Both Sides of the Table

DECEMBER 7, 2014

We were talking about raising money from LPs. He was lamenting how much he hated LP meetings and how little he wanted to interact with LPs going forward. As an insider I can tell you that a large portion of VCs don’t like interacting with LPs – they view it as a “necessary evil” of the business.

Software Review 341

Software Review Customer Technical Review LP 341

VC Cafe

SEPTEMBER 5, 2024

Example: Emerging managers handle everything from deal sourcing to LP communications to social media in-house. For LPs, it seems, there is perceived safety in numbers: mega funds. For founders, emerging managers can be ideal partners who truly understand the challenges of building something from scratch.

Management 104

Management Technical Review Venture Capital Generative AI 104

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). OK, so you’ve found your target LPs who invest in funds at your stage.

LP 375

LP Southern California Los Angeles Differentiation 375

Both Sides of the Table

MAY 7, 2018

Next up you need to now find which partners in which firms have led deals that look like yours. Investment professionals tend to fall into the following categories: Not an investment partner. Partner on the way out. Super busy partner. This can be somebody on 15 boards or maybe the managing partner. New partner.

LP 215

LP San Francisco Minneapolis Minnesota 215

View from Seed

JANUARY 27, 2021

We believe that this fund is the perfect size for us to be the best possible partners to early-stage entrepreneurs today. My partners and I feel lucky to have been able to practice the craft of early-stage investing during these years of tremendous growth and opportunity. We will never take it for granted.

LP 411

LP Early Stage Seed Stage Venture Capital 411

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Partners leave the industry. Here’s my take: 1.

LP 311

LP Technical Review Early Stage Silicon Valley 311

David Teten

MAY 16, 2017

Historically, the process of winning capital from limited partners has been opaque. LIMITED PARTNERS’ PERSPECTIVE. Chris Douvos is one of the very few LPs who blogs, at SuperLP.com. Origins is a podcast about Limited Partners, created by VC Notation Capital. Sapphire Ventures’ Top 10 tips for pitching an LP .

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Both Sides of the Table

MARCH 24, 2014

Not just the $20 million round at Invoca, the $70 million I helped us raise at Maker Studios , but I was intimately involved with the earliest funding round at DataSift and every subsequent round which has recently announced $42 million led by Insight Venture Partners and $70 million in total. The monkey on my back.

Los Angeles 387

Los Angeles Intellectual Property LP Venture Capital 387

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. Most of us want one spouse and we’re done. The 11 Steps of Investing in Private Companies. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

APRIL 13, 2021

Thus, many LPs have outsourced their investment management processes to professional investment consultants (ICs). Here lies the two degrees of separation: the agent must get to the IC, who in turn must get to the LP. Limited partner checklist for evaluating funds. Positions your fund as just one option on the menu. .

Private Equity 60

Private Equity Technical Review Management LP 60

David Teten

SEPTEMBER 26, 2016

Fabio Mercurio, Head of Quantitative Analytics, Bloomberg LP. Karl Sprules, Partner & CTO, AllianceBernstein. Katina Stefanova, Founding Partner & CIO, Marto Capital. 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

Both Sides of the Table

MAY 27, 2013

Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. That role as sparring partner can be useful if for nothing else than to test your resolve. What Rob wrote in his post is right. Sometimes we fight.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

Feld Thoughts

MARCH 24, 2017

Lindel joined Foundry Group as a partner to lead the fund investing activity of Foundry Group Next. We’ve had the opportunity to work with Founder Collective’s partners – David Frankel, Eric Paley, and Micah Rosenbloom – over the years on several companies. It starts with the people.

Founder 75

Founder LP Technical Review Seed Stage 75

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. You want someone who will challenge you and be an intellectual sparring partner.

IRR 205

IRR Dilution Founder Portfolio 205

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

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. You want someone who will challenge you and be an intellectual sparring partner.

IRR 156

IRR Dilution Founder Portfolio 156

Hunter Walker

MAY 22, 2024

2024 Lisa hires two more partners into Screendoor – Layne Johnson and Jamie Rhode. All three have significant experience backing venture firms from previous LP positions. And if you’re an LP who would like to learn more as we expand our efforts, we welcome you to share your info so we can chat! Get out there and win.

LP 80

LP Venture Capital Hiring Partner 80

Hunter Walker

SEPTEMBER 9, 2024

And it’s often to the detriment of everyone involved, but especially to the detriment of founders and LPs. I’ve been a personal LP in every one of Ryan’s funds and part of what has always impressed me is his understanding of these tradeoffs in strategies and incentives.] Others won’t.

Venture Capital 91

Venture Capital LP Cofounder Early Stage 91

Hunter Walker

SEPTEMBER 17, 2024

Ethan Kurzweil /early stage investor, new firm TBA] [hunter: When Ethan first joined his previous firm Bessemer Partners, he told me it would just be a few year stint before a startup. Finding the approach that works for the partners—and can sustain you through all the ups and downs—is what matters.

