David Teten

SEPTEMBER 23, 2017

Private equity and venture capital investors are copying our sisters in the hedge fund and mutual fund world: we’re trying to automate more of our job. PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Greylock Partners. But we’re doing it slowly. VC Firm. $

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

VC Adventure

MAY 21, 2014

A few months ago AngelList announced Syndicates – enabling investors on AngelList to create fund-like groups of investors to invest together in AngelList companies (following a single lead investor). It’s a great idea and at Foundry we quickly decided it would be an interesting experiment to form our own syndicate.

Syndication 48

Syndication Syndicate Technical Review Due Diligence 48

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From traditional equity VC, Flexible VC borrows the option to pursue and reap the rewards of an outsized exit. Flexible VC 101: Equity Meets Revenue Share. Equity Ownership. Yes, typically preferred equity. Of the Inc. Example VC.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

APRIL 30, 2015

Glen Mello: Venture debt is a good complement to equity. It’s generally got a lower cost compared to equity capital and can help support growth. Use good judgment, talk to your co-founders/investors/lawyers, and partner with a bank that values transparency and relationships such as SVB.]. What are some pros and cons?

Term Sheet 120

Term Sheet Equity Startup Seed Stage 120

Startup Professionals Musings

AUGUST 29, 2020

For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. Trade equity or services for startup help. Another common example is exchanging equity for legal and accounting support.

Equity 436

Equity Small Business Administration SBA Syndicate 436

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. This is harder than it sounds.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

SEPTEMBER 6, 2018

Most of my research is also relevant to private equity. Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . See How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood. . 6) Due diligence.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

David Teten

SEPTEMBER 6, 2018

Most of my research is also relevant to private equity. Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . See How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood. . 6) Due diligence.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

Startup Professionals Musings

MAY 21, 2023

For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. Trade equity or services for startup help. Another common example is exchanging equity for legal and accounting support.

Equity 266

Equity Startup Small Business Administration SBA 266

Startup Professionals Musings

OCTOBER 12, 2014

For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. Trade equity or services for startup help. Another common example is exchanging equity for legal and accounting support.

Entrepreneur 283

Entrepreneur Startup Equity Small Business Administration 283

David Teten

JANUARY 11, 2020

They’re taking a $1m check from me, or giving $5m to me as a limited partner. In the venture capital/private equity business, investors are B2B microinfluencers. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc. I welcome suggestions.

Social Media 60

Social Media Technical Review Media Private Equity 60

Startup Professionals Musings

JANUARY 27, 2021

Here are eight key insights that will help you find a productive match: Angels want equity ownership, not causes. Groups of angels may syndicate multiple individual amounts, but if your total request exceeds $1 million, you need to focus on the venture capital alternatives. Look to grants and strategic partners for seed funding.

Search 317

Search Accredited Investor Angel Investor Venture Capital 317

Hunter Walker

APRIL 10, 2014

But he’s raised the largest syndicate on AngelList , turning himself effectively into a one-man fund for, if not the masses, at least the 270 people who have already committed nearly $3.4m AngelList syndicate has surprised some people, you’ve been angel investing for quite a while, right? penchina#syndicate.

Syndicate 134

Syndicate Syndication Hiring Cofounder 134

Startup Professionals Musings

OCTOBER 10, 2018

For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. Trade equity or services for startup help. Another common example is exchanging equity for legal and accounting support.

Entrepreneur 240

Entrepreneur Equity Small Business Administration SBA 240

Startup Professionals Musings

OCTOBER 8, 2023

Here are eight key insights that will help you find a productive match: Angels want equity ownership, not causes. Groups of angels may syndicate multiple individual amounts, but if your total request exceeds $1 million, you need to focus on the venture capital alternatives. Look to grants and strategic partners for seed funding.

Accredited Investor 265

Accredited Investor Venture Capital Syndication Syndicate 265

Pascal's View

JULY 9, 2017

Unfortunately, what the CEO/founder forgets most often is that the notes have a multiplier effect in the post-money calculation; the more notes and the further the cap is from the new priced equity, the greater the variance between actual and nominal pre- and post-money valuations. It’s going to be great!”.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Agile VC

DECEMBER 19, 2013

In addition, investing in startup tech companies turns out to provide only a modest level of diversification… angel investments tend to form a high beta portfolio, with reasonably close correlations to public equity markets. ” But as an angel one can overweight this factor.

Angel Investor 265

Angel Investor Early Stage Syndicate Syndication 265

This is going to be BIG.

JUNE 20, 2024

On the other hand, I feel things are a lot more predictable on the fund side—and that getting limited partners for your fund or syndicate is a lot more grounded in something that resembles logic. Perhaps you run a widely syndicated startup newsletter where the best companies have been subscribers for years.

Deal Flow 147

Deal Flow Syndication Syndicate Cap Table 147

David Teten

JUNE 12, 2012

Angel networks in general have lots of disadvantages compared with VC funds, but VCAP© has three key advantages: • Bigger reach , because there are more “Partners” than any normal VC fund. Since 1970, NAIC Member firms who focus on private equity and venture have invested in and transformed more than 20,000 companies.

Private Equity 133

Private Equity Syndication Syndicate Angel Investor 133

OnlyOnce

DECEMBER 5, 2014

First we announced a $35mm financing led by Vista Equity Partners, an exceptional private equity firm that I’d never heard of before the middle of the fundraising process a few months ago. This was a big week for Return Path.

