Both Sides of the Table

SEPTEMBER 15, 2022

The market was down considerably with public valuations down 53–79% across the four sectors we were reviewing (it is since down even further). ==> Aside, we also have a NEW LA-based partner I’m thrilled to announce: Nick Kim. IRRs work really well in a 12-year bull market but VCs have to make money in good markets and bad.

Technical Review 416

Technical Review Pre-Money Valuation San Francisco Valuation 416

VC Cafe

FEBRUARY 27, 2023

For the past 10 years, with interest rates near zero, VC investors plowed record amounts into tech startups and enjoyed a seemingly ‘easy’ investing environment. From a technology point of view, new tech tools like generative AI means that tasks can be accomplished with fewer resources and at a higher speed.

Venture Capital 215

Venture Capital Technical Review LP Institutional Investors 215

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. at exit due to dilution. These first ten years have been pretty special personally.

IRR 205

IRR Dilution Founder Portfolio 205

View from Seed

DECEMBER 4, 2019

If you aren’t familiar with these metrics, I recommend reading the original post to get a sense of the numbers that I’ll be reviewing here. The longer the portfolio maintains the same value without distributing back cash, the worse the fund’s ultimate IRR. So, is this good or bad? LP Constraints.

LP 256

LP IRR Distribution Portfolio 256

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. at exit due to dilution. These first ten years have been pretty special personally.

IRR 156

IRR Dilution Founder Portfolio 156

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. at exit due to dilution. These first ten years have been pretty special personally.

IRR 136

IRR Dilution Founder Portfolio 136

David Teten

MAY 16, 2017

Historically, the process of winning capital from limited partners has been opaque. A few years ago, I presented at an Invesco conference on Emerging GPs, and one of the highlights was a presentation by Laurie Weir summarizing CALPERS’ selection criteria under their Private Equity Emerging Manager Program Review. ” .

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60