Agile VC

OCTOBER 29, 2014

Most of the dollars a VC firm invests come from outside limited partner investors (LPs). The actual partners of a VC firm (GPs) will typically invest a minimum of 1% of the total size of their fund,* though frequently this percentage is substantially higher (especially in many of the best funds).

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Venture Capital LP Private Equity Institutional Investors 279

Version One Ventures

SEPTEMBER 12, 2017

Then, if you win the deal, you have major influence on the development of the start-up through negotiated governance mechanisms like board seats, information rights, anti-dilution rights, etc. But you also have almost no influence on the project in terms of governance. New way of running your VC business.

Venture Capital 164

Venture Capital LP Dilution Limited Partner 164

David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Governance. We detail below the major categories of VC: VENTURE CAPITAL TYPOLOGY. Profitable or backed by large VC fund.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

YoungUpstarts

JUNE 13, 2020

Try keep everything friendly when going bankrupt with partners, but don’t dissolve the partnership and leave the business in the hands of a single proprietor. Limited Partner. This category is going to cover limited liability companies and corporations, as well as limited partnerships. You know what happens then.

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Bankruptcy Limited Liability Company Finance Limited Partner 207

David Teten

AUGUST 19, 2019

Like other RBI firms, Decathlon does not require warrants, governance involvement, or the types of financial covenants that are often associated with other venture debt type solutions. Founders First Capital Partners defines these high performing organizations as Zebra Companies.”.

Revenue 60

Revenue Technical Review Software Review Equity 60

Eric Friedman

AUGUST 18, 2021

From who we hire to the way we go to market, from how we engage with our limited partners to how we engage with founders, it’s all about being very focused on quality and consistency so as to affect strategies to generate meaningful carry for ourselves and our limited partners.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

David Teten

SEPTEMBER 6, 2015

When it comes to governance, putting operating heads on portfolio company boards hasn’t worked. The alternative model is to set up a dedicated venture fund and even supplement it with outside limited partners. The role of the board member is first and foremost fiduciary duty to the company.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Pascal's View

MARCH 8, 2010

It’s that time of the year again– time to send out audited financial statements and K-1’s to your limited partners– which means it’s also a great time to address some of the common questions that investors raise about VC partnership governance and disclosure issues.

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Limited Partner Government Delaware LP 28

ReadWriteStart

JUNE 13, 2011

As customer and agile development reinvent the startup, it's time to ask why startup board governance has not kept up with the pace of innovation. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. Because We've Always Done It This Way.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Pascal's View

MARCH 17, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: What happens if an LP wants to exit a VC fund? This is the eighth in our series of ten frequently asked questions from investors in venture capital partnerships. What are their rights?

Limited Partner 28

Limited Partner Government LP Partner 28

This is going to be BIG.

NOVEMBER 4, 2018

It’s an entirely fair question—and the risk is that limited partners, founders, or other VCs might not want to work with me because I’m vocal about my political views. If you want to sit down and debate what the size of the government should be those are arguments I’m happy to have and can stay pretty respectful around.

Arkansas 101

Arkansas Cofounder Limited Partner Algorithm 101

Pascal's View

MARCH 15, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: You had some thoughts about contract terms. This is the sixth in our series of ten frequently asked questions from investors in venture capital partnerships.

Clawback 28

Clawback Limited Partner Government LP 28

Pascal's View

MARCH 19, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: I’ve read that some GPs are suing LPs for not making capital calls. This is the last in our series of 10 frequently asked questions from investors in venture capital partnerships.

Limited Partner 28

Limited Partner Government LP Venture Capital 28

Steve Blank

NOVEMBER 7, 2023

The first part was railing against the consequences of regulatory capture on innovation and a second part, about the consequences of premature government regulation of AI and why the incumbents are all for it. He recently gave a talk at the All-In Summit that was really two talks in one. In the U.S. Bill Gurley’s point.)

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Washington Government Marketing Silicon Valley 319

Hunter Walker

SEPTEMBER 11, 2024

Called “LPs” or Limited Partners. Yet despite our collective fascination with those awe-inspiring stories, it’s still under-appreciated to what extent power law governs venture capital. So much has been written about venture-backed startups and particularly about the most successful outliers.

