Feld Thoughts

MARCH 14, 2023

This stress accelerated on Friday when the FDIC shut down and took over Silicon Valley Bank. Yesterday, Aaron Gershenberg, a long-time friend and LP of ours from SVB Capital, emailed an introduction to Naveed Lalani, Founder & CEO of Pioneer Mind.

Founder 168

Founder Silicon Valley LP Portfolio 168

Both Sides of the Table

FEBRUARY 20, 2019

If you’re a super experienced Silicon Valley CEO with a billion-dollar exit?—?probably. And by the D rounds you have often taken some amount of strategic money or potentially LP money and at times these groups ask for board observer seats and not full board seats. Should I be worried that I could be fired from my own company?

Venture Capital 236

Venture Capital Startup Angel Investor Silicon Valley 236

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. They later started a company based in Silicon Valley that became one of the fastest growing companies ever, with almost all of its growth coming from outside the US. You can view the full presentation here.

India 107

India North America Ukraine Silicon Valley 107

Both Sides of the Table

FEBRUARY 18, 2017

Yves didn’t want to step down — he is still as active as any partner on our team — but he wanted me to take responsibility for: Strategy, recruiting, team development, LP relations, financial planning, etc. 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

Both Sides of the Table

MARCH 11, 2014

I never wanted to be a derivative of Silicon Valley. Last week displayed the best of LA last week for a gala event of all of Upfront’s portfolio companies + the CEOs of many of LA’s top technology companies + 75 VC firms from LA, SF, NY & Boston + 25 LP Funds + the Chairman of Yahoo!

Los Angeles 318

Los Angeles Silicon Valley LP Warrant 318

Version One Ventures

OCTOBER 17, 2018

From Fund I and now to Fund III, we have been able to serve as an important bridge between Silicon Valley and other tech ecosystems. We believe these emerging tech ecosystems are more relevant than ever, and want to empower entrepreneurs outside Silicon Valley with opportunities to grow successful businesses.

Silicon Valley 127

Silicon Valley North America San Francisco LP 127

The Next Web

JUNE 27, 2013

Arjun also serves as a member of the Young Entrepreneur Council, an LP at 500Startups, and is an angel investor and advisor to multiple Silicon Valley startups. Real Estate, and an investment banker specializing in the technology sector at Jefferies Broadview.

Video 114

Video Investment Bankers United States Silicon Valley 114

Feld Thoughts

JULY 28, 2014

On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. As a partner in one of the most visible VC firms in Colorado and an LP in many of the Colorado VC firms, I’ve never heard from Matthew or anyone from the SBIC.

SBIC 142

SBIC Venture Capital Colorado SBA 142

The Next Web

JUNE 26, 2013

Arjun also serves as a member of the Young Entrepreneur Council, an LP at 500Startups, and is an angel investor and advisor to multiple Silicon Valley startups. Real Estate, and an investment banker specializing in the technology sector at Jefferies Broadview.

United States 114

United States Investment Bankers Silicon Valley Founder 114

Hunter Walker

JULY 19, 2017

[Stefon voice] “The hottest club in Silicon Valley is ‘Scouts.'” The ties in Silicon Valley are complex! This can happen quietly without your knowledge, or because the sponsoring fund is a GP or LP in the Scout fund. Are you a Scout for multiple funds? Yes, some people are repping multiple funds.

Founder 69

Founder Silicon Valley Cap Table LP 69

Agile VC

FEBRUARY 21, 2012

We recently completed the final close of NextView Ventures, LP and we’re excited about both our progress to date and our plans for the future. These include many of our colleagues in the VC industry, folks from our prior firms, and a handful of people in the LP community who offered constructive guidance. February 21, 2012.

LP 100

LP Seed Stage Silicon Valley Limited Partner 100

David Teten

MARCH 2, 2013

See the Techcrunch posts by my Partner John Frankel and Professor Robert Wiltbank , my recent post on the quality of angel returns data , as well as reports from the Silicon Valley Bank and Kauffman Foundation. He surmises that LPs aren’t buying the argument that large funds don’t perform.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

Professor VC

NOVEMBER 19, 2009

The last blogger in Silicon Valley. I attended the annual LP meeting for a venture capital firm this week and got into a discussion about the above question. While Silicon Valley covers a large amount of turf, it is very small. ProfessorVC. Thursday, November 19, 2009. Can Entrepreneurship Be Taught?

