David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . See my summary on how lead investors think about building out their syndicate. . 9) Accelerate portfolio company value. 5) Manage deal flow. 6) Due diligence.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . See my summary on how lead investors think about building out their syndicate. . 9) Accelerate portfolio company value. 5) Manage deal flow. 6) Due diligence.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

Both Sides of the Table

JUNE 18, 2015

.” I have been spending a lot more time with existing portfolio companies as they all are trying to “ level up.” I spend more time an executive recruiting of key talent for portfolio companies in which I’ve invested and more time in product reviews. I can’t do every deal. So I choose to do less, more.

Software Review 150

Software Review Turkey Portfolio Syndicate 150

Agile VC

DECEMBER 13, 2011

My partners and I would be thrilled to support this founder in general, but we don’t have enough conviction about the market opportunity he and his co-founders are pursuing to proceed with an investment. I’ve always respected Bessemer for publishing their “ Anti-Portfolio ” on their website. Previous Entries.

Seed Stage 185

Seed Stage Silicon Valley Cofounder Technical Review 185

David Teten

JULY 12, 2017

When I meet with other VCs, family offices, and other institutional investors, the most common question I get is: “What are the highest-potential companies in your portfolio which are raising now?” We see our potential coinvestors in four primary buckets: 1) HOF Capital ’s own limited partners. Fundraising is burdensome.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

VC Cafe

JANUARY 24, 2021

Disclaimer: we have three portfolio companies in the consumer mobile space, still in stealth). In a world without cookies, we’ll see smart alternatives to targeting that avoid cookies altogether: contextual targeting, time-based targeting, and using syndicated and custom audiences, according to the 2021 media trends and predictions by Kantar.

Technical Review 207

Technical Review Audio Forecast Social Media 207

Agile VC

JANUARY 4, 2012

Today one of our portfolio companies, GrabCAD, announced it’s Series A funding led by Matrix. All of us at NextView are psyched to support the company into it’s next phases of growth along with the rest of the investor syndicate. My partner @ LeeHower looks back: [link] 5 days ago Search. January 4, 2012.

Community 100

Community Estonia Syndicate Syndication 100

David Teten

JANUARY 11, 2020

They’re taking a $1m check from me, or giving $5m to me as a limited partner. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc. High-potential prospective employees of portfolio companies. Jourdan Urbach, Managing Partner of Brandt & Co.

Social Media 60

Social Media Technical Review Media Private Equity 60

Gust

OCTOBER 20, 2011

Active angels invest in a diversified portfolio of 10 or more companies, usually spreading their investments over a few years. In the end, such a portfolio might yield the angel investor a total return on investment of 25% per year or more. A local network of angels is critical to achieving a diversified portfolio.

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

Hunter Walker

APRIL 10, 2014

But he’s raised the largest syndicate on AngelList , turning himself effectively into a one-man fund for, if not the masses, at least the 270 people who have already committed nearly $3.4m AngelList syndicate has surprised some people, you’ve been angel investing for quite a while, right? He tweets infrequently.

Syndicate 125

Syndicate Syndication Hiring Cofounder 125

VC Adventure

JANUARY 19, 2024

Over the course of Foundry, we deliberately structured our work in a way that reflected this goal, keeping our organization small and each of the Foundry partners closer to the portfolio (both the companies each of us was responsible for, but also across the portfolio more broadly).

Portfolio 72

Portfolio Syndicate Syndication Cofounder 72

David Teten

SEPTEMBER 23, 2017

PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Johann Kratzer of Blue Future Partners , a fund of funds, observed, “The majority of the hundreds of funds we’ve diligenced rely predominantly on their relationships to source deals. Greylock Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

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

Agile VC

SEPTEMBER 15, 2011

Also portfolio management strategy has shifted a bit in recent years, and many large investors now evaluate at all risky assets together (US tech IPOs, Brazilian bonds, Chinese private equity, etc) rather than making discrete allocations to each bucket. My partner @ LeeHower looks back: [link] 5 days ago Search. Previous Entries.

