David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . See my summary on how lead investors think about building out their syndicate. . Another critical design consideration is your tech stack. 5) Manage deal flow.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . See my summary on how lead investors think about building out their syndicate. . Another critical design consideration is your tech stack. 5) Manage deal flow.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

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. Cobalt for General Partners helps GPs to optimize their fundraising strategy. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

VC Cafe

JANUARY 24, 2021

It’s enough to see the rapid adoption of new social platforms from Signal in messaging to Clubhouse’s $1 billion valuation in less than a year. In 2021, optimism on investing in social media has returned. Read A16Z’s social strikes back series to get a feel of just how much movement is in this space.

Technical Review 207

Technical Review Audio Forecast Social Media 207

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Capacity Capital, Greater Colorado Venture Fund, Indie.VC, Reformation Partners, UP Fund, Versatile VC. Yes, via conversion rights at a valuation cap.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Both Sides of the Table

FEBRUARY 25, 2010

We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. million at a $15 million pre-money valuation. Morgan Stanley had proposed a higher valuation to let them in. You need your key negotiating partner and both sets of lawyers. Goldman said NFW.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Agile VC

APRIL 17, 2011

AGILEVC My idle thoughts on tech startups. Post-money valuation probably no higher than $12M (2). Pre-money valuation was initially set higher but was adjusted to match the Ser B valuation. Pre-money valuation was approx. Pre-money valuation was approx. Pre-money valuation was at least $250M (2).

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

View from Seed

JUNE 10, 2020

of teams’ online pitch decks and recorded videos, as well as loved the dozens of second-round video conversations which we had with Founders working on quite compelling startups. But the emphasis of our program is the direct one-on-one interaction with NextView partners to help push the company forward.

Cofounder 177

Cofounder Syndicate Syndication Alabama 177

Agile VC

MAY 26, 2011

AGILEVC My idle thoughts on tech startups. Salesforce.com is a startup with 76,000 subscribers (over 2.1M I also joke with Reid Hoffman that this was back in the days before he was “Reid” Reid’s an incredible entrepreneur, startup investor, and human being. How to Evaluate Firms for a Seed VC. May 26, 2011.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Pascal's View

JULY 9, 2017

This is a fundamental issue that does, indeed, boil down to understanding the post-money valuation of a company. At its core, this issue points to the lack of understanding about the importance of post-money valuation by both entrepreneurs and investors. But it is also a topic that many find esoteric and difficult to grasp.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Genuine VC

MAY 29, 2014

Yet even today, whether or not to take a (relatively) small check in a seed round syndicate from a multi-hundred million or even billion dollar fund is still a decision which takes quite a bit of consideration and sometimes consternation. So there is an element of (positive) selection bias in the larger VC syndicate cohort companies.

Syndicate 166

Syndicate Syndication Seed Stage Valuation 166

Both Sides of the Table

NOVEMBER 8, 2010

They monetize via high-priced advertisements during the prime-time airing on TV, via syndication to international audiences or less-watched channels after the original series has run and via DVD sales in retail channels. Many reasons but a clue is that the studios have to honor “time windows&# for when the show runs.

Video 292

Video Technical Review Advertising Distribution 292

thebarefootvc

MAY 8, 2012

The best VCs are the ones that balance their optimism, vision and enthusiasm for startups with realism based on very real constraints (the primary one being his/her own time, but also includes market development and exit timing). As an entrepreneur at heart, I often innately grasp the potential of entrepreneurs and ideas that I meet with.

Venture Capital 78

Venture Capital Syndicate Syndication Bandwidth 78

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

www.paulgraham.com

APRIL 28, 2010

Want to start a startup? A typical startup goes throughseveral rounds of funding, and at each round you want to take justenough money to reach the speed where you can shift into the nextgear. Few startups get it quite right. 1 ] A startups life will be more complicated, legally, if any of theinvestors arent accredited.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

View from Seed

AUGUST 20, 2014

If the company is doing really well, the VC will have an incentive to try to do more of the next round at perhaps not the highest possible valuation. Definition: This is a case where two large VCs partner to take a significant portion of the round together, often leaving only a small piece for value added angels or seed investors.

