Both Sides of the Table

JUNE 19, 2015

I’ve met many VCs who take fund raising meetings with lots of LPs but struggle to get traction and I believe often the problem is that first meetings are easy but the 28 steps to get each LP to closure take an insane amount of focus, effort, follow through and discipline. Opening is easier than closing.

LP 150

LP Warrant Portfolio Framework 150

Hunter Walker

JANUARY 5, 2014

Oh, your top priority right now is a marketing hire? raising capital, building LP relationships, infrastructure and platform investments, recruiting for firm, budget/audit, evaluating overall firm strategy and performance. Let me go get five great candidates for you! 3) General Relationship Building. Hey, want to grab a coffee?

Software Review 128

Software Review Balance Sheet Cofounder Technical Review 128

VC Cafe

APRIL 29, 2020

Israel – 500M NIS to cash strapped startups. On the health front, there are signs of recovery.

Israel 124

Israel SBA Technical Review Startup 124

Version One Ventures

JUNE 3, 2013

So it is time to get some help to manage the fund and I am excited to announce that Version One is hiring an analyst. Helping with reporting for our investors, including writing quarterly updates and preparing LP advisory board meetings. The post We’re hiring an analyst! Looking forward to hearing from you!

Hiring 156

Hiring North America Los Angeles Advisory Board 156

David Teten

APRIL 13, 2021

Empirically, few small emerging investment managers hire placement agents, particularly in venture capital. And even the firms that hire a placement agent almost always still have to run their own internal process. . Homebrew doesn’t report hiring a placement agent for their Fund I, despite (or because of) a well-pedigreed team.

Private Equity 60

Private Equity Technical Review Management LP 60

David Teten

JUNE 1, 2011

Zubin Avari, Charter Oak Equity LP Christopher A. Of course, the larger the deal, the high the chances the corporate seller does hire a banker to be able to justify price to their board. Charter Oak Equity LP Fee at close Part of management fee Part of carry. Prestegaard, High Road Capital Parnters. Wells, PE-Nexus LLC.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

Version One Ventures

JULY 31, 2018

We’re hiring an associate for a two- to three-year role where he/she will learn about the business of venture capital and get the opportunity to work with some really interesting startups. Reporting for our investors, including writing quarterly updates and preparing LP advisory board meetings. Looking forward to hearing from you!

Hiring 166

Hiring San Francisco Advisory Board Due Diligence 166

David Teten

DECEMBER 3, 2019

Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. We are also seeing technology evaluation as an increasingly important part of LP operational due diligence. Fincura specializes in serving lenders.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Hunter Walker

APRIL 27, 2014

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. Counsel : Being helpful in a structured way – from frequently 1:1s with founders to ‘on demand’ help closing hiring candidates and so on. Commitment : Yeah, that tattoo.

LP 116

LP Cofounder Term Sheet Valuation 116

Austin Startup

AUGUST 10, 2017

They helped us establish 2 GP entities, 2 LP entities, and 1 Cayman entity (for international investors) in ~2 months. PPS, you should expect to see a lot more writing from both Tushar and I, as well as our recently hired and soon-to-be-announced research associate. PPPS, we’re also hiring a blockchain engineer.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

Hunter Walker

FEBRUARY 21, 2023

Almost two years later we’ve backed 11 managers with over $40 million of commitments, reviewed applications from 500+ funds, and, most recently hired our first Managing Director to help lead Screendoor into its future. In today’s vast venture capital landscape, it’s ALPHA!

Venture Capital 117

Venture Capital LP Hiring Management 117

Both Sides of the Table

SEPTEMBER 1, 2016

to “Jeez — they sure are hiring a ton of staff. to “How can we hire more staff to keep up with the services they offer?” What’s an LP to do in deciding which funds to invest in? When Andreessen Horowitz as a fund first started the industry went from “We love Ben and Marc” to “they raised how much?” Can that really work?”

Jordan 264

Jordan LP Cofounder Limited Partner 264

David Teten

JANUARY 21, 2021

Prasanna Krishnamoorthy, Managing Partner, Upekkha Value SaaS Accelerator, said, “We are the first fund which combines an Angel List rolling fund structure for making LP access widely available, while using the variable VC model of giving founders the option to buy back their equity at a later stage, ensuring founder optionality.

