View from Seed

NOVEMBER 18, 2014

Recently, we looked at our own portfolio at NextView Ventures to dig a little deeper on how startups actually raise that next round of financing. Startups with large, lifecycle VCs included in the seed round syndicate did not reach Series A faster than those who did not. in our portfolio. More on these below.).

Syndicate 333

Syndicate Syndication Seed Stage Startup 333

David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. If you have one, please contact me. 7) Negotiate .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Professionals Musings

OCTOBER 5, 2015

I challenge any entrepreneur, for example, to define the difference between "seed-stage" and "early-stage" financing. million and is normally syndicated from one to three institutional seed investors or larger VC funds. Yet, knowing this distinction is important. A seed-stage “super angel.”

Seed Stage 120

Seed Stage Finance Early Stage Startup 120

Genuine VC

FEBRUARY 12, 2012

PROs of taking his angel money are the feeder system to venture financing of the next round and the vast network of portfolio CEOs which can be tapped into for connections and help. CONS of an investment from a Super Angel include potential lack of “value add” because his time is spread so thin amongst many portfolio companies.

Angel Investor 257

Angel Investor Syndicate Syndication Early Stage 257

David Teten

JANUARY 11, 2020

High-potential prospective employees of portfolio companies. Executives of large companies which may acquire or become clients of our portfolio companies. I also use these tools, which are specifically for investors and others who work in the tech ecosystem: AngelList , where I post my public portfolio. . Tech stack.

Social Media 60

Social Media Technical Review Media Private Equity 60

Genuine VC

MAY 29, 2014

Yet even today, whether or not to take a (relatively) small check in a seed round syndicate from a multi-hundred million or even billion dollar fund is still a decision which takes quite a bit of consideration and sometimes consternation. So there is an element of (positive) selection bias in the larger VC syndicate cohort companies.

Syndicate 166

Syndicate Syndication Seed Stage Valuation 166

View from Seed

JUNE 10, 2020

Our brand promise is that we will work with all accelerator companies to shape the underlying business, craft the fundraising pitch, and make introductions for new downstream investors until the company is subsequently financed. NextView Won’t Lead the Next Round in Accelerator Participants, But Will Always Follow-On in That Round.

Cofounder 177

Cofounder Syndicate Syndication Alabama 177

David Teten

JANUARY 19, 2021

Seed-stage compatible: Like traditional equity VC investors, Flexible VCs accomodate early-stage investment risk within their portfolios better than a traditional RBI funder. Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. Vocabulary for the New Risk Capital Landscape.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Eric Friedman

AUGUST 19, 2020

Software has been eating venture funds by simplifying syndicates, managing SPVs, and even traditional fund management. What rolling funds do not address is traditional portfolio construction that requires a thoughtful capital deployment strategy. How much capital are you reserving for follow on financings?”

Syndicate 88

Syndicate Syndication Cofounder Portfolio 88

Genuine VC

FEBRUARY 12, 2012

PROs of taking his angel money are the feeder system to venture financing of the next round and the vast network of portfolio CEOs which can be tapped into for connections and help. CONS of an investment from a Super Angel include potential lack of “value add” because his time is spread so thin amongst many portfolio companies.

Angel Investor 128

Angel Investor Syndicate Syndication Early Stage 128

Haystack

JANUARY 16, 2019

The more I discover about going beyond just writing checks into startups — concepts like portfolio construction, cross-fund management, and new fund formation — the more I realize how critical the parlay is. Let’s focus on the noun first. Of course, if the fund does well, that investment compounds nicely.

Portfolio 111

Portfolio Syndicate Syndication Stock 111

Feld Thoughts

DECEMBER 10, 2014

So – I’ll start with that – this is not a prediction, rather it’s a hypothesis, which is as long as there isn’t a cataclysmic macro event, Q115 financing activity is going to be insane. The number of large, “later stage” financings are remarkable – both in size and velocity.

Later Stage 142

Later Stage Syndicate Syndication Portfolio 142

Hunter Walker

SEPTEMBER 5, 2021

I really liked Jason Lemkin’s “ Do You Have a Weak Investor Syndicate ” blog post from earlier in the summer. As a venture fund I might have a strategy which says “for every dollar I invest into companies, I will hold one dollar in reserve for additional financings.” Go read it and then come back here….

