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. From a technology perspective our journey is nowhere near over. Why is this?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Genuine VC

SEPTEMBER 7, 2010

The famed business strategist Michael Porter described a set of successful general strategies which firms employ to achieve a sustainable competitive advantage: differentiation strategy and cost leadership strategy for those firms with a broad market scope, and a segmentation strategy for those with a narrow market scope.

Seed Stage 191

Seed Stage Belgium Differentiation LP 191

Both Sides of the Table

MARCH 1, 2016

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market. …But LPs Have Been Putting Out More Money Than They Are Getting Back. That’s money that fuels our startup ecosystems.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

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. at exit due to dilution. I can tell a story looking backwards why our LP base was carefully constructed. So it’s like this same fund actually invested $2.5M

IRR 205

IRR Dilution Founder Portfolio 205

David Teten

JUNE 1, 2011

Larger funds tend to have industry-specialized sourcing, but less so at the smaller funds due to lack of scale Riverside shares deal-based compensation, so that the sourcing team works together and it’s not zero sum in terms of hoarding contacts. Question : How do generalist PE funds differentiate and get in the advisers list?

Private Equity 122

Private Equity Deal Flow Equity Developer 122

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. at exit due to dilution. I can tell a story looking backwards why our LP base was carefully constructed. So it’s like this same fund actually invested $2.5M

IRR 156

IRR Dilution Founder Portfolio 156

David Teten

APRIL 13, 2021

As Greycroft said in an essay : “Since we were a small fund, it would have been overwhelming to us and our small administrative staff to set up the meetings and follow ups, fill out questionnaires (which for the most part fall into a dark hole), and respond to the myriad of questions which occur during the due diligence process.

Private Equity 60

Private Equity Technical Review Management LP 60