Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Yet boards of large companies exist to monitor efficient strategy and execution of a known business model. 1) It’s their fiduciary responsibility.

Silicon Valley 273

Silicon Valley Business Model Venture Capital Balance Sheet 273

Steve Blank

JULY 15, 2010

VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Most of the startups they invested in either died by running out of money before they found a scalable business model or ended up in the “land of the living dead” by never growing (failing to Pivot.).

Venture Capital 306

Venture Capital IPO Liquidity Event Entrepreneur 306

David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Typical business stage. An already proven business model and its already valuable assets. Venture Debt.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

DECEMBER 3, 2019

A more efficient approach to fundraising than haphazard networking is to mine the data exhaust from the limited partner universe to identify those LPs most likely to find your fund attractive, and focus all your energy on them. Cobalt for General Partners helps GPs to optimize their fundraising strategy.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

FEBRUARY 6, 2019

Others believe that new business models are emerging that could replace venture capital all together. Yes, VC / Startup Funding is up Massively If you look at how much VC firms have raised from Limited Partners (LPs) over the past 2 decades you’ll see that we’ve returned to a level that we haven’t seen since 1999.

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

Version One Ventures

SEPTEMBER 12, 2017

And most importantly, most companies cannot and should not do an ICO as their business model is not decentralized and hence their token has no utility value, Yet, with all that said, I still believe that this wave of decentralized platforms will be the biggest disruptor to hit the VC industry over the next decade. Here’s why: 1.

Venture Capital 164

Venture Capital LP Dilution Limited Partner 164

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. John Borchers defines RBI as, “anchored around a model for providing long-term growth capital to a company that is paid back over time in the form of a modest, fixed percentage of monthly revenue.

Revenue 60

Revenue Term Sheet Founder Technical Review 60

View from Seed

OCTOBER 29, 2014

Most of the dollars a VC firm invests come from outside limited partner investors (LPs). The actual partners of a VC firm (GPs) will typically invest a minimum of 1% of the total size of their fund,* though frequently this percentage is substantially higher (especially in many of the best funds). What Are These Intermediaries?

LP 335

LP Private Equity Institutional Investors Venture Capital 335

K9 Ventures

JULY 19, 2012

Not interested in me-too businesses. No three-way business models and no content, media, advertising-based companies. Capital Appropriate : Companies whose capital needs over the life of the business make sense given the potential size of the opportunity/exit.

Technology 132

Technology Seed Stage San Francisco Limited Partner 132

K9 Ventures

JULY 19, 2012

Not interested in me-too businesses. No three-way business models and no content, media, advertising-based companies. Capital Appropriate : Companies whose capital needs over the life of the business make sense given the potential size of the opportunity/exit.

Technology 132

Technology Seed Stage San Francisco Limited Partner 132

Agile VC

JULY 19, 2012

This is true not only in a firm’s dealings with entrepreneurs but also with it’s limited partners and even within the firm among its partners. But being able to recognize and admit when you’ve slipped and then course correct as needed is often key to a firm’s ascent to or continued greatness.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

David Teten

JANUARY 11, 2020

They’re taking a $1m check from me, or giving $5m to me as a limited partner. In the venture capital/private equity business, investors are B2B microinfluencers. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc.

Social Media 60

Social Media Technical Review Media Private Equity 60

Agile VC

OCTOBER 29, 2014

Most of the dollars a VC firm invests come from outside limited partner investors (LPs). The actual partners of a VC firm (GPs) will typically invest a minimum of 1% of the total size of their fund,* though frequently this percentage is substantially higher (especially in many of the best funds). What Are These Intermediaries?

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. Our proprietary business accelerator programs, learning platform, and growth methodologies transition these underserved service-based businesses into companies with $5 million to $50 million in recurring revenue.

Revenue 60

Revenue Technical Review Software Review Equity 60

David Teten

DECEMBER 12, 2017

We are taking a mathematical (weighted coefficients estimation, probabilistic modelling, etc), human-system hybrid approach to early stage investing through this tool. We believe this way we can extrapolate insights for our particular business model (portfolio operator VC fund) previously missed out.”.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

ReadWriteStart

JUNE 13, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Yet boards of large companies exist to monitor efficient strategy and execution of a known business model. It's their fiduciary responsibility.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Growthink Blog

MAY 23, 2011

Management has the wrong pedigree, is geographically undesirable, competes in the wrong industry, and/or has a business model that lacks "scalability credibility" with the venture community. At the end of the period, all profits and proceeds are distributed to the various partners on a pre-determined split.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

This is going to be BIG.

NOVEMBER 7, 2011

As for companies like Twitter, Tumblr, Pinterest, Instagram and Foursquare--the jury remains out on whether or not they'll create business models that justify their valuations, but they're well funded and will have the runway to figure it out. I don't know that either, but here's something I do know.

Angel Investor 104

Angel Investor Valuation Startup Revenue 104

VC Cafe

JANUARY 15, 2024

Instead of purely chasing high-growth ventures, many PE firms focused on companies with robust business models and clear paths to profitability. On the bright side, many expect the records amount of ‘dry powder’ available will start getting deployed more actively in the second half of 2024.

IPO 88

IPO Valuation Israel Private Equity 88

Early Growth Financial Services

JANUARY 20, 2014

The quick answer is market, team, business model, projections, and the ask…prioritized in that order of importance. A venture investor’s goal is to help startups grow into large and profitable businesses.

Seed Stage 52

Seed Stage Venture Capital Limited Partner Early Stage 52

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). It is not our money, and we have a fiduciary responsibility to manage it properly and generate the returns our LPs expect of us.

LP 78

LP Private Equity Due Diligence Venture Capital 78

K9 Ventures

APRIL 28, 2010

Direct Revenue : The company must have a direct revenue model. No advertising, content or media businesses which may have a three-way business model, but rather companies which deliver direct value to paying customers. I would like to take a moment to thank K9′s Limited Partners for their support of this first fund.

Seed Stage 61

Seed Stage San Francisco IP Portfolio 61

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). It is not our money, and we have a fiduciary responsibility to manage it properly and generate the returns our LPs expect of us.

LP 60

LP Private Equity Due Diligence Venture Capital 60

Scott Edward Walker

FEBRUARY 9, 2020

Moreover, because most financial buyers are set-up as funds (which have their own limited partner investors) that typically expire in 10 years, the return on their investment must happen relatively quickly.

Private Equity 59

Private Equity New York City Equity Deal Structure 59

Professor VC

DECEMBER 8, 2015

one company running out of cash and another with cash but searching for a business model). I was a Limited Partner in Angel Investors II (Ron Conway's angel fund) that was an investor in Confinity. Often times those involve trading within a venture capital portfolio or between two venture firms portfolios.

Merger 28

Merger LP IPO Redemption 28

Professor VC

FEBRUARY 26, 2010

My first reaction is incredulity that limited partners would buy into this idea. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. Seed stage investing is all about the team, so there may be something to this idea.

San Jose 28

San Jose Silicon Valley Venture Capital Angel Investor 28

Professor VC

JANUARY 20, 2009

Some were also dealing with issues of limited partners struggles with capital calls and asset allocations. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. With that in mind, new funds are a great place to focus.

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

www.xconomy.com

JUNE 9, 2012

Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional business model for venture investing. Raising the firm’s initial $165 million was a three-year overnight success,” Coats says.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Professor VC

SEPTEMBER 24, 2009

always focus on the business model and assumptions, but there are too many unknowns to put much faith in the future cash flow projections. I was a limited partner in Angel Investors, LP, Ron Conways fund in the late 1990s. Ive never heard of a VC running Monte Carlo simulations on possible outcomes.

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33