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. Fundraising is burdensome.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

This is going to be BIG.

JUNE 10, 2016

Many founders realize the hard way that reputations of many "top" VCs are little more than smoke and mirrors. I'm very conscious of not demanding too much time from my founders with LP references, so I've asked a few of them at a time to join a group call. There is a downside, however.

Cap Table 60

Cap Table Limited Partner LP Reputation 60

David Teten

SEPTEMBER 2, 2017

If you join a fund, you’ll invest your financial capital, but far more importantly, your reputational capital. 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.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

View from Seed

MAY 29, 2019

They are also increasingly focused on “leading” rounds, because funds that are institutionalizing get LP pressure around whether or not they lead. Before seed funds institutionalized, most also made many more investments than they do today, so their time was spread across a larger portfolio.

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

David Teten

JUNE 1, 2011

Must build and promote your reputation / expertise. Flow is a function of reputation and share of mind in target market. 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

Hunter Walker

NOVEMBER 30, 2022

Reputation Effect. Even with aggressive recycling, the average fund doesn’t have capital available to support every portfolio company through every round. So the follow-on support that went into a later write-down came at the expense of other companies in the portfolio, some of whom would have been more accretive to the fund.

Vertical 48

Vertical LP Syndicate Syndication 48

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

Hunter Walker

MAY 2, 2016

I’ve written before about our LP meetings – if you want to check those out before hearing about 2016’s version, here you go: Homebrew Annual Meeting 2014. Advisory Board lunch w our largest investors followed by a State of Homebrew, State of the Market, State of our Portfolio presentation. Ok, now back to present day.

Advisory Board 48

Advisory Board LP Institutional Investors Portfolio 48

Hunter Walker

MAY 2, 2016

I’ve written before about our LP meetings – if you want to check those out before hearing about 2016’s version, here you go: Homebrew Annual Meeting 2014. Advisory Board lunch w our largest investors followed by a State of Homebrew, State of the Market, State of our Portfolio presentation. Ok, now back to present day.

Advisory Board 48

Advisory Board LP Institutional Investors Portfolio 48

Genuine VC

OCTOBER 11, 2011

I hypothesized that, “Perhaps a contrarian statement in this environment: but even though there’s been a dip in fund size due to broad economic factors and LP appetite, it wouldn’t surprise me if the truly top firms raise even larger funds over the coming decade.” What’s pouring = individual partners matter.

Venture Capital 150

Venture Capital Seed Stage Entrepreneur LP 150

abovethecrowd.com

APRIL 20, 2016

Gavin Baker, a high-profile portfolio manager at Fidelity has a message for Unicorn CEOs: “Generate $1 of free cash flow, and then you can invest everything else in growth and stay at $1 in free cash flow for years. They use the reputation of the other investors as a proxy for due diligence. Now you make your own decisions.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

K9 Ventures

NOVEMBER 30, 2008

Now that’s nothing to snicker over, especially considering that well-reputed and established firms could often have multiple overlapping funds. The LP perspective. Institutional LPs typically diversify their portfolios by investing in multiple asset classes. The money side is flexible. What is not flexible is time.

IRR 48

IRR Venture Capital LP Early Stage 48

Venture Chronicles

JULY 16, 2010

What happens is that the fund will feel the need to clean up the portfolio and shed the lower tier investments in a sector to consolidate around the top performers, as measured by their potential for new investment.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 28

David Teten

NOVEMBER 23, 2020

I highlight endogenous social impact because many of my portfolio companies might give money to charity or provide low-cost pricing to nonprofits, but that’s not what I think of as an impact company; they’re tacking on social impact on top of their core business, whatever that is. . Starship was launched by the co-founders of Skype.

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60