Both Sides of the Table

OCTOBER 12, 2014

Prorata rights are one of the most important rights of a private market technology investors and yet are seldom fully understood. They often create the biggest tensions between investors who are investing at different stages in the business. Because tech companies are getting bigger more quickly than at any time in history.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Startup Professionals Musings

FEBRUARY 14, 2018

Some get stuck in a rut and get run over by competitors with new technology, like Eastman Kodak, and others get pushed into a crisis, like Apple did, before they reinvent themselves into a new market. Use that same technical and business expertise that served you well on this startup to find the next opportunity.

Technical Review 149

Technical Review Due Diligence Institutional Investors Angel Investor 149

David Teten

DECEMBER 3, 2019

When I met my now-wife, I realized that any technology that can find me a spouse is a killer app. But in business, you want a lot of partners. I’d argue that the same type of technologies that have revolutionized dating can revolutionize our industry. . That’s why 40 million Americans use online dating sites. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Professionals Musings

SEPTEMBER 2, 2015

Some get stuck in a rut and get run over by competitors with new technology, like Eastman Kodak, and others get pushed into a crisis, like Apple did, before they reinvent themselves into a new market. Use that same technical and business expertise that served you well on this startup to find the next opportunity.

Technical Review 120

Technical Review Leadership Due Diligence Marketing 120

David Teten

JANUARY 23, 2021

I’ve been fortunate to be a Partner at two different VC firms over the past 9 years, and we’ve grown AUM 10X both times. If you take the fifteen steps below, you’ll have the core of a high-performing fundraising and investor relations function. . Build the firm as much as possible before you solicit limited partners. .

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

David Teten

MAY 9, 2012

I am very happy to announce today a new program I’ve been working on designed to support women and diverse entrepreneurs, particularly those in the technology sector. VCAP© applicants will be reviewed in a series of screenings conducted by the Marathon VCAP© selection committee, HBSAANY, and NAIC board members. domestic market.

Venture Capital 154

Venture Capital Programming Accredited Investor New York 154

David Teten

FEBRUARY 3, 2014

We drew on our work with leading institutional investors and in-depth interviews with over 150 funds. Now that I’ve been an institutional VC for a few years, I thought it would be helpful to revisit our findings from the investor side of the table. The median VC reviews 87 opportunities before making 1 investment.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

The Next Web

JANUARY 16, 2014

Secondly, because he had single-handedly managed to achieve something that my adopted startup hometown of London (despite a fair amount of wailing and hand-wringing) has not yet achieved; namely, an incredibly successful public flotation of a homegrown tech company listing on the local market. PepperstoneFx. It’s not hard to see why.

Australia 146

Australia San Francisco IPO Cofounder 146

View from Seed

SEPTEMBER 4, 2018

Amidst the rise of new funds, new technologies, and potentially disruptive late stage players, I thought it was important to share what we consider to be our core operating principles here at NextView. . When we started the firm, we were also more narrowly focused geographically due to our smaller team and network.

North America 120

North America Seed Stage Early Stage Lead Investor 120

David Teten

JANUARY 9, 2013

Partners for a New Beginning (PNB), a public-private partnership housed at the Aspen Institute, is organizing a Venture Capital, Private Equity and Angel Investor Delegation from the Maghreb. Aspen is looking for institutional investor and entrepreneur speakers willing to share their investing insights and personal experiences.

Tunisia 114

Tunisia Libya Algeria Mauritania 114

David Teten

JUNE 22, 2012

With Take the Interview, employers can screen candidates via asynchronous (not-live) video interviews by posing their most important questions to candidates and receiving automated video responses back that they can review at their convenience. HBSAANY now invests during a gait of tighten to $2 million in 7-10 companies per year.

Programming 128

Programming Accredited Investor Naming New York 128

The Next Web

SEPTEMBER 13, 2013

Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. Remember, it’s a two-way street – do your due diligence too.

Asia 132

Asia Silicon Valley India Term Sheet 132

David Teten

MARCH 28, 2012

This study is effectively a sequel to the study David Teten led with Chris Farmer of General Catalyst on best practices of venture capital and private equity funds in originating new deals , published in Journal of Private Equity , Harvard Business Review , Institutional Investor , etc.

Portfolio 144

Portfolio Private Equity Venture Capital Early Stage 144

David Teten

JUNE 22, 2012

With Take the Interview, employers can screen candidates via asynchronous (not-live) video interviews by posing their most important questions to candidates and receiving automated video responses back that they can review at their convenience. HBSAANY now invests during a gait of tighten to $2 million in 7-10 companies per year.

Programming 114

Programming Accredited Investor Naming New York 114

David Teten

MARCH 5, 2021

We reviewed CB Insights’ global list of “40 of the Best VC Bets of all Time.” Shelly Porges, Co-Founder and Managing Partner of Beyond the Billion , observed, “While we all want to have invested in those exciting home-runs/unicorns, most investors are seeking the data points to construct reliable portfolios. Of the 43 U.S.-based

Cofounder 78

Cofounder Founder Technical Cofounder Technical Review 78

David Teten

SEPTEMBER 5, 2014

Like many established finance & media companies, GLG knows that the tech startup sector is a growing part of the economy. I’ve also presented at a range of industry conferences on how institutional investors can use professional networks for research , origination , market research , and value creation.

