Both Sides of the Table

MARCH 24, 2014

Not just the $20 million round at Invoca, the $70 million I helped us raise at Maker Studios , but I was intimately involved with the earliest funding round at DataSift and every subsequent round which has recently announced $42 million led by Insight Venture Partners and $70 million in total. The monkey on my back.

Los Angeles 387

Los Angeles Intellectual Property LP Venture Capital 387

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Partners leave the industry. Here’s my take: 1.

LP 311

LP Technical Review Early Stage Silicon Valley 311

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups. Most of us want one spouse and we’re done. The 11 Steps of Investing in Private Companies. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

APRIL 13, 2021

Thus, many LPs have outsourced their investment management processes to professional investment consultants (ICs). Here lies the two degrees of separation: the agent must get to the IC, who in turn must get to the LP. In general, outsourced salespeople are much better at selling commodities than unique products.

Private Equity 60

Private Equity Technical Review Management LP 60

Both Sides of the Table

MAY 27, 2013

Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. By spending more time educating your board on your business you get more valuable advice from them. What Rob wrote in his post is right.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. You want someone who will challenge you and be an intellectual sparring partner.

IRR 205

IRR Dilution Founder Portfolio 205

Feld Thoughts

MARCH 24, 2017

Lindel joined Foundry Group as a partner to lead the fund investing activity of Foundry Group Next. We’ve had the opportunity to work with Founder Collective’s partners – David Frankel, Eric Paley, and Micah Rosenbloom – over the years on several companies. It starts with the people.

Founder 75

Founder LP Technical Review Seed Stage 75

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. You want someone who will challenge you and be an intellectual sparring partner.

IRR 156

IRR Dilution Founder Portfolio 156

David Teten

JANUARY 21, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. The founders, LPs, and venture partners have a long history in local startup ecosystems in the Southeast including LaunchTN , The Company Lab , CoStarters , and several other regional funds and resources. 20% initial ownership.

Equity 78

Equity Revenue Cofounder Colorado 78

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. You want someone who will challenge you and be an intellectual sparring partner.

IRR 136

IRR Dilution Founder Portfolio 136

Both Sides of the Table

FEBRUARY 20, 2019

just having a sparring partner with a vested interest in your success can be useful. The Limited Partners (LPs) who back funds don’t expect their dollars to be passive. The start is about inspiration, vision, product, early execution whereas the scale is about team management, process and consistency.

Venture Capital 236

Venture Capital Startup Angel Investor Silicon Valley 236

Both Sides of the Table

JANUARY 5, 2010

They often make great team members such as head of products, CTO, head of sales, CFO, etc. And we’re lucky because they deliver many of the great products, services and content that we consume in our lives every day. He and his partner told me about this new idea over the course of nearly a year. Why should I be?

Entrepreneur 293

Entrepreneur CTO Hire South America Salary 293

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

SEPTEMBER 22, 2012

Instant growth = huge valuation from follow-on investors = big VC mark-up on our quarterly reports = LP interest. Our partners have invested in more than dozen companies that became worth more than a billion dollars and that has disproportionately drive returns. Grow or die. ” How’d that turn out in the late 90′s?

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

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. I wrote about the two we lost last year to firms that have been around longer and proud to say that since that time, we’ve been able to beat out and/or partner with many great funds.

LP 97

LP Cofounder Term Sheet Valuation 97

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Of the Inc. 5000 companies, only 6.5% return cap.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Babbling VC

NOVEMBER 2, 2018

There are the odd cases here and there.see the Amazon Fire phone (product) or "Dieselgate" at the German auto manufacturers (scandal). Hence when a project, a product or subsidiary starts performing terribly or it's clear that it is going down, things go quiet. The same goes for the LP's (limited partners) that invest in venture funds.

LP 151

LP Limited Partner Management Naming 151

Both Sides of the Table

SEPTEMBER 28, 2011

That great productivity drain that we somehow all buy into. So I ask you – if you’re being reactive to somebody else’s emails are you really being as productive in your company as you could be? I spent a late morning meeting with a product exec at one portfolio company. I had lunch with an LP.

Email 314

Email Product Term Sheet Portfolio 314

Both Sides of the Table

FEBRUARY 3, 2015

I had no idea I’d eventually be boxed out of the SaaS branding by Jason (SaaStr) and the LA branding by my partner Greg Bettinelli with #LongLA ! And was fortunate enough to get a reference call from an LP asking me this very question. I thought about the fact that I was starting in LA? Maybe I could be SoCal guy? Question not.

LP 150

LP Technical Review Deal Flow 150

Both Sides of the Table

JANUARY 16, 2012

And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). As with any sales campaign you need to: Qualify your buyers early so you focus your scarce resources on people likely to buy your product. Partners make investment decisions. Meet in person.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Hunter Walker

JANUARY 5, 2014

Stage 1 : Either Satya or I are meeting the founders, usually solo, giving them an overview of Homebrew and learning about their startup through direct conversations, using the product (whatever stage it’s at) and doing some background on their industry (if it’s an area new to us). Stage 2 : Here both of us are engaged.

Software Review 103

Software Review Balance Sheet Cofounder Technical Review 103

David Teten

AUGUST 15, 2013

Most VCs (including ff Venture Capital ) collect money from independent limited partners in order to form their fund. Some corporations emulate this model by creating their own wholly-owned VC entities, typically with one LP: the corporate balance sheet. 1) Corporate Venture Capital. 4) Accelerators.