Startup 301

Startup Syndicate Syndication Boston 301

Both Sides of the Table

APRIL 27, 2014

I told my friend that I felt that in 2014 too many new VCs feel the pressure to chase deals, to be a part of syndicates with other brand names and to pounce on top of every startup whose numbers are trending up quickly. It’s hard enough being an investor in the roller-coaster life that is startups. I don’t.

Cofounder 374

Cofounder Syndicate Syndication Early Stage 374

Hunter Walker

NOVEMBER 30, 2022

When a High Flying Startup Implodes. In fact, losing money on a meaningful percentage of startups isn’t just expected, it’s potentially evidence that you’re taking enough risk to hit some of the power law winners which will pay back your LPs many times over! Opportunity Cost of Follow-on Capital. Disappearing TVPI. “It

Vertical 48

Vertical LP Syndicate Syndication 48

Genuine VC

JULY 30, 2012

By communicating pricing expectations with potential lead investors, I mean sharing either an “ask” or even stated floor for the pre-money valuation of the company (with a priced preferred round) or explicitly stating a valuation cap (for convertible note round).

Valuation 136

Valuation Pre-Money Valuation Angel Investor Syndicate 136

Agile VC

FEBRUARY 28, 2012

AGILEVC My idle thoughts on tech startups. Startups in NextView’s portfolio frequently receive inbound interest from other VC investors who are intrigued about what they’re doing, and I often talk with other early-stage entrepreneurs how to approach similar situations. How to Evaluate Firms for a Seed VC.

Early Stage 100

Early Stage Syndicate Syndication Silicon Valley 100

Agile VC

MAY 21, 2012

AGILEVC My idle thoughts on tech startups. There’s also a meaningful cohort of newly public companies that now have valuations of $1B+ who could seriously contemplate an acquisition of $100M+ for stock or cash… Yelp, Zillow, Tripadvisor, Jive Software, Splunk, and others. How to Evaluate Firms for a Seed VC. May 21, 2012.

Acquisition 162

Acquisition Silicon Valley B2B Seed Stage 162

mashable.com

MARCH 7, 2011

Mashable | The Social Media Guide Viral Topics Twitter YouTube Facebook iPhone Google Video About Mashable Company About Us Advertise Submit News Contact Us Announcements Resources Guidebooks Lists How To Trending Twitter List Directory Mashable Awards Subscriptions Partners W3 EDGE Rackspace Concentric Sky Dynect DNS Intridea Welcome to Mashable!

Developer 93

Developer HTML API Ruby 93

Hippoland

SEPTEMBER 17, 2017

It’s something that startup investors talk about in vague terms. I know that some investor down the road is going to be enamored with the team’s resume and will pick that team up at a higher valuation and fund them. Just a couple of years ago, AngelList announced their syndicate feature. Or how well they execute.

Silicon Valley 48

Silicon Valley Syndicate Syndication Angel Investor 48

Hippoland

SEPTEMBER 17, 2017

It’s something that startup investors talk about in vague terms. I know that some investor down the road is going to be enamored with the team’s resume and will pick that team up at a higher valuation and fund them. Just a couple of years ago, AngelList announced their syndicate feature. Or how well they execute.

Silicon Valley 48

Silicon Valley Syndicate Syndication Early Stage 48

Both Sides of the Table

AUGUST 1, 2010

Many (Union Square Ventures, Foundry Group, True Ventures, GRP Partners, Mike Hirshland at Polaris Ventures) do it the right way – we treat it as a normal investment and we don’t have a “options&# strategy with our investment. Tags: Startup Advice Tech Market Analysis VC Industry. Short summary of my posts: 1.

Post-Money Valuation 298

Post-Money Valuation Term Sheet Warrant Partner 298

Agile VC

JANUARY 27, 2012

AGILEVC My idle thoughts on tech startups. Something has clearly changed within the last 5-6 years in terms of the speed with which monster startups are created in the software and internet space. Multi-billion dollar valuations for late stage startups like Dropbox, et al. Are Google-Scale Outcomes More Frequent?