Cap Table 98

Cap Table Seed Stage Syndicate Syndication 98

View from Seed

AUGUST 20, 2014

how large an exit they prefer to see), portfolio strategy, etc. Series A Dynamics: This is a middle-of-the-road outcome in terms of optimizing your next round of financing. It should be noted however that some angels belong to syndicates that allow them to speak for larger amounts of capital.

Startup 301

Startup Syndicate Syndication Boston 301

Rob Go

JANUARY 7, 2013

This is why I’ve made a habit of profiling our portfolio quantitatively and why we write summaries announcing pretty much all of our new investments. So, here is our annual quantitative summary of our portfolio. A Stroll Through Our Portfolio. Syndicate Composition: NextView + Seed Funds + Angels: 9. Consumer: 9.

Portfolio 49

Portfolio Seed Stage Cofounder B2B 49

View from Seed

OCTOBER 21, 2014

Sharing these pricing expectations early with potential lead investors fundamentally qualifies your conversations, but it also runs the risk of prematurely losing a potential financing partner, or else it can reduce options to maximize your fundraise outcome. You can learn about our approach in more detail here.).

Valuation 336

Valuation Founder Seed Stage Angel Investor 336

OnlyOnce

FEBRUARY 9, 2022

On the heels of the announcement we made last month about our Series B financing , we are now announcing the launch of a new program called Bolster Prime and a new venture capital fund called Bolster Ventures. This is another big week for us at Bolster. What about the middle?

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

VC Adventure

MARCH 17, 2016

I’ve always felt that a robust angel financing market was important to startup ecosystems and the data on the next two charts really brings that home. It’s reflected in how we treat entrepreneurs, how we work with our portfolio companies and the kind of structures we use for our investments.

Syndicate 48

Syndicate Syndication Angel Investor Colorado 48

View from Seed

JUNE 16, 2015

Our investment size may differ slightly from one company to the next, but it tends to be driven entirely by situation-specific factors (needs of the company, syndicate composition, anticipated reserves, etc) … and not based on our belief. How does the firm behave if you are knocking the cover off the ball?

Boston 120

Boston Syndicate Syndication eCommerce 120

Feld Thoughts

JUNE 25, 2015

.”) But at the end of 2013, when the JOBS Act became official and AngelList created Syndicates, we decided to understand the phenomenon better by participating in it.

Syndicate 70

Syndicate Syndication Limited Partner Finance 70

Version One Ventures

MAY 22, 2018

What are the experiences of other founders in the investor’s portfolio? Lastly, dig down into how an investor behaved during new financing rounds or during exits. In the meantime, we’d love to hear how you decided on your investor syndicate? This is a great way to see how strong of an advocate they will be for you.

Cap Table 60

Cap Table Cofounder Syndicate Syndication 60

View from Seed

JANUARY 28, 2016

When we talk about seeds, we mean your first outside round of financing at the earliest stages of your business. In my prior post, I talked about the rise of the pre-seed and a more nuanced definition of a pre-seed based on milestones, not financing labels. This staged approach is often much better for the founders as well.

Cofounder 120

Cofounder Finance Founder Syndication 120

This is going to be BIG.

JANUARY 8, 2015

To date, I''ve backed three fashion related companies--Refinery29, chloe + isabel, and Ringly--and now I have the pleasure of joining the syndicate of investors in Bradford Shellhammer ''s new company, Bezar. Could I a less likely candidate for such a portfolio? :). We had a great chat and stayed in touch.

Syndicate 60

Syndicate Syndication Venture Capital Portfolio 60

Austin Startup

AUGUST 1, 2017

TL;DR: In a market that has historically idolized huge, splashy financings and exits, an increasing number of entrepreneurs are realizing that everyone else’s definition of success — particularly among certain large VCs — isn’t necessarily aligned with their own. Understand the tension between “Portfolio” v. One Shot” incentives.

Liquidation Preference 48

Liquidation Preference Common Stock Valuation Silicon Valley 48

Rob Go

SEPTEMBER 2, 2014

With the advent of more open, standard financing documents, it’s also more possible for founders to just set terms themselves and have investors subscribe. Related to 3, the potential to fill out rounds gets easier and easier with the rise of alternative financing sources like Angelist, FundersClub, and others.

