A VC: Musings of a VC in NYC

JANUARY 1, 2023

Because most startups avoided raising in 2022, there will be a glut of startup companies in the market for capital this year and while there is plenty of venture capital sitting on the sidelines waiting to be deployed, VCs will be much more selective, instead of funding everything that moves as we’ve done over the last few years.

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A VC: Musings of a VC in NYC

FEBRUARY 15, 2022

As I wrote then: I don’t think a VC firm should manage to a pacing number. In the last two years, the VC business has been operating at a blistering pace, the fastest I’ve witnessed in my 35 years in the business (including the 99/00 era). But even so, the VC business has turned into a sprint.

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TechCrunch

JANUARY 6, 2023

That’s the top-level finding of a new PitchBook report that looked at VC trends toward the end of 2022, specifically Q4, including investments made at the seed, late-stage and nearing-the-exit levels. Q4 2022 marked the fourth consecutive quarter of declining deal counts while exit activity for the entire year fell to $71.4

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Both Sides of the Table

DECEMBER 11, 2022

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). THE VC VALUATION GOD Valuation obsession wasn’t restricted to startups.

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TechCrunch

JANUARY 27, 2023

Investors believe the market correction, which caught up with the continent in the second half of 2022, will spiral into this year. But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold.

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Tomasz Tunguz

FEBRUARY 22, 2022

Instead of late-stage opportunities, they’ll be focusing on early-stage venture in 2022. PitchBook surmises non-traditional VC (aka hot money) comprises 78% of venture dollars invested in 2021. Hedge fund flows into early venture will challenge the market’s bearish disposition and define pricing dynamics in 2022.

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Revolution

MAY 11, 2023

Our findings confirmed a significant shift away from the traditional tech hubs of the Bay Area, New York City, and Boston, with the proportion of seed- and early-stage VC dollars funneling into the Bay Area falling below 30% for the first time in more than a decade. marking its highest level since 2017.

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TechCrunch

FEBRUARY 9, 2023

For the first time, the sector attracted over 1,100 unique investors in 2022, which in turn resulted in a record fundraising haul of $6.5 We also have a very wide top funnel such that in 2022, we made initial contact with over 2,500 startups and ideas, and eventually only partnered with less than 1% of that top of the funnel.

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A VC: Musings of a VC in NYC

MAY 1, 2022

Those of us who work in VC and startups can work remotely and get most everything we need done. USV TEAM POSTS: Samson Mesele — Apr 28, 2022 USV 2022 Funds. We learned some new tricks over the last two years. But we have to remember the power of being together and do more of it. It really makes a difference.

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StartupNation

DECEMBER 10, 2021

A combination of university talent pipelines, top-rated quality of life, growing startup ecosystem, and growing VC funding has Tree Town topping lists as one of the best places to start a tech company or find a top tech job. Small Ann Arbor startups to watch in 2022. DocNetwork. Originally published by Purpose Jobs.

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TechCrunch

DECEMBER 29, 2022

(You will find very few Indian names in the cap tables of local exchanges CoinSwitch Kuber and CoinDCX and until recently, blockchain scaling firm Polygon, as a prominent VC at one of the world’s largest crypto VC funds recently pointed to me.).

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Revolution

FEBRUARY 13, 2023

Case in point: only 1% of 2022 VC dollars went to Black founders, a marked decrease year over year. Despite the recognition of bias and calls for change, systemic inequities unfortunately persist.

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A VC: Musings of a VC in NYC

MAY 11, 2022

USV TEAM POSTS: Albert Wenger — May 9, 2022 Personal Update: Rage Against the Dying of the Light Nick Grossman — May 4, 2022 Memory as a Service. And yet that is what leaders must do when new use cases emerge and present themselves as both an opportunity and a threat. Investing in founder-led businesses is comforting to me.

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TechCrunch

JANUARY 25, 2023

But 2022 was the year when this “spending” slowed and was instead more widely rebranded and accepted as actually being “borrowing.” Against this background, we formed our annual review of European edtech activity for 2022. billion in 2022 compared to $2.5 billion a year earlier. billion in 2021.

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TechCrunch

APRIL 6, 2023

Given that the early 2022 months were not that far from the peak of the last startup cycle, this comparison is somewhat specious: we all know that things have slowed down since then. ” Without the Stripe and OpenAI deals, global VC results would have been even worse in Q1 2023 by Alex Wilhelm originally published on TechCrunch

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A VC: Musings of a VC in NYC

SEPTEMBER 12, 2022

link] A quick thread 1/ — ReFi DAO #GR15 (@ReFiDAOist) September 10, 2022. USV TEAM POSTS: Albert Wenger — Sep 6, 2022 USV Analyst Program 2022. Serial entrepreneur @G0rd0n_ is looking to scale blue ocean and marine biodiversity markets using #web3 and #DeSci.

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A VC: Musings of a VC in NYC

JULY 18, 2022

USV TEAM POSTS: Mona Alsubaei — Jul 13, 2022 XFuel Albert Wenger — Jul 11, 2022 The Meaning of Machine Creativity. That is because we maintained a conservative bias throughout the last few years and resisted the efforts of some to get us to behave differently. And that feels good and right to me.

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TechCrunch

SEPTEMBER 12, 2022

After years of rosy projections, growth and investor enthusiasm, a new report from PitchBook shows that VC activity in the AI sector declined precipitously over the past few months. quarter over quarter in Q2 2022, with overall investments reaching $20.2 Year to date, VCs have funneled $48.2 billion across 1,340 deals.

