Playing the Long Game in Venture Capital

Both Sides of the Table

The abundance of late-stage capital is good for us all. It’s amazing to me that a company that just a little over 5 years ago was struggling to attract capital at much more than $100 million valuation can now ACQUIRE companies for this amount. Entrada Ventures? —?that

Book: The Business of Venture Capital

Feld Thoughts

Today’s book recommendation, for anyone interested in venture capital, is The Business of Venture Capital: The Art of Raising a Fund, Structuring Investments, Portfolio Management, and Exits by Mahendra Ramsinghani. Books mahendra ramsinghani Venture Capital

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Take Five – How will the downturn continue to play out on startups and venture capital

VC Cafe

Building on my post on ‘ Advice for startups in a downturn (May 2022 edition) ‘, this week I continued to follow with interest the impact of the current correction on startups and venture capital, particularly in early stage. What are the implications for venture capital?

The takeover of Corporate Venture Capital

VC Cafe

The takeover of Corporate Venture Capital - how CVCs passed traditional VC volume in the US in 2018, how does it compare to Europe and Israel and what are the drivers for this unprecedented level of. allianz comcast ventures corporate venture capital CVC GV Hearst ventures intel capital Remagine Ventures samsung next US

How Venture Capital Decision Making Has Changed During the Pandemic

View from Seed

The sudden arrival of the global pandemic has shifted the playbook for founders and venture capitalists. With the onset of COVID-19, we, along with the broader ecosystem of venture capitalists and entrepreneurs, have been pushed to rapidly adapt, forge connections, and do our jobs remotely.

Pioneering Women in Venture Capital: Kathryn Gould

Steve Blank

Kathryn has been the founding VP of Marketing of Oracle , a successful recruiter, a world class Venture Capitalist, a co-founder of a Venture Capital firm, a great board member, one of my mentors and most importantly a wonderful friend. During her career she made a big point of not telling you: she was one of the first women Venture Capitalist’s in Silicon Valley (along with M.J. The answer of course, was Venture Capital, but that was not in the cards—as yet.

Resetting venture capital return expectations: is 10x the new 3x?

Version One Ventures

When I started Version One Ventures in 2012, every experienced VC shared the same rule of thumb: we had to return 3x net consistently to stay in business (i.e. 3x the invested capital net of fees over a period of about ten years for a net IRR in the low twenties).

Venture Capital is About Human Capital

Both Sides of the Table

Most VCs did well academically and had enough career success that a venture firm was willing to give them an investment role or they were able to raise their own fund. Fundamentally venture capital is about human capital. In the end I know the only true differentiator in venture capital is the company you keep. Venture Capital is a people business.

Israeli Venture Capital funding in Q2 2020 is higher than the previous year despite Covid-19

VC Cafe

Uncategorized Israeli startups israeli vc Israeli venture capitalA new report by IVC shows funding volume of Israeli startups in H1 2020 is higher than the previous year, despite the pandemic.

Endless Meaningless Words in Entrepreneurship and Venture Capital

Feld Thoughts

For example, I continually get asked some version of “How do I get a job as a VC” and point everyone at my partner Seth’s post How To Get a Job In Venture Capital. I read On Truth and Untruth: Selected Writings by Nietzsche yesterday.

Dan Lok Explains Venture Capital Funding and How to Secure It

The Startup Magazine

Many companies need venture capital funding, including startups. The process of getting venture capital funding may be difficult, but it pays off in a cash infusion for your business which may be able to make the difference between failure and success.

Succeeding in Venture Capital as an Introvert

Hunter Walker

But for those who have only been exposed to me in public settings, or online, there’s usually more surprise that a venture capitalist like me could be an introvert. How a year of virtual living made me appreciate people more. When I tell people I’m an introvert, reactions split into two camps.

Succeeding in Venture Capital is Mostly About Knowing What to Buy. But When To Sell Matters Also.

Hunter Walk

Starting a venture capital blog post with 1970s country music lyrics is pretty uncommon, but so is writing about when and why an investor might choose to sell equity before the company exits. Again rarely but if you do venture long enough you see at least one of everything.

Entrepreneurial Density and Venture Capital

Feld Thoughts

Two of his latest articles talk about entrepreneurial density and venture capital. The Connection Between Venture Capital and Diverse, Dense Communities. In it, he looked at Venture Capital financing (total dollars and number of deals) on a per-capital basis. And Richard acknowledges this: “I’ll continue to track the evolving geography of start-ups and venture capital in future posts.

Love and Venture Capital

Feld Thoughts

The post Love and Venture Capital appeared first on Feld Thoughts. Venture Capital fred wilson Jerry Colonna podcast rebootIf you’ve missed me, it’s because I spent a week in Australia. Ten days ago, after being there for a few days, I came down with salmonella poisoning. I’m finally starting to feel normal again although I’m still exhausted. This has easily been the sickest I’ve ever been.

Venture Capital Investors Look Beyond Your Startup

Startup Professionals Musings

Obviously, a key factor is always the state of the economy and the mood of the venture capital community. According to the Silicon Valley Venture Capitalist Confidence Index® for the First Quarter 2013, the Q1 increase marks three consecutive quarters of positive sentiment among Silicon Valley venture capitalists. California (Silicon Valley), New York (NYC), and Massachusetts (Boston) are the places to be in the US for venture capital attention.