New York 114

New York Technical Review Networking Advisory Board 114

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. VCs tout themselves as frontier technology investors, but most are using the same infrastructure tools they have used for the past 20+ years: Excel and recent college grads searching Google.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

This is going to be BIG.

OCTOBER 5, 2012

In fact, one of my largest investors from a family office were former private investment people themselves, and their due dilligence was off the charts. I would argue that returns might go up if VC fundraising was a lot more meritocratic and if the big Limited Partners got to see everyone who was fundraising at the same time.

LP 97

LP Venture Capital Technical Review Nebraska 97

This is going to be BIG.

OCTOBER 12, 2020

Moat, the biggest exit out of the bunch, was sourced when I met Mike Walrath at a tech event. He said they’d consider any “special situations” funds I was doing—at which point I realized that he had never even looked at the deck and had zero intentions of doing any real diligence.

LP 146

LP Technical Review Software Review Valuation 146

Pascal's View

MARCH 16, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question; How should institutional investors contact VC funds? Do the traditional investment consultants have the background to conduct due diligence on the VC fund(s)? Directly or via an investment consultant?

Institutional Investors 28

Institutional Investors Government Technical Review Due Diligence 28

VC Cafe

FEBRUARY 6, 2011

Jussi Laakkonen , CEO & founder of Applifie, summarized it well: We recently raised our seed round at Applifier and it was led by a silicon valley seed fund MHS Capital, whose general partner is Mark Sugarman. How do you review documents in non-english languages, where structures can be quite different from what we are used to in the US?

Silicon Valley 104

Silicon Valley Startup Seed Stage Delaware 104

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

VC Adventure

MAY 21, 2014

Foundry reviewed these terms before committing to invest and both FG Angel’s $ 50k and the syndicate member’s total amount are under the terms of this note. This means we did not negotiate deal terms with Foundry or with AngelList, the investors accepted the terms we already had for the convertible note (or choose not to invest).

Syndicate 93

Syndicate Syndication Technical Review Due Diligence 93

YoungUpstarts

JANUARY 3, 2018

Procter & Gamble, the biggest company ever targeted this way, made headlines in 2017 when Nelson Peltz of Trian Partners demanded, and ultimately won, a seat on its board. One thing’s for sure: No company is immune to activist investors. Activist Investor Target: Buffalo Wild Wings. and Malaysia.

Agile 113

Agile Malaysia Private Equity Non-Compete 113

Rob Go

OCTOBER 14, 2012

One of the earliest things we did at NextView when my partners and I started working together was go away as a team to the New Hampshire mountains. Late last week, I wanted to take a step back and review what has transpired the last two years. At the time, I think we didn’t even had a name for the fund.

New Hampshire 50

New Hampshire Croatia Omaha Institutional Investors 50

Austin Startup

JANUARY 3, 2019

I originally asked this question to several founders with the intent of addressing angel investors but I’ve found it doesn’t exclude other institutional investors either. If you Google “fundraising startups” you’ll find thousands of articles on how to get started, what you should do and how you should communicate to investors.

Founder 48

Founder Angel Investor Technical Review Due Diligence 48

Rob Go

SEPTEMBER 4, 2018

Amidst the rise of new funds, new technologies, and potentially disruptive late stage players, I thought it was important to share what we consider to be our core operating principles here at NextView. . When we started the firm, we were also more narrowly focused geographically due to our smaller team and network.

North America 36

North America Seed Stage Early Stage Lead Investor 36

Startup Company Lawyer

MARCH 12, 2009

Almost all technology startup companies that I work with are C corps. I generally avoid LLCs as most technology startup companies need to grant options to employees and consultants, and there is no easy “off the rack&# method to do this. Such inflexible features are typically unattractive to venture investors.

LLC 61

LLC Stock Options Preferred Stock Stock 61

VC Adventure

MAY 21, 2014

Foundry reviewed these terms before committing to invest and both FG Angel’s $50k and the syndicate member’s total amount are under the terms of this note. This means we did not negotiate deal terms with Foundry or with AngelList, the investors accepted the terms we already had for the convertible note (or choose not to invest).

Syndicate 48

Syndicate Syndication Technical Review Due Diligence 48

Ben's Blog

MAY 24, 2021

Editor’s Note: This testimony was delivered by a16z managing partner Scott Kupor to the U.S. By way of background, I am the Managing Partner for Andreessen Horowitz, a $16.5 The value of mutual fund investments in private tech companies was estimated at just north of $7 billion in 2016, or about.05% IPO market.

SEC 36

SEC Accredited Investor IPO Technical Review 36

Duct Tape Marketing

AUGUST 21, 2019

He is a partner at the Barkley ad agency. Jeff Fromm: And then you also have the CEO of BlackRock, which is the other side of the coin, the institutional investor, saying, “In the next few years, if you’re not doing this, we’re simply not gonna invest in your brand. Find out at gusto.com/tape.

Kansas City 70

Kansas City Kansas Technical Review Conversion 70