Both Sides of the Table

OCTOBER 17, 2019

The first check I wrote was just over 10 years ago into a company called Invoca who just announced a new $56 million in funding led by Scott Hilleboe at HIG Growth Partners. We now serve many large clients like Dish Networks, Dignity Health, and U.S. I thought this was a good time to reflect on some lessons of the past 10 years.

IP 223

IP Intellectual Property IRR Cofounder 223

VC Adventure

AUGUST 12, 2014

The resulting fund would have an IRR in the range of 10% (the exact IRR would depend on the timing of the cash flows, but I constructed a few models to approximate this and 10% was the average return). As I mention above, we’re coinvestors with Correlation in Distil Networks.

IRR 134

IRR Portfolio Distribution Venture Capital 134

Steve Blank

AUGUST 5, 2014

Two companies I helped start in 1992, DCTM and Grand Junction Networks both became Stanford business school cases and very valuable, successful companies. I was on the way to my lifetime IRR of 90%. My two best partners went off to start Benchmark Capital, very successful to this day, so my firm was going to blow up.

Venture Capital 335

Venture Capital Silicon Valley Chicago Cofounder 335

VC Adventure

AUGUST 12, 2014

The resulting fund would have an IRR in the range of 10% (the exact IRR would depend on the timing of the cash flows, but I constructed a few models to approximate this and 10% was the average return). As I mention above, we’re coinvestors with Correlation in Distil Networks.

IRR 123

IRR Portfolio Distribution Finance 123

Professor VC

MARCH 10, 2009

His latest venture, Bharosa, was sold to Oracle for a 6X multiple in 3 years to his angel investors, a sweet close to triple digit IRR. Don't Stop Believin' Is There Any Truth in "The Social Network"? Jon Fisher purposely avoided raising venture capital in his ventures. A Lot of Horn Tooting over a Kazoo sized deal.

Bootstrapping 28

Bootstrapping San Jose Silicon Valley Angel Investor 28

Startup Professionals Musings

JUNE 5, 2016

VCs will be looking for a 10X return on their investment in 3 to 5 years, or 30% annual IRR (Internal Rate of Return). For Angel investors, you only need to do some local networking to get interest. How large is the financial return you project? Angel investors wish for the same return, but may accept a 5X deal.

Angel Investor 120

Angel Investor IRR Valuation Startup 120

VC Cafe

JULY 2, 2012

Lots of returns are being made these days, but the latest CalPers report shows dissapointing returns by Israeli VC firms , with an IRR of 3.5%-3.8% Facebook’s acquisition of Face.com will enable the social network to embed face recognition software into its photo app. to JVP and Carmel, the highest performing funds. . Facebook Inc.

Israel 109

Israel Latvia Lithuania Russia 109

K9 Ventures

MAY 14, 2011

They provide additional value add in the form of coaching and mentorship, and most of all access to a network of other entrepreneurs and smart people – that to me is really the real value of being involved with an incubator / accelerator. They have 4-10 partners who are investing on their behalf. 1-2 per partner. Super Angel.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Accredited Investor 125

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

David Teten

JULY 10, 2017

Angel investing is an exceptionally high-return asset class; I have collected twelve studies on angel returns in the US and UK, which show median internal rate of return (IRR) between 18 and 38 percent. This matching structure takes advantage of the industry knowledge, proprietary deal flow, and network of senior executives.

Employee 60

Employee Balance Sheet Syndication Syndicate 60

K9 Ventures

NOVEMBER 30, 2008

The General Partners (GPs) are the operating guys. The money that the GPs and other employees of the firm invest comes from Limited Partners (LPs) — typically the big university endowments, retirement funds, charitable organizations, family offices and high net-worth individuals. This is what makes it more difficult to scale.

IRR 48

IRR Venture Capital LP Early Stage 48

Feld Thoughts

AUGUST 1, 2018

The $750 million fund combines all of our prior fund strategies – our early stage, early growth, and partner fund investments – into a single fund. When we started Foundry Group, we had four equal partners. We now have seven equal partners. The seven partners all work directly with the companies and partner funds.

Syndication 17

Syndication Syndicate IRR Canada 17

David Teten

NOVEMBER 23, 2020

Blue Future Partners, a venture capital fund of funds, recently interviewed me on ESG in venture capital. – SignUp.com is an organizing platform to quickly mobilize and coordinate people in their community, school, religious organization, or other social networks. Why is that? Firm revenues.

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60