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 it still takes VC to scale a business (thus large capital into industry winners like Uber, Airbnb, SnapChat, etc).

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

View from Seed

OCTOBER 11, 2022

The first is that we are welcoming Stephanie Palmeri as the newest Partner at the firm. Almost all of this increase came from our existing Limited Partners, with a small portion that was made available to new LPs. We make very few investments on a per-partner basis, which is why we are quite top-heavy as a firm.

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

FEBRUARY 20, 2019

just having a sparring partner with a vested interest in your success can be useful. The Limited Partners (LPs) who back funds don’t expect their dollars to be passive. If you get a smart person on the board?—?just As per the chart above, I highly recommend keeping a founder dominated board at the seed stage.

Venture Capital 236

Venture Capital Startup Angel Investor Silicon Valley 236

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

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. Build the firm as much as possible before you solicit limited partners. . The next best move is to build your core team, e.g., recruit an Advisory Board, Venture Partners, and EIRs.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

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

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

David Teten

AUGUST 15, 2013

Most VCs (including ff Venture Capital ) collect money from independent limited partners in order to form their fund. In addition, BizSpark offers technical support, business training, and a network of over 2,000 partners to connect members with incubators, investors, advisors, government agencies, and other resources.

Startup 114

Startup Technical Support Venture Capital Balance Sheet 114

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. As an entrepreneur, you’re always fighting that external war whether that’s with partners or with investors. Nayeem : (Nods.)

Silicon Valley 120

Silicon Valley Ohio Columbus Entrepreneur 120

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

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. We’ve also become very adept at partnering with seed funds.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

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

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

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

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

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups. Cobalt for General Partners helps GPs to optimize their fundraising strategy. 1) Manage the firm

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

SEPTEMBER 23, 2017

PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Johann Kratzer of Blue Future Partners , a fund of funds, observed, “The majority of the hundreds of funds we’ve diligenced rely predominantly on their relationships to source deals. Greylock Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Of the Inc. 5000 companies, only 6.5%

Cofounder 78

Cofounder Technical Review Equity Dividend 78

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

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

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. They’re different.

Campaign 389

Campaign Marketing Widget Analytics 389

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. – Specifically if you’re in the process of joining a fund: How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm.

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. – Specifically if you’re in the process of joining a fund: How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm.

Due Diligence 60

Due Diligence Private Equity Limited Partner Venture Capital 60

Hunter Walker

SEPTEMBER 12, 2024

If you take the time to build the right relationships with the right partners, we’re all here to lift each other up. Those incentives are often misaligned with the interests of founders and limited partners. It will govern their behavior as you determine whether or not to partner, and for the years to come thereafter.

Venture Capital 79

Venture Capital Technical Review Early Stage Warrant 79

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

This is going to be BIG.

MARCH 21, 2025

I cant tell you how many times I got announced as a successful VC when I was introduced on a panel or sat across the room from a potential limited partner telling them I was. This is what I know it feels like for a lot of founders and investors alikefloating in the rarified air of extremely successful people defined by their outcomes.

Alaska 115

Alaska Limited Partner IPO Founder 115

The Next Web

MARCH 8, 2014

But at the end of the day, I’ve learned that being a partner at a successful early-stage VC firm is not quite as different from being a founder as you might think. You might have three to five partners, three to four associates and principals, and some support staff, plus an office to pay for that has to be somewhat presentable.

Partner 138

Partner Burn Rate Early Stage IPO 138

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

Both Sides of the Table

JUNE 29, 2017

A huge thank you to all of the Limited Partners who have entrusted us with your capital, time and reputations. Upfront’s Base As you probably know we are based in Santa Monica and as my partner Greg Bettinelli coined, we’re #LongLA. We’ll invest in about 15 new companies every year or just over 2 per partner.

Los Angeles 287

Los Angeles Las Vegas Venture Capital San Francisco 287

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

Both Sides of the Table

MAY 9, 2012

I was here to see one of our LPs (limited partners are the people who invest money in VC funds) called Fort Washington. They’ve been a long-term investor in our fund – GRP Partners – and it was important to me to spend time with them in their home market and meet the people with whom they deal locally. Or a Skype.

Houston 364

Houston Dallas Los Angeles Chicago 364

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Based on this paper, Blue Future Partners and PEVCTech recently completed a large-scale survey to find out which tools are most commonly used by venture capital firms.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60