Version One Ventures

DECEMBER 3, 2019

Bessemer started the idea of the “anti-portfolio” – the companies that you passed on, but ended up doing very, very well. . After Honey was acquired by PayPal for $4B a few weeks ago, we thought it was a good time to share the Version One anti-portfolio: Honey. We had a chance to invest in a $500K round at a $12M valuation in 2015.

Portfolio 202

Portfolio Cap Table Early Stage Valuation 202

Hunter Walker

AUGUST 8, 2023

Obvious caveats to my POV here, most specifically: exposure is limited to largely the US/SiliconValley ecosystem, driven by our own portfolio, my friends and co-investors, the funds I’m a LP in, and our institutional LP relationships. Valuations. Many VCs Owned Too Little of Their Portfolio Companies to Begin With.

Portfolio 98

Portfolio Cap Table LP Valuation 98

Startup Professionals Musings

JANUARY 11, 2019

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. In reality, patents are only one of at least eight items that should be in your IP portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents. Marty Zwilling.

IP 234

IP Portfolio Intellectual Property Non-disclosure Agreement 234

View from Seed

DECEMBER 4, 2019

One or two of the best companies may continue to appreciate, but most of a VC’s portfolio has probably been realized, written off, or has maxed out its value. The longer the portfolio maintains the same value without distributing back cash, the worse the fund’s ultimate IRR. This would suggest that TVPI would be performing well.

LP 256

LP IRR Distribution Portfolio 256

VC Adventure

JUNE 14, 2022

Indeed, many firms even institutionalize the practice of providing help to portfolio companies through extensive platforms that may include PR, talent, marketing, technical, and other help (sometimes offered for free, sometimes offered ads a pay-for-service, but often at below-market rates for those services).

Technical Review 150

Technical Review Due Diligence Portfolio Venture Capital 150

VC Cafe

OCTOBER 31, 2022

The pressure to protect portfolio startups seen as potential fund returners will be profound. But even in the seed market the bar could get higher: I wouldn’t be surprised to see valuations drop and for VCs to have rising expectations about the level of traction they expect to see before funding. Investors are calling the shots.

Founder 173

Founder Technical Review Down Round Liquidation Preference 173

The Startup Magazine

JANUARY 14, 2020

Higher asset valuation – growing awareness about the environment; the social impact of buildings and the need to meet sustainability credentials is increasingly making real estate investors and occupiers turn to green buildings. The cumulative cost impact often adds to lower building operation and corresponding maintenance cost.

Green 137

Green California Government Valuation 137

The Startup Magazine

FEBRUARY 21, 2024

As an investor, these experiences have honed my ability to see beyond spreadsheets and valuations, to the core of what makes businesses thrive: the people, the vision, and the relentless pursuit of excellence. Beyond providing capital, private credit firms often engage in strategic partnerships with their portfolio companies.

Technical Review 132

Technical Review Due Diligence Bankruptcy Intellectual Property 132

Version One Ventures

DECEMBER 14, 2021

Round sizes increased significantly across all stages, as did valuations. The incredible pace of the start-up market in 2021 is also reflected in the Version One portfolio: . We made 15 investments in new portfolio companies in 2021, roughly twice our yearly average.

Technical Review 87

Technical Review North America Portfolio IPO 87

VC Cafe

FEBRUARY 27, 2023

Essentially, show that you can build a great portfolio and deploy all capital pre series A.” Seed and pre-Seed investment levels and valuations remain healthy, there’s more talent in the market and less competition.

Venture Capital 215

Venture Capital Technical Review LP Institutional Investors 215

ReadWriteStart

JUNE 1, 2020

The bridge or exit stage is generally of very large transactions and for companies with substantial valuation. The essential components of your pitch include a comprehensive business plan with projections of 5 years along with investment offerings and estimated valuations. Investors usually carry a portfolio of startups.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

OCTOBER 17, 2022

Examples of some leaders in this space include Ron Conway in Silicon Valley and Jeff Bezos , CEO of Amazon, who each may have over 500 startups in their portfolio. VCs are committed to servicing existing portfolios. Super angels sometimes drive up valuations. Super angels are individuals or small teams using their own money.

