Both Sides of the Table

MAY 27, 2013

He has grown our US operations from 1 employee (him) to a global organization of 75 employees that will finish the year with 8-digit revenues (90+% recurring) and more than 350% year-over-year growth. VCs crave the ability to help portfolio companies. What Rob wrote in his post is right. Send Text messaging for rapid responses.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

David Teten

SEPTEMBER 23, 2017

In venture capital in particular, early-stage companies are often operating in frontier industries, where the rules are unpredictable and conventional analytic frameworks may be misleading. EShares is an increasingly popular tool in our portfolio for tracking private company cap tables. 8) Accelerate portfolio company value.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Both Sides of the Table

FEBRUARY 18, 2017

So it was a timely conversation at this year’s Upfront Summit because the week of the Summit, Sequoia had announced that it was transitioning leadership from Jim Goetz to Roelof Botha (and US operations to Alfred Lin). He did what every LP did, looked at returns, talked to portfolio companies, talked with our competitors and so forth.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

Hunter Walker

APRIL 27, 2014

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. Community : Building out Homebrew WW HQ in SF which at any time houses a couple of portfolio companies and founders pre-funding. We make available coworking space for free.

LP 97

LP Cofounder Term Sheet Valuation 97

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

and Canada, offering portfolio companies strong networks and resources on both sides of the border. Lastly, we will continue our goal to be the most value-add investor for our portfolio founders as they push to create category-leading companies. And last but not least, we thank our investors, the LPs.

Silicon Valley 127

Silicon Valley North America San Francisco LP 127

David Teten

JANUARY 19, 2021

John Berger, Director Operations & Impact Solutions, Toniic , observed that this has clear investor benefits: “ The grace period became a feature because it benefits investors in regions like the US where there can be tax differences between short and long term gains. Payments are commonly delayed for a grace period of 12-36 months.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Eric Friedman

DECEMBER 30, 2020

5/ The rise of operator angels + micro VCs explodes in 2021. This is already happening, but there will be an explosion of rolling funds, operator angels, and micro investors who want to co-invest in friends, companies, and cohorts they are a part of. There is also a network effect of portfolio companies with early GPs.

Stock 120

Stock Private Equity Option Pool LP 120

David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. If you have one, please contact me. 7) Negotiate .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

The Equity Kicker

JULY 8, 2019

Then from the mid 2000s, value add began moving beyond the partner to the firm as VCs began employing people who’s full time job was helping their portfolio. The most common strategies are to provide networking services and content to portfolio leaders so they can be more effective in their jobs. . Building platforms.

Portfolio 84

Portfolio LP Venture Capital Partner 84

Hunter Walker

FEBRUARY 5, 2019

You also have a version of strategic expansion (or scope creep if you’re less kind), where some firms started as focused 1-2 GP shops but are now 3-7 GPs, with operational staff and increasingly large fund sizes. Again, none of these evolutions are bad (or good) per se, just the nature of fund stewardship and the winner’s curse.

LP 92

LP Early Stage Syndicate Syndication 92

This is going to be BIG.

FEBRUARY 23, 2016

You've decided to spread that across Z funds and you hope your portfolio meets some threshold. 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. LPs could represent meaningful co-investors on deals and great mentors to founders.

Limited Partner 60

Limited Partner Venture Capital Partner LP 60

Hunter Walker

MAY 18, 2015

Anne Dinneen: Nothing has contributed more to the growth of the Irvine endowment over the years than our venture portfolio. And what leads to adding or removing a fund from Irvine’s portfolio? An addition to the portfolio typically offers some differentiation or new value proposition.

LP 48

LP Portfolio Early Stage Institutional Investors 48

Both Sides of the Table

SEPTEMBER 28, 2011

Operations. I spend tons of time each day on portfolio company issues. I spent a late morning meeting with a product exec at one portfolio company. I spent time talking with 2 senior execs who are separately joining two of my portfolio companies. We call these investors “LPs” for limited partners.

Email 314

Email Product Term Sheet Portfolio 314

Haystack

MAY 5, 2018

You are your own LP and GP. New investors can build their portfolio this way. New investors can build their portfolio this way. Funds are happy to have CEOs and operators in their networks make small allocations on behalf of the VC fund. New investors can build their portfolio this way.

Salary 76

Salary LP Portfolio Venture Capital 76

David Teten

JULY 12, 2017

When I meet with other VCs, family offices, and other institutional investors, the most common question I get is: “What are the highest-potential companies in your portfolio which are raising now?” If I can reduce a portfolio company’s time burden, I create value for them. 2) Investors with very specific value-add.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

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

Hunter Walker

APRIL 4, 2014

Part of our presentation will be portfolio financials, which, because we’re relatively new, aren’t exceptionally volatile (LP speak: most of our investments are still carried at original value since no additional fundraising has occurred). Not all will be in business five to 10 years from now.

San Francisco 100

San Francisco Private Equity LP Syndicate 100

Both Sides of the Table

MAY 23, 2012

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. LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year. The Funding Problem.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

The Equity Kicker

JULY 16, 2012

Wonga springs to mind as an example of such a company at the moment, as does our portfolio company Neul , albeit at an earlier stage. Most VCs (especially those with limited operational marketing experience, or in a few cases, those with too much good fortune with big wins) have no understanding of this.

