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 VI is our latest core fund and is $400 million to invest in early stage entrepreneurs. This brings our combined funds under management to nearly $2 billion. So what does one actually do with $400,000,000?

Los Angeles 287

Los Angeles Las Vegas Venture Capital San Francisco 287

David Teten

SEPTEMBER 6, 2015

Protecting one’s reputation is incredibly important for any investor, whether independent or corporate. The alternative model is to set up a dedicated venture fund and even supplement it with outside limited partners. This sector has come a long way and matured a lot. . The long-term view cannot be emphasized enough.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Growthink Blog

MAY 23, 2011

The angel then introduces the entrepreneur to his or her wealthy friends and business connections who, based on the good reputation of the referring angel, also invest. At the end of the period, all profits and proceeds are distributed to the various partners on a pre-determined split.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

This is going to be BIG.

JULY 8, 2013

When you''re out on the road pitching, and getting people to believe in you, you feel a deep sense of responsibility to your limited partners--and there isn''t a day when you don''t wonder why you didn''t just take some easy corporate job where no one would notice if you weren''t working productively. 9) Sometimes, it''s just luck.

Venture Capital 167

Venture Capital Early Stage Portfolio Private Equity 167

David Teten

AUGUST 18, 2017

In descending order of importance, they are: Reputation. Specifically, the content for the 7 layers are: Reputation. Jeff Bezos said, “A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.” And what content should go in which place? Email templates.

Due Diligence 60

Due Diligence Marketing Social Media Reputation 60

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. LIMITED PARTNERS (LPS). They use the reputation of the other investors as a proxy for due diligence.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

This is going to be BIG.

JUNE 10, 2016

Reference calls to potential limited partners seemingly have no upside to founders. Many founders realize the hard way that reputations of many "top" VCs are little more than smoke and mirrors. Less than a year in, both had disappeared from board participation entirely, letting the other VC firm in the deal take the reigns.

Cap Table 60

Cap Table Limited Partner LP Reputation 60

Rob Go

JULY 17, 2014

2) Is your reputation in the market such that great people will want to work with you? On #2, we have been fortunate to collaborate with a wide group of exceptional entrepreneurs, coinvestors, and limited partners. For a seed stage venture capital firm, product/market fit comes down to two questions.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

David Teten

JULY 12, 2017

GPs strategically invite trusted [Limited Partners and others] to co-invest, often based on the LP’s ability to add value or when the amount of capital required to complete an attractive transaction is larger than they are able to invest alone.”. 2) Investors with very specific value-add. Economic benefit.

Syndication 60

Syndication Syndicate Institutional Investors LP 60

David Teten

MARCH 2, 2013

Second, credibility (fund reputation) is a huge confound. It shows that, generally speaking, larger funds do better, but we can’t define “large” any more than we can formally define “small.” Therefore, the claim won’t extrapolate to any specific brackets.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

David Teten

APRIL 30, 2018

While fundraising of US VCs has dropped slowly as a percentage of global limited partner allocations over the last decade, non-US startups are receiving a more rapidly increasing percentage of that money. Fortunately, virtually all of these local VCs want to coinvest with reputable US VCs. . Source: NVCA, Pitchbook.

United States 60

United States Silicon Valley Canada Offshore 60

David Teten

APRIL 30, 2018

While fundraising of US VCs has dropped slowly as a percentage of global limited partner allocations over the last decade, non-US startups are receiving a more rapidly increasing percentage of that money. Fortunately, virtually all of these local VCs want to coinvest with reputable US VCs. . Source: NVCA, Pitchbook.

United States 60

United States Silicon Valley Canada Offshore 60

K9 Ventures

NOVEMBER 30, 2008

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. In return for the operational role the GPs play, their firm receives a Management Fee.

IRR 48

IRR Venture Capital LP Early Stage 48

Venture Chronicles

JULY 16, 2010

This is definitely on the upswing and reflects the issues that funds are having with their limited partner investors. Regulatory paperwork is prepared and the investment is prepared for presentation to the limited partners for funding. The second scenario is the pulled term sheet. It’s the nuclear scenario.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 28

Both Sides of the Table

MARCH 1, 2010

But when I’m looking to invest the dollars that my Limited Partners have entrusted my firm with I’m going with my view. Let me outline the contra viewpoint, which is never expressed openly, but it what I believe gives our industry a bad reputation. I’m happy for others to disagree. So what is the “entrepreneur thesis?”

Entrepreneur 321

Entrepreneur Warrant Silicon Valley Early Stage 321