Both Sides of the Table

JULY 22, 2010

Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. I just want to figure out what a fair valuation is.&# I figured all the VC’s talked so we should. But this example above is all entrepreneur math, not the VC’s.

founder 405

founder VC venture capital entrepreneurs 405

Both Sides of the Table

SEPTEMBER 29, 2009

When venture capitalists scale back investing activities it can be very swift and leave many companies that are in the process of fund raising hung out to dry. Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. Why did the VC markets freeze so quickly? Short answer – yes.

VC 263

VC board investing investment 263

Both Sides of the Table

SEPTEMBER 27, 2010

And that was evident on today’s Angel vs. VC panel. The VC industry is segmenting – I have spoken about this many times before. The VC industry has different segments in it that have different fund sizes, different investment amounts and different risk / return expectations. Answer: Not much.

disruption 308

disruption VC entrepreneurs financing 308

Both Sides of the Table

SEPTEMBER 2, 2009

This is part of my ongoing series “ Start Up Advice &# but I’d really like to call this post, “VC Advice.&#. We exchanged ideas when I was an entrepreneur along side him in NorCal in 05-07 and my point-of-view on founder / VC relationships hasn’t shifted even 1% since I went to the dark side. You lose the dream.

founder 329

founder VC advice pitching 329

Gust

SEPTEMBER 17, 2014

Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. Me: So, who was willing to invest in that? At an accelerator ….

VC 153

VC finance financing entrepreneurs 153

This is going to be BIG.

NOVEMBER 9, 2015

When I first started in venture capital, back in 2001, I used to fund funds. I worked for an institutional investor that invested in both venture capital funds and later stage growth deals. They raise larger and larger funds, for example, after building up a track record of successful angel investments.

sustainability 328

sustainability angel investing venture capital VC 328

A VC: Musings of a VC in NYC

APRIL 13, 2021

It is a little known part of my career, but for a brief period from 1997 to 2001, I was part of a small group of investors who helped to create a startup ecosystem in Latin America. In that Chase Capital Partners meeting was a woman named Susan Segal who ran Chase’s Latin American private equity investing.

entrepreneurship 192

entrepreneurship startup ecosystem VC pitching 192

This is going to be BIG.

DECEMBER 2, 2014

Henry told me that I should start a fund--me, a 27 year old former VC analyst turned product manager with no MBA at a startup that wasn''t really headed in any particular direction. My godfather got me IBM stock right after that, so that''s how I knew that a stock market and investing existed. My dad brought home an IBM PS/2 in 1987.

venture capital 293

venture capital VC ventures technology 293

This is going to be BIG.

JULY 30, 2015

One of the first things I did when I joined the venture asset class as a lowly institutional LP analyst in 2001 was to build the VC fund cashflow model. Just about every analyst who looks at fund investing has built one. The average VC-backed exit is somewhere around $250mm. Let's be clear about this exercise.

venture capital 419

venture capital capital ventures VC 419

Both Sides of the Table

FEBRUARY 25, 2010

I lived through this again September 2001. Many deals – VC or otherwise – didn’t close. VC, sales, biz dev, M&A or otherwise. Especially in VC. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. VC, sales, biz dev, M&A or otherwise.

venture capital 301

venture capital advice VC real estate 301

Both Sides of the Table

DECEMBER 13, 2010

Within a year, by late 2000 / early 2001 consulting firms were firing people en masse. On July 27th, 2001 Accenture IPO’s and many of the partners grew fabulously wealthy. Andersen had lost its long-time CEO, George Shaheen, was hemorrhaging staff and wasn’t exactly known as being an Internet pioneer.

consulting 302

consulting leadership entrepreneurs advice 302

Both Sides of the Table

JUNE 22, 2011

I spoke about how Amazon Web Services deserves far more credit for the last 5 years of innovation than it gets credit for and how I believe they spawned the micro-VC category. I said that I felt that Micro-VCs were the most important change in our industry. It is great for entrepreneurs and great for VCs. I believe that.