Changes in the Venture Capital Funding Environment

Both Sides of the Table

There was an explosion in number of startups both because it was cheap and there was tons of available capital. The other major trend of 2012–2015 was the entrance of “non VCs” into late-stages of venture capital , which mostly consisted of hedge funds, mutual funds, corporate investors, sovereign wealth funds and even LPs doing direct deals. Be thoughtful about from whom you raise capital.

The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

This post is about the rise of Chinese venture capital and how it helped build the countries entrepreneurial ecosystem. The Rise of Chinese Venture Capital. The first wave of startups began when R&D centers and universities began to provide the technology and seed capital for new startups that were spin-outs or spin-offs. SBIR and STTR programs, the Torch Program’s funding for new ventures was limited to seed funding the front end.

Why Is There So Much Turnover In Venture Capital?

View from Seed

But even at the Partner-level, the amount of transition in Venture Capital is much more than you perhaps would expect… especially in a business which should have a long term orientation with portfolio investment-hold periods and Partnerships lasting more than a decade. So why is there so much turnover in Venture Capital? The median average investment time period to liquidity for a venture investment is currently 6.5-7.5 appeared first on NextView Ventures.

Venture Capital Q&A Session

Both Sides of the Table

We received so much positive feedback from our This Week in Venture Capital show walking through valuation calculations & term sheets that we decided to do a Q&A show this week to address topics that entrepreneurs want to learn about. Mike Stern (wasn’t sure which one so leave a comment if it’s you): Q: “is it possible to sell your startup without venture investment if the company has big traction and a large user base?&#

LinkedIn Learning: Raising Venture Capital and Validating Your Startup Idea

Feld Thoughts

The first one is on Raising Venture Capital and is based on content from the book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist that I wrote with Jason Mendelson. Raising venture capital from Brad Feld on Raising Capital by Brad Feld. The post LinkedIn Learning: Raising Venture Capital and Validating Your Startup Idea appeared first on Feld Thoughts. I recently recorded two free courses with LinkedIn Learning.

How To Get A Job In Venture Capital

Feld Thoughts

My partner Seth Levine has written several posts over the years on the topic of how to get a job in venture capital. His 2019 post, titled creatively How To Get A Job In Venture Capital is excellent. Things have changed in the last decade since his 2008 post titled How to get a job in venture capital (revisited) , which was an update from his 2005 post titled How to become a venture capitalist. Getting a job in venture is hard and can take a while.

Venture Capital Superheroes

David Teten

We do have very significant follow-on capital to invest in Series A and later rounds as companies mature, at or above our pro rata.”. Fred Wilson wrote about a similar dynamic at Union Square Ventures. . Analytics and Data ff Venture Capital Management Venture Capital CB Insights just included ffVC in 13 Micro VCs We’re Watching , along with a (highly inaccurate) superhero graphic. CB Insights has become a very influential data source in the industry.

The Long Haul Of Building A Venture Capital Firm

Haystack

On a slightly smaller impact scale, there isn’t a lot of content out there about “How to build a venture fund.” Most of them won’t see a Fund II, and very few, if any, will become a permanent part of the venture fabric. While I don’t have the ambition to build “out” a huge fund with a huge team and scaling capital, raising successive funds is not easy and building out real firm infrastructure is a grind.

How to Build a Startup & Understanding Venture Capital

Both Sides of the Table

And if you do happen to be lucky and find the right mountain to climb, if you find that you’ve started ascending the peak before others have found the right trail — then venture capital is for you. But you need to understand venture economics. Venture capitalists raise money with a goal of returning 4x the amount they raise to their Limited Partners (LPs).

3 venture capital investors explain how they value crypto startups with the markets in turmoil

Lightspeed Venture Partners

The post 3 venture capital investors explain how they value crypto startups with the markets in turmoil appeared first on Lightspeed Venture Partners

Lessons from a Diverse Venture Capital Portfolio

This is going to be BIG.

Brooklyn Bridge Ventures , the pre-seed and seed stage VC fund I run in NYC, has invested in 64 companies in the last six and a half years. The diversity is the direct result of our mission—to build the most accessible venture capital fund in NY. When you conflate hyperbole for ambition and realism for lack of aggressiveness, you will ultimately wind up shutting out a lot of groups from the game of risk seeking capital and opportunity.

Venture capital’s biggest firms are raising giant multibillion dollar funds despite a market downturn

Lightspeed Venture Partners

The post Venture capital’s biggest firms are raising giant multibillion dollar funds despite a market downturn appeared first on Lightspeed Venture Partners

Will Your Startup Get Venture Capital or IPO in 2013?

Startup Professionals Musings

Based on the final report for 2012 from Thomson Reuters and the National Venture Capital Association (NVCA), it may appear that IPOs are back as a viable startup exit strategy. For the full year 2012, venture-backed initial public offerings raised $21.5 The dot.com heydays of free flowing venture capital and supercharged IPOs are not back. The market and venture capitalists are looking for business, but with a continuing focus on proven business models.