Angel Investor 342

Angel Investor Venture Capital Silicon Valley Portfolio 342

Startup Professionals Musings

OCTOBER 27, 2014

I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition).

Software Review 250

Software Review Software Technical Review Intellectual Property 250

View from Seed

OCTOBER 21, 2014

Using NextView as an example, since we both seek to lead the seed round and only lead during this round, I’ve seen this trend manifest in one of two ways: In a priced round, the entrepreneur will often share their valuation ask (or a stated floor) for the pre-money valuation of their company much sooner in the process.

Valuation 336

Valuation Founder Seed Stage Angel Investor 336

Both Sides of the Table

SEPTEMBER 28, 2014

Valuation. I wanted to call out special attention to valuation in this debate. Simply put – down rounds are very hard to achieve psychologically because insiders fight against them (rightly or wrongly) and outsiders have a mental gap that if your valuation is going down your company is forked up and they often just pass.

Burn Rate 383

Burn Rate Balance Sheet .Net Valuation 383

David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. If you have one, please contact me. 7) Negotiate .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Version One Ventures

JUNE 30, 2021

Here are just some of many activities and accomplishments in the V1 portfolio during the past quarter…. Ada, Outreach and Shippo all raised hefty rounds this quarter and reached the one-billion-unicorn valuation mark! valuation. . Shippo raised a $50M round led by Bessemer Venture Partners at a $1B valuation. .

Portfolio 60

Portfolio Valuation Canada IPO 60

Steve Blank

JUNE 27, 2017

Uber – current valuation >$70 billion – knew the day they started that their ridesharing service violated the law in most jurisdictions. Airbnb – current valuation $31 billion – allows people to rent out their homes, rooms or apartments to visitors. Here are some of the most visible examples.

Startup 275

Startup New York City Valuation Distribution 275

Steve Blank

APRIL 23, 2014

The Innovation Portfolio. Companies manage these three types of innovation with an innovation portfolio – they build innovation internally, they buy it or they partner with resources outside their company. However, these nosebleed valuations make it even more important in getting the acquired company integrated correctly.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

VC Cafe

SEPTEMBER 22, 2022

But becoming a Unicorn, or receiving a billion dollar valuation is no longer an indication of growth. Sorry for the humbrag, but I’m proud to see Minute Media , our Remagine Ventures portfolio company (and our only later stage investment) on this prestigious list. ” Bessemer. Today there are over 1,000 unicorns globally.

Software Review 109

Software Review B2C Open Source 109

Startup Professionals Musings

JANUARY 27, 2016

I still generally advise software startups to file a patent as a barrier to entry from competitors and to increase their valuation by investors, but every entrepreneur needs to understand the tradeoffs. Patent lawyers know how to frame claims broadly, with legal wording, to negotiate the success of some at the expense of others.

Software Review 120

Software Review Intellectual Property Software Technical Review 120

Both Sides of the Table

JULY 23, 2014

We are in a bubble (with so many private $1bn+ valuations). pre-money valuation you certainly would want to exercise your right to continue investing if you had prorata rights. 15 years ago we were at the peak of Internet hype with the launch of many over-capitalized businesses with a market size & opportunity was limited.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Hunter Walker

JUNE 9, 2023

My friends at Weekend Fund recently put out a round-up newsletter of some investor responses to the question “ Do Valuations Matter? They view valuation as an important guardrail in evaluating an investment opportunity. Like NEA, Homebrew takes an ownership-driven approach to investing.

Valuation 68

Valuation Seed Stage Portfolio Framework 68

View from Seed

AUGUST 17, 2021

A few weeks ago, we hosted a small dinner for a number of portfolio company founders, LP’s, and friends of the firm. This is the implied rate of return of a fund based on the value (mostly unrealized) of a portfolio. 90% of the airtime around ownership and valuations is focused on what happens when the first check is written.

IRR 205

IRR Dilution Founder Portfolio 205

Version One Ventures

APRIL 6, 2021

Despite the obvious challenges, we ended 2020 on a strong note and, so far, our portfolio family has been riding a huge momentum wave. 2021 is proving to be an incredible year across our portfolio – from big funding announcements to significant product developments. valuation. . You can read about it here. . Patch raised a $4.5M

Portfolio 60

Portfolio SEC Common Stock Angel Investor 60

Steve Blank

SEPTEMBER 5, 2018

Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios. What matters to investors now is to drive startup valuations into unicorn territory (valued at $1 billion or more) via rapid growth – usually users, revenue, engagements but almost never profits.

