David Teten

APRIL 13, 2021

It would make life a lot easier for emerging managers if they could outsource the entire fundraising process. Empirically, few small emerging investment managers hire placement agents, particularly in venture capital. There are eight main reasons why so many small emerging managers do not work with placement agents: Economics. .

Private Equity 60

Private Equity Technical Review Management LP 60

David Teten

DECEMBER 3, 2019

But, most of use raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . 1) Manage the firm . Before you can actually invest, you have to manage your fund. In the private equity universe, most Partners have primary training as deal-makers, not as managers.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

JUNE 1, 2011

Estimated 100 – 200 total entities Friends & family – basic networking. Panel 1: Creating The Right Deal Flow — Creating & Managing Sustainable, Replicable Strategies. Zubin Avari, Charter Oak Equity LP Christopher A. Much of this is done for quarterly earnings management reasons.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

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.

LP 335

LP Private Equity Institutional Investors Venture Capital 335

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

Eric Friedman

DECEMBER 27, 2021

Bullish in this space since 2015 I see the air cover in place for institutions and private wealth managers to now take the plunge. Operating as a sort of fund-of-funds model there is an economy of scale program for figuring out the GP/LP structure, working out the services providers like legal, audit, and tax handling. 9/ Hubs vs.

Balance Sheet 97

Balance Sheet Stock Private Equity Option Pool 97

David Teten

JANUARY 21, 2021

In addition to a fund, the overall Capacity organization provides direct mentorship, consulting and connects founders to a broad network of talent, diverse forms of capital, and existing resources focused on the post-startup stage of growth. I wanted [a term for] something similar (between debt and equity) but on an extremely small scale.”.

Equity 78

Equity Revenue Cofounder Colorado 78

David Teten

SEPTEMBER 23, 2017

A major angel group used Influitive , an advocate management tool, to track, activate and motivate their members. The historic capital-raising process is driven by face-to-face networking and salesmanship. Some funds are using intermediaries to help them sell to retail LPs ( Artivest , iCapital Network ). Pitchbot.vc

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

JANUARY 19, 2021

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. Too often, investment structures force the management team to make decisions between misaligned growth and investment (return) objectives. Early liquidity.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Lisa Edgar, Managing Director at fund of funds Top Tier Capital Partners , observed: “It’s not surprising that venture capitalists are using software to help manage their business.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). It is not our money, and we have a fiduciary responsibility to manage it properly and generate the returns our LPs expect of us.

LP 78

LP Private Equity Due Diligence Venture Capital 78

Both Sides of the Table

JUNE 8, 2014

To interconnect these computers we needed IP-based telecommunications equipment build by the likes of Cisco Systems and Juniper Networks. And when you think about the three C’s you begin to realize that the first two of these activities are ones where the economic powerhouse networks are driven in cities outside of Silicon Valley.

Silicon Valley 390

Silicon Valley Kansas City Startup Los Angeles 390

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). It is not our money, and we have a fiduciary responsibility to manage it properly and generate the returns our LPs expect of us.

LP 60

LP Private Equity Due Diligence Venture Capital 60

Both Sides of the Table

SEPTEMBER 14, 2016

I recently read a blog post by Beezer Clarkson, Managing Director of Sapphire Ventures about why entrepreneurs should care about from whom their VC funds raise their capital. We have many LPs who come from industry and this is truly a value-add in a LP/VC relationship 3. Beezer did.

LP 150

LP Entrepreneur United States Venture Capital 150

Both Sides of the Table

FEBRUARY 6, 2019

If you get into the best deals it has never been a better time to be a VC or LP, and the best have developed strategies to capture more value Given that the best deals are pushing out their exit dates it means that many firms aren’t seeing as quick of liquidity as they might have 20 years ago. And this is about to grow even faster.”

