A VC: Musings of a VC in NYC

SEPTEMBER 15, 2019

In our 2004 fund it was five companies, but that is why that fund was so good. In the last 15 years, VC has become an institutional asset class with the permanence and stature that brings seemingly endless amounts of capital to it. We know that venture investments result in a power-law distribution of outcomes.

venture capital 184

venture capital VC sustainability capital 184

This is going to be BIG.

MAY 9, 2022

I’ve been asked by portfolio companies and plenty of others about how they should be changing their strategy given the stock market pullback and what they’ve been hearing on “VC twitter”. VCs need to invest to make their returns—and eventually, they’ll want to raise the next fund to layer more fees upon more fees. VCs gonna VC.

VC 243

VC finance financing capital 243

David Teten VC

MARCH 5, 2021

(co-written with Katherine Boe Heuck , a MBA candidate at MIT Sloan (class of 2022); past intern at Versatile VC ; and a current intern at Metaprop NYC.). We reviewed CB Insights’ global list of “40 of the Best VC Bets of all Time.” For funds with an overall return of 3-5x, which is what VC funds aim for, the overall return was 4.6x

VC 82

VC investment investing founder 82

Both Sides of the Table

NOVEMBER 29, 2010

Our first big institutional round of VC was $16.5 I learned everything I know about startups in these lean years: 2001-2004. I had come from a world where I was nearly a partner at Accenture before starting my first company. I was used to being allowed to fly business class and staying at nice hotels.

culture 333

culture construction startup advice 333

Gust

NOVEMBER 4, 2011

Rather than reinvent the wheel, I would point readers to Martin Kleppmann’s useful blog post with graphs illustrating the effects of a valuation cap on entrepreneurs, seed investors and later-round (typically VC) investors. By the fall of 2004, the site’s explosive growth attracted the attention of many potential investors and buyers.

incubation 98

incubation financing finance mix-use 98

TechCrunch

FEBRUARY 24, 2023

But when you’re running a VC firm, especially as an emerging manager, how do you know which investors and limited partners (LPs) to target? In order to make those investments, venture firms must first have the money, which means they’re not only just the funders, they’re fundraisers, too.

funders 93

funders venture capital hospitality health 93

Both Sides of the Table

APRIL 13, 2011

In 2004 / 2005 I was starting to get intrigued with user-generated content. Deal evaluations the Foundry way, which continues into a great discussion about VC decision-making processes. “So RSS was something that had appeared.” “….I Human Computer Interaction. Protocol Digital Life. Distribution. Adhesive (new – Glue for Adtech).

venture capital 288

venture capital pitching communities entrepreneurs 288

TechCrunch

OCTOBER 1, 2022

We have an outstanding cohort of VCs ready to hear their pitches and follow up with tough Q&As — and we’re thrilled to add three more to the slate. Did you miss the other Startup Battlefield VC judges? In 2004, Samuel co-founded Crackle, an internet video platform acquired by Sony for $65 million in 2006. Did you know?

capital 92

capital disruption startup incubation 92

TechCrunch

MAY 19, 2021

For VC-backed companies, there are effectively three outcomes: standalone company (often via an IPO), merger or acquisition, or bankruptcy. In 2020, there was an approximately 10:1 ratio of acquisitions of VC-backed companies to IPOs, with 1,042 venture-backed companies acquired and 103 entering the public markets.

startup ecosystem 98

startup ecosystem incumbents startup entrepreneurship 98

David Teten VC

MARCH 5, 2021

(co-written with Katherine Boe Heuck , a MBA candidate at MIT Sloan (class of 2022); past intern at Versatile VC ; and a current intern at Metaprop NYC.). We reviewed CB Insights’ global list of “40 of the Best VC Bets of all Time.” Why are all of the VC home runs from white men, or Asian men in Asia, plus a few Asian men in the U.S.?

VC 52

VC investment investing founder 52

TechCrunch

NOVEMBER 19, 2021

The comment gets at the crux of what Sequoia would like to do with its new model: hold investments longer, requiring the VC to be able to hold stocks over a long time horizon. A recent report from OpenView makes this point well, noting that since Salesforce’s 2004 IPO, it has grown its valuation 210x. ServiceNow is up 60x.

capital 100

capital venture capital VC ventures 100

TechCrunch

MAY 26, 2022

“I’ll call it a mid-cap VC fund. Ayeni and the Helios Investment Partners team declined to comment on the VC firm’s overall fund size. Helios Investment Partners has experienced great success as a private equity firm since Tope Lawani and Babatunde Soyoye launched it in 2004. It’s not early, and it’s not quite growth.