Venture Capital 88

Venture Capital LP Limited Partner Green 88

David Teten

DECEMBER 24, 2015

The question some of our limited partners ask us is, “Why?”. Additionally, the Canadian government has significantly more rational immigration policies for foreign entrepreneurs than America, encouraging talented people globally to come to Canada. We are aware of only one other U.S.

New York 60

New York Venture Capital Canada Silicon Valley 60

David Teten

APRIL 30, 2018

While fundraising of US VCs has dropped slowly as a percentage of global limited partner allocations over the last decade, non-US startups are receiving a more rapidly increasing percentage of that money. As a result, the Canadian government created the Canadian Technology Accelerator Initiative. Source: NVCA, Pitchbook.

United States 60

United States Silicon Valley Canada Offshore 60

David Teten

APRIL 30, 2018

While fundraising of US VCs has dropped slowly as a percentage of global limited partner allocations over the last decade, non-US startups are receiving a more rapidly increasing percentage of that money. As a result, the Canadian government created the Canadian Technology Accelerator Initiative. Source: NVCA, Pitchbook.

United States 60

United States Silicon Valley Canada Offshore 60

Board Effect

MAY 10, 2019

A venture capitalist firm can be formed when a small number of individuals come together as a group of limited partners (LPs) to raise a large sum of money that they can use to invest in startup companies. Limited partners are usually comprised of large institutions that work with venture capitalists to get big returns on their money.

Venture Capital 49

Venture Capital Startup Angel Investor Elevator Pitch 49

Austin Startup

MARCH 7, 2021

Tens of thousands visit Austin every year for the Austin City Limits Music Festival. Are they running from high prices, high taxes, dysfunctional government, and wildfires? All of the investors, all of the big companies, all of the government groups?—?they What’s bringing them here? Count all of the people you know!

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Texas San Antonio Houston Dallas 90

Steve Blank

JULY 2, 2009

If you were a “with it” VC you needed to have a “Content&# or “Multimedia&# company in your portfolio to impress your limited partners – educational software companies, game companies, or anything that could be described as content and/or Multimedia. Not all VCs are equal.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

Steve Blank

JULY 15, 2010

VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Some of the old-line venture firms have changed their strategy, but some are still locked into last decade’s model while the partners are living off of their management fees and go through cargo cult like rituals.

Venture Capital 306

Venture Capital IPO Liquidity Event Entrepreneur 306

Steve Blank

OCTOBER 29, 2009

to spur innovation was a new government agency to fund new companies. government would invest three (up to $300,000.) And for the first time, private companies like Continental Capital, Pitch Johnson & Bill Draper and Sutter Hill were formed to take advantage of the government largesse from the SBA.

Silicon Valley 130

Silicon Valley SBIC San Francisco RSS 130

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. LIMITED PARTNERS (LPS). They are the real capital that make the system work.

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IPO Term Sheet Silicon Valley Valuation 40

Pascal's View

MARCH 9, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: At a time when transparency is so important to institutional investors, how can fiduciaries reconcile that there is limited information available with a private company?

Government 31

Government Private Equity Institutional Investors Venture Capital 31

VC Cafe

MARCH 27, 2022

It looks forward to a world where users and creators govern the Internet and the economics flow more fairly to the creators directly via the platforms. That disconnect was on display with the release of ApeCoin, a new governance token tied to the popular Bored Ape Yacht Club NFT collection. link] — jack??

Cofounder 179

Cofounder Venture Capital Israel Equity 179

David Teten

AUGUST 1, 2017

Brad’s colleague Linkel Eakman, a prominent limited partner, published his guide: A Human User Interface….with Companies selling surveillance and monitoring technology to governments, e.g., NSO Group. See Ben’s presentation on personal user manuals , and also Brad Feld’s post on How to Write A User Manual To Working With Me.

Technical Review 60

Technical Review Due Diligence Management Cofounder 60

This is going to be BIG.

AUGUST 4, 2024

“Pave the way for future economic Greatness by Leading the world in emerging Industries—industry number one crypto… We will ensure every American has a right to self custody of the digital assets and transact free from government surveillance and control…” [Women’s bodies have entered the chat.]

United States 167

United States Cofounder Myanmar Silicon Valley 167