Equity 78

Equity Revenue Cofounder Colorado 78

firstround.com

SEPTEMBER 10, 2013

I was their first full-time engineering hire and I helped build out the team and set the agenda for product development. at least until one of our new hires requested one. Suddenly we had hires asking to use their own laptops and spend their budgets on expensive peripherals. Yes, it turns out, and more. Trust your gut.

CTO Hire 52

CTO Hire Engineer Software Review Part-Time VPE 52

David Teten

SEPTEMBER 23, 2017

Jaime Hildreth, Managing Director of GP and LP Strategies at Ipreo , informed us that 97% of Ipreo’s GP clients report that data requests from LP’s have increased over the past two years. Over the past few years, ff Venture Capital hired two full-time engineers to build out its internal technology stack, called Totem.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Hunter Walker

MAY 22, 2024

2024 Lisa hires two more partners into Screendoor – Layne Johnson and Jamie Rhode. All three have significant experience backing venture firms from previous LP positions. And if you’re an LP who would like to learn more as we expand our efforts, we welcome you to share your info so we can chat!

LP 109

LP Venture Capital Hiring Partner 109

Feld Thoughts

APRIL 10, 2014

Venture funding goes ballistic: VCJ : Some people are starting to call the top of the current cycle, at least in the context of flows of LP funds into VC firms. We had our LP Annual Meeting yesterday and I had a vibrant conversation with a few of our LPs about this topic at lunch.

LP 129

LP Denver Colorado Government 129

Both Sides of the Table

JUNE 8, 2014

While the costs of starting a tech company have plummeted it still does take money to hire a team, launch products and market oneself. Our fund has more interest from potential LP investors than our fund needs. But soon Cincinnati will also have a 38,000 sq ft co-working facility in its historic Over-the-Rhine neighborhood.

Silicon Valley 390

Silicon Valley Kansas City Startup Los Angeles 390

View from Seed

MAY 29, 2019

They are also increasingly focused on “leading” rounds, because funds that are institutionalizing get LP pressure around whether or not they lead. Some funds have elevated or hired junior professionals to “partner” titles to try to address this.

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

VC Cafe

JULY 4, 2022

Another impact of the meltdown of the public markets is on performance, in LP and VC books which resulted in 68% of funds estimated to have marked down companies in their portfolio. Remote hires represent the majority in the US in H1 2022. Remote hires are now the majority in the US (source: Carta). billion in June 2021.

Venture Capital 167

Venture Capital Valuation Private Equity LP 167

Hunter Walker

AUGUST 12, 2024

Having been fortunate enough to hire Lisa to run Screendoor, I’m of course biased in this endorsement. But it’s not just me – as David leads with when referring to the backchannel research he did on Lisa for the interview: “the number of raving fans you have in the LP ecosystem is phenomenal!”

LP 85

LP Hiring Management 85

Both Sides of the Table

FEBRUARY 24, 2019

Local I feel strongly that you should consider hiring an independent that is local to you. That’s why hiring somebody with some startup experience can really help. This is important because when you have too many VCs on a board you only bring one kind of thinking to the board. Independents are critical to avoiding “VC group think.”

Warrant 187

Warrant LP Cofounder Founder 187

Both Sides of the Table

OCTOBER 14, 2015

I spoke at Michael Kim’s excellent annual Cendana VC/LP conference today. But like many companies over the past five years it hired aggressively and probably had some degree of straying off of a core strategy and some amount of excess jobs relative to its current revenue forecasts and opportunities. Here’s my take away.

Burn Rate 150

Burn Rate San Francisco Private Equity LP 150

This is going to be BIG.

NOVEMBER 30, 2011

I've had the privilege of working not only for investors like Josh Kopelman and Fred Wilson, but for an institutional LP that had been invested in venture capital since 1980. There are three ways to learn while working: 1) Work for people who are great at what they do. 3) Build a peer network and get in the flow of best practices.

LP 119

LP Venture Capital Startup Affiliate 119

Feld Thoughts

FEBRUARY 7, 2019

During one of the Techstars Boston cohorts where I’ve been Mentor-in-Residence, I worked with a 20-something CEO founder (code named Mary) who, shortly after raising a seed round of several million dollars, hired a high-powered exec, granting a significant equity option. Jay has embraced this responsibility for every Boston cohort since then.