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

thebarefootvc

MARCH 8, 2012

I talked about creative disruption and how many significant companies would be formed as a result of this (not dissimilar to what I saw in Silicon Valley while investing post 2001 crash). In contrast, many Silicon Valley funds are large with much capital to put to work (which is why we are seeing them lead NYC deals at these stages).

Silicon Valley 69

Silicon Valley Ghana Venture Capital India 69

Babbling VC

JANUARY 7, 2011

I've read and written about it many times but I think there is one thing which is never loudly spoken about when comparing the EU to Silicon Valley (or the US in general). Conversely you could blame the LP's (limited partners: the investors in venture funds) and say they are the one's not risking it enough.

Finance 76

Finance LP Europe Valuation 76

Both Sides of the Table

MAY 24, 2021

Silicon Valley and the media industry that surrounds it values youth. But in the LP world there is an obsession with “top quartile” benchmarking in the near term, which drives skewed incentives for newer VCs to show quick returns.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

Bryce Dot VC

APRIL 28, 2016

Unfortunately, the incentives on both sides of the LP and VC table are not to explore new funding models or founder archetypes that might change that math; rather, the incentives are to fight like hell to get into one, or more, of those 8-15 companies per year.

Silicon Valley 40

Silicon Valley LP Term Sheet IPO 40

Haystack

JULY 20, 2018

But, it wasn’t directionally wrong, looking at enormous multinational companies like Apple, Google, and Facebook which rose from the hallowed ground of Silicon Valley. The CEO writes “Silicon Valley is going to leave Silicon Valley… the technology companies… they’re chasing talent, and talent is chasing affordable housing.”

San Francisco 116

San Francisco Silicon Valley Seattle Venture Capital 116

Both Sides of the Table

JUNE 8, 2014

I have never been more optimistic about the impact that the tech startup community is having on cities in America or about the role that cities outside of San Francisco / Silicon Valley can play in our future. Not all of these products & companies came from Silicon Valley but the overwhelming majority did.

Silicon Valley 390

Silicon Valley Kansas City Startup Venture Capital 390

Both Sides of the Table

NOVEMBER 15, 2014

I was at a dinner recently in Chicago and the table discussion was about building great companies outside of Silicon Valley. Those of us outside Silicon Valley need to make an effort to effect change not just wish for it. Silicon Valley] is a little short-term focused and that bothers me.”

Community 369

Community Silicon Valley Chicago Boston 369

Both Sides of the Table

JANUARY 16, 2012

Conventional wisdom says that you can only build big businesses in Silicon Valley so as a VC you need to be there. Some of the biggest wins of the past 5 years were built outside of the Valley. And now it’s even easier to build a big business outside of the Valley. But of course that’s horse puckey.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Pascal's View

MARCH 8, 2010

The Act provides for a specific list of information that LPs are entitled to, and funds historically disclose that same information to their LPs—the top law firms in Silicon Valley model their LP agreement forms to be pretty consistent with Delaware law. entitled to receive from a VC fund? Share and Enjoy:

Limited Partner 28

Limited Partner Government Delaware LP 28

Austin Startup

JUNE 26, 2019

Our venture was selected for competitive accelerator spots & recognition from media and mentors from Austin, Chicago and Silicon Valley to work on this problem and capture the value its solution provided. And, when compared to Silicon Valley, those bars get higher to meet (with the resources from this market…).

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

K9 Ventures

DECEMBER 10, 2011

I’ve already written about why I want the whole team to be in one location, but in that post, I didn’t address why I want the entire team to be in Silicon Valley. We did not expect to attract their attention this early on, but the serendipity of being in the Valley made that happen. The Valley has that.

Silicon Valley 124

Silicon Valley San Jose Portfolio Cofounder 124

K9 Ventures

DECEMBER 10, 2011

I’ve already written about why I want the whole team to be in one location, but in that post, I didn’t address why I want the entire team to be in Silicon Valley. We did not expect to attract their attention this early on, but the serendipity of being in the Valley made that happen. The Valley has that.

