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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

The market was down considerably with public valuations down 53–79% across the four sectors we were reviewing (it is since down even further). ==> Aside, we also have a NEW LA-based partner I’m thrilled to announce: Nick Kim. We do deals in NYC, Paris, Seattle, Austin, San Francisco, London?—?but super size or super focus.

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Use agile budgeting to manage your cash

David Teten

Instead of budget approvals, monitor key metrics and give managers more flexibility. How should a growth company manage their budget? So here’s the solution I have recommended to some of my portfolio companies: “ agile budgeting ”, i.e., monitoring a few key variables while giving managers significant flexibility.

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How VCs Think About Adding New Partners

Both Sides of the Table

After years of trying to persuade Kara Nortman to become a partner at Upfront Ventures I can officially announce now that she’s joined us effective immediately. It is rare to find somebody who matches exactly what I’m looking for in a partner so when you find it you act: Academic rigor (Princeton undergrad, Stanford MBA).

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Unrequited Love

Steve Blank

The VC’s suggested I should spend a day at Onyx Software, an early pioneer in Sales Automation in Seattle. In my first meeting with the Onyx I was a bit nonplussed when the management team started trickling into their boardroom. So I called on my friends at Onyx and got on a plane to Seattle. I Know A Great Customer.

Seattle 259
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Our 2014 in review

Version One Ventures

We remain geographically agnostic: a 50-50 split between Canada and the US with the highest concentration in Toronto (6), SF/Bay Area (5) and Seattle (4). Lastly, most of what we do is not possible without the support of our LPs, our colleagues, our partners, our portfolio companies, our family and friends, and our followers.

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Julie Sandler Joins Pioneer Square Labs As A Managing Director

Feld Thoughts

We led the financing, and I joined the board to work more closely with Greg Gottesman, Geoff Entress, Mike Galgon, and Ben Gilbert to build a long-lasting and enduring startup studio in Seattle. Today, Julie Sandler joined Pioneer Square Labs as the fourth managing director. Foundry Group has a deep connection to Seattle.

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Upfront Ventures Adds Hamet Watt as New Investment Partner

Both Sides of the Table

I am thrilled to announce that we have added Hamet Watt as a Partner at Upfront Ventures. But as sweet as that success has been (we invested pre-revenue in a small team) today my even more important news was the further expansion of our partner ranks. We have been on a drive to add more operational partners. What does that mean?

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