David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

DECEMBER 3, 2019

In liquid markets, most of the calories expended on technology and analytics are focused on trade selection, or “ origination ”. To learn more about this space, I suggest join an online community I co-founded, PEVCTech. . I use another live Google doc to maintain my database of companies I’m marketing to other VCs. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

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

Eric Friedman

DECEMBER 27, 2021

With the advent of programs like CartaX and what I call streaming venture funds , the liquidity in private markets is going to get the foundation to grow significantly in 2021. Maybe the founders are the micro VCs we have been waiting for? As of this writing BTC is at $48K and this ended up happening in early Jan 2021.

Balance Sheet 97

Balance Sheet Stock Private Equity Option Pool 97

Austin Startup

AUGUST 10, 2017

We offer investors venture economics with public market liquidity. As entrepreneurs, Tushar and I immediately knew that when product-market fit hits you in the head, you jump on it. We monitor the market and adjust our holdings as new information emerges and market conditions change. And thus Multicoin Capital was born.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

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 95

Venture Capital Cap Table San Francisco Early Stage 95

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

Both Sides of the Table

MARCH 3, 2013

Let me start by saying that Clayton is one of the most influential people on my thoughts about markets that led to both the concept behind my first startup and my main theses in investing. In a discussion I had with Fred Wilson at the Invesco LP meeting Fred said the same about the influence of Clayton.

Bankruptcy 403

Bankruptcy Offshore Liquidation Preference Balance Sheet 403

Hunter Walker

APRIL 27, 2014

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. There are several Homebrew investments going to market for their Series A this year. In bull markets we’re told to expect a seed failure rate of ~40% and closer to 50% in typical markets.

LP 116

LP Cofounder Term Sheet Valuation 116

David Teten

SEPTEMBER 23, 2017

The extreme example of this are algorithmic investors in the public markets, who design algorithms which trade on the designer’s behalf, as opposed to making trading decisions directly. High-frequency trading, algorithmic by its nature, is estimated to account for at least 50% of US equity markets trading volume. . 1) Market fund.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

DECEMBER 12, 2017

As a globally focused LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing proprietary solutions or adopting off the shelf tools. But what tools are they using themselves to automate their own processes? Some 33% do not use any newsletters.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

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. Product and Engineering.

CTO Hire 52

CTO Hire Engineer Software Review Part-Time VPE 52

View from Seed

MAY 29, 2019

These funds would regularly share deal flow with one another and could share the work in supporting founders and helping to push the company forward. Today, we are seeing less syndication of seed rounds and sharper elbows among many of the funds in the market. Similarly, the seed market is beginning to look like this too.

Syndication 267

Syndication Syndicate Cofounder Cap Table 267

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.

Jordan 264

Jordan LP Cofounder Limited Partner 264

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? They've got a handful of customers, maybe a few thousand users, and some initial traction.

Equity 40

Equity Employee Founder Cofounder 40

Feld Thoughts

JULY 31, 2014

In addition to being an incredibly supportive investor in us from the beginning, this LP has become an extremely close friend. As I was walking home after dinner, I thought about the person who had introduced us to this LP. A year or two later they had less than 3% market share on mobile. We’ve never looked back.

LP 158

LP Advisory Board Venture Capital Early Stage 158

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

VC Cafe

JULY 4, 2022

billion in 2,251 deals during the second quarter through June 15, versus about $70 billion in 3,369 deals in the first quarter • Declining valuations: In the secondary market for private equity, 55% of the equity offered for sale in May was offered at a discount to the companies’ valuations per share, compared with 47% in March and 35% in January.

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

Portfolio 118

Portfolio Cap Table LP Valuation 118

This is going to be BIG.

DECEMBER 3, 2020

The partner at the fund, the VC, gets to do the fun part—the meeting with founders, vetting deals, negotiating, helping, etc. Side Benefits Ideally, a small fund could get you the following, but you have to ask to make sure it’s available: Co-investing opportunities. So what’s the point? Access to the partner.

Portfolio 103

Portfolio Syndication Syndicate Deal Flow 103

YoungUpstarts

NOVEMBER 18, 2018

by Solomon Ali, Co-Founder of Revolutionary Concepts. The costs associated with patenting your technological or creative boon, successfully bringing your product to market and compelling larger companies to come to the table and negotiate a royalty deal rests in how you proceed. Know Your Path to Monetization.

Intellectual Property 157

Intellectual Property Forecast LLC Acquisition 157

Feld Thoughts

MARCH 20, 2019

That first real job was as the first employee of Petcom, a company started by a husband and wife team that grew to about 20 people before the oil and gas market for software evaporated in 1985. I’m also a writer, run a foundation with my wife Amy, and do a lot of random things that support entrepreneurship.

LP 115

LP Angel Investor Cofounder Leadership 115

thebarefootvc

MARCH 8, 2012

I saw some specific gaps in the market which I looked to address: NYC: I have been fortunate to be a part of the surge of entrepreneurial activity in NYC over the past several years. With RTP, I plan to help portfolio companies across the US access the fast growing emerging markets. The best is yet to come….

Silicon Valley 69

Silicon Valley Ghana Venture Capital India 69

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]. Many VCs and family offices market themselves based on their network, internal resources, and other levers to accelerate value creation. .

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. The next big technology investment idea is the “Early Exit.”

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. The root of the problem, I think, is that from the outside venture capital looks easy, especially during bull markets. I agree with him, but the reasons are complex.

Europe 60

Europe IPO LP Venture Capital 60

Feld Thoughts

APRIL 23, 2015

A year or two later they had less than 3% market share on mobile. 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. They ignored us.

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 Syndication Syndicate 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. But should they? Less or no dilution.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

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. It’s part of the business.

Vertical 48

Vertical LP Syndication Syndicate 48

David Cohen

JANUARY 28, 2015

After that random day meeting, Brad became a co-founder of Techstars along with me, Jared Polis, and David Brown. I consider him a co-founder of Techstars, even if that’s not how the way back machine will necessarily tell the story. So many great founders. So many great partners.

Boston 48

Boston Cofounder LP Limited Partner 48

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). Upfront is now truly a team.

Los Angeles 150

Los Angeles Early Stage LP Community 150

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. A16Z today or Founders Fund or General Catalyst a few years ago).

LP 154

LP Portfolio Venture Capital IRR 154

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. The company's market cap at the time of their entry into the public markets topped $100 billion dollars.

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

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. 4/ Streaming equity – venture funds + employee stock becomes more liquid. 5/ The rise of operator angels + micro VCs explodes in 2021.

Stock 120

Stock Private Equity Option Pool LP 120