LP 105

LP Early Stage Valuation Differentiation 105

Genuine VC

OCTOBER 18, 2011

” But even among large partnerships there is a gradation, where some firms operate as a conglomerate of Lone Rangers and some are more collaborative in nature. If you’re invited to present at the annual LP meeting (which is a good signal), spend time schmoozing with the growth equity team or the clean-tech side of the house.

Valuation 154

Valuation LP Boston Partner 154

Babbling VC

APRIL 22, 2013

If they don''t get a homerun in the portfolio fast, their fund has no chance of ever raising additional money or even returning money to their LP''s. Outside of the VC''s, a lot of angels remain in the market looking for deals as well and the corporate VC''s have all ramped up operations or launched new vehicles.

LP 76

LP Venture Capital Portfolio Finance 76

David Teten

JANUARY 21, 2021

With a portfolio that includes food, tech, and services, the fund is industry-agnostic and focused on the overlooked and underrepresented with high-margin business models. Of Indie.VC’s portfolio, 60% of investments are not in NY, CA, or MA. The INTRO tool is available to non-portfolio companies as well. 20% initial ownership.

Equity 78

Equity Revenue Cofounder Colorado 78

David Teten

SEPTEMBER 2, 2017

So I would start by sharing with the fund an institutional LP due diligence checklist , and ask them to share their data room with you. Contact : to existing portfolio, to internal team resources, to LPs. Bloomberg Beta open-sources their entire operating manual on Github, where their website lives.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

David Teten

AUGUST 21, 2019

There is a huge universe of compelling, growth-focused companies that operate outside of the technology world, and they sometimes don’t get the attention that they deserve from institutional venture equity investors.” . not because of LP objections or moral concerns, but because the pool of potential M&A buyers is greatly limited.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

David Teten

DECEMBER 12, 2017

As a globally focused LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing proprietary solutions or adopting off the shelf tools. How can accelerating portfolio company value be aided by use of software?

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Haystack

JULY 20, 2018

This is a post I’ve wanted to write for a long time, but I needed the time to digest all the other great posts on the topics by other investors, and to analyze specific portfolio data from Haystack over the last five years. Haystack Portfolio Data. Well, that time has finally come. On the ground, I am seeing more hybrid solutions.

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

Hunter Walker

SEPTEMBER 29, 2022

Most of this discussion is about ‘playing offense’ — working towards being a good steward of LP capital and the risk/reward associated with VC. As former product managers Satya and I lean towards having frameworks for these sorts of decisions, for both consistency and speed in internal operations.

Venture Capital 122

Venture Capital Cap Table LP Equity 122

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. Endowments. new buildings, etc).

LP 335

LP Private Equity Institutional Investors Venture Capital 335

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. Endowments. new buildings, etc).

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

View from Seed

MAY 29, 2019

This segment of the market is basically mirroring other segments of the venture ecosystem which has operated this way for some time. They are also increasingly focused on “leading” rounds, because funds that are institutionalizing get LP pressure around whether or not they lead. Repercussions for Investors. Repercussions for Founders.

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

Agile VC

DECEMBER 6, 2012

This person is an experienced CEO and a veteran of several startups, yet appreciating this nuance of how VC’s operate their business was relatively unfamiliar to him. If Acme Ventures III, LP invests in Startup X then typically Acme Ventures IV, LP would not. Why is this?

LP 178

LP Balance Sheet Differentiation Limited Partner 178

David Teten

JUNE 1, 2011

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. Zubin Avari, Charter Oak Equity LP Christopher A. Prestegaard, High Road Capital Parnters. Wells, PE-Nexus LLC.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

Hunter Walker

FEBRUARY 25, 2018

One consistent LP complaint I hear about new’ish fund managers is that they forget a bunch of fund construction and portfolio modeling decisions are connected. When a VC is fundraising one of the stats they like to present to LPs is the quality and size of follow-on in the portfolio. That’s a great question!

Product 82

Product IRR LP Seed Stage 82

The Equity Kicker

JANUARY 19, 2016

Making consistent returns as a VC requires building a portfolio of companies in the difficult times that are ready to exit when the good times come. That necessitates raising capital when nobody wants to invest in venture and having the vision, discipline and patience to build value in a portfolio over time.

Europe 60

Europe IPO LP Venture Capital 60

abovethecrowd.com

APRIL 20, 2016

As discussed above, these terms can cleverly fool the inexperienced operator, because they are able to “meet the ask” with respect to cover valuation, and the accepting founder does not realize the carnage that will come down the road. This is uncharted territory. Achieving profitability is the most liberating action a startup can accomplish.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

K9 Ventures

NOVEMBER 30, 2008

The General Partners (GPs) are the operating guys. The money that the GPs and other employees of the firm invest comes from Limited Partners (LPs) — typically the big university endowments, retirement funds, charitable organizations, family offices and high net-worth individuals. The LP perspective. Background.

IRR 48

IRR Venture Capital LP Early Stage 48