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

Version One Ventures

JULY 31, 2018

Since 2012, we have made over 40 investments and have been busy building our fund, expanding and deepening our network, and most gratifyingly, working with our portfolio companies in their pursuit to transform their industries and the world. So, we are excited to announce that we’re looking to augment our team. What are we looking for?

Hiring 166

Hiring San Francisco Advisory Board Due Diligence 166

Hunter Walker

MAY 22, 2024

2023 Lisa Cawley joins Screendoor as our founding Managing Director. All three have significant experience backing venture firms from previous LP positions. Our strategy is to support the best new venture firms led by managing partners where their identity, their background, and their networks inform their strategies.

LP 109

LP Venture Capital Hiring Partner 109

firstround.com

SEPTEMBER 10, 2013

Management and Company Building. -->. I knew the CTO position would require more responsibility, but did that have to mean long board meetings and management bureaucracy? And the corollary is that, if something doesn’t feel right, including hiring, managing, negotiating, or making decisions, listen to your senses.

CTO Hire 52

CTO Hire Engineer Software Review Part-Time VPE 52

Agile VC

JULY 19, 2012

Back in the 2000-2001 timeframe, a flood of LP capital was coming into the VC asset class given the strong returns of the mid-late 90s tech boom/bubble. Though there might have been short term benefits to continuing to manage this fund, the long-run success of CRV would be hurt by doing so ( there’s an HBR case on this ).

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

This is going to be BIG.

JUNE 20, 2024

That’s fine, because that’s just not the case for most managers, so there’s no real harm in not having it. Generally speaking, I think it’s easier to answer the question, “Is this manager going to be sought after to fund the best opportunities in X space/geo/etc?” Spinning out of a successful fund of a similar size? Not the case?

Deal Flow 147

Deal Flow Syndicate Syndication Cap Table 147

This is going to be BIG.

SEPTEMBER 19, 2012

That product isn't money--it's their time, attention, sound advice and network. I've placed nearly thirty developers, designers, product managers and business development professionals at startups in the last two plus years--and helped plenty of local students 'undeclare" themselves accounting majors.

LP 112

LP New York City New York Chad 112

Hunter Walker

SEPTEMBER 9, 2024

The majority of established venture firms are evolving into large asset managers, and this creates space + opportunity for all sorts of new strategies, the best of which will absolutely outperform, on a multiple basis, the entrenched. Some investors get pulled into different games, perhaps unknowingly, through their career as a manager.

Venture Capital 103

Venture Capital LP Cofounder Early Stage 103

This is going to be BIG.

MARCH 14, 2019

If you’re not actually modeling this out with a spreadsheet, I don’t know how you can look an LP in the face and say this. I ask the same of new managers. Because I had previously met Jack Dorsey through the Union Square Ventures network, in 2009 I was able to grab coffee with him before he launched Square.

LP 99

LP Due Diligence Distribution Portfolio 99

Both Sides of the Table

FEBRUARY 24, 2019

you can build that with your personal peer network. While it’s true that they are investing LP money from a fund, it’s also true that the VCs are required to write large checks into their funds so every time they do a “capital call” (request money from an LP to fund you) they are also having to wire their own money into the deal.

Warrant 187

Warrant LP Cofounder Founder 187

VC Cafe

JULY 6, 2010

Taykey offers an Interest-based advertising platform for publishers, ad-networks, and creative agencies that integrates the current advertising platforms, delivers targeted ads, and creates campaigns. FIE Investment Management LLP;Forum International Equity Fund Ltd. -. 27/05/2010 - Multiphy Networks Ltd. TASE:MARV) 20.81.

Israel 98

Israel Private Equity Venture Capital Equity 98

VC Cafe

JULY 6, 2010

Taykey offers an Interest-based advertising platform for publishers, ad-networks, and creative agencies that integrates the current advertising platforms, delivers targeted ads, and creates campaigns. FIE Investment Management LLP;Forum International Equity Fund Ltd. -. 27/05/2010 - Multiphy Networks Ltd. TASE:MARV) 20.81.

