Both Sides of the Table

MAY 27, 2013

Any CEO worth his or her salt knows that her investors get an insane amount of emails and often spend 8+ hours / day in meetings (board meetings, pitches, partner meetings, LP meetings, corporate relationship meetings) so often email is done on the run on one’s iPhone or in the early morning / late evening.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

Both Sides of the Table

JULY 23, 2014

At the other end of the spectrum large funds have gotten even larger in the past few years which has massively increased the amount of consolidation in our industry as 66% of LP money into venture is now concentrated in late-stage or full-cycle VCs. Why is this?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

View from Seed

AUGUST 17, 2021

You’ll never have the staying power to commit when things get tough or to get really good and build real differentiation if you just keep jumping to the next new thing. I can tell a story looking backwards why our LP base was carefully constructed. You can’t just start chasing the shiny new thing every moment something new arises.

IRR 205

IRR Dilution Founder Portfolio 205

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. Lower performing VCs will disappear faster and new entrants will differentiate themselves.

Portfolio 103

Portfolio Cap Table LP Valuation 103

View from Seed

AUGUST 17, 2021

You’ll never have the staying power to commit when things get tough or to get really good and build real differentiation if you just keep jumping to the next new thing. I can tell a story looking backwards why our LP base was carefully constructed. You can’t just start chasing the shiny new thing every moment something new arises.

IRR 156

IRR Dilution Founder Portfolio 156

Agile VC

DECEMBER 6, 2012

If Acme Ventures III, LP invests in Startup X then typically Acme Ventures IV, LP would not. 1) LP Bases Change Over Time – Most healthy VC firms tend to have stable relationships with the limited partners investing with them. Or public policy changes may force GPs or LPs to end longstanding relationships.

LP 178

LP Balance Sheet Differentiation Limited Partner 178

View from Seed

AUGUST 17, 2021

You’ll never have the staying power to commit when things get tough or to get really good and build real differentiation if you just keep jumping to the next new thing. I can tell a story looking backwards why our LP base was carefully constructed. You can’t just start chasing the shiny new thing every moment something new arises.

IRR 136

IRR Dilution Founder Portfolio 136

Hunter Walker

MARCH 28, 2018

” I hear, read, see examples every day of investors espousing differentiated theses with regards to why they exist. And why a LP should give them theirs. .” “We invest in diverse founders.” ” “We invest with social good in mind.” Why a founder should take their dollars.

Portfolio 105

Portfolio LP Differentiation Founder 105

David Teten

JUNE 1, 2011

Question : How do generalist PE funds differentiate and get in the advisers list? Question : How do PE funds differentiate in the LOI phase? Zubin Avari, Charter Oak Equity LP Christopher A. Charter Oak Equity LP Fee at close Part of management fee Part of carry. How do they prioritize and assign responsibilities?

Private Equity 122

Private Equity Deal Flow Equity Developer 122

Austin Startup

DECEMBER 12, 2017

Cindy Revol, Joe Beard and Anurag Jain from Perot Jain, LP We received a warm welcome from Trey Bowles when we first came to Dallas and there have been many others who have opened their arms to us since. Perot Jain, LP is an early stage venture capital firm founded by Ross Perot Jr. Ross Perot, Jr., About Perot Jain, L.P.

Dallas 48

Dallas San Antonio Houston Texas 48

The Equity Kicker

JULY 16, 2012

The secret is to find your Niche – that is, the initial customer segmentation / product differentiation combo that enables you to beat your more established, mature competition with a much crappier product. Actually, this is quite far from the truth – in fact, you can be incredibly mediocre and still be quite successful.

LP 105

LP Early Stage Valuation Differentiation 105

Hunter Walker

MAY 18, 2015

An addition to the portfolio typically offers some differentiation or new value proposition. We have a preference for strong local teams in certain geographic regions or those focused on underserved sectors and inefficient markets.

LP 48

LP Portfolio Early Stage Institutional Investors 48

Genuine VC

OCTOBER 11, 2011

I hypothesized that, “Perhaps a contrarian statement in this environment: but even though there’s been a dip in fund size due to broad economic factors and LP appetite, it wouldn’t surprise me if the truly top firms raise even larger funds over the coming decade.” Local brewers = geography matters.

Venture Capital 150

Venture Capital Seed Stage Entrepreneur LP 150

The Equity Kicker

JULY 8, 2019

As a result VCs who didn’t want to only compete on price began looking for ways to differentiate their money from the money of other investors and started deploying the strategies listed above. The GP-LP structure used by most funds is a brake on innovation here too. Entrepreneurship is becoming more science and less art.

Portfolio 84

Portfolio LP Venture Capital Partner 84

This is going to be BIG.

JULY 30, 2015

One of the first things I did when I joined the venture asset class as a lowly institutional LP analyst in 2001 was to build the VC fund cashflow model. After factoring in price and mortality rate (risk), every stage's investor would be trying to get a return that satisfies their LPs--and I think that's the same across all early stages.

Venture Capital 60

Venture Capital Pre-Money Valuation IRR Valuation 60

Both Sides of the Table

JANUARY 16, 2012

Well if the “why buy anything” is testing whether you’re even compatible with a VC, the “why buy me” has got to be extreme differentiation. But if you’re looking for something differentiated in your portfolio I think we’d be a great fit. why buy me? why buy now? VCs see companies all the time.

Developer 366

Developer Silicon Valley PR Las Vegas 366

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

Start Up Blog

APRIL 29, 2013

Recent growth in digital social networks has served as a reminder on what differentiates our species. Maybe it is the soft crackle of an LP record that has enabled vinyl LP sales to increase year on year for the past 19. Suburban living improved living standards, but standardised everything and everyone.

Uruguay 123

Uruguay Technical Review Vertical Las Vegas 123