David Teten

MARCH 14, 2018

– Create a franchise and license access to it , e.g., the Draper Venture Network. HOF Capital provides hands-on support through our in-house team, plus a network of outside mentors who work with portfolio companies on an as-needed basis. This is a clever way for Tim Draper to leverage his brand and experience. .

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Eric Friedman

DECEMBER 27, 2021

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. There is also a network effect of portfolio companies with early GPs. I think this was brought to life by teams like [link]. 9/ Hubs vs.

Balance Sheet 97

Balance Sheet Stock Private Equity Option Pool 97

This is going to be BIG.

OCTOBER 12, 2020

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. If I hadn’t, I probably wouldn’t have been able to write about supporting the June protests , eliminating b t network barriers like warm intros , investing in diverse founders , and how fundraising favors white men.

LP 136

LP Technical Review Software Review Valuation 136

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. Why is this? This is a structural shift in our industry few have talked about publicly.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

JUNE 19, 2015

I’ve met many VCs who take fund raising meetings with lots of LPs but struggle to get traction and I believe often the problem is that first meetings are easy but the 28 steps to get each LP to closure take an insane amount of focus, effort, follow through and discipline. Opening is easier than closing.

LP 150

LP Warrant Portfolio Framework 150

thebarefootvc

FEBRUARY 19, 2014

”, almost exactly 2 years ago to this day at Bloomberg LP’s headquarters in NYC as part of Social Media Week. At the time I noted that this created opportunity for other platforms to become more globally dominant, particularly as countries in the emerging markets leapfrogged wireline networks to ever faster mobile networks.

India 107

India North America Ukraine Silicon Valley 107

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

Both Sides of the Table

SEPTEMBER 29, 2013

I had a chance to discuss AngelList Syndicates with Naval at Michael Kim’s Cendana LP/VC conference on a panel with Naval, Roger Ehrenberg (IA Ventures) and Mike Brown, Jr. Angels have additional networks. Many of the good and great of our industry are talking about AngelList. Must be doing something right! Bowery Capital).

Syndicate 356

Syndicate Syndication Cofounder Early Stage 356

David Teten

AUGUST 15, 2013

Some corporations emulate this model by creating their own wholly-owned VC entities, typically with one LP: the corporate balance sheet. In addition, BizSpark offers technical support, business training, and a network of over 2,000 partners to connect members with incubators, investors, advisors, government agencies, and other resources.

Startup 114

Startup Technical Support Venture Capital Balance Sheet 114

Hunter Walker

JANUARY 5, 2014

I think networking is a terrible word. ” I try to spend zero percent of my life networking. raising capital, building LP relationships, infrastructure and platform investments, recruiting for firm, budget/audit, evaluating overall firm strategy and performance. 3) General Relationship Building. Hey, want to grab a coffee?

Software Review 102

Software Review Balance Sheet Cofounder Technical Review 102

Genuine VC

SEPTEMBER 7, 2010

The elite top-tier firms have a sustainable competitive advantage with both entrepreneurs (and LPs alike) given brand, a vast network, and self-reinforcing success. The elite top-tier firms have a sustainable competitive advantage with both entrepreneurs (and LPs alike) given brand, a vast network, and self-reinforcing success.

Seed Stage 191

Seed Stage Belgium Differentiation LP 191

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

Haystack

JUNE 1, 2018

Perhaps because of this success and the unique elbow grease they supply to their portfolio, it was shocking to many to see that one of the storied seed franchises would contract, become its own sole LP, and scale back its operations. Yet for many, it didn’t come as a surprise.

LP 116

LP Global Social Media Portfolio 116

Version One Ventures

OCTOBER 17, 2018

It’s an exciting time to be launching a new fund as our focus on network effects and broad geography are driving opportunities in both existing and emerging markets. We invest in companies and platforms that leverage network effects. and Canada, offering portfolio companies strong networks and resources on both sides of the border.

Silicon Valley 127

Silicon Valley North America San Francisco LP 127

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. See How Emerging Venture Capital Fund Managers Should Think About Their LP Fundraising Strategies. Build your own network, rather than counting on a placement agent. lawyers, bankers, accountants.)”

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

The Equity Kicker

NOVEMBER 26, 2013

LPs, the investors in VC funds, have a difficult job to do, largely because they have to work with poor quality data and only a small fraction of VCs deliver the returns that make them worth investing in. Discipline also helps to keeps a venture fund’s loss ratio low which is important as they are ultimately stewards of LP investment funding.”

LP 154

LP Venture Capital Portfolio Reputation 154

Hunter Walker

MARCH 28, 2018

And why a LP should give them theirs. So we network, we write blog posts , we research, we tweet. .” “We invest with social good in mind.” ” I hear, read, see examples every day of investors espousing differentiated theses with regards to why they exist. Why a founder should take their dollars.

Portfolio 102

Portfolio LP Differentiation Founder 102

David Teten

SEPTEMBER 23, 2017

The historic capital-raising process is driven by face-to-face networking and salesmanship. A more efficient approach is to mine the data exhaust from the Limited Partner universe to identify those LPs most likely to find your fund attractive, and focus all your energy on them. 2) Raise capital.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

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. 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. How will you provide it across 30 investments?