real estate 309

real estate entrepreneurs financing finance 309

Both Sides of the Table

JULY 29, 2010

@tevye2009 , Q: “can you briefly explain why it’s best to get a small valuation when getting investment.&# People assume that I’m biased because I’m a VC and think you should always get the highest valuation possible. But if you do this early (pre VC) then the price points are pretty low. This is wrong.

venture capital 282

venture capital capital ventures angel investing 282

Both Sides of the Table

AUGUST 24, 2015

I’ve seen friends (and family members) lose much of their savings that way over the years because “Black Swans” happen and in 1987, 2001, 2003 & 2008 (just to name a few from my memory) huge market gyrations caused much financial distress to people seeking short-term gains. So, too, investments.

financing 344

financing finance ventures real estate 344

Both Sides of the Table

NOVEMBER 29, 2010

Our first big institutional round of VC was $16.5 We went “nuclear&# and slimmed down to 33 people (yes, I know, still large by today’s standards but this was 2001), raised $10 million and we built a real company. I learned everything I know about startups in these lean years: 2001-2004.

culture 333

culture construction startup advice 333

Dream It

APRIL 12, 2020

During our recent Dreamit Kickoff week, Bullpen Capital Founder and General Partner Paul Martino ( @ahpah ) spoke with our Spring 2020 cohort about the state of the VC ecosystem in the current economic crisis. When VCs raise capital from LPs, that money does not just sit in a bank collecting interest. startup) per month.

ventures 334

ventures startup capital board 334

Both Sides of the Table

DECEMBER 18, 2009

That next round of investment is proving difficult. You’ve got to be able to come out of unsuccessful VC meetings, pull your socks up, and go into the next pitch. As a VC if I can tell that you’ve survived tough times and you don’t appear beaten down that’s a huge plus. It’s a gritty existence.

entrepreneurs 298

entrepreneurs advice VC SaaS 298

Both Sides of the Table

OCTOBER 22, 2009

Please don’t also confuse this with whether a VC should invest in a CEO who’s done it before – that’s a given. Don’t confuse this with the quality of the individual. I’m a big believer in only hiring A+ team members. I’ll explain both below. Let me tell you my story. million.

startup 327

startup advice SaaS consulting 327

TechCrunch

APRIL 11, 2022

Schiff Professor of Investment Banking at Harvard Business School, to weigh in on what we are seeing, and while they’re trying to make sense of things, too, they noted a couple of things that could impact the velocity of deal-making that we’ve been seeing. We asked Beezer Clarkson, partner at Sapphire Ventures, and Josh Lerner, the Jacob H.

venture capital 97

venture capital investing investment ventures 97

Gust

OCTOBER 20, 2011

These angel investors generally invest $25,000 to $100,000 in a round totaling $250,000 to $1,000,000. For this round of investment, the angels collectively purchase 20-40% of the equity of the company and are seeking a return on investment of 20-30X in a period of five to eight years.

angel investing 146

angel investing investing investment opportunity 146

TechCrunch

MAY 17, 2022

The judges for this pitch-off will be Yoon Choi (Muirwoods Ventures), Mar Hershenson (Pear VC) and Gabriel Scheer (Elemental Excelerator) on day one; and Sven Strohband (Khosla Ventures), Victoria Beasley (Prelude Ventures) and John Du (GM Ventures) on day two. ” Mar Hershenson — Pear VC. ” Mar Hershenson — Pear VC.

