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. Soft Acquisition Market. Valuations. And that’s what’s happening here.

Portfolio 118

Portfolio Cap Table LP Valuation 118

ithacaVC

DECEMBER 14, 2011

Specifically, “too much” liquidation preference (I will use “LP” for liquidation preference). As most of you probably know, LP is one of the fundamental economic attributes of preferred stock that preferred shareholders enjoy. Series B round = $5mm and the Series B preferred stock is participating with a 2x LP.

Liquidation Preference 49

Liquidation Preference LP Preferred Stock Liquidity Event 49

K9 Ventures

OCTOBER 10, 2017

Typically, Pre-Seed rounds are less than $1M in aggregate capital raised. The first time I used the words “pre-seed” (yes, the initial use was in all lower-case, but then became upper-case over time) was on June 27, 2013, at the K9 Ventures LP Meeting. Q: What amount of financing is considered Pre-Seed? Q: Is Pre-Seed a Thing?

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

YoungUpstarts

OCTOBER 23, 2017

by Joe Duncan, founder of Duncan Capital LP. This combinatorial model works because it’s diversified, can best withstand bear markets, benefits from technological synergies, and it’s the mix of products and services clients value. Fintech is triggering a profound rethink for financial institutions, from retail to investment banking.

Technical Review 154

Technical Review Artificial Inteligence Software Review IPO 154

Start Up Blog

APRIL 29, 2013

Startups are lucky that they can’t afford research, so they test in market and land upon on ideas that would never fly based on what we think or what focus groups would respond with. Given technology is becoming the major form of market access – it should now be viewed in the same realm as access to medicine and education.

Uruguay 123

Uruguay Technical Review Vertical Las Vegas 123

Both Sides of the Table

JUNE 29, 2011

This will continue while we’re in a tech bull market and I predict will wane when we’re not. I believe some VCs have entered the early-stage market as simply an option on future financing rounds. In a bull market many players see drift in their activities. The LP Community Hasn’t Yet Caught Up.

Venture Capital 296

Venture Capital Software LP Early Stage 296

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. With the public markets down, these groups began writing down Unicorn valuations.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Agile VC

NOVEMBER 13, 2012

At Risk – Usually starts with a firm beginning to see challenges in large portions of its portfolio, or in keeping the partnership together, or in the viability of the firm’s core strategy as broader markets start to shift (e.g. there’s a heck of a lot fewer pure-play cleantech VCs today than 5 years ago).

LP 154

LP Portfolio Venture Capital IRR 154

Babbling VC

NOVEMBER 28, 2011

If you generally watch the market in the venture capital space as I do, there's one thing you'll inevitably run across again and again. You're a VC and LP's can't make up their minds and keep telling you to come back once you can show more? billion in aggregate. The market is hyper-competitive and you have to outshine the rest.

LP 71

LP Valuation Aggregator Venture Capital 71

Startup Lessons Learned

MAY 4, 2021

The company's market cap at the time of their entry into the public markets topped $100 billion dollars. It kind of aggregates technology content, I suppose. That's basically the loop of how you find product market fit is go talk to the customers, take their feedback, and go improve the product. I promise."

IPO 113

IPO Cofounder Technical Review Government 113

VC Adventure

JANUARY 24, 2025

But this evolution in the venture market isnt a surprise. In that post, I described the bifurcation of the venture industry and predicted that large, muti-stage, multi-sector firms would continue to raise ever larger funds and that firms with smaller, more focused funds would proliferate at the other side of the market.

Aggregator 56

Aggregator LP Cap Table Venture Capital 56

Both Sides of the Table

MARCH 6, 2017

This is key because in a permanently low-interest-rate environment parking large pools of capital in assets that benefit from interest is not possible so LPs seek “higher yield.” Here is the entire survey, which can also be downloaded and shared. If you need the original keynote slides for any reason — just ask.

LP 286

LP Silicon Valley Venture Capital Startup 286