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I was reading Chris Dixon’s blog tonight. I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I just completed an exercise where I went out to hire a new associate for my VC firm, GRP Partners.
If you want to understand the software trend that drove the creation of the seed-stage VC phenomenon I wrote about it that linked blog post but in short: cloud computing drove down the cost to create startups enabling a new category of investor. Some quick highlights include: The Role of a Seed Stage VC. But not many others.
It represents the great majority of entrepreneurship and eschews the fairytale rags-to-VC-riches stories we so often read about in the press. She hasn’t raised any venture capital. She drove her company to profitability before paying herself a modest salary. She leveraged herself and even sold many of her possessions to get started.
Finally, a lot of people asking me about typos on my blog. Peer-to-peer lending is back! I’m now the permanent host for TWiVC (until such time as they kick me off). Thank you to anybody who sent Jason a note on Twitter on my behalf. It was a fun show today, especially Jason’s story at the very end of the episode!
This weekend was Yom Kippur, holiest of the Jewish holidays and the day of atonement. It’s also the day when most Jewish minds are least focused since one needs to fast for 24 hours. But our rabbi captivated me this year and reminded me of one of the most important lessons I learned myself 15 years ago.
This is part of my blog series “ Pitching a VC.&#. I’ve sat through a lot of VC pitches and having been CEO of an enterprise software firm for many years I’ve also sat through many customer meetings with sales teams. The following are some tips for the debate style VC meeting.
I only say that because after years as a VC I can always tell when my peer group invested in something because “it seemed like it would make money” versus when they invested out of passion. On reflection of the role that I want to play as a VC it is clearly in the camp of passion. I’m a VC.
The frantic pace of technology cycles, the amount of tech news, the blogs, the conferences, the demo days, the announcements, the fundings, the IPOs. It got me thinking about the advice that I often give to new VCs. Somehow the world seems to be spinning faster these days than just a few years ago. It’s exhausting. And so forth.
In the VC insider baseball world a discussion has gone on about “VC platforms” over the past 5 or so years. While firms define platforms differently, let’s just say they are the services that a VC offers outside of investment capital and partner time on boards or providing intros.
I wrote a blog post on March 12th called Open For Business and thought I would return to the topic. If you search for “vc open for business” on Twitter , you will see almost universal scorn for the idea that VCs are open for business right now. But I don’t see that across the entire VC landscape.
I’m going to save that for a future blog post. Let me start by saying two things: Events like this are invaluable to startups because the significant value comes from building the network across portfolio companies and the discussion one can have with your peer group. And market your brand, not your personality.
Being a good angel or VC has a lot to do with pattern matching. If you've never blogged before, you might not get what I mean, but it's akin to how our view of the world changed the moment we all started carrying around cameras in our pockets. Its certainly not a way to become a great advisor. 3) Start with funds.
I wanted to also post the series here to have it as a resource on my blog for future entrepreneurs who stop by. One of the questions I’m most often asked as a VC is what I’m looking for in an investment. You see that peer who always pushes things further than you normally would. Yeah, right.
I went to undergrad at UCSD, which is not a place known for its Greek institutions and my father grew up in South America and had know idea what a fraternity was. So I went to college with no expectation that I would ever join a fraternity let alone aspire to become president one day. Easy peasy. Gregory was into theater. You need a thesis.
Because my wife is a superstar she published them all on a blog here along with much other wonderful type-A mom advice. I was saying that I was happy it was all out in the open because I felt at least everybody could now understand the issues & opportunities from the perspectives of angels, entrepreneurs and VCs. It is additive.
I recommend you read Fred Wilson’s recent blog post about the need for a well articulated business strategy before pushing a particular business model. I found myself in violent agreement with Fred’s blog post(s). He then brought her to board meetings so nobody could accuse him of not having a business model. ” True.
Anyone who reads this blog frequently will know that I am a big believer in low-cost video content and specifically the power of YouTube as a content creation & distribution platform. Our industry just took one big step towards legitimacy with the hiring of renowned media exec Ynon Kreiz to run Maker Studios. hours of TV / day.
Sometime around 2003/04 my technology team turned me on to “Spolsky on Software&# a periodic newsletter served up blog style from Joel Spolsky of FogCreek Software, a maker of bug-tracking software. Blogs weren’t popularized yet so it was an oddity for me to read the founder of a software company spewing out advice.
Jonathan Strauss took this issue head on in a blog post that I believe every startup founder should read on “ Replacing Oneself as CEO.” I know because I marked the occasion with a blog post on how to have a great VC meeting. ” But lately I’m more swayed by the wise words of Reid Hoffman.
I wrote this conundrum and the need to take charge of how the market define your skills in my much-read blog post on “ personal branding.” But if you want it in it’s full V1 glory read on … You’ve never been a CEO but might like to be one some day. Nobody sees you as a CEO since you’ve never been one?
What inspired you to invest in peer-to-peer marketplaces? VC-backed deals that normally investors wouldn’t have access to; Lyft and Spotify (which we invested in, as well) are two of them.”. I’m always looking for new ways to innovate. How did you get your foot in the door for investing in companies like Lyft?
The easiest way to work with and for VC funds is to become a part-time scout, getting paid for sourcing investments. How to find a job as a VC scout. VC recruiters list and compensation data. How to negotiate a partner role at a VC or private equity firm. Syllabus for how to launch, manage, and invest a VC fund.