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pitching energy startup consulting 76

TechCrunch

DECEMBER 27, 2022

Morgan, and was a managing investment partner at SoftBank. Latin American venture capital and growth investments through 2018 had averaged less than $2 billion per year. As a banker covering technology, I thought there was an opportunity to invest in the region and decided to quit my job at J.P. He formerly worked with J.P.

venture capital 95

venture capital capital VC opportunity 95

TechCrunch

DECEMBER 12, 2020

While several marketplace unicorns prepare IPOs, a VC digs into the data (EC). It goes a little something like this: After moving to California in 1996 at the age of 20, Gorny eventually founded a web hosting company in 2001 after working for tech companies during the dot-com boom. Airbnb said to price IPO between $67 and $68.

venture capital 122

venture capital capital startup SaaS 122

Angel Capital Association

JUNE 27, 2024

During this past upcycle, many micro VCs raised significant funds and pursued earlier stage deals in earnest. Their DNA was wrapped up in a VC mindset that starting valuations were less important given the lofty later stage valuations and frothiness at that end of the market (hence over 1000 “unicorns” today vs only 8 in 2008 and 1 in 2001).

funders 52

funders peer-to-peer mix-use angel capital 52

Tomasz Tunguz

JULY 22, 2014

Through the first six months of 2014, VCs have raised about as much as all of 2013. If this pace of fund raising continues, 2014 would mark the biggest year for VCs since 2001, when the industry raised about $38B. Nevertheless, we will see a spike in the next six months as firms begin investing from new funds.

venture capital 40

venture capital capital ventures startup 40

Tomasz Tunguz

AUGUST 14, 2014

The chart above compares the total number of MegaRounds, those VC investments of $50M or more, from 2001 through 2013. In short, MegaRounds are increasingly common, while the number of VC-backed IPOs is relatively constant. Last year, there was 1 MegaRound for every 2 IPOs.

financing 40

financing finance VC capital 40

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. In case VC’s haven’t figured this out yet, shit rolls downhill. My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog.

VC 274

VC venture capital pitching capital 274

Both Sides of the Table

JANUARY 16, 2012

I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. And of course I’ve sat on the other side of the table: As a VC. This is not just the perspective of a VC although I can’t say I have zero VC bias. Partners make investment decisions.

strategy 366

strategy development VC advice 366

TechCrunch

JANUARY 29, 2021

Mercedes Bent and Bradley Twohig , partners, Lightspeed Venture Partners (a multistage generalist fund with investments including Forage, Clever and Outschool). Rising African venture investment powers fintech, clean tech bets in 2020. Rising African venture investment powers fintech, clean tech bets in 2020. yourprotagonist.

VC 107

VC founder media education 107

TechCrunch

DECEMBER 6, 2021

Melas-Kyriazi will be based in the firm’s San Francisco office and focus on seed and Series A investments in emerging fintech and commerce companies — two core areas of focus for the firm. More than half of our investing dollars go to work in those two categories. Since BCV’s first fund in 2001, the firm has invested over $4.5

capital 79

capital ventures angel investing VC 79

TechCrunch

SEPTEMBER 13, 2022

2001, a Starbucks Odyssey : In August, Starbucks got things percolating with plans for a blockchain-based loyalty program and NFT community. Startups and VC. Here, have a fresh battery : Magna enters the micromobility and battery swapping market with a $77 million investment in Yulu, Rebecca reports. The TechCrunch Top 3.

micromobility 89

micromobility SaaS capital VC 89

David Teten VC

OCTOBER 31, 2024

We’re happy to share the latest in PEVCtech’s series profiling how investment managers are using AI, tech, and analytics to generate alpha. We have over $400 million of capital under management, our current portfolio is around 20 companies, but so far we have invested in over 40 companies since 2015.

ventures 52

ventures peer-to-peer mix-use VC 52

Both Sides of the Table

FEBRUARY 12, 2017

https://medium.com/media/cc969482e7abf6b75d3c0958c8ee409d/href I moved to Los Angeles in 2007 and as a VC who had built his career as a programmer, database designer, program manager, CEO then VP Products at Salesforce, I wanted to build a portfolio of software investments. I asked Jonah in my interview how he became this viral guru.

media 210

media leadership innovation VC 210