Both Sides of the Table

MAY 27, 2013

Any CEO worth his or her salt knows that her investors get an insane amount of emails and often spend 8+ hours / day in meetings (board meetings, pitches, partner meetings, LP meetings, corporate relationship meetings) so often email is done on the run on one’s iPhone or in the early morning / late evening.

Advisory Board 365

Advisory Board Fractional CTO CTO Hire Los Angeles 365

Both Sides of the Table

OCTOBER 26, 2020

I called an (ex) LP to tell him about her and my goals for her. She has an amazing ethical compass with heart, compassion and drive. She’s empathetic and brings great humor to her work as well. I remember years ago trying to recruit Kara. It took me three years to persuade her to join. I promise you, he really said this out loud.)

Partner 361

Partner Management Cofounder San Francisco 361

Both Sides of the Table

JANUARY 5, 2010

If your idea is so amazing that it warrants my hard-earned angel money or the money of my LP investors from our fund then why should I take a risk on you if you won’t take a risk on yourself? But to me if you’re not willing to quit and take a risk on yourself, then you’re not confident enough in your own idea and skills. Why should I be?

Entrepreneur 293

Entrepreneur CTO Hire South America Salary 293

Both Sides of the Table

OCTOBER 12, 2014

But with the massive growth of seed funds being raised and the huge value increase of prorata rights many more LPs have stepped in to take their VC (industry term is GP) position. What would you do as an LP fund if you backed a seed-stage GP who had a position in Twitter, Pinterest, etc. Why prorata rights are being guarded by VCs.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

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. LPs See The Over-Valuations and Don’t Like It. All isn’t completely rosy in the LP views of the venture industry.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

Both Sides of the Table

MAY 20, 2018

I once had a potential LP back in 2010 (when fund-raising as a VC was harder for me) tell me that he thought he was a better fit to look at our next fund rather than this one. I had learned that this is a standard line every LP uses to have an “easy no” for VCs. He also has gone on to become one of my closer LP advisors.

LP 189

LP Software Review Europe Founder 189

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? Support emerging managers.

Venture Capital 215

Venture Capital Technical Review LP Institutional Investors 215

thebarefootvc

JULY 3, 2017

The post The LP Opportunity to Change Tech Culture appeared first on The Barefoot VC. There is much change that needs to happen in society overall before we can live in a truly meritocratic world that generates maximum financial and social returns.

LP 65

LP Technical Review Silicon Valley Limited Partner 65

Both Sides of the Table

JULY 23, 2014

At the other end of the spectrum large funds have gotten even larger in the past few years which has massively increased the amount of consolidation in our industry as 66% of LP money into venture is now concentrated in late-stage or full-cycle VCs. Why is this?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

SEPTEMBER 29, 2013

I had a chance to discuss AngelList Syndicates with Naval at Michael Kim’s Cendana LP/VC conference on a panel with Naval, Roger Ehrenberg (IA Ventures) and Mike Brown, Jr. Many of the good and great of our industry are talking about AngelList. Must be doing something right! Bowery Capital).

Syndication 356

Syndication Syndicate Cofounder Early Stage 356

Agile VC

OCTOBER 23, 2012

The VC industry (both the GP part and the LP part) pays attention to the sector’s returns, but the broader tech ecosystem only occasionally tunes in. 2) No Synthetic Alternative – If an LP can’t “buy” VC as an index, could they replicate the returns of an index some other way?

LP 176

LP Accredited Investor Carried Interest Distribution 176

David Teten

MAY 20, 2016

I’ve also made significant engineering contributions to our two other platforms, Admin (back-end portal for our data team) and Access (LP dashboard). Totem is a tool that centralizes all the data about our companies’ management, metrics, investment history, co-investors and cap table tracking.

Private Equity 113

Private Equity Equity Cap Table Venture Capital 113

YoungUpstarts

OCTOBER 23, 2017

by Joe Duncan, founder of Duncan Capital LP. Founder of Duncan Capital LP , Joe Duncan is a FinTech entrepreneur, with a strong background in Cryptocurrency and Artificial Intelligence. Fintech is triggering a profound rethink for financial institutions, from retail to investment banking. We need smarter humans than we did.”.