David Teten is founder of Versatile VC and writes periodically at teten.com and @dteten. Akshat Dixit is a senior at North Carolina State University, an intern at Versatile VC , and a past intern with the HBS Alumni Angels Association and the Innovation Quarter in Winston-Salem, North Carolina. Scouts help promote diversity in VC.
A lot of people ask me what I think of posting to Twitter these days… (I’ll start calling it X as soon as I learn to stop saying Battery Tunnel and Triborough Bridge). Whether you want to continue to post to it is up to you—but I always tell people that creating content should be an exercise in creating value for yourself first.
I am not writing about this out of the blue – this seems to be the topic of the day in my social stream based on blogs written, retweets rendered and attaboys handed out. Carried interest is the upside that VCs get after returning the money they raised – it is the VC “profit” if you will.
As a VC I’m acutely that a “yes&# decision to support an entrepreneur can do just that, yet I only write 2-4 of them per year and maybe another 3-4 as an angel. Many of us have the ability to change the trajectory of other people’s lives. Sometimes we don’t even realize it. If I need to be blunt I am.
Among public tech companies, “product-led growth (PLG) companies — those who educate and convert buyers with product rather than sales and marketing (SLG) — operate at about 5% to 10% less profitability than sales-led motions,” venture capitalist Tomasz Tunguz highlighted in a blog post. ” OpenView Partners' Kyle Poyar.
Over the years, that check size grew slowly to $50K, then a few $100Ks, and I followed-on into a few at the $250K level, with two outsized pile-ins at $400K and $600K total exposure, respectively. That escalation from $25K back in 2013 took a little over four years. Fund investing is easy — fund management is not.
Source: DocSend At DocSend , we spend a lot of time analyzing the data behind what it takes for startup founders to market their ideas, land meetings with VCs, and in turn source and close deals?—?from from pre-seed to Series A. or really, jump on the Zoom meeting. But does it make sense to cast a wide net and contact as many LPs as possible?
VCs are at the forefront of technological disruption, funding many of the latest cutting edge productivity tools. The VC landscape has gotten much more competitive and crowded over the past several years, and if investors are not using software tools?—?they But what tools are they using themselves to automate their own processes?
For those following this blog and the seed market over the past decade, you may have noticed that every year, we see increases across the board — more investors, newer funds, and funds that get larger. Rather, this short blog is filled only with my own observations from being in the middle of the evolving seed market since 2013.
I know with a title like that I’m going to subject myself to people thinking I’m just being a grumpy, exclusive VC. And if you think this blog post was specifically targeting YOU because you asked me to lunch – it isn’t. That’s not the point. I’ll keep it short. They had never met. Not so much.
I have been reading Fred’s blog AVC for about a decade now. I sort of feel mentored by Fred via his blog, which is pretty remarkable for just writing words on the web and sharing them. Well, that time has finally come. Will folks be able to buy a house and raise their families here? These questions have been rattling around my brain.
Similarly, Elizabeth Yin of Hustle Fund highlights in her blog how she personally completed 345 meetings in a nine-month period for the firm’s first $11.5 Similarly, Elizabeth Yin of Hustle Fund highlights in her blog how she personally completed 345 meetings in a nine-month period for the firm’s first $11.5 million venture fund.
Ken Smythe, founder and CEO of Next Round Capital Partners — a capital markets and VC secondaries firm — validated our impressions. Welcome to The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. Every week, I’ll take a look at the hottest fintech news of the previous week.
I use another live Google doc to maintain my database of companies I’m marketing to other VCs. (To see the video above, please click the image, and then click on the Play button.). Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . 1) Manage the firm .
I use another live Google doc to maintain my database of companies I’m marketing to other VCs. Haystack VC runs almost entirely on Notion. (To see the video above, please click the image, and then click on the Play button.). When I was single, I registered for (a lot of) dating websites. The 11 Steps of Investing in Private Companies.
If you’ve followed me on Twitter or this blog, you’ve likely seen me ( too often ) talk about this term — The Series A — again and again. Lots of VC firms will cross-check various databases Crunchbase, Pitchbook, and Mattermark, etc. ” — Micah Rosenbloom of Founder Collective, April 2018.
They seek a VC model where dogma is less of a drag on the enterprise, and investment discovery can come from a wide network of smaller investors—mini LPs, in a way. Founders needn’t have revenue to draw VC investment, but they do need some way to show that they’ve validated the model.
As a VC let me specifically just speak out for our industry. As VCs we find ourselves in power relationships in nearly every interaction we have, which means we need a much higher standard of accountability for our actions. Real change is clearly needed. Men must speak up, too. An absurd version of this is the comedian Louis C.K.
Similarly, Elizabeth Yin of Hustle Fund highlights in her blog how she personally completed 345 meetings in a nine-month period for the firm’s first $11.5 And even the firms that hire a placement agent almost always still have to run their own internal process. . Greycroft in 2010 also had an experienced team, but didn’t either. Signaling. .
I already had a sense of the heaviness (in a good way) of my forties when I came across this excellent post on one of my favorite blogs WaitButWhy entitled “ The Tail End ,” in which the author uses pictographs to bring the succinctness of life and family time to reality. It’s on you, Carson.
Y might be utterly insignificant, but it doesn’t matter, because if my caveman VC brain can’t wrap my head around Y, anything you tell me after that will only get half attention while I try and figure Y out. Over the last couple of months, I’ve had the great pleasure of meeting with a ton of early stage startups.
Siplo is an online peer tutoring platform. Remedia BVBA uses technology to push people to meet each other, manage your team on the go and promote your services using location-based advertising. They offer an organizational tool to companies which make it possible to organize their employees based on their location. ” Canada.
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