View from Seed

OCTOBER 11, 2022

At the seed stage and as companies scale, helping the founders I work with identify and reach their goals, personally and professionally, gives me energy and purpose. I made over a dozen angel investments and a few investments in VC funds as an LP, expanding my focus to new geographies, sectors, and stages.

North America 156

North America San Francisco Cap Table Cofounder 156

David Teten

DECEMBER 3, 2019

To learn more about this space, I suggest join an online community I co-founded, PEVCTech. . Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. The 11 Steps of Investing in Private Companies.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

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.

Portfolio 103

Portfolio Cap Table LP Valuation 103

Hunter Walker

JANUARY 5, 2014

Meeting new founders while collaborating, recruiting, analyzing, doing whatever it takes, to help our current founders build strong companies. ” That means the founders are currently fundraising and we are at some stage of mutually getting to know each other. Doing what excites me and gives energy.

Software Review 105

Software Review Balance Sheet Cofounder Technical Review 105

Both Sides of the Table

FEBRUARY 18, 2017

So it was a timely conversation at this year’s Upfront Summit because the week of the Summit, Sequoia had announced that it was transitioning leadership from Jim Goetz to Roelof Botha (and US operations to Alfred Lin). He did what every LP did, looked at returns, talked to portfolio companies, talked with our competitors and so forth.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

Both Sides of the Table

SEPTEMBER 1, 2016

Rolf Winkler wrote a piece in the WSJ about A16Z’s returns in which he says they “lag behind Sequoia, Benchmark and Founders Fund.” Scott Kupor of A16Z responded with a comprehensive overview of valuation methodology in a post that while accurate feels more targeted at sophisticated Limited Partners (LPs) who invest in funds.

LP 264

LP Jordan Cofounder Limited Partner 264

Both Sides of the Table

FEBRUARY 24, 2019

When you set up a board it is often initially a combination of the founders and the early investors. It can start 2–1 founders to investors and then sometimes moves to 3–2 but sometime around the A, B or C round the idea of “independent” directors comes up. When an entrepreneur takes on investors who take equity (i.e.

Warrant 187

Warrant LP Cofounder Founder 187

firstround.com

SEPTEMBER 10, 2013

Today, he’s the co-founder and CTO of Artillery , bringing console-quality gaming to the web browser. And even though I was the tech guy surrounded by capable business-focused co-founders, I knew that building a successful company was going to start with a lot more than a command line. Author: Ian Langworth.

CTO Hire 52

CTO Hire Engineer Software Review Part-Time VPE 52

Feld Thoughts

MARCH 20, 2019

Since then, I’ve been a founder of a number of companies, a CTO of a public company that acquired my first company, an angel investor, a VC in two different firms that I helped start, and an LP in a bunch of VC firms.

LP 108

LP Angel Investor Cofounder Leadership 108

David Teten

JULY 12, 2017

First, a formal definition: According to Capital Dynamics , “Co-investments are direct investments in a company made alongside and on the same terms as a lead [General Partner]. Atish Davda, co-founder of EquityZen , observes, “While there are hundreds of ways to put capital into the ecosystem, taking money out remains harder.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

www.quora.com

SEPTEMBER 22, 2011

Type to Add and Search Questions; Search Topics and People Startups Startup Compensation Entrepreneurship Compensation Stock Options Major Internet Companies Silicon Valley Why is there such a large founder to early employee equity drop-off? The real question here is: why is it fair for founders to get so much more?

Equity 40

Equity Employee Founder Cofounder 40

David Teten

AUGUST 21, 2019

Most founders who are raising capital look first to traditional equity VCs. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance. Attractive to founders in controversial sectors.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

This is going to be BIG.

NOVEMBER 16, 2015

It just seemed like a fitting title for a company built around narrative by a founder who used to write stories for a living. I'm joined by Lerer Hippeau Ventures, Red Sea Ventures, NucleasHG, the founders of Seamless, a host of extremely helpful angels, and a CircleUp syndicate led by my friend Tom Potter, co-founder of Brooklyn Brewery.

Venture Capital 60

Venture Capital Cofounder Syndicate Syndication 60

Feld Thoughts

SEPTEMBER 12, 2019

While I’ve never met Abbi, I’ve known David since the late 1990s when I was on the board of PeoplePC and he was a co-founder. Foundry is an LP in TenOneTen and it’s been fun to work with David again after a long hiatus. Oh, and they are married. Dots were again connected, and the circle now included Amy.

Los Angeles 17

Los Angeles Alaska LP Cofounder 17

K9 Ventures

DECEMBER 10, 2011

I must admit that I do also have some exceptions to this rule – LucidChart is based in Provo, UT, and Occipital is presently in Boulder, CO. I’m not saying that VCs work harder than founders do, but they’re not slacking off either. Again a casual conversation transpired. Don’t get me wrong.

Silicon Valley 124

Silicon Valley San Jose Portfolio Cofounder 124

K9 Ventures

DECEMBER 10, 2011

I must admit that I do also have some exceptions to this rule – LucidChart is based in Provo, UT, and Occipital is presently in Boulder, CO. I’m not saying that VCs work harder than founders do, but they’re not slacking off either. Again a casual conversation transpired. Don’t get me wrong.

Silicon Valley 112

Silicon Valley San Jose Portfolio Cofounder 112

The Startup Lawyer

JANUARY 6, 2011

Founder and Partner at AOL Ventures , a few weeks ago. I’ve known Mike for a few years now and during the conversation I asked if we could turn the chat into a formal interview for this blog. We also tend to focus on repeat entrepreneurs but are not opposed to funding first time founders who have significant domain expertise.

Early Stage 58

Early Stage LP Later Stage Balance Sheet 58

Both Sides of the Table

MARCH 6, 2017

So LPs are looking for a combination of “established top tier” and “new managers with differentiation.” 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.”

LP 286

LP Silicon Valley Venture Capital Startup 286

Startup Lessons Learned

MAY 4, 2021

Just before the IPO, I had a far-reaching conversation with co-founder and CEO Brian Armstrong as he approached this major milestone for the company he co-founded back in 2012. Here's my conversation with Brian Armstrong. I'm the co-founder and CEO of Coinbase. How has it been for you?

IPO 113

IPO Cofounder Technical Review Government 113

Start Up Blog

APRIL 29, 2013

The Co-Commerce Revolution – Well it isn’t really a revolution, more of a devolution. The co-commerce era is here and defined by the 3 C’s – Collaboration, Conversations and Creativity. You’ll find it is full of contradictions and juxtapositions. My favourite example is collectors weekly.

Uruguay 123

Uruguay Technical Review Vertical Las Vegas 123