Technical Review 154

Technical Review Artificial Inteligence Software Review IPO 154

Both Sides of the Table

MAY 7, 2018

I figured I was wasting my time unless the LP was leaning in on my first meeting. The hardest thing is that after you’ve had a great first meeting with a VC (or LP) you expect it’s all going to start happening! Back then I literally wouldn’t travel for any meeting unless I got an introduction first. I measured twice and cut once.

LP 215

LP San Francisco Minneapolis Minnesota 215

Genuine VC

SEPTEMBER 7, 2010

Perhaps a contrarian statement in this environment: but even though there’s been a dip in fund size due to broad economic factors and LP appetite, it wouldn’t surprise me if the truly top firms raise even larger funds over the coming decade. These firms aim broadly – diverse along sector, geography, and stage lines.

Seed Stage 191

Seed Stage Belgium Differentiation LP 191

Both Sides of the Table

MARCH 6, 2017

Every LP I speak with these days tells me, “We need to have coverage in Los Angeles — we know that” and it’s no coincidence that we’ve seen the explosion in emerging managers covering the Seed and A-round investment scene in LA.

IPO 191

IPO Los Angeles South Korea Armenia 191

David Teten

JANUARY 23, 2021

For example, one LP told me she prefers customized emails from fund principals, as opposed to a bulk-mailed quarterly update. See How Emerging Venture Capital Fund Managers Should Think About Their LP Fundraising Strategies. Use online networks to more efficiently identify the right potential LPs.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

Feld Thoughts

MARCH 27, 2018

I was asked if any existed the other day by an LP, so following is a list of papers I am familiar with. The question of the efficacy of accelerators has regularly been asked over the past decade. A number of academic papers have appeared in the past few years exploring this.

LP 107

LP Incubator Venture Capital Technical Review 107

Both Sides of the Table

FEBRUARY 20, 2019

And by the D rounds you have often taken some amount of strategic money or potentially LP money and at times these groups ask for board observer seats and not full board seats. If the VCs on your board have developed good rapport and trust each other then often times one VC will trust the other to represent his or her interests.

Venture Capital 236

Venture Capital Startup Angel Investor Silicon Valley 236

Version One Ventures

JULY 24, 2019

Reporting for our investors, including writing quarterly updates and preparing LP advisory board meetings. The primary responsibility will be to help manage the day-to-day activities of the fund, including: Identifying new and interesting entrepreneurs and companies that align with our investment thesis on network effects.

Technical Review 124

Technical Review Advisory Board Due Diligence LP 124

This is going to be BIG.

OCTOBER 12, 2020

I took my last LP meeting the first week of March and clearly, I didn’t close anyone that I had met with at that time. Not everyone produces LP money with the snap of a finger—not even Alan Patricof. I spent some time updating my deck, doing some outreach and started lining up early February meetings. He seemed paranoid.

LP 146

LP Technical Review Software Review Valuation 146

Both Sides of the Table

JUNE 19, 2015

I’ve met many VCs who take fund raising meetings with lots of LPs but struggle to get traction and I believe often the problem is that first meetings are easy but the 28 steps to get each LP to closure take an insane amount of focus, effort, follow through and discipline. Opening is easier than closing.

LP 150

LP Warrant Portfolio Framework 150

Both Sides of the Table

JUNE 22, 2021

I counsel first-time VCs (as well as founders) to have mid-funnel strategies to get from first LP meeting to close and to put a disproportionate amount of time into this area (I say more about this on the podcast starting at timecode 27:41). If you do everything that every other firm does, in the same ways, why should they buy you?

LP 375

LP Southern California Los Angeles Differentiation 375

View from Seed

OCTOBER 29, 2014

The nature of LP investors can vary widely, but the bulk of the capital in the VC ecosystem comes from large institutions like pension funds, endowments of universities and hospitals, charitable foundations, insurance companies, very wealthy families (aka family offices), and corporations. Advisory Firms. Why Write About This Now?

LP 335

LP Private Equity Institutional Investors Venture Capital 335

View from Seed

JANUARY 27, 2021

As a small fund, NextView has a tight-knit LP base, many of whom have been with us from our earliest days. But we also recognize that venture capital is a tough bet as an LP -with long time horizons, lack of liquidity, and uncertain outcomes. Because of this, we are always grateful to all of our LPs for their trust.