Cram Down 66

Cram Down Institutional Investors Dilution Seed Stage 66

VC Adventure

AUGUST 10, 2010

At the end of his post Brad lists out the companies in the Foundry portfolio that started as seed investments ( AdMeld , Gnip , Lijit , Mandlebrot , Next Big Sound , Standing Cloud , and Trada ). In this case neither Niel (nor I) had any interest in creating a traditional syndicate to fund the company.

Syndicate 74

Syndicate Syndication Due Diligence SEM 74

Professor VC

JULY 25, 2013

Yes, there are a number of cases in the middle where having a senior or participating preference does make a difference in liquidation proceeds, but I argue that it does very little to overall returns in a diversified portfolio. AngelList (which I remain a big fan) also recently launched a syndicate program.

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46

VC Cafe

JULY 4, 2011

The ratings agency noted that the improvement in public finances reflects both revenue growth as a result of buoyant output, as well as expenditure control, resulting from the adoption of new fiscal rules. With the acquisition, Amdocs plans to expand its Customer Experience Systems (CES) portfolio. of GDP in 2010 from 5.2% in 2009. .

Israel 90

Israel Balance Sheet Acquisition Africa 90

David Teten

NOVEMBER 15, 2013

At my firm, ff Venture Capital, we’re trying our part to rethink how the industry works, and also actively looking for opportunities to invest in companies creatively disrupting this sector, e.g., our portfolio companies Addepar and Indiegogo.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

Pascal's View

SEPTEMBER 15, 2010

The article, which you may read in full by clicking HERE , makes the following key points: Sophisticated trust portfolios often benefit from direct exposure to active and passive investments made in venture capital and private equity.

Private Equity 42

Private Equity Equity Syndicate Syndication 42

VC Adventure

JULY 23, 2013

All these years I’ve financed my business with SBA and bank loans. But the reality is that not everyone shares your passion, not everyone is at the right time in their fund, not everyone has time vs. other things their looking at to take a closer look, etc. So has everyone I know.

SBA 117

SBA Syndicate Syndication Email 117

Cracking the Code

DECEMBER 9, 2006

Done deal: after a quick syndication with the kitchen team (their job was at stake, so they were easy to convince.), Portfolio. (3). Yahoo Finance. Back to the team room, I looked at the yearly cost of parmesan and discovered that the spend was above $75k per year, or equivalent to 15g or parmesan per person per lunch!

Software Review 48

Software Review Technical Review Europe Venture Capital 48

David Teten

MARCH 14, 2018

First Round Capital’s forum for portfolio executives is a powerful example of a scaleable resource. Another example is Correlation Ventures ($300M+ AUM), a VC firm which co-invests in financings with at least one other new outside VC. – Syndicate Special Purpose Vehicles (“SPVs”) for specific opportunities.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Austin Startup

MARCH 7, 2021

A significant strength of Texas lies in its diversified portfolio of unique cities. At the same time, early-stage companies are thinking beyond the high prices of Silicon Valley to put down roots and find financing and growth partners. Each offers a different culture, resources and economic base. all Bay Area firms?—?

Texas 90

Texas San Antonio Houston Dallas 90

VC Adventure

JULY 23, 2013

All these years I’ve financed my business with SBA and bank loans. But the reality is that not everyone shares your passion, not everyone is at the right time in their fund, not everyone has time vs. other things their looking at to take a closer look, etc. So has everyone I know.

SBA 48

SBA Syndicate Syndication Email 48

Rob Go

JANUARY 28, 2016

When we talk about seeds, we mean your first outside round of financing at the earliest stages of your business. In my prior post, I talked about the rise of the pre-seed and a more nuanced definition of a pre-seed based on milestones, not financing labels. This staged approach is often much better for the founders as well.

Cofounder 28

Cofounder Finance Founder Syndication 28

Tim Keane

APRIL 12, 2006

Can you get references from their portfolio companies? What’s your attitude about “next round” financing? If the investors ideal size is smaller than your need, you ought to ask about syndication. If they don’t like to syndicate, or don’t have a track record of doing it, you will want to consider your options.

Entrepreneur 60

Entrepreneur Valuation Sweat Equity Common Stock 60