IPO 100

IPO Marketing Silicon Valley Private Equity 100

David Teten

SEPTEMBER 6, 2015

She had so much insight to share that we broke the interview into two parts, 1) Corporate Venture Capital and more broadly, 2) How the Fortune 500 Can Buy, Invest and Partner with the Innovation Economy (coming soon). . I recently had a chance to interview Mari Joller , an expert on corporate innovation, on this topic.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Genuine VC

MAY 29, 2014

Yet even today, whether or not to take a (relatively) small check in a seed round syndicate from a multi-hundred million or even billion dollar fund is still a decision which takes quite a bit of consideration and sometimes consternation. So there is an element of (positive) selection bias in the larger VC syndicate cohort companies.

Syndicate 166

Syndicate Syndication Seed Stage Valuation 166

Genuine VC

FEBRUARY 12, 2012

PROs of taking his angel money are the feeder system to venture financing of the next round and the vast network of portfolio CEOs which can be tapped into for connections and help. CONS of an investment from a Super Angel include potential lack of “value add” because his time is spread so thin amongst many portfolio companies.

Angel Investor 257

Angel Investor Syndicate Syndication Early Stage 257

thebarefootvc

MAY 8, 2012

However, the reality is that I am building a portfolio of investments and, like Brad, I believe in being an active and helpful investor. If there is an opportunity to bring in a syndicate partner that will add exponential value, it would be foolish to not include them. This takes a lot of time.

Venture Capital 78

Venture Capital Syndicate Syndication Bandwidth 78

View from Seed

AUGUST 26, 2015

And if you just want to learn about different types of angels and what motivates each, my partner David has written about that before here.). Overall, I’d recommend being pretty prolific (5-10 investments a year), writing reasonably small checks at first, and thinking of your investments in 18-36 month cohorts of companies or mini portfolios.

Technical Review 120

Technical Review Angel Investor Software Review Silicon Valley 120

View from Seed

AUGUST 26, 2015

And if you just want to learn about different types of angels and what motivates each, my partner David has written about that before here.). Overall, I’d recommend being pretty prolific (5-10 investments a year), writing reasonably small checks at first, and thinking of your investments in 18-36 month cohorts of companies or mini portfolios.

Technical Review 120

Technical Review Angel Investor Software Review Silicon Valley 120

View from Seed

NOVEMBER 5, 2019

Earlier this year, my partners and I at NextView invested in Boston-based Marlo to help address this work meeting suckiness. The various scenario permutations go on and on, but the consistent theme runs throughout that people don’t like to be stuck in meetings. Meetings take people away from doing real work.

Seed Capital 222

Seed Capital Syndicate Syndication .Net 222

View from Seed

JUNE 10, 2020

But the emphasis of our program is the direct one-on-one interaction with NextView partners to help push the company forward. The partners at NextView hold sessions more than once per week to push the participants’ thinking and actions to strive towards making significant advances finding true-product market fit.

Cofounder 177

Cofounder Syndicate Syndication Alabama 177

Agile VC

OCTOBER 27, 2011

I hate indulging in wanton portfolio self-promotion, but my partners & I are incredibly excited about these companies and will undoubtedly continue to make more investments in this vein. My partner @ LeeHower looks back: [link] 5 days ago Search. What’s Your Favorite Future? Previous Entries. Avatars by Sterling Adventures.

Software 100

Software B2B Silicon Valley Acquisition 100

Feld Thoughts

OCTOBER 1, 2013

This morning my partners at Foundry Group and I announced that we are going to make 50 seed investments of $50,000 each on AngelList between now and the end of 2014. Foundry Group ) can create the syndicate in the future, at which point we’ll move the activity over to there. When we learn, we’ll share what we learn.

Syndicate 164

Syndicate Syndication Early Stage Portfolio 164

This is going to be BIG.

MAY 5, 2023

You can stop making new investments, but it will take years to actually work through your active portfolio companies. I’ll also continue to work within the NYC tech community—now thriving at a level I could hardly have imagined when I first got the pitch deck for USV’s first fund as a Limited Partner at the GM pension fund.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

View from Seed

OCTOBER 22, 2015

We’ve written before on how to research partners , how to pitch the right investor at a given firm, and how to raise seed capital , generally speaking. What I mean is that after a first meeting with a single partner, that partner might say “Great discussion. The ultimate reference is through a portfolio founder.

