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If You Don’t Respect Your Customers You Won’t Be Successful

Both Sides of the Table

I had dinner this week with a top new customer at one of our enterprise software investments. I wish I did more enterprise software investing because when I attend meetings like this I realize that this is my core DNA – rolling out business software solutions to customers. We were talking about raising money from LPs.

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Why Hearing “No” in a Fund-Raising Process is Actually Healthy

Both Sides of the Table

This is true of any buying process where a customer has to make a large investment decision on your software or when an investor must decide whether to give you $5 million. I had learned that this is a standard line every LP uses to have an “easy no” for VCs. He also has gone on to become one of my closer LP advisors.

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Announcing NextView IV

View from Seed

We see software upending the areas where large swaths of the population spend all of their time, money, and attention, and we want to collaborate with founders that are bringing forward a more prosperous, equitable, and exciting future in these areas. . Because of this, we are always grateful to all of our LPs for their trust.

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New Meetup on Building Tech Tools for Private Equity+VC Investors

David Teten

My colleague Sebastian Soler, software engineer at ff Venture Capital, is leading the launch of a new Meetup with me. I’ve also made significant engineering contributions to our two other platforms, Admin (back-end portal for our data team) and Access (LP dashboard). I asked him to write a guest post: Hi!

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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

Consumers pulled their money out of these risky investments, but when LPs make commitments to VC funds they make 10-year, legally binding commitments. So as of 2008 total LP commitments were still at nearly $250 billion. I was at dinner with a large LP and mentioned that I had heard the industry would shrink by 50%.

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Does Fintech Disruption Break The Investment Banking Model?

YoungUpstarts

by Joe Duncan, founder of Duncan Capital LP. Compliance is being disrupted as algorithms and other software driven programs can be written to detect and report anomalies much more efficiently than human compliance officers. Fintech is triggering a profound rethink for financial institutions, from retail to investment banking.

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10 Reflections After 10 Years of NextView

View from Seed

But the general idea is that for software driven businesses, traction can create unpredictable upside that is hard to account for but should not be ignored. I can tell a story looking backwards why our LP base was carefully constructed. Traction creates opportunity. This means a number of different things.

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