IPO 186

Why Venture Capital is So Much More Compelling Now

Both Sides of the Table

It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” I presented the deck below – which was prepared with the great help of Upfront Venture’s Principal Jordan Hudson – at Dave McClure’s must attend event called PreMoney with much more data and narrative than I had in my blog post.

It’s Morning in Venture Capital

Both Sides of the Table

Many observers of the venture capital industry have questioned whether its best days are behind it. There are obvious reasons the industry has had less-than-desirable returns, including: massive over-funding of the sector, huge increases in inexperienced venture capitalists that took a decade to peter out, and the massive correction in the value of the public stock markets that closed many exit opportunities for half a decade. This article originally ran on PEHub.

A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

In January, Jerry Neumann wrote a long and detailed analysis of his view of the VC industry in the 1980’s titled Heat Death: Venture Capital in the 1980’s. The key reason for the explosion in capital flowing into the industry, and therefore the large increase in practitioners, had nothing to do with 1970’s performance, early stage investing, or technology. Continental Capital*. $ 250,000. KPC&B II. $ 775,000.

A Deep Dive into What Has Really Changed in Venture Capital

Both Sides of the Table

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. “We’re Others believe that new business models are emerging that could replace venture capital all together. Every year I try to answer the question of “what has changed in the Venture Capital industry” and this year my colleague Chang Xu and I took a deep dive through the data and called many of our peers for confirmation.

New video: best practices in venture capital sourcing

David Teten

Ventures”, which was the name of Versatile VC before we changed it. Venture Capital OriginationI just received the video from my keynote talk at the Ascent Conference on best practices in VC sourcing. For the full slide deck and other resources, see: Where are the deals?

How To Get a Job In Venture Capital

VC Adventure

One of the most frequent questions I get asked is “how do I get a job in venture?” Below is an updated overview of the venture job landscape as well as some current thoughts on how to break into the industry. If you’re trying to break into venture the news, in general, is good (the two charts below were pulled from a great post by Eric Feng on the state of the VC market from late last year). So has the typical profile of a venture professional.

How Venture Capital Funds Leverage AI and Big Data

VC Cafe

Venture Capitalists invest in tech, but how much tech do they actually USE in running their own business? AI Tech Stack angel list Big Data Correlation Ventures Crucnchbase FT GV Hone Capital Inreach Ventures mattemark McKinsey ML Pitchbook predictive analytics SignalFire tech stack VC venture capitalFrom sourcing investment opportunities to choosing which ones will take off, I took a look. This is a content summary only.

More Startups are Getting Less Venture Capital

Startup Professionals Musings

You need to accept the fact that the down economy over the last couple of years has changed the way in which venture capitalists see the world, so you should adjust your strategy and expectations in dealing with them. So the venture process isn’t dead yet, despite all the rumors. billion invested during the same three-month period in 2009, according to the National Venture Capital Association (NVCA). Startups and entrepreneurs need to be realists.

Venture Capital Firm Trust Ventures Closes on its Third Fund Worth $200 Million

SiliconHills

In 2018, Trust Ventures closed on its first venture capital fund of $35 million in Austin. And on Tuesday, Trust Ventures closed on its third and largest fund yet, targeting $200 million.

5 Ways Venture Capital Is Shaking Up The Tech Startup Landscape In Asia

YoungUpstarts

There is a thin line between success and failure for startups, and that is usually determined by capital. The more capital a startup has, the easier it is to get off the ground and ramp up growth. With venture capitalists around the world shifting their focus to Asia, here are 5 ways the surge in venture capital fundraising is shaking up the startup landscape in the region. KPMG’s Venture Pulse Q3 2017 reported that the Asian market has raised $12.3

Asia 129

Vietnam venture capital – potential unlocked

VC Cafe

Vietnam’s Ministry of Planning and Investment (MPI) has shared a circular (a regulatory document, in Vietnam speak) for improving the legal environment for venture capital investing in the Socialist state. 500 Startups announced their $10 Vietnam fund in March , while FPT Ventures has a Seed Fund and Golden Gate Ventures maintains a rep focused on Vietnam.

Forbes 30 Under 30 2021: Venture Capital

Lightspeed Venture Partners

The post Forbes 30 Under 30 2021: Venture Capital appeared first on Lightspeed Venture Partners

Why the Blockchain is so disruptive for venture capital

Version One Ventures

And so, we keep hearing how venture capital is about to be disrupted. The post Why the Blockchain is so disruptive for venture capital appeared first on Version One. These days not a single meeting with a fellow VC goes by without talking about Blockchain and how to invest in this space. We are all a bit puzzled by how quickly this market has evolved.

Israeli venture capital broke new records in Q3 2020, but seed rounds are massively down

VC Cafe

With that said, Israeli Venture Capital funding broke a new record in Q3 2020, according to an IVC report. Q3 2020 venture funding in Israel broke new records ( source ). Anecdotally, we see a lot of activity in seed and pre-seed financing at Remagine Ventures, with sizeable deals closing very quickly. The post Israeli venture capital broke new records in Q3 2020, but seed rounds are massively down appeared first on VC Cafe.