Israel 98

Israel Private Equity Venture Capital Equity 98

Version One Ventures

JANUARY 31, 2024

As one fellow VC said to me, “Raising a fund for an emerging manager in 2024 might be one of the hardest things you can do”. The first is the fund that you would ideally raise if LP capital was not a constraining factor. In this market, emerging managers should be more focused on the minimum viable fund rather than their ideal fund.

LP 72

LP Differentiation Deal Flow India 72

VC Cafe

FEBRUARY 1, 2011

This year’s conference will feature keynote speakers Johannes Huth (Managing Director & Head of Europe – Kohlberg Kravis Roberts & Co.) Time: 8am- 6pm, with networking drinks reception following. Panels : Value Creation – Driving LP returns through operational excellence.

Private Equity 79

Private Equity Equity LP Limited Partner 79

Both Sides of the Table

MARCH 30, 2016

If you want to see what was on my mind – I started foreshadowing change publicly in October 2015 with a forecast of what I expected in 2016 VC funding markets at a presentation I gave at the annual Cendana VC/LP conference hosted by Michael Kim.

Balance Sheet 150

Balance Sheet Burn Rate Valuation Forecast 150

VC Cafe

APRIL 9, 2010

Multiphy Networks Ltd. NGN Capital; Peregrine Ventures Buyer Funds: NGN BioMed Opportunity II LP. cVidya Networks Inc. Battery Ventures; Carmel Ventures; Hyperion Israel Venture Partners; StageOne Ventures; Star Ventures Management GmbH. TASE:IBI); Ion Asset Management; Menorah Mivtachim Holdings Ltd., Feb-21-2010.

Israel 68

Israel Venture Capital LLC LP 68

Babbling VC

NOVEMBER 7, 2011

If you need to live month to month from the salary you make via your management fee, you're screwed. International network: even if you are focused on one region, your network has to be global and extensive enough that you can be a channel for M&A. Finally, you need a management expert. Some people hate it.

LP 66

LP Salary Partner Portfolio 66

Both Sides of the Table

SEPTEMBER 22, 2012

Growing too slowly is particularly dangerous in a business with network effects, which the best startups usually have to some degree.” Instant growth = huge valuation from follow-on investors = big VC mark-up on our quarterly reports = LP interest. It’s not merely that you need a scalable idea to grow. Grow or die.

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

Haystack

MAY 5, 2018

You are your own LP and GP. The creator and manager of the special purpose vehicle (SPV) can earn “deal by deal” carry on each deal versus waiting for the pool to return the principal. The Catch: SPVs traditionally required more management and legal fees to start and maintain; they still exist but can be lowered.

Salary 76

Salary LP Portfolio Venture Capital 76

The Equity Kicker

JULY 8, 2019

The most common strategies are to provide networking services and content to portfolio leaders so they can be more effective in their jobs. . This is what brings us to the second big difference: the cost of Applied Venture is too large to finance from a standard VC management fee. . Building platforms. And what’s holding it back?

Portfolio 84

Portfolio LP Venture Capital Partner 84

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.”. Sometimes we’ll reach out to individual angels, not just funds and family offices.

Syndication 60

Syndication Syndicate Institutional Investors LP 60

Hunter Walker

MAY 18, 2015

These managers sit in our Privates bucket and are therefore expected to beat the public markets by at least 4.5%. Removing a fund from the portfolio can be for a variety of reasons – strategy shift, team dynamic, assets under management, performance, etc. We probably meet with twenty venture managers a year.

LP 48

LP Portfolio Early Stage Institutional Investors 48

Feld Thoughts

FEBRUARY 6, 2016

This comes on the heals of Upfront managing director Mark Suster’s great post titled Embracing Your Community as a Strategy which I encourage you to read as it is magnificent. He immediately programmed me into the content for Wednesday (LP/GP day) and Thursday ( entrepreneur day ). I have a long relationship with LA.

Community 70

Community Los Angeles Dallas Philadelphia 70