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What Makes a Great Independent Board Member?

Both Sides of the Table

While it’s true that they are investing LP money from a fund, it’s also true that the VCs are required to write large checks into their funds so every time they do a “capital call” (request money from an LP to fund you) they are also having to wire their own money into the deal. VCs most certainly do have skin in the game.

Warrant 187
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How VCs Make Money….Hopefully

ithacaVC

That means that it has capital commitments from investors of $100mm. Capital is called when needed for investment, fund expenses or management fee. And, VC1 does not reinvest capital returned (with very few limited exceptions) – VCs are not hedge funds! salary paid from management fees.

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11 Things I've learned from running a micro VC in the last year

Hippoland

In many cases, fund managers invest 1-5% of the fund size. They want you as a fund manager to be incentivized to make good investments, because you are staking your own cash too. And then later, when the fund needs money, the fund does a capital call. Typically, capital calls are done over the course of 3 years.

Salary 48
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11 Things I've learned from running a micro VC in the last year

Hippoland

In many cases, fund managers invest 1-5% of the fund size. They want you as a fund manager to be incentivized to make good investments, because you are staking your own cash too. And then later, when the fund needs money, the fund does a capital call. Typically, capital calls are done over the course of 3 years.

Salary 48
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Are Business Plans Still Necessary?

Both Sides of the Table

Many of these businesses were what First Round Capital called FNACs (features, not companies – this acronym has always stuck with me). Great product managers who are not great business people still often fail. But they should also be the map and the Lingua Franca of your management discussions. portfolios.

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Group Finance Director

Transformify

In this role you will work closely with the senior management and executive board, supporting in the businesses planning and strategy.

Finance 40
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Q3 2012 VC Fundraising Data and Conclusions

ithacaVC

. - If one considers NEA a Silicon Valley firm (I know they are headquartered in Baltimore but they have a very large and successful west coast practice), the top five funds raised are in San Francisco and represented 55% of the capital raised. Michael Greeley is a managing director with Flybridge Capital Partners.