View from Seed

OCTOBER 11, 2022

Almost all of this increase came from our existing Limited Partners, with a small portion that was made available to new LPs. As always, we are grateful for the partnership of all of our Limited Partners who entrust us to be good stewards of their capital in both good markets and bad.

Cofounder 156

Cofounder San Francisco Portfolio Limited Partner 156

Steve Blank

NOVEMBER 7, 2023

Finally, as an innovation ecosystem (VCs, their limited partners, and startups) we need to do a better job in insisting in transparency in government, calling out rent seekers and regulators who no longer regulate, and try to keep government from premature regulation of new innovation.

Washington 319

Washington Government Marketing Silicon Valley 319

VC Cafe

FEBRUARY 27, 2023

By contrast, they backed 620 funds in the last three months of 2021 First time fund managers hit hard: In 2022, limited partners backed 141 funds run by first-time managers, a 59% decline from the prior year and the lowest number since 2013 How does the constrained LP environment manifest for funds and startups?

Venture Capital 215

Venture Capital Technical Review LP Institutional Investors 215

This is going to be BIG.

FEBRUARY 18, 2019

All were backed based on the sole criteria that they had the potential to make my limited partners a lot of money. Three teams have African-American founders. Three of the founding teams are married couples. The diversity is the direct result of our mission—to build the most accessible venture capital fund in NY.

Venture Capital 165

Venture Capital Portfolio Cofounder Seed Stage 165

Both Sides of the Table

OCTOBER 12, 2014

People all across the value chain have taken notice including Limited Partners who are the people who invest in VC funds in the first place. Why prorata rights are now sought out by LPs.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Steve Blank

MARCH 16, 2016

VC’s raise money from their investors (limited partners like pension funds) and then spread their risk by investing in a number of startups (called a portfolio). BTW, Angel investors do not have limited partners, and often invest for reasons other than just for financial gain (e.g., The Deal With the Devil.

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Private Equity 120

The Startup Magazine

FEBRUARY 11, 2022

Leveraging the multi-industry expertise of its limited partners to define targets, grow companies and enhance returns, Hauser Private Equity makes partnerships via control buyout funds, as well as managers of growth equity and special situations funds.

Private Equity 162

Private Equity Equity Technical Review Software Review 162

David Teten

JANUARY 23, 2021

Build the firm as much as possible before you solicit limited partners. . Your materials should ideally meet the expectations of the Institutional Limited Partners Association, even if you’re not targeting institutions. Note that limited partners view formatting as a proxy for professionalism.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

View from Seed

DECEMBER 4, 2019

The trends described above in VC performance have an upstream effect on Limited Partners which is somewhat counter-intuitive. This data seems to line up with the narrative I’m hearing on the ground. . LP Constraints. Most LPs are trying to manage some targeted asset allocation.

LP 256

LP IRR Distribution Portfolio 256

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

Both Sides of the Table

FEBRUARY 20, 2019

The Limited Partners (LPs) who back funds don’t expect their dollars to be passive. Another reason is that your C-round of capital may very well be $25–100 million and at those check sizes investors want to have an independent board at a minimum (many boards are 3–2 or even 4–1 investors to founders).

Venture Capital 236

Venture Capital Startup Angel Investor Silicon Valley 236

David Teten

MAY 16, 2017

Historically, the process of winning capital from limited partners has been opaque. LIMITED PARTNERS’ PERSPECTIVE. Origins is a podcast about Limited Partners, created by VC Notation Capital. Denis Tse: Fund Management Craftsmanship: An LP’s Food for Thought for Emerging VC General Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

This is going to be BIG.

OCTOBER 5, 2012

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. Everyone would know who they were and they could have a short form that you could apply to pitch your fund to for free? For myself, I've been lucky.

LP 97

LP Venture Capital Technical Review Nebraska 97

Growthink Blog

MAY 14, 2014

Now, funds do work to charge some of these costs back to their portfolio companies, but usually these offsets flow to the fund’s General and not its Limited Partners. All this work is necessary to do venture capital right, but is also expense and friction filled. So what to do?

Venture Capital 101

Venture Capital Disintermediation Technical Review Term Sheet 101

Steve Blank

FEBRUARY 10, 2016

If you’re a venture capitalist … you have limited partners that give you money to invest on their behalf, and you’re responsible for giving them outsize returns. Steve : And they wanted a bigger business than just a vent company. Nayeem : (Nods.)

Silicon Valley 120

Silicon Valley Ohio Columbus Entrepreneur 120

thebarefootvc

JULY 3, 2017

Limited partners (LPs), who manage the capital that gets deployed into venture capital funds, can play an important role in diversifying the funding landscape. Limited partners are pension funds, university endowments, funds of funds (who get their money from pension funds), family offices and foundations.

LP 65

LP Technical Review Silicon Valley Limited Partner 65

David Teten

AUGUST 15, 2013

Most VCs (including ff Venture Capital ) collect money from independent limited partners in order to form their fund. This is not a comprehensive list, but merely an attempt to highlight some of the most notable examples relevant for technology-enabled startups. 1) Corporate Venture Capital.

Startup 114

Startup Technical Support Venture Capital Balance Sheet 114

Steve Blank

FEBRUARY 3, 2011

Their fiduciary responsibility was to manage a portfolio of investments for their limited partners. At the end of the day VC’s have to provide their limited partners with great returns or they aren’t going to be able to raise another fund. If you succeed so do they.