Term Sheet 120

Term Sheet Due Diligence Seed Stage Seed Capital 120

Agile VC

JULY 16, 2014

One of our portfolio companies, Plastiq , announced yesterday that they raised a $10M Series B led by Khosla Ventures and are planning to move their headquarters from Boston to San Francisco. In fact if you look just at Harvard, something like 15% of NextView’s portfolio was founders starting right after Harvard undergrad or HBS.

Boston 208

Boston Silicon Valley San Francisco Cofounder 208

Agile VC

DECEMBER 19, 2013

In addition, investing in startup tech companies turns out to provide only a modest level of diversification… angel investments tend to form a high beta portfolio, with reasonably close correlations to public equity markets. ” But as an angel one can overweight this factor. totally passive strategy won’t teach you much).

Angel Investor 265

Angel Investor Early Stage Syndicate Syndication 265

Rob Go

JANUARY 9, 2012

A year ago, I wrote a post detailing some tidbits about our portfolio. Second best is to understand their portfolio. So here is an unscientific cut of our portfolio and some commentary below. Syndicate Composition: Angels: 5. We aren’t that dogmatic about syndicate composition. Sector: Consumer Internet: 7.

Portfolio 46

Portfolio Syndicate Syndication Cofounder 46

Genuine VC

FEBRUARY 12, 2012

PROs of taking his angel money are the feeder system to venture financing of the next round and the vast network of portfolio CEOs which can be tapped into for connections and help. CONS of an investment from a Super Angel include potential lack of “value add” because his time is spread so thin amongst many portfolio companies.

Angel Investor 128

Angel Investor Syndicate Syndication Early Stage 128

David Teten

JULY 11, 2019

Ranked in descending order of frequency of use, they are: 1) Syndicate the investment out to coinvestors, without charging any fee. I recently wrote about How VCs Structure a Syndicate and Recruit Coinvestors. These are designed to allow an institutional investor to invest followon rounds in existing portfolio companies.

Syndicate 60

Syndicate Syndication Institutional Investors Dilution 60

Gust

JULY 12, 2012

I enjoyed giving a short interview on BBC radio the following morning, after which a dozen Halo members participated in a workshop I led on portfolio strategy and post-investment relationships. It was organized by Diane Roberts of Xcell Partners and held at the StartupBaseCamp accelerator in Dublin.

Community 121

Community Estonia Ireland Finland 121

Both Sides of the Table

APRIL 27, 2014

But they are also a tax on your time with portfolio companies, looking for new investments, running your shop and honestly they are a tax on your family life. At our partner meetings the number one thing I look for in our decisions is the conviction level of the sponsoring partner. I don’t. Have conviction.

Cofounder 374

Cofounder Syndicate Syndication Early Stage 374

Hippoland

MAY 15, 2016

It would’ve been something like: Angels: Uses his/her own money to do investments Writes small checks Mostly sole decision maker VCs: Uses 3rd party money to do investments (from limited partners) Writes large checks Multiple decision makers and a concrete process But today, some of these things have changed. Like I mean a LOT.

Syndicate 48

Syndicate Syndication Limited Partner Portfolio 48

Hunter Walker

FEBRUARY 5, 2019

Also, a partner who is transitioning into a non-FT role going forward. They become platforms and the goal/need to look more like a multistage fund plays out in their portfolio model – 20% ownership targets, entering at A round instead of just seed. Photo by Rod Long on Unsplash. In the 2020s will Homebrew be an anomaly?

LP 92

LP Early Stage Syndicate Syndication 92

View from Seed

OCTOBER 21, 2014

Sharing these pricing expectations early with potential lead investors fundamentally qualifies your conversations, but it also runs the risk of prematurely losing a potential financing partner, or else it can reduce options to maximize your fundraise outcome. And as my partner Rob Go likes to say, “Time kills all deals.”).

Valuation 336

Valuation Founder Seed Stage Angel Investor 336

Genuine VC

APRIL 24, 2012

Where the company would “fit” well into the firm’s existing portfolio, filling in gaps from a stage or sector standpoint. Knowledge about the (existing or future) syndicate composition or other deal dynamics which are favorable or unfavorable.

Syndicate 224

Syndicate Syndication PR Portfolio 224