VC 59

VC venture capital finance financing 59

Tomasz Tunguz

NOVEMBER 26, 2012

Consumer web’s share of all US VC investment is increasing. And across all major sectors of VC investment (consumer, enterprise, healthcare and energy), consumer investments are growing their share. And across all major sectors of VC investment (consumer, enterprise, healthcare and energy), consumer investments are growing their share.

VC 40

VC investment investing energy 40

TechCrunch

JULY 27, 2021

in 2004 before falling sharply due to the economic recession of 2007-2009. Sequoia Capital led the round and was joined by Jay-Z’s Roc Nation venture investment arm Arrive, Will Smith’s Dreamers VC and existing investor Signia Venture Partners. homeownership rates in 2020 were about 65.8% according to Statista. The rate reached 63.7%

real estate 98

real estate VC health advice 98

David Teten VC

APRIL 30, 2018

According to the NVCA 2017 Yearbook , in 2004, 77% of global VC fundraising went to US VCs, and 85% of global VC dollars went to US startups. This implies that the US is still the center of the VC industry, even while there is more opportunity for US VCs to invest abroad. . Source: NVCA, Pitchbook.

ventures 74

ventures investment investing startup 74

TechCrunch

MARCH 6, 2023

It’s a non-consensus take in a world where VCs are being asked hard questions about their due diligence, but Khosla added that “it isn’t the VC’s job to sit on a board and vote…there’s a hard line you don’t cross, which is don’t make founders or management do things they don’t want to do by voting.” The outfit plans to raise $1.5

board 100

board advice founder VC 100

Berkonomics

JULY 10, 2014

The first is of a 2004 startup that I cofounded and led the investment group for several early rounds, then VC rounds. The company has grown to forty employees and a healthy eight figure gross revenue run rate, but has absorbed over $36 million of angel and VC money to do so, and without yet reaching breakeven.

VC 71

VC founder capital support 71

TechCrunch

OCTOBER 4, 2021

The round was led by Mayfield, with participation from MissionBio Capital, Builders VC and VSC Ventures. Since graphene was discovered in 2004 , the material has generated a lot of hype — it was supposed to be the next silicon , though that hasn’t quite happened yet. . Graphene is a single-atom thin carbon sheet. Still, the U.K.

transportation 101

transportation technology VC communities 101

TechCrunch

APRIL 19, 2021

Boston-based G20 Ventures led the round, which included participation from Greycroft, Pillar VC, 2LVC, and Gaingels. . He founded Boston Logic – an integrated marketing platform and online marketing services for real estate offices and agents – in 2004. The investment brings Knox’s total raised since its inception in 2018 to $14.7

real estate 101

real estate finance financing investing 101

TechCrunch

FEBRUARY 26, 2021

David Teten is founder of Versatile VC and writes periodically at teten.com and @dteten. 15 steps to fundraising a new VC or private equity fund. Katherine Boe Heuck is a MBA candidate at MIT Sloan (class of 2022), a past intern at Versatile VC and a current intern at Metaprop NYC. David Teten. Contributor. Share on Twitter.

investment 69

investment investing VC venture capital 69

A VC: Musings of a VC in NYC

JANUARY 30, 2020

I saw this tweet coming out of the Upfront Summit yesterday (where I will be today): Josh Kopelman of First Round Capital: we can look at every company we’ve ever funded, and learned that the time from first email/contact to term sheet has shrunk from 90 days in 2004 to just 9 today. — Dan Primack (@danprimack) January 29, 2020.

VC 263

VC networking capital support 263

Berkonomics

JANUARY 28, 2021

The first is of a 2004 startup that I cofounded and led the investment group for several early rounds, then VC rounds. The company had grown to forty employees and a healthy eight figure gross revenue run rate but has absorbed over $36 million of angel and VC money to do so, and without yet reaching breakeven.