Private Equity 125

Private Equity Syndication Syndicate Equity 125

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]. We see our potential coinvestors in four primary buckets: 1) HOF Capital ’s own limited partners. 2) Investors with very specific value-add. Economic benefit.

Syndication 60

Syndication Syndicate Institutional Investors LP 60

Feld Thoughts

AUGUST 2, 2010

But before Foundry Group, my partners and I were involved in many seed investments, both at Mobius Venture Capital. Specifically, our seed investments are not “options on the next round.&# We price our seed rounds as equity investments, always lead or co-lead (as Fred describes in ? each are equally happy situations.)

Angel Investor 156

Angel Investor Cofounder Syndicate Syndication 156

Startup Professionals Musings

SEPTEMBER 25, 2016

For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. Trade equity or services for startup help. Another common example is exchanging equity for legal and accounting support.

Equity 120

Equity Small Business Administration SBA Syndicate 120

This is going to be BIG.

FEBRUARY 25, 2019

I would propose that we call these types of investors “syndicate investors”—super useful folks who join with others to help rounds get raised on various crowd investing platforms. A similar problem happens at venture firms—where no longer are you seeing clear cut terms like analyst, associate, and general partner.

Syndication 103

Syndication Syndicate Angel Investor Cap Table 103

Hunter Walker

APRIL 4, 2014

There’s a influx of capital to back new funds: crowding funding via AngelList syndicates. other venture/private equity shops. It’s being a partner of conviction to an entrepreneur and working with them for several years. Sometimes it feels like it’s never been easier to become a VC but never harder to stay one.

San Francisco 123

San Francisco Private Equity LP Syndication 123

David Teten

JUNE 12, 2014

I will continue to work closely with the group, while continuing to serve as a Partner at ff Venture Capital. As a result, we launched the Fast Track program, which helps VCs and active investors who are HBSAANY members to syndicate rounds with value-added members of our network. 4) Inclusion.

New York 114

New York Angel Groups Connecticut Florida 114

Startup Professionals Musings

FEBRUARY 16, 2015

Here are eight key insights that will help you find a productive match: Angels want equity ownership, not causes. Groups of angels may syndicate multiple individual amounts, but if your total request exceeds $1 million, you need to focus on the venture capital alternatives. Look to grants and strategic partners for seed funding.

Angel Investor 120

Angel Investor Accredited Investor Venture Capital Startup 120

View from Seed

OCTOBER 22, 2015

Also, we’d love to syndicate any articles you’ve written offering tactics or stories about going zero-to-N at your startup! ). – Pitch Decks (two styles + walk-throughs from the partners). – Board Decks (two styles + walk-throughs from the partners). – Questions to ask when dividing founder equity.

Seed Stage 120

Seed Stage Seed Capital Syndication Syndicate 120

Growthink Blog

MAY 3, 2010

Series B funding, as you may recall, is the 2nd institutional round of equity funding that a company receives. Other participants in the round included Adams Street Partners, Angeleno Group, PCG Clean Energy & Technology Fund, Vedanta Capital LP, New Silk Route, The Westly Group, and current investor MissionPoint Capital Partners.

Venture Capital 71

Venture Capital LP Syndication Syndicate 71

Mike Michalowicz

NOVEMBER 28, 2016

She is famous for structuring investments that provide an excellent return for investors without giving up equity or control of the company. She began investing in real estate in 1994 by forming a small syndicate to purchase tax liens at auction. million in private capital from debt partners to fund hundreds of deals.

Syndication 60

Syndication Syndicate Private Equity Equity 60

Professor VC

JANUARY 17, 2008

A partner from the law firm (sponsor, covers the drinks and food) tosses out some softball questions to the panelists, the audience chimes in with Q&A and finally, culminates with the meet and greet where the panelists are flooded with business cards and pitches on the next great thing, which is often very similar to the last great thing.

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

Austin Startup

MARCH 7, 2021

These are all potential customers and strategic partners for startups. In order for Frisco to achieve its full vision to be a destination city for VC’s, we have to be part of a larger, statewide network to support our partners and entrepreneur support organizations to help advance our collective and common goals.”

Texas 90

Texas San Antonio Houston Dallas 90

David Teten

NOVEMBER 15, 2013

The average equity fund investor earned a market return of only 4.25%. In the asset management industry, the norm is that the General Partner puts in 1-2% of the total assets under management. This is a key reason why the average retail investor consistently earns below-average returns.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

Agile VC

JULY 11, 2012

in equity & loans which was ultimately worth >170x ($355M) when DEC went public about a decade later. Some disgruntled younger partners left to go start a new firm in 1965 called Greylock. Some disgruntled younger partners left in the 90s to form what is now Redpoint Ventures (IT team) and Versant Ventures (healthcare team).

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

Professor VC

JULY 25, 2013

Another closely related area is that of variable pricing on convertible debt or equity deals where different investors have different caps. Another area where I''m not sure I stand is with some of the more formal referral and syndication programs that are emerging now.

Term Sheet 46

Term Sheet Silicon Valley Syndication Syndicate 46

This is going to be BIG.

NOVEMBER 16, 2015

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. I'm also excited to have shared this opportunity with a fantastic syndicate of investors.

Venture Capital 60

Venture Capital Cofounder Syndication Syndicate 60

Austin Startup

FEBRUARY 28, 2019

Find out what the buzz is all about and make valuable connections with local investors who you can syndicate deals with. You can see a list of the 70+ investors and other partners who have signed on to participate in local programming at the bottom. Who should come on the bus? They are coming here to start new companies.

Texas 50

Texas San Antonio Dallas Houston 50