Hockey Stick 113

Hockey Stick Seed Stage Silicon Valley Syndicate 113

Duct Tape Marketing

DECEMBER 14, 2017

He’s been a developer/hacker for over 15 years, and he sold his first startup, VinSolutions for $150 million. Basically started as somebody of how do we take photos of cars and the pricing and descriptions of the cars, and put it all in one place, but then syndicate it. This is John Jantsch and my guest today is Matt Watson.

Kansas City 40

Kansas City CTO Hire Las Vegas Software Developers 40

Professor VC

MARCH 12, 2015

The above was the opening salvo of a controversial tweetstorm yesterday by my former student and 500 Startups founding partner, Dave McClure (full venom below). It was a great product addressing a large market opportunity and was interested in seeing how the AngelList syndicate process worked.

Syndicate 28

Syndicate Syndication Silicon Valley Common Stock 28

Agile VC

SEPTEMBER 27, 2011

AGILEVC My idle thoughts on tech startups. Providence Equity invested $100M at a $1B valuation not because of their technology or product, but because the network owners contributed a lot of valuable content… or at least access to it for 2years. My partner @ LeeHower looks back: [link] 5 days ago Search. Previous Entries.

Silicon Valley 100

Silicon Valley Seed Stage Syndicate Syndication 100

David Teten

NOVEMBER 15, 2013

Each new investor tends to raise valuations and lower returns for all the other competitive investors. In the asset management industry, the norm is that the General Partner puts in 1-2% of the total assets under management. According to CB Insights, there is little to no relationship between financial runway and startup success.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

View from Seed

JANUARY 28, 2016

On Wednesday, my partner David wrote about how we’ve been using our office space (and network and other resources) to support pre-seed companies. This is the best time to fundraise because that’s when you are able to command a meaningfully higher valuation for your next round to minimize your own dilution.

Cofounder 120

Cofounder Finance Founder Syndicate 120

Agile VC

FEBRUARY 9, 2012

AGILEVC My idle thoughts on tech startups. Also these are typically more mature assets that can be analyzed and understood in broader ways than a de novo startup. Brand, both firm brand and individual partner brand, clearly matters. My partner @ LeeHower looks back: [link] 5 days ago Search. How To Think About The Future.

Seed Stage 100

Seed Stage Framework Silicon Valley Early Stage 100

Hunter Walker

DECEMBER 21, 2014

Our emphasis isn’t on slide decks and governance, but instead on helping founders build leadership, steady cadence and periodic strategic discussion into their thinking, which we believes contributes to startups being more prepared for a successful A Round. No more, no less. What’s a seed fund to do?

Cofounder 102

Cofounder Seed Stage Syndicate Syndication 102

Professor VC

JULY 25, 2013

Startup outcomes tend to be very binary. Another area where I''m not sure I stand is with some of the more formal referral and syndication programs that are emerging now. AngelList (which I remain a big fan) also recently launched a syndicate program. The other investor could''ve certainly lobbied to get me an allocation.

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46

Feld Thoughts

AUGUST 1, 2018

The $750 million fund combines all of our prior fund strategies – our early stage, early growth, and partner fund investments – into a single fund. When we started Foundry Group, we had four equal partners. We now have seven equal partners. The seven partners all work directly with the companies and partner funds.

Syndicate 17

Syndicate Syndication IRR Canada 17

Agile VC

FEBRUARY 2, 2012

AGILEVC My idle thoughts on tech startups. I recently wrote a post noting that while the growth cycle of startups has clearly accelerated in the last 5 years, the number of truly monster new businesses (a company ultimately worth $75-100B) remains about the same … it’s a once in a decade sort of thing. February 2, 2012.

IPO 100

IPO South Korea Venezuela Revenue 100

Austin Startup

DECEMBER 20, 2010

Legendary venture investor and General Partner at Austin Ventures John Thornton told us, “Social content has tremendous potential to drive a new level of consumer engagement on media, entertainment and retail properties – but the market needs a startup with expertise in both social and enterprise tech in order turn the promise into reality.

Curation 118

Curation Austin Cofounder Ruby 118