Lean 335

Lean Burn Rate Startup IPO 335

View from Seed

SEPTEMBER 13, 2018

The flood of seed-funded companies coupled with proliferation of seed funds willing to underwrite incremental capital into new and existing portfolio companies, has yielded a broad backlog set of “seed startups” with wild variations across the following three dimensions: 1. Effective) post-money valuation. raise $1.8M

Seed Stage 136

Seed Stage Post-Money Valuation Valuation Startup 136

Gust

OCTOBER 19, 2014

I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition).

Software Review 173

Software Review Software Technical Review Intellectual Property 173

The Startup Magazine

JANUARY 10, 2020

For younger people, then, it’s more difficult to get onto the housing ladder, and from there to make that second purchase to build a portfolio of housing and properties which you can then begin to work on, diversify or rent out. The post How to Start a Property Portfolio in 2020 appeared first on The Startup Magazine. Getting Renters.

Portfolio 81

Portfolio Valuation Management Marketing 81

Both Sides of the Table

MARCH 1, 2016

LPs See The Over-Valuations and Don’t Like It. LPs have followed the recent press about the over-valuation and over-funding of the startup industry, and they experience these phenomena first hand. dollars going directly into portfolio companies vs. the funds themselves).

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

View from Seed

AUGUST 17, 2021

A few weeks ago, we hosted a small dinner for a number of portfolio company founders, LP’s, and friends of the firm. This is the implied rate of return of a fund based on the value (mostly unrealized) of a portfolio. 90% of the airtime around ownership and valuations is focused on what happens when the first check is written.

IRR 156

IRR Dilution Founder Portfolio 156

Startup Professionals Musings

JANUARY 19, 2020

Examples of some leaders in this space include Ron Conway in Silicon Valley and Jeff Bezos , CEO of Amazon, who each may have over 500 startups in their portfolio. VCs are committed to servicing existing portfolios. Super angels sometimes drive up valuations. Super angels are individuals or small teams using their own money.

Angel Investor 314

Angel Investor Venture Capital Silicon Valley Startup 314

Version One Ventures

DECEMBER 20, 2021

Over the past 18 months, the pandemic has reset these expectations, leading to huge increases in valuations for both public and private tech companies…not to mention venture capital returns that are far better than what we have traditionally seen! Read the post: Resetting venture capital expectations: is 10x the new 3x?

Venture Capital 60

Venture Capital Technical Review Software Review IPO 60

Startup Professionals Musings

JUNE 26, 2013

VCs are finding that they don’t need the “large” funds of $100M to $500M to support a portfolio, if they focus on early-stage startups. It’s higher risk, but higher return, to pick the big winners early, before Angels have set unreasonable valuations and restrictive terms. New “up-and-comer” VCs focus on early-stage companies.

Angel Investor 231

Angel Investor Entrepreneur Early Stage Silicon Valley 231

Hunter Walker

DECEMBER 13, 2020

If things are going great, you still may get a lower valuation or smaller round. Highlighted Homebrew Portfolio Jobs. What I’ve concluded is that if you’re an “all steak, no sizzle” CEO you’re gonna harm your company if you don’t address this weakness (but good news, you can address it). How does this harm occur?

Technical Cofounder 144

Technical Cofounder Cofounder Startup Matching 144

VC Cafe

AUGUST 2, 2022

billion valuation) to invest in the Metaverse and build the future of digital entertainment Epic owns Fortnite, one of the most popular multiplayer games, enabling users to interact with each other online in an immersive way to play, socialise, attend to virtual concerts. In April 2022, the company announced it has raised $2 billion (at $31.5

IP 206

IP Cofounder Valuation Acquisition 206

View from Seed

AUGUST 17, 2021

A few weeks ago, we hosted a small dinner for a number of portfolio company founders, LP’s, and friends of the firm. This is the implied rate of return of a fund based on the value (mostly unrealized) of a portfolio. 90% of the airtime around ownership and valuations is focused on what happens when the first check is written.

IRR 136

IRR Dilution Founder Portfolio 136