable, Replicable Strategies. Prestegaard, High Road Capital Partners. Bennett, GroundSwell Capital LLC David C. Glickman, Resilience Capital Partners LLC Luke Johnson, Platinum Equity LLC Robert B. Prestegaard, High Road Capital Parnters.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

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

Austin Startup

JUNE 26, 2019

If you’re a founder/product manager/business owner, I encourage you to find that out! So, we worked to raise capital. 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).

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

David Teten

MARCH 18, 2021

Public theses are often inconsistent with how firms actually deploy capital. 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. of venture capital deals.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

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. In a crowded market – venture capital – where it is hard to break out and be noticed.

LP 150

LP Technical Review Deal Flow 150

David Teten

NOVEMBER 23, 2020

Blue Future Partners, a venture capital fund of funds, recently interviewed me on ESG in venture capital. Here’s what I said: In your career in tech and VC, how has your focus on ESG responsibility changed over time? Numerous thoughtful people are worried about how technological disruption will destroy jobs.

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60