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A VC: Musings of a VC in NYC

FEBRUARY 20, 2022

And I do feel that there is more of that going on in 2022 than we saw in 2020 and 2021 and that’s a very good thing. USV TEAM POSTS: Nick Grossman — Feb 16, 2022 Ceramic Hanel Baveja — Feb 15, 2022 Mundi’s Series A.

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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”. 3) Do you need to raise a large amount of growth capital in 2022? VCs gonna VC. VCs don’t want to back past performance.

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Both Sides of the Table

JULY 26, 2022

2021 saw phenomenal returns for our industry and it topped off more than a decade of unprecedented VC growth. The industry has obviously changed enormously in 2022 but in many ways it feels like a “return to normal” that we have seen many times in our industry.

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A VC: Musings of a VC in NYC

DECEMBER 9, 2022

USV TEAM POSTS: Samson Mesele — Dec 9, 2022 USV 2022 Climate Fund Nick Grossman — Dec 7, 2022 Ostrom Albert Wenger — Dec 5, 2022 Not-Yet-Full Self Driving on Tesla (And How to Make it Better). It will make a big difference in their lives.

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TechCrunch

MAY 28, 2022

The firm is not always right in its prognostications — maybe why it stuck to internal musings instead of a Medium post this time — but it does do a service in providing a snapshot of how one of the most weathered, and successful, VC firms of all time thinks about a looming downturn. TechCrunch+ is having a Memorial Day sale.

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TechCrunch

DECEMBER 16, 2022

Over the last several years, VC money has been abundant and relatively cheap. Source: PitchBook data from 2012-2022. Across all stages, companies were seeing higher post-money valuations, anywhere from about 40% at the earliest stages to over 200% in the growth stages in the 2018 to 2022 period, compared to 2012 to 2018.

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A VC: Musings of a VC in NYC

JULY 10, 2022

— Fred Wilson (@fredwilson) April 14, 2022. My partner Albert wrote this yesterday: 1 – restore full API access – anyone should be able to write a full client, including their own timeline algorithm (this could require a monthly subscription) — Albert Wenger (@albertwenger) April 25, 2022.

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TechCrunch

JANUARY 29, 2023

By 2022, that number dipped to $21.5 web3 startups in 2022). Data visualization by Miranda Halpern , created with Flourish VC funding to Black web3 founders popped last year, bucking trends by Dominic-Madori Davis originally published on TechCrunch Then there was the venture pullback amid an economic downturn. billion and $4.2

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TechCrunch

SEPTEMBER 25, 2023

billion during the same period in 2022. Funding for startups in the Pacific Northwest (PNW) fell precipitously early this year. From January to March, PNW financing dipped 80% to $246 million, down from $1.2 But one venture capital firm is anticipating a recovery.

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TechCrunch

OCTOBER 10, 2022

Last month, it was one of the 60 startups to get accepted into the Google for Startups Black Founders Fund 2022 cohort, which included some non-dilutive funding. It also expects revenues to double from last year as half-year revenues for 2022 have already surpassed full-year revenues for 2021.

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A VC: Musings of a VC in NYC

DECEMBER 31, 2023

The end of the 2022/2023 tech/startup downturn happened when two things came together. That was a big miss as 2023 will most certainly be remembered as the year that AI went mainstream with consumers, thanks to Chat GPT and other consumer interfaces to large AI models. To some extent, these two things are related.

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TechCrunch

MARCH 28, 2023

The picture forming from Q1 2023 venture data is one of measured decline compared to the end of 2022. Q1 VC results tread water, but that’s cold comfort for SaaS unicorns by Alex Wilhelm originally published on TechCrunch How’s Q1 2023 venture shaping up?

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TechCrunch

JUNE 10, 2022

That deal is quite different from what most VC funds will take on, but we believed it to be critical to the advancement of a better food system, and we pursued it. Both cities have a growing tech scene that is not yet saturated with VC firms, and each has different focuses at the core of their startup ecosystems. Louis well.

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TechCrunch

AUGUST 15, 2023

Brett Calhoun Contributor Share on Twitter Brett Calhoun is the managing director and general partner at Redbud VC. Amid these turbulent times, the VC accelerator industry has emerged as a stalwart player. Concurrently, the number of funds raised in the eight-year period up to 2022 was 2,700 , up from 883 in 2010.

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TechCrunch

MARCH 28, 2023

Q1 VC results tread water, but that’s cold comfort for SaaS unicorns Image Credits: Nigel Sussman/TechCrunch As Q1 2023 draws to a close, Alex Wilhelm reviewed early data from PitchBook to get a feel for key VC trend metrics like deal count and total capital invested. Are solo GPs screwed?

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TechCrunch

OCTOBER 4, 2023

Venture deal volume has fallen every quarter since Q2 2022 across the world, and the trend shows no signs of reversing.

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American Entrepreneurship

OCTOBER 17, 2024

Launched in late 2022 AirOps already touts clients Anne Klein, Informa, Circle, Toys”R”Us, Deepgram, Rare Candy, and Harvard Business Publishing. million in Series A funding led by Unusu al VC , with participation from Wing VC, Founder Collective, XFund, Alt Capital, Lauryn Motamedi, David Rogier, and JD Ross.

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A VC: Musings of a VC in NYC

MARCH 31, 2021

I think that is a huge unlock for everyone and I am encouraging software engineers in NYC to consider doing TEALS during the 2021/2022 school year. But that has changed and now TEALS volunteers can teach remotely. You can learn more here. If you are interested, you can apply here.

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A VC: Musings of a VC in NYC

MAY 9, 2022

The summer 2022 Tech Year NYC pilot will run from July 5th to August 12th and serve over 1,000 students. USV TEAM POSTS: Nick Grossman — May 4, 2022 Memory as a Service. Over the last two years, over 100 tech companies and over 3,000 students have participated in this effort.

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