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

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). VCs are at the forefront of technological disruption, funding many of the latest cutting edge productivity tools. But what tools are they using themselves to automate their own processes?

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Both Sides of the Table

JULY 23, 2014

Limited Partners or LPs (the people who invest into VC funds) have taken notice as 2014 is by all accounts the busiest year for LPs since the Great Recession began. But the biggest changes in our industry have been driven by technical changes themselves to which we are just observers and fortunate beneficiaries.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

David Teten

SEPTEMBER 23, 2017

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. According to Knowledge.VC , under 5% of US VCs have a full-time team member focused on technology. . But we’re doing it slowly.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

JANUARY 11, 2020

What tech stack should a microinfluencer use? Many investors including me spend most of our day doing the same things people have always done in our job: in my case, due diligence, deal execution, etc. They’re taking a $1m check from me, or giving $5m to me as a limited partner. Tech stack.

Social Media 60

Social Media Technical Review Media Private Equity 60

Hunter Walker

SEPTEMBER 12, 2024

One key point I’d like to highlight is that venture scale doesn’t always mean technology startup. There’s a saying, “the riches are in the niches,” and I believe this holds true — especially outside of pure technology plays.

Venture Capital 66

Venture Capital Technical Review Early Stage Warrant 66

David Teten

AUGUST 19, 2019

Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. Investment Criteria: B2B SaaS or tech-enabled services with proven, recurring contracts.

Revenue 60

Revenue Technical Review Software Review Equity 60

David Teten

JANUARY 19, 2021

Our categorization is not a technical one. As two fund managers employing Flexible VC, we think it is a healthy addition to the ecosystem and will yield more predictable and stable healthy returns for investors. Additionally, Flexible VC can accommodate all types of companies, not just asset-lite, tech-enabled companies.”.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

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. Also, because the entire industry has changed because it is cheaper to start a tech company these days – there are simply way more angel rounds. Why prorata rights are becoming a bigger deal to angels.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

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 trends described above in VC performance have an upstream effect on Limited Partners which is somewhat counter-intuitive. Most LPs are trying to manage some targeted asset allocation.

LP 256

LP IRR Distribution Portfolio 256

David Teten

JULY 25, 2017

We have lower AUM, therefore lower management fees. For each of these, there is a human element (non-scaleable) and the possibility of a tech layer (which any one VC will only have implemented to varying extents). I’m very interested in additional ways to use technology to extend each of these! – OKRs for CEOs.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Growthink Blog

MAY 14, 2014

The result has been a “regression to the mean” - with alpha performance by fund managers being driven as much by randomness and luck (as it has been with public market mutual funds for decades) as by coherent design. Little discussed in most venture fund models are the high costs of deal sourcing, diligence, and oversight.

Venture Capital 101

Venture Capital Disintermediation Technical Review Term Sheet 101

This is going to be BIG.

MAY 12, 2014

management fee. It''s only a little bit of a performance drag, though, because management fees act like a loan. You charge your limited partners this, but you have to pay it back before you start taking a cut of the profits. I send out my own term sheets and review docs myself--especially since I''m in sydicated rounds.

Investment Bankers 167

Investment Bankers Term Sheet Venture Capital Technical Review 167

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. But both seed investors and LPs alike agree that as long as these programs are managed sensibly, their existence is useful.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

David Teten

AUGUST 19, 2019

John Borchers, Co-founder and Managing Partner of Decathlon Capital, claims to be the largest revenue-based financing investor in the US. Feenix Venture Partners has a unique investment model that couples investment capital with payment processing services. He said, . “[W]e of founders raise VC; the other 99.4%

Revenue 60

Revenue Term Sheet Founder Technical Review 60

David Teten

JANUARY 9, 2018

A friend of mine interviewed for a job with massively successful hedge fund manager Steven A. a “Bitcoin Fund”, a “Social Media Fund”, a “Nanotech Fund”), you’re going to raise capital from Limited Partners who are very focused on Theme X. Amar Bhide, my former professor, wrote in Harvard Business Review, “ Strategy is Bunk.”

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

David Teten

JANUARY 9, 2018

A friend of mine interviewed for a job with massively successful hedge fund manager Steven A. a “Bitcoin Fund”, a “Social Media Fund”, a “Nanotech Fund”), you’re going to raise capital from Limited Partners who are very focused on Theme X. Amar Bhide, my former professor, wrote in Harvard Business Review, “ Strategy is Bunk.”

