Liquidation Preference Partner Revenue 
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., If so, how is the revenue measured?
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. In bad markets, they can be wiped out by recaps and liquidation preferences unless they save enough reserves to protect their positions.
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Life Beyond Code
SEPTEMBER 27, 2011
One Million by One Million is a global initiative that aims to nurture a million entrepreneurs reach a million dollars each in annual revenue and beyond by 2020, thereby creating a trillion dollars in global GDP and ten million jobs. 1M/1M Program has a bold mission. This is where numerous ventures fail.
Both Sides of the Table
NOVEMBER 4, 2009
BTW, this ignores liquidation preferences which actually mean you’ll earn less. So when the Stanford MBA, the ex senior technology developer or the former Chief Revenue Officer of a company is calling me and asking my advice on their next gig you can see why I start with “are you ready to earn or to learn?&#.
abovethecrowd.com
FEBRUARY 24, 2015
As a result, a “late-stage” financing is no longer reserved for high-revenue, pre-profitability companies getting ready for an IPO; it is simply any large round of financing done at a high price. You must subtract it from your top-line revenue. You should not pay a net revenue multiple for a gross revenue disclosure.
K9 Ventures
JUNE 5, 2015
As the check size increases, investors tend to look for more traction, established revenue models, proven unit-economics, and other metrics that were previously associated with later stage companies. Moving up stream is a natural evolution of a venture fund, especially as you get more money and more partners. Implications for Founders.
Both Sides of the Table
DECEMBER 11, 2022
We had nascent revenues, ridiculous cost structures and unrealistic valuations. I had realized that I didn’t have it within me to be as good of a player as many of them did but I had the skills to help as mentor, coach, friend, sparing partner and patient capital provider. Until we weren’t. Nobody cared about our valuations any more.
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