LP 97

LP Due Diligence Portfolio Distribution 97

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. “We And this is about to grow even faster.”

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

BeyondVC

JUNE 29, 2005

And like you, we have to go out and raise capital every 3-5 years for a new fund and similar to entrepreneurs we need to network with the right people, have the right meetings, and go through extensive due diligence. In the early morning, a show of hands revealed about a 20% LP audience and 80% fund manager group.

LP 60

LP Private Equity Due Diligence Venture Capital 60

Feld Thoughts

AUGUST 6, 2018

While I don’t have portfolio level stats for them, their new endeavor Foundry Next (to invest in smaller funds and then follow-on into key investments) has built up an LP basket of 23 positions in a variety of new VC funds. While we don’t have a geographic allocation approach, we were willing to travel and invest everywhere in the US.

North Dakota 70

North Dakota Southern California San Diego Indianapolis 70

David Teten

JANUARY 19, 2021

Aunnie Patton Power writes, “According to the Global Impact Investing Network, 85% of Impact Investors look for market rate or close to market rate returns, but they are cognizant that pushing for a full company exit might have negative impact on the company’s founding mission. Particular application in impact capital.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

This is going to be BIG.

SEPTEMBER 19, 2012

That product isn't money--it's their time, attention, sound advice and network. In a environment that is constantly innovating, the best ones realize that they have to out-execute the next firm with a higher quality product if they're going to stay in business.

LP 112

LP New York City New York Chad 112

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). . Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

This is going to be BIG.

DECEMBER 3, 2020

If you’re not showing up at all the events, putting out content, constantly networking, generating enough deal flow—more specifically enough high-quality deal flow—being able to co-invest next to experienced professionals can really boost your funnel. Access to other investors.

Portfolio 134

Portfolio Syndicate Syndication Deal Flow 134

Eric Friedman

DECEMBER 30, 2020

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. There is also a network effect of portfolio companies with early GPs. This has been done in the past but I think its set to boom in 2021.

Stock 120

Stock Private Equity Option Pool LP 120

Austin Startup

DECEMBER 12, 2017

Cindy Revol, Joe Beard and Anurag Jain from Perot Jain, LP We received a warm welcome from Trey Bowles when we first came to Dallas and there have been many others who have opened their arms to us since. Perot Jain, LP is an early stage venture capital firm founded by Ross Perot Jr. Ross Perot, Jr., About Perot Jain, L.P.

Dallas 48

Dallas San Antonio Houston Texas 48

Both Sides of the Table

APRIL 10, 2016

Build a long-term LP based, anchored by diverse asset types (Universities, Endowments, Family Offices, Pensions, Insurance Companies, Sovereign Wealth Funds & Fund of Funds). I created an accelerator & mentor network (Launchpad LA). My first task was to expand the partnership and my first hire was Greg Bettinelli. I keynoted.

Los Angeles 150

Los Angeles Early Stage LP Partner 150

VC Adventure

OCTOBER 12, 2011

I recently waked into a pitch meeting for a social networking related business and was surprised by what I saw. I had interacted with the entrepreneur over email – taking a look at the initial business plan and setting up the meeting – but we hadn’t met in person before.

LP 90

LP Venture Capital Early Stage Social Network 90

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

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.”. Fundraising is burdensome. Alpha pursues a similar model.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

YoungUpstarts

NOVEMBER 18, 2018

The most effective way to find the right patent attorney is through your personal or professional network. and Alarmforce LP, SkyBell Technologies, In August Home Inc., The most seamless way to file patents correctly is to have an experienced attorney assist you in the entire process.

Intellectual Property 157

Intellectual Property Forecast LLC Acquisition 157

Hunter Walker

MAY 18, 2015

My recommendation is basically to spend 10+ years building operating skills at tech companies (founder or meaningful contributor), expand your network and put together an angel investing track record. A powerful network is always valuable. HW: I’m often asked by people earlier in their career about breaking into venture.

LP 48

LP Portfolio Early Stage Institutional Investors 48

Andrew Payne

SEPTEMBER 27, 2012

As a modestly active angel investor and an LP in several venture funds, I hear many, many startup pitches. This is just for pitch and company feedback, and not for: networking, investment, board seats, advisor relationships, customer leads, partnerships, and/or investor introductions. seed, A, B, etc.).

LP 84

LP Startup Angel Investor Software 84

David Teten

APRIL 13, 2021

Here lies the two degrees of separation: the agent must get to the IC, who in turn must get to the LP. Placement agents have to offer their investor network a range of funds to support themselves. Typically less helpful for LPs to talk with intermediaries. . Positions your fund as just one option on the menu. .

Private Equity 60

Private Equity Technical Review Management LP 60

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. A firm that’s continuously managed to look beyond it’s network has been Sequoia. A good example of this was Charles River Ventures experience with their 11th fund.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193