Venture Capital 87

Venture Capital LP Cap Table Portfolio 87

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. You want someone who will challenge you and be an intellectual sparring partner.

IRR 136

IRR Dilution Founder Portfolio 136

View from Seed

OCTOBER 29, 2014

This post was originally published on the personal blog of NextView founding partner Lee Hower. Most of the dollars a VC firm invests come from outside limited partner investors (LPs). Advisory can mean a great many things in the VC LP world — there are lots of flavors of “advisory” firms.

LP 335

LP Private Equity Institutional Investors Venture Capital 335

David Teten

JANUARY 21, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. The founders, LPs, and venture partners have a long history in local startup ecosystems in the Southeast including LaunchTN , The Company Lab , CoStarters , and several other regional funds and resources. 20% initial ownership.

Equity 78

Equity Revenue Cofounder Colorado 78

Feld Thoughts

MARCH 14, 2023

Yesterday, Aaron Gershenberg, a long-time friend and LP of ours from SVB Capital, emailed an introduction to Naveed Lalani, Founder & CEO of Pioneer Mind. Foundry is supporting it as a firm, and I’m supporting it personally along with my partner Jaclyn Hester. He’s announcing the first supporters tonight.

Founder 168

Founder Silicon Valley LP Portfolio 168

The Equity Kicker

MARCH 19, 2012

The LP Update Meeting. I’m just back from our semi-annual update to the LPs in one of our funds, and I thought I would share the experience with you all. As a reminder, LPs, or limited partners, are the investors in venture capital funds. It was published last Thursday.

LP 97

LP Europe Portfolio Private Equity 97

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

Hunter Walker

APRIL 27, 2014

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. I wrote about the two we lost last year to firms that have been around longer and proud to say that since that time, we’ve been able to beat out and/or partner with many great funds.

LP 98

LP Cofounder Term Sheet Valuation 98

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? He and his partner told me about this new idea over the course of nearly a year. I run the recruiting process for my VC firm, GRP Partners.

Entrepreneur 293

Entrepreneur CTO Hire South America Salary 293

Both Sides of the Table

OCTOBER 12, 2014

Why prorata rights are now sought out by LPs. 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. What would you do as an LP fund if you backed a seed-stage GP who had a position in Twitter, Pinterest, etc.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Both Sides of the Table

FEBRUARY 18, 2017

Recently the firms two founding partners (and also Managing Partners) —  Fred Wilson and Brad Burnham  — decided to transition management of the firm to Andy Weissman (who joined in 2012) and Albert Wenger (joined in 2008 and writes one of the most thoughtful blogs in our industry ). Maybe that’s USV, too.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

This is going to be BIG.

JUNE 20, 2024

On the other hand, I feel things are a lot more predictable on the fund side—and that getting limited partners for your fund or syndicate is a lot more grounded in something that resembles logic. Some investors do that through the use of syndicates—which is why I’m super psyched to be working with Sydecar on a VC coaching giveaway.

Deal Flow 147

Deal Flow Syndicate Syndication Cap Table 147

Agile VC

OCTOBER 29, 2014

Most of the dollars a VC firm invests come from outside limited partner investors (LPs). The actual partners of a VC firm (GPs) will typically invest a minimum of 1% of the total size of their fund,* though frequently this percentage is substantially higher (especially in many of the best funds). Advisory Firms.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

Both Sides of the Table

SEPTEMBER 14, 2016

We capped our fund size so that we would stay true to our investment strategy in terms of size, scope and number of partners as we stood in 2014 when we raised the fund. She has formerly worked at a VC fund (DFJ) and worked closely with the partners and the network at DFJ and knew what it was like to build, manage and evolve a VC partnership.

LP 150

LP Entrepreneur United States Venture Capital 150

Hunter Walker

SEPTEMBER 11, 2024

Called “LPs” or Limited Partners. In exchange for managing LP money, a VC firm will get up to 20% of the amount raised as a management fee (even if every startup they fund fails) and on top of that, will earn 20% of any profits. A VC firm’s fiduciary responsibility is to their LP. All money is green.

Venture Capital 67

Venture Capital LP Limited Partner Green 67

View from Seed

OCTOBER 11, 2022

I made over a dozen angel investments and a few investments in VC funds as an LP, expanding my focus to new geographies, sectors, and stages. I became certified as a professional coach through the Hudson Institute of Coaching to be a more mindful and effective partner on a founder’s journey.

North America 156

North America San Francisco Cap Table Cofounder 156

VC Cafe

APRIL 29, 2020

As Bloomberg’s report states, just because you CAN apply, doesn’t mean you SHOULD. Prominent US VCs advised startups not to apply for SBA loans. “ UK – Future Fund, a £500 million match funding for high-growth companies.

Israel 124

Israel SBA Technical Review Startup 124

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% return cap.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

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. They’re too busy awkwardly trying to explain their overdue search for a new “diverse” partner and why it took until 2020 to realize that a fund full of white people was a problem. He seemed paranoid.

LP 147

LP Technical Review Software Review Valuation 147