Boston 123

Boston LP Startup Equity 123

Babbling VC

NOVEMBER 3, 2013

Developers become interesting people and even friends verses "must hires" who are treated like unicorns. . LP''s.what''s that? You''re not in the Valley (if not based there) three or four times a year at least and couldn''t be bothered. . You actually don''t have the newest Mac/iPad/iPhone/Fitbit/Tesla the day it comes out.

LP 99

LP Portfolio Business Plan Demand 99

Babbling VC

JANUARY 7, 2011

Conversely you could blame the LP's (limited partners: the investors in venture funds) and say they are the one's not risking it enough. This leads to founders being able to hire the best people, get subsidiaries in place in the US or elsewhere and grow far faster than their competitors in the EU with far less money.

Finance 76

Finance LP Europe Valuation 76

Hunter Walker

FEBRUARY 5, 2019

New GPs are hired or grown, and in several cases, the bench strength seems to be there. When they’re done will we have a replacement class of seed firms that (a) stay small and focused, (b) lead rounds, and (c) are institutional LP backed? In others, TBD. In the 2020s will Homebrew be an anomaly?

LP 100

LP Early Stage Syndicate Syndication 100

Feld Thoughts

FEBRUARY 6, 2019

At worst, you may end up affecting their relationships with potential partners or future hiring candidates. He’s an LP in several Techstars funds and a direct investor in a selection of Techstars companies. If you vent to another founder, you either hurt your own reputation or the mentee’s reputation.

Boston 101

Boston LP Reputation Stock 101

This is going to be BIG.

DECEMBER 3, 2020

Depending on the minimum investment size, if you think about what hiring an actual analyst, or someone more senior, might cost you to look at deals you’re serious about, an investment in a fund could may for itself in access. In a way, that’s like having a free analyst at your disposal. Access to other investors.

Portfolio 103

Portfolio Syndicate Syndication Deal Flow 103

www.quora.com

SEPTEMBER 22, 2011

As a result, there is a much bigger supply of these people than there are of founders who can get a company to the point of hiring some early employees. They are not even investing with their own money, but with their LP's money. Therefore the risks to the founders are greater. The investors are VCs.

Equity 40

Equity Employee Founder Cofounder 40

Both Sides of the Table

SEPTEMBER 22, 2012

Instant growth = huge valuation from follow-on investors = big VC mark-up on our quarterly reports = LP interest. And it launched this author’s career and taught me everything I know about sales, marketing, hiring, firing, fund raising and so on. They want to know that you’re in Twitter, Facebook, Square, Fab and the like.

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

Hunter Walker

SEPTEMBER 2, 2022

It requires valuing the labor of the team we hire to build it, to support our partners (unions) that use it, and to invest in continually making it better. Look, socialists hate venture capital, and venture capitalists hate unions. But building new tech to try to address major problems in a large category (Labor) requires $.

Chicago 111

Chicago Venture Capital Miami Employee 111

K9 Ventures

DECEMBER 10, 2011

Likewise if you’re an LP, you have to make sure you have reasonable exposure to Valley investments. While I haven’t done a scientific analysis of this (LPs can afford to hire someone to crunch the numbers for them!), It’s a simple density/deal flow issue.

Silicon Valley 124

Silicon Valley San Jose Portfolio Cofounder 124

The Equity Kicker

JULY 8, 2019

In addition to Platform and Applied Venture strategies, the trend towards hiring ex-operators into partner roles at VC firms can be seen in this light. The GP-LP structure used by most funds is a brake on innovation here too. Value add strategies make partners at VC firms more personally effective.

Portfolio 84

Portfolio LP Venture Capital Partner 84

K9 Ventures

DECEMBER 10, 2011

Likewise if you’re an LP, you have to make sure you have reasonable exposure to Valley investments. While I haven’t done a scientific analysis of this (LPs can afford to hire someone to crunch the numbers for them!), It’s a simple density/deal flow issue.

Silicon Valley 112

Silicon Valley San Jose Portfolio Cofounder 112

This is going to be BIG.

SEPTEMBER 7, 2012

I know, because those people all used to pitch me as an institutional LP back in the day. I think I'm terrific at helping early stage teams by rolling up my sleeves and doing what's necessary--getting them hires, PR, product strategy help to find that market fit.

Later Stage 99

Later Stage Down Round Pre-Money Valuation Early Stage 99