Both Sides of the Table

JULY 27, 2014

Scott and I agree on nearly everything: The VC structure is changing and there appears to be a bifurcation into small & large VCs with an impact on “traditionally sized” VCs. The only point we didn’t seem totally aligned on was what we happening to the “middle of the VC market.”

VC 309

VC SaaS strategy ventures 309

Both Sides of the Table

SEPTEMBER 29, 2009

Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. I would argue that the shut-down of September 2009 was equally severe yet there are signs that this “VC Ice Age” has begun to thaw. Why did the VC markets freeze so quickly? Short answer – yes.

VC 263

VC board investing investment 263

A VC: Musings of a VC in NYC

OCTOBER 12, 2020

My partner Albert told me that when you factor in the financing costs of this swap, the average home in the Northeast United States could save $1000 to $2000 a year by doing this swap. It has gotten less expensive to do this swap out as solar and heat pump costs have come down.

energy 363

energy finance financing innovation 363

Both Sides of the Table

JUNE 28, 2011

I will argue that LPs who invest in VC funds will also need to adjust a bit as well. These two trends had a major impact on the computing industry from 2000-2005 but the effects weren’t yet felt by the VC industry. I have called the creation of Micro VC as the most important change in our industry and I believe it.

venture capital 334

venture capital capital ventures VC 334

Both Sides of the Table

OCTOBER 3, 2011

But last week I noticed a blog post by a woman, Tara Tiger Brown, that asked the question, “ Why Aren’t More Women Commenting on VC Blog Posts? She has a quote from literally every major VC from whom you’d want to hear. ” [it's short, you should read it]. Please watch this. Every single one.

entrepreneurs 341

entrepreneurs entrepreneurship VC pitching 341

Both Sides of the Table

JUNE 27, 2013

We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). If you’ve been following the press about VC funds you’ll know this is no small feat. Let’s start with the fund. This month we closed our 4th fund of $200 million.

ventures 343

ventures venture capital advice VC 343

Both Sides of the Table

JANUARY 31, 2011

I’m enjoying being a VC. I thought I’d talk a bit about the differences I’ve experienced between being an entrepreneur & a VC – you know, from “both sides of the table.&#. VC meetings going well. 2 million in VC. I swore never to do that as a VC. What do VC’s Experience?

entrepreneurs 384

entrepreneurs startup VC real estate 384

Both Sides of the Table

JULY 12, 2011

He and I once took different sides of an debate about whether “VC signaling&# in early-stage deals is a serious problem or not. So it was fun to turn the cameras on him for 45 minutes for a special “NY edition of This Week in VC&# and hearing his views. I’ve also found him to not be dogmatic either.

entrepreneurship 281

entrepreneurship VC angel investing venture capital 281

This is going to be BIG.

JANUARY 6, 2019

Ask any VC how excited on a scale of one to ten they are about their latest deal, and they’ll tell you eleven out of ten. Veterans will probably be a little more cautious and tell you they’re at a ten out of ten—but despite knowing all the risks, a VC simply isn’t going to get over the line unless they’re pretty blown away by an idea.

pitching 244

pitching VC strategy investment 244

This is going to be BIG.

MAY 11, 2012

16k+ Twitter followers, 5500+ e-mail subs a week, 6th most read VC blog, appearences on Bloomberg and CNBC and I can't use any of it to