VC 62

VC founder capital support 62

TechCrunch

FEBRUARY 16, 2021

I was in college from 2000 to 2004. This public spreadsheet lists Black founders who have raised VC, and the investors backing them. But because of the lack of knowledge that I could actually do so and benefit from being inside the Ivy League “circle,” I didn’t.

founder 105

founder entrepreneurial ecosystem venture capital ventures 105

TechCrunch

SEPTEMBER 20, 2022

He started Thrillist with Adam Rich in 2004, which later became Group Nine Media in 2016. TechCrunch: Ben, how does it feel to come back to VC full-time? Lerer: It’s nice of you to say “back to VC full-time.” VC still requires in-person connection, argues Madrona’s Matt McIlwain.

media 84

media VC venture capital investing 84

David Teten VC

MARCH 14, 2023

We were founded in 2004 by David Rose, Founder & Executive Chairman, Gust. Versatile VC uses FlowInc , in which I’m an investor.) These may indicate room for Versatile VC to build or invest in a startup addressing that need. We are one of the world’s largest and most active single-chapter angel groups.

angel investing 72

angel investing funders investing investment 72

OurCrowd

JUNE 20, 2021

Musk, whose 2004 bet on electric cars looked risky at the time and now seems prophetic. It is not by chance that governments and corporations that grew wealthy from carbon are looking to a fossil-fuel free future. New energy is good business. Just ask Elon. Exciting Opportunities.

energy 41

energy incubation accelerator investing 41

A VC: Musings of a VC in NYC

NOVEMBER 24, 2019

Facebook launched in Feb 2004, four years after the start of the internet crash. The Bitcoin white paper was published in 2008. 10 years later its potential was glimpsed — but technological, commercial and economic limitations brought expectations down to earth with a crash.

technology 221

technology development 221

Both Sides of the Table

SEPTEMBER 13, 2009

We then had a piece in Time Magazine, The Wall Street Journal, Europe, we ran front cover of Tornado Insider (the top VC magazine in Europe at the time). 2001-2004 were very humbling but we built a real company. If you need VC, no better time than the present. I sat next to Irwin Jacobs (founder of Qualcomm) on a bus ride.

media 310

media advice VC capital 310

Tomasz Tunguz

MARCH 31, 2015

Private market rounds were 14x as common as IPOs in 2014, compared to the 2004-2007 era, when IPOs were about as equally common as large private financings. For comparison, roughly 240 VC backed IT companies have gone public in the last ten years. 231 companies raised $40M+ growth rounds in 2014.

financing 40

financing finance VC investing 40

Both Sides of the Table

APRIL 27, 2010

I was paid less in salary in 2004 than I was paid at the job I quit in 1999 (a job I had held 8+ years). Hell – we fought against the VC’s together! That VC who saw me stick through hard times at my first company and get an exit at both companies is the firm where I’m now a partner.

advice 285

advice venture capital VC construction 285

Tomasz Tunguz

JULY 6, 2014

Founded in 2004, GoPro is about 10 years old and during the past few years has witnessed spectacular growth. In other words, how many revenue dollars did one invested VC dollar create. First, to understand GoPro’s business better. Third, to draw conclusions for other hardware startups.

SaaS 50

SaaS startup capital investing 50

This is going to be BIG.

MAY 5, 2023

To think, I almost didn’t take that 2004 meeting because it was a NYC-based fund. 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.

ventures 545

ventures investment investing VC 545

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

Both Sides of the Table

JULY 10, 2010

The importance of the conference is that it assembles most of the top privately held early-to-mid-stage technology companies in the country (and some globally) as well as most VC’s, growth equity funds and corporate development departments from large industry players looking at technology acquisitions. Acquired by Amazon for $110m.

VC 242

VC venture capital ventures capital 242

AsiaTechDaily

JANUARY 30, 2023

In addition to his rich experiences working in the venture capital (VC) and private equity (PE) sectors, Joseph has also sharpened his investment acumen through his multiple years in the audit and stock-broking industry before deciding to finally launch his cross-border investment firm, Kairous Capital , in 2015.

capital 96

capital investment investing venture capital 96

TechCrunch

MAY 3, 2023

Startups and VC Plexamp, the music player from Plex, now works with ChatGPT for playlist creation , reports Sarah. Among other things, I asked it to create a list of top 10 essential heavy metal songs, great music to work to, and most nostalgic songs from 2004.

disruption 98

disruption startup founder startup VC 98

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