LP 411

LP Early Stage Seed Stage Venture Capital 411

Both Sides of the Table

FEBRUARY 3, 2015

And was fortunate enough to get a reference call from an LP asking me this very question. There were many years where people questioned whether VCs should build brands. Question not. On these early signs I’m long Jason Lemkin. And I gave enthusiastic support.

LP 150

LP Israel Technical Review Deal Flow 150

Feld Thoughts

MARCH 24, 2017

As an LP, I’ve had the good fortune to be an investor in many funds, including some exceptional ones. This investment generates additional evidence that they are confident in their strategy while creating more alignment with their LPs. Needless to say, having investors that keep this balance in mind can be precious to founders.

Founder 76

Founder LP Technical Review Seed Stage 76

Hunter Walker

JANUARY 5, 2014

raising capital, building LP relationships, infrastructure and platform investments, recruiting for firm, budget/audit, evaluating overall firm strategy and performance. I’ve found that in Homebrew Year One, a large part of this for me was starting to tell our story and why I decided to leave Google/YouTube. Hey, want to grab a coffee?

Software Review 113

Software Review Balance Sheet Cofounder Technical Review 113

David Teten

SEPTEMBER 26, 2016

Fabio Mercurio, Head of Quantitative Analytics, Bloomberg LP. This is a large conference focused on quant and automated investing, big data, and High Performance Computing. We expect over 400 people. Among the speakers are: Aaron Brown, Chief Risk Officer, AQR Capital Management. Lukasz Pomorski, Ph.D.,

New York 60

New York Fractional CTO CTO LP 60

thebarefootvc

FEBRUARY 19, 2014

”, almost exactly 2 years ago to this day at Bloomberg LP’s headquarters in NYC as part of Social Media Week. I gave a talk, titled “What in the World?”, You can view the full presentation here.

India 107

India North America Ukraine Silicon Valley 107

David Teten

MAY 16, 2017

Sapphire Ventures’ Top 10 tips for pitching an LP . Trusted Insight LP Panel. Who Invests In Investors: Homebrew LP Shares VC Performance Goals, Importance of Diversity & What They Look For In New Funds. Hunterwalk.com: Homebrew’s Second Annual LP Meeting: Why We Do Them. Mahendra Ramsinghani : How LPs conduct DD.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Feld Thoughts

JUNE 5, 2018

9 Questions That Help Get You To GP/LP Fit. In it, Beezer goes through, in depth, the top questions she recommends you ask an LP to determine GP/LP fit. While an LP takes a lot of meetings, they don’t do a lot of investments. The post GP/LP Fit appeared first on Feld Thoughts.

LP 88

LP Portfolio Management Founder 88

View from Seed

AUGUST 17, 2021

I can tell a story looking backwards why our LP base was carefully constructed. But in a lot of ways, the things that made magic happen between ourselves and our LPs was driven by timing, luck, chemistry, and other factors that were hard to predict at the time.

IRR 205

IRR Dilution Founder Portfolio 205

Agile VC

OCTOBER 29, 2014

The nature of LP investors can vary widely, but the bulk of the capital in the VC ecosystem comes from large institutions like pension funds, endowments of universities and hospitals, charitable foundations, insurance companies, very wealthy families (aka family offices), and corporations. Advisory Firms.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

Both Sides of the Table

MAY 24, 2021

LPs Haven’t Yet Grokked the Long Game While the VC community realized 5ish years ago that short-termism in venture capital didn’t make sense and has capitalized on the scale advantages of letting companies go long, the LP community by and large hasn’t totally grokked this.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

David Teten

DECEMBER 3, 2019

Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. We are also seeing technology evaluation as an increasingly important part of LP operational due diligence.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

View from Seed

SEPTEMBER 23, 2020

At first glance, you’d think that all LPs pretty much want to buy the same thing. Every fund pitching an LP is pitching this as a baseline. And yet, LP’s get to “yes” in a few cases and get to “no” in most cases. In addition to thinking about the LP overall, it’s important to think about the decision-maker.

LP 309

LP Customer Early Stage Portfolio 309