San Francisco 333

San Francisco Silicon Valley Limited Partner Venture Capital 333

Both Sides of the Table

MARCH 1, 2016

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

VC Cafe

APRIL 26, 2023

Several of our limited partners are media and entertainment strategics: broadcasters, publishers, telcos etc, so content creation, distribution and monetisation has always been close to our core focus. At Remagine Ventures we started investing in the generative AI space very early back in 2019.

Generative AI 78

Generative AI Artificial Inteligence ChatGPT Israel 78

David Teten

MARCH 21, 2018

Similarly, our limited partner investors have their own due diligence standards, and we manage HOF Capital to keep in line with their standards and expectations. Ask on what KPIs each Partner is evaluated. The post Limited Partner Due Diligence on Venture Capital and Private Equity Funds appeared first on David Teten.

Due Diligence 60

Due Diligence Private Equity Limited Partner Venture Capital 60

David Teten

MARCH 21, 2018

Similarly, our limited partner investors have their own due diligence standards, and we manage HOF Capital to keep in line with their standards and expectations. Ask on what KPIs each Partner is evaluated. The post Limited Partner Due Diligence on Venture Capital and Private Equity Funds appeared first on David Teten.

Due Diligence 60

Due Diligence Private Equity Limited Partner Venture Capital 60

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

Austin Startup

JULY 15, 2019

You will work closely with Joshua Baer, Gordon Daugherty, Bryan Chambers, the Ventures Team, limited partners, external venture capitalists, lawyers, accountants and startup CEO’s to review legal agreements, perform our diligence checklist, and make sure transactions close in a timely manner.

Texas 56

Texas Technical Review Silicon Valley Venture Capital 56

David Teten

SEPTEMBER 23, 2017

A more efficient approach is to mine the data exhaust from the Limited Partner universe to identify those LPs most likely to find your fund attractive, and focus all your energy on them. Relationship Science makes it easier to understand and map social networks into potential limited partners. 2) Raise capital.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Hearpreneur

NOVEMBER 24, 2018

Her responsibilities included: strategic counseling, business modeling and deal negotiation for the various for medical startups in the portfolio and is a limited partner at NGT3 Medical Accelerator in Israel. Sablotsky continued her professional career as Vice-President of Portfolio Development for Jacobs Investments, LLC.

Founder 91

Founder Israel Miami Cofounder 91

Both Sides of the Table

MAY 15, 2011

I’ve lately been attending meetings with our shareholders (called LPs or limited partners). We didn’t realize.&# If you can get away with it, go for it. Sitting by the screen is the best excuse. I’ve learned that LPs don’t expect presentations to be done on a screen so I need to travel around with paper.

Japan 392

Japan Limited Partner Restful Hosting 392

This is going to be BIG.

FEBRUARY 23, 2016

Either way, VC funds aren't really built around creating much of an experience for their Limited Partners. Other times, they might not even let individuals participate in future funds at all. For smaller funds, I think this is a real mistake.

Limited Partner 60

Limited Partner Venture Capital Partner LP 60

David Teten

DECEMBER 3, 2019

A more efficient approach to fundraising than haphazard networking is to mine the data exhaust from the limited partner universe to identify those LPs most likely to find your fund attractive, and focus all your energy on them. Cobalt for General Partners helps GPs to optimize their fundraising strategy.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

NOVEMBER 9, 2014

This investor decided to use the fact that they got into a company that appears to be doing well to their benefit to almost fraudulently persuade limited partner investors to give them money.

SEC 352

SEC Venture Capital Early Stage Cofounder 352

Steve Blank

JULY 9, 2013

And they have a fiduciary responsibility to their own limited partners.) You may like them and they might like you, but they have a fiduciary duty to the shareholders, not the founders. That means the board is your boss, and they have an obligation to optimize results for the company.

Advisory Board 325

Advisory Board Venture Capital Angel Investor Limited Partner 325

Both Sides of the Table

MARCH 14, 2013

But through expressing points-of-view I can raise above the consciousness of my customers (entrepreneurs and limited partners who invest in VC funds) in ways that I couldn’t without breaking through the noise of the hundreds of others of VCs who also have money. Think about Luma Partners. I am a VC. I hand out money.

Campaign 389

Campaign Marketing Widget Analytics 389

Austin Startup

AUGUST 18, 2017

Limited partners, who commit capital to venture funds, have to commit for 7–13 years. This model has other problems. By far the largest is illiquidity. Once a venture investment is made, the fund will not realize a return until the company sells or IPOs. Few investors can afford to think on that time-scale.

Venture Capital 54

Venture Capital Marketing Technical Review Portfolio 54

This is going to be BIG.

MAY 4, 2015

I have a draft deck put together for a next Brooklyn Bridge Ventures fund. I pretty much hate it. Don't get me wrong--the numbers look great. That's not it. It just doesn't really get at what's really important. I wasn't sure exactly how it missed, so I went back to first principles. What *is* really important for a venture fund?

Limited Partner 60

Limited Partner Partner Deal Flow Valuation 60

Gust

MAY 7, 2014

The general partners of a venture capital fund make money… …by raising the bulk of the capital that the fund’s investable capital from “Limited Partners”, usually institutions such as university endowments, insurance companies and pension funds. This is the money that is invested into the startups.

Venture Capital 154

Venture Capital IPO Limited Partner Carried Interest 154

Growthink Blog

JUNE 28, 2010

Becoming a Limited Partner Investor in a Venture Capital or Private Equity Fund.

Private Equity 63

Private Equity Technical Review Silicon Valley Los Angeles 63

Growthink Blog

JUNE 28, 2010

Becoming a Limited Partner Investor in a Venture Capital or Private Equity Fund.

Private Equity 63

Private Equity Technical Review Silicon Valley Los Angeles 63