Startup 114

Startup Technical Support Venture Capital Balance Sheet 114

David Teten

SEPTEMBER 23, 2017

PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Johann Kratzer of Blue Future Partners , a fund of funds, observed, “The majority of the hundreds of funds we’ve diligenced rely predominantly on their relationships to source deals. Greylock Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

View from Seed

DECEMBER 11, 2019

“I’m thrilled to announce that I’m joining [New Firm] as a Partner where I will continue to invest in great Founders across the industries I care about.”. “I In any professional service industry, there is natural shuffling in the junior roles, as the race up the pyramid towards a Partner title is like musical chairs.

Venture Capital 204

Venture Capital Cap Table Partner LP 204

Both Sides of the Table

MAY 25, 2013

But as an LP you can’t count on that any more than VCs can. The goal of an LP is to get into the top decile. When it went to raise its fund 10 years ago the rumor was that many LPs were disappointed with recent returns and did not re-up. In 2000 our industry had more than $100 billion in LP money. hours / day.

LP 374

LP Later Stage IRR Term Sheet 374

Both Sides of the Table

JUNE 29, 2011

I would put my firm, GRP Partners in with the group working with teams in different ways. The LP Community Hasn’t Yet Caught Up. As I’ve started to get to know the other side of the VC industry lately (the people who invest in VC funds or “LPs&# ) one thing has occurred to me. There are also others.

Venture Capital 296

Venture Capital Software LP Early Stage 296

Version One Ventures

JULY 31, 2018

As a result, we are now a strong partnership of two… and while we have the capacity to do more deals with two partners, we also recognize that we could use some support. Reporting for our investors, including writing quarterly updates and preparing LP advisory board meetings. Strong written and oral communication skills.

Hiring 166

Hiring San Francisco Advisory Board Due Diligence 166

Both Sides of the Table

MAY 27, 2016

I was asked again in an LP meeting later in the week and then again at a founder breakfast gathering we hosted yesterday. I spend hours thinking about the products, competitors, market opportunities, recruiting and financing of these businesses. I answered in the same way I always do so I thought I’d just write it publicly.

Early Stage 254

Early Stage Non-Compete LP Later Stage 254

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. How long is your partner meeting going to be? He demoed the product to me and I wound up being dollars #476 and #477 to be swiped on the very first Square prototype. Taking board seats? For how long?

LP 97

LP Due Diligence Portfolio Distribution 97

Both Sides of the Table

NOVEMBER 6, 2016

When I went to add partners at Upfront I called an LP of mine and told him I was trying to recruit a new partner named Kara Nortman. I shot back quickly at my LP “ You’re kidding me, right? I imagine a world in which no LP ever says to me again, “I hope you’re not hiring her because she’s a woman.” What utter b t.

Los Angeles 150

Los Angeles LP Nevada South Korea 150

Version One Ventures

OCTOBER 17, 2018

And we also look at companies that are creating the best product for a specific vertical – including bio/healthcare and other emerging tech. With Angela’s promotion to General Partner , we now have investment partners located in both the U.S. It is a true honor to be a partner of yours!

Silicon Valley 127

Silicon Valley North America San Francisco LP 127

Both Sides of the Table

APRIL 21, 2020

Food production and distribution, group collaboration, remote training or education, sensor technology (tracking people movement, temperatures, etc), certain biotech deals. Harry asked me whether I thought LP “defaults” (not funding the VC commitments it made) would go up. How Do I Encourage Dissent Between Amongst the Partners?

Marketing 263

Marketing Valuation Churn Rate Balance Sheet 263

Both Sides of the Table

FEBRUARY 6, 2019

Yes, VC / Startup Funding is up Massively If you look at how much VC firms have raised from Limited Partners (LPs) over the past 2 decades you’ll see that we’ve returned to a level that we haven’t seen since 1999. If you want the whole deck you can find it on SlideShare but I’ve written up a short summary with commentary below.

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

This is going to be BIG.

SEPTEMBER 19, 2012

While my company may not have lasted, and even though I swore to myself that I wouldn't do another startup--this recently launched new venture is moving forward with the help of some fantastic partners. million of limited partner commitments--a huge and exciting first step.

LP 112

LP New York City New York Chad 112

Feld Thoughts

MARCH 20, 2019

Since then, I’ve been a founder of a number of companies, a CTO of a public company that acquired my first company, an angel investor, a VC in two different firms that I helped start, and an LP in a bunch of VC firms. My partner Dave was vice president. I was president of my first company (Feld Technologies).

LP 108

LP Angel Investor Cofounder Leadership 108

Austin Startup

JUNE 26, 2019

We tried, and opted out of, potentials for pivots; we pitched for game-changing partners and acquisitions that did not ultimately convert. If you’re a founder/product manager/business owner, I encourage you to find that out! We pitched everyone from Angels to partners at Andreessen Horowitz on Sand Hill Road. and the outcomes.

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

Hunter Walker

APRIL 28, 2017

For VCs, annual LP meetings are combination Board Meeting + Community Event. Several founders gave 10-12 minute updates on their companies, and then, a dinner with our LPs, Homebrew founders and fund advisors. We spent an afternoon with our investors, providing updates on fund performance, market dynamics and future plans.

LP 70

LP Portfolio Founder Community 70