article thumbnail

Congrats to Backupify! A Great Exit Story for the First Company I Ever Backed

This is going to be BIG.

I''m super proud of Rob, Ben and the whole Backupify team--and this is particularly special for me because Backupify was the first investment I ever made as a VC, and the first board I ever sat on. Rob messed around with some local video thing in 2008, which everyone but Rob thought was a pretty terrible idea.

board 261
article thumbnail

Upfront Ventures Adds Hamet Watt as New Investment Partner

Both Sides of the Table

He first came to see me in 2008 when we was raising money for his 1st startup – NextMedium. At every entrepreneur event I through between 2008-2012 I invite Hamet because he was a great mentor for entrepreneurs. While I or other full time partners may sit on the boards of 8-10 companies each Hamet will sit on the board of 4-5.

ventures 340
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

GRP Announces $200 Million Fund. Rebrands as Upfront Ventures

Both Sides of the Table

We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). At any moment in time one of Upfront’s associates are likely to be working on: a pricing strategy, a market-expansion strategy, an M&A review, or helping build a company’s first board deck template.

ventures 343
article thumbnail

Praying to the God of Valuation

Both Sides of the Table

Between 2006–2008 I sold both companies that I had started and became a VC. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC). Hey, we got to raise again next year. Let’s deploy faster!

VC 466
article thumbnail

Want to Know How First Round Capital was Started?

Both Sides of the Table

I have sat on a board with Howard and have known him a few years. In 2008 they raised a much larger fund $132.5 What is ideal board structure? For a company that raises a seed round of capital a three person board that includes the CEO, Investor, and an Independent member is fine. How to run a board meeting?

capital 284
article thumbnail

How Venture Funding For Early-Stage Startups Will Change During the COVID-19 Crisis

Dream It

LPs failed to make capital calls in the late 90s during the dot-com bubble burst, after September 11, and during the financial crisis in 2008. In 2008-2009, the financial markets seized up, and there were quarters of complete uncertainty, but ultimately VCs started investing again and things normalized. This is not without precedent.

ventures 334
article thumbnail

How to Manage a Startup Through Troubling Times

Entrepreneurs' Organization

Like the downturns in 2008 and 2001, this has been a very trying time for entrepreneurs running startups. Sometimes, you don’t feel comfortable describing your fears and frustrations to your cofounders or investors on your board, but a peer group allows you to do this in a safe way. This only makes the stress build up inside you.