Venture Capital 60

Venture Capital Private Equity Silicon Valley Differentiation 60

This is going to be BIG.

OCTOBER 5, 2012

They didn't care about you when you needed commercial credit, but now--now they want to manage your money. The problem is that there are fantastic opportunities out there with completely trustworthy managers. You've never dealt with these expensive suit Wall Street types and don't want to. Welcome to family office investing.

LP 97

LP Venture Capital Technical Review Nebraska 97

David Teten

SEPTEMBER 6, 2015

Previously she was Co-Founder and CEO of SNAZZ, a cloud-based event management platform. Access to the corporate investor’s ecosystem can open up great opportunities from technology validation to customer and partner development. It can help develop applications for the startup’s technology in its early days.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Growthink Blog

JUNE 28, 2010

Famed technology investors like Vinod Khosla and Ron Conway have taken this approach, with personal investment positions in literally dozens (if not more) of companies. Becoming a Limited Partner Investor in a Venture Capital or Private Equity Fund. Building a Portfolio One Company At A Time. Joining an Angel Group.

Private Equity 63

Private Equity Technical Review Silicon Valley Los Angeles 63

Growthink Blog

JUNE 28, 2010

Famed technology investors like Vinod Khosla and Ron Conway have taken this approach, with personal investment positions in literally dozens (if not more) of companies. Becoming a Limited Partner Investor in a Venture Capital or Private Equity Fund. Building a Portfolio One Company At A Time. Joining an Angel Group.

Private Equity 63

Private Equity Technical Review Silicon Valley Los Angeles 63

Both Sides of the Table

APRIL 2, 2010

It in not uncommon to see a VC talk about “total assets under management&# as in “We have $1.5 billion under management.&# I don’t really understand why VCs do this since it’s mostly a meaningless number. What is total assets under management? - So VCs often raise money every 3-5 years if they can.

Venture Capital 269

Venture Capital Balance Sheet Early Stage Software Review 269

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. These mutual funds “mark-to-market” every day, and fund managers are compensated periodically on this performance.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

VC Adventure

OCTOBER 14, 2020

We’ve kept ourselves intentionally small as a firm so can keep our close connection with our portfolio founders from due diligence, to investment, and throughout the lifecycle of our investments. Foundry Group is a venture capital firm that invests in early-stage technology companies and venture fund managers.

Networking 99

Networking Technical Review Hiring North America 99

David Teten

MARCH 14, 2018

Managers of VC funds typically want to grow their business aggressively, just like the founders we back. But, we normally have a clear ceiling on how high we can grow AUM, before hitting practical limits to deploying capital within the traditional VC model. . – Hire more non-Partner staff.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Both Sides of the Table

SEPTEMBER 23, 2010

They’re not in search of price fixing or collusion, they’re in search of diligence information about the company. Typical questions: What do you think of management? That was an important part of our “social proof&# that we had built interesting technology. People call each other. People call their friends.

Entrepreneur 292

Entrepreneur Technical Review Valuation Stealth 292

www.xconomy.com

JUNE 9, 2012

Tech Channels ▾ Cleantech ›. Innovation Report Shows San Diego Added 695 Tech Jobs at End of 2011. San Diego’s Free EvoNexus Tech Incubator Gains Qualcomm Expertise. Managing Director, Enterprise Partners. XSITE 2012: The Xconomy Summit on Innovation, Technology & Entrepreneurship. Health IT ›.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Both Sides of the Table

JANUARY 16, 2012

And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). I get approached about clean tech or biotech periodically – I don’t focus on these. People who manage processes make more sales. Right for my stage? Focused on my industry? (I

Developer 366

Developer Silicon Valley PR Las Vegas 366

David Teten

AUGUST 1, 2017

So I put together some notes on how to due diligence a management team, from the point of view of a prospective colleague. Brad’s colleague Linkel Eakman, a prominent limited partner, published his guide: A Human User Interface….with MANAGEMENT DOMAINS. The whole process feels a lot like dating for marriage.

Technical Review 60

Technical Review Due Diligence Management Cofounder 60