Silicon Valley 112

Silicon Valley San Jose Portfolio Cofounder 112

abovethecrowd.com

APRIL 20, 2016

Ironically, Carreyou is not a Silicon Valley-focused reporter, and the success of the piece served as a wake-up call for other journalists who may have been struck by Unicorn fever. The typical Silicon Valley term sheet does not include such terms. SEC Visits Silicon Valley. Caveat emptor.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Professor VC

SEPTEMBER 24, 2009

The last blogger in Silicon Valley. I was a limited partner in Angel Investors, LP, Ron Conways fund in the late 1990s. ProfessorVC. Thursday, September 24, 2009. Survey says VCs invest on Gut Instinct. Not that it was surprising, but that it would be news worthy of this placement. Lets get back to the topic of gut investing.

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33

Agile VC

NOVEMBER 13, 2012

For those who aren’t familiar, Mobius was a VC fund with offices in Silicon Valley and Boulder CO and at it’s peak Mobius had $2B+ under management. a VC fund’s entire portfolio in aggregate, net of management fees and carried interest) a good return from an LP’s perspective would be 2.5-3.0x

LP 154

LP Portfolio Venture Capital IRR 154

Both Sides of the Table

JUNE 5, 2016

The second major trend was the rise of the angel that was a function of the boom in Silicon Valley wealth (Google, Facebook, Zynga, Twitter, Salesforce.com, etc) plus the rise of crowd-funding platforms (AngelList) plus the rise of Y Combinator / 500Startups / TechStars. Rise of Angels. Explosion in Seed Funds.

Venture Capital 150

Venture Capital Silicon Valley Burn Rate LP 150

www.quora.com

SEPTEMBER 22, 2011

Type to Add and Search Questions; Search Topics and People Startups Startup Compensation Entrepreneurship Compensation Stock Options Major Internet Companies Silicon Valley Why is there such a large founder to early employee equity drop-off? They are not even investing with their own money, but with their LP's money.

Equity 40

Equity Employee Founder Cofounder 40

Professor VC

DECEMBER 8, 2015

Luckily, Google was one of the 150 and did ultimately return the fund assuming the LP was smart enough to hold the stock after distribution. For those interested in an entertaining look back at Silicon Valley history, you can find that business plan here. At the IPO, Musk held a 14.2%

Merger 28

Merger LP IPO Redemption 28

Professor VC

MARCH 12, 2015

As with all M&A exits, there was a round of congratulatory messages to the founder in the Silicon Valley echo chamber. If I''m going to pay a fee and carry, would prefer to invest in a venture capital fund, as the investments are being managed by professionals and have a duty to look out for LP interests.

Syndicate 28

Syndicate Syndication Silicon Valley Common Stock 28

David Teten

MARCH 18, 2021

J-Angels “is a community and a VC fund of top American investors (Jewish-American & Israeli-born) in Silicon Valley and San Francisco.”. As such, there are 3 stakeholders when building a thesis: the investing Partners, the LPs and the founders. . It incorporates influences from the LP and, more and more, from the founders.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

Start Up Blog

APRIL 29, 2013

A bit like Silicon Valley. Maybe it is the soft crackle of an LP record that has enabled vinyl LP sales to increase year on year for the past 19. Web access is seen by the government as an ‘economic development investment’, not a political football.

Uruguay 123

Uruguay Technical Review Vertical Las Vegas 123

Both Sides of the Table

MARCH 6, 2017

Note that all of these names were not started in Silicon Valley. So LPs are looking for a combination of “established top tier” and “new managers with differentiation.” Here is the entire survey, which can also be downloaded and shared. If you need the original keynote slides for any reason — just ask.

LP 286

LP Silicon Valley Venture Capital Startup 286

Startup Lessons Learned

MAY 4, 2021

For many of us in Silicon Valley, one of the notable events of the crisis was Brian's public stance about the role of corporate leadership in social issues. And as Fred happened to move to Silicon Valley, he saw the prototype I had posted on Reddit, I think. None of them worked. And he reached out to me cold.

IPO 113

IPO Cofounder Technical Review Government 113