David Teten

JANUARY 21, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. III: Why are Revenue-Based VCs investing in so many women and underrepresented founders?

Equity 78

Equity Revenue Cofounder Colorado 78

Austin Startup

AUGUST 10, 2017

Before graduating, I decided to forgo the finance path and instead dove into engineering and later sales and product management roles at VersaSuite (health IT) in Austin. Diversified funds are the most effective way to manage exposure to this volatile, rapidly evolving asset class. We were infatuated with tech. Factom, Inc.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

Eric Friedman

DECEMBER 27, 2021

Bullish in this space since 2015 I see the air cover in place for institutions and private wealth managers to now take the plunge. This is already happening, but there will be an explosion of rolling funds, operator angels, and micro investors who want to co-invest in friends, companies, and cohorts they are a part of.

Balance Sheet 97

Balance Sheet Stock Private Equity Option Pool 97

Hunter Walker

APRIL 21, 2025

[While I’m going to focus on investor secondary here, I support common share sales as well – for example, back in 2014 writing “ Getting Some Founders Early Liquidity Can Benefit VCs ” during a period where many founders were being shamed for even asking about taking some money off the table.]

Venture Capital 121

Venture Capital Cap Table San Francisco Early Stage 121

David Teten

SEPTEMBER 23, 2017

A major angel group used Influitive , an advocate management tool, to track, activate and motivate their members. Signal is a fundraising tool for founders run by NFX Guild, which identifies the most relevant VCs for you. . 4) Manage deal flow. Pitchbot.vc is an AI bot which helps companies refine their sales pitch to VCs.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Lisa Edgar, Managing Director at fund of funds Top Tier Capital Partners , observed: “It’s not surprising that venture capitalists are using software to help manage their business.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Both Sides of the Table

JUNE 8, 2014

Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.

Silicon Valley 390

Silicon Valley Kansas City Startup Los Angeles 390

firstround.com

SEPTEMBER 10, 2013

Management and Company Building. -->. 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.

CTO Hire 52

CTO Hire Engineer Software Review Part-Time VPE 52

Board Effect

SEPTEMBER 24, 2024

Martin Schneider , Chief Audit Executive, META Matt Mabel , Vice President – Internal Audit, American Express Travel Related Services Company, Inc Naohiro Mouri , Executive Vice President and Chief Auditor, AIG Global Operations Paul Lee , Sr Manager Internal Audit, Medline Industries, LP Rian Boncay , Program Project Manager, Dell Inc.

Technical Review 52

Technical Review Government South Africa LLC 52

Both Sides of the Table

FEBRUARY 18, 2017

Recently the firms two founding partners (and also Managing Partners) —  Fred Wilson and Brad Burnham  — decided to transition management of the firm to Andy Weissman (who joined in 2012) and Albert Wenger (joined in 2008 and writes one of the most thoughtful blogs in our industry ). And so it goes.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

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

Agile VC

JULY 19, 2012

Back in the 2000-2001 timeframe, a flood of LP capital was coming into the VC asset class given the strong returns of the mid-late 90s tech boom/bubble. Though there might have been short term benefits to continuing to manage this fund, the long-run success of CRV would be hurt by doing so ( there’s an HBR case on this ).

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

Hunter Walker

SEPTEMBER 9, 2024

There were no ground rules other than to specify that ‘people’ could be founders, politicians, LPs, etc and that it would be default attributed but anonymous if they desired. This difference comes from the outlier returns driven by backing founders who are different. More to come in batches of five answers each post.

Venture Capital 102

Venture Capital LP Cofounder Early Stage 102

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

VC Cafe

JULY 4, 2022

Another impact of the meltdown of the public markets is on performance, in LP and VC books which resulted in 68% of funds estimated to have marked down companies in their portfolio. In terms of TVPI, the total value to paid-in ratio used by fund managers to evaluate a fund’s performance, the median dropped 3.5%

Venture Capital 167

Venture Capital Valuation Private Equity LP 167

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. Fund Sizes Got Too Big. Firms raised too much money.

Portfolio 118

Portfolio Cap Table LP Valuation 118

This is going to be BIG.

FEBRUARY 23, 2016

Rather than see LP interactions as a chore or a burden, new fund managers should see this as an opportunity to extend the community around their fund. That happens most when the LPs represent a diverse group of industries and perspectives who want to be helpful to portfolio companies and founders.

Limited Partner 60

Limited Partner Venture Capital Partner LP 60

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]. They don’t automatically invest just because we invested; they usually move more slowly than the company’s management team wants. .

Syndication 60

Syndication Syndicate Institutional Investors LP 60

Growthink Blog

AUGUST 14, 2010

The best articulation of it comes from Basil Peters, a serial technology entrepreneur, co-Founder of Nexus Engineering, former Canada Entrepreneur of the Year, and Managing Partner at 3 venture capital funds – Fundamental Technologies I and II and the BC Advantage Funds.

Private Equity 67

Private Equity Intellectual Property IPO Venture Capital 67

The Equity Kicker

JANUARY 19, 2016

Fortunately Steve Schlenker, co-founder of DN Capital has captured most of them in his Quora answer to the question: How hard is it to be a venture capitalist. I’ve seen Mark post a few versions of this tweet over time and wanted to write a post about it. I agree with him, but the reasons are complex.

Europe 60

Europe IPO LP Venture Capital 60

Feld Thoughts

APRIL 23, 2015

We had a blast together and as we went out to raise our Foundry 2007 fund, Scott made several introductions which resulted in two wonderful, long term LP relationships. When we started Mobius, we were four founders and two EAs. Or that how we managed it was ineffective. It was a disaster. Or that we completely f *d it up.

Advisory Board 70

Advisory Board Venture Capital LP Seed Stage 70

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

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

The Startup Lawyer

JANUARY 6, 2011

Founder and Partner at AOL Ventures , a few weeks ago. We also tend to focus on repeat entrepreneurs but are not opposed to funding first time founders who have significant domain expertise. We think and act like any fund from a sourcing, diligence, execution and management of investments standpoint.

Early Stage 58

Early Stage LP Later Stage Balance Sheet 58

David Cohen

JANUARY 28, 2015

It’s $150M of fresh capital focused on Seed and Series A and we’re now managing $265M in total. After that random day meeting, Brad became a co-founder of Techstars along with me, Jared Polis, and David Brown. So many great founders. You can read the basics of the announcement on the Techstars blog.

Boston 48

Boston Cofounder LP Limited Partner 48

Hunter Walker

NOVEMBER 30, 2022

In fact, losing money on a meaningful percentage of startups isn’t just expected, it’s potentially evidence that you’re taking enough risk to hit some of the power law winners which will pay back your LPs many times over! Relationship Cost of SPVs/Direct Co-Investment and LP Credibility.

Vertical 48

Vertical LP Syndication Syndicate 48

David Teten

MARCH 14, 2018

Managers of VC funds typically want to grow their business aggressively, just like the founders we back. Among the sites we have found most helpful with practical guides for founders: Biztree , First Search , Foundersuite , Goodwin Founders Workbench , Guides.co , Inc.com , and StartupRocket. .

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

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. So I thought I might pull all these thoughts together in a new edition of Soundbites from the Future – The 2013 edition.

Uruguay 123

Uruguay Technical Review Vertical Las Vegas 123

Both Sides of the Table

APRIL 10, 2016

I joined Upfront Ventures in 2007 and took over as co-Managing Partner in 2011 along with the founder, Yves Sisteron. Build a long-term LP based, anchored by diverse asset types (Universities, Endowments, Family Offices, Pensions, Insurance Companies, Sovereign Wealth Funds & Fund of Funds).

Los Angeles 150

Los Angeles Early Stage LP Community 150

Agile VC

NOVEMBER 13, 2012

For those who aren’t familiar, Mobius was a VC fund with offices in Silicon Valley and Boulder CO and at it’s peak Mobius had $2B+ under management. the Sequoia’s and Greylock’s of the world) or sometimes its based on the entrepreneurial successes of the founders of new firms (e.g.

LP 154

LP Portfolio Venture Capital IRR 154

Feld Thoughts

FEBRUARY 8, 2017

20VC: THE FUNDAMENTALS TO CREATING A SUCCESSFUL VENTURE PARTNERSHIP & THE OPTIMAL INVESTMENT DECISION MAKING PROCESS WITH RYAN MCINTYRE, CO-FOUNDER @ FOUNDRY GROUP. 20VC: THE FUNDAMENTALS TO CREATING A SUCCESSFUL VENTURE PARTNERSHIP & THE OPTIMAL INVESTMENT DECISION MAKING PROCESS WITH RYAN MCINTYRE, CO-FOUNDER @ FOUNDRY GROUP.

LP 70

LP Cofounder Australia SEO 70

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. I'm the co-founder and CEO of Coinbase. It's one of those things that founders can do sometimes where other employees are afraid to do it.

IPO 113

IPO Cofounder Technical Review Government 113

David Teten

NOVEMBER 23, 2020

In that capacity, I co-founded the Harvard Business School Alumni Angels Venture Capital Access Program, a joint venture with the National Association of Investment Companies (“NAIC”), which helps women and diverse entrepreneurs raise capital. . Starship was launched by the co-founders of Skype. Are you politically active?

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60

Eric Friedman

DECEMBER 30, 2020

Bullish in this space since 2015 I see the air cover in place for institutions and private wealth managers to now take the plunge. This is a fun area for me as there are founders and companies I am supporting in the space, and its great to see how they have grown during the “crypto winter” of the last few years.

Stock 120

Stock Private Equity Option Pool LP 120

VC Adventure

JANUARY 24, 2025

At one end of the barbell would be essentially asset managers (asset aggregators) and at the other, smaller firms that were more in the mold of what we historically thought of as venture. In the 2013 post, I highlighted a few firms that were clearly on their way to the asset management side of the venture barbell.

Aggregator 56

Aggregator LP Cap Table Venture Capital 56

Both Sides of the Table

MARCH 6, 2017

So LPs are looking for a combination of “established top tier” and “new managers with differentiation.” So LPs are looking for a combination of “established top tier” and “new managers with differentiation.” Note that all of these names were not started in Silicon Valley. We’re trying to limit our exposure.”

LP 286

LP Silicon Valley Venture Capital Startup 286

David Teten

MARCH 18, 2021

(co-written with Stephane Nasser , co-founder of OpenVC , an open-source initiative to collect and analyze all VC theses.). OpenVC is a new, open-source initiative to collect and analyze all publicly available VC theses, to help founders more efficiently find the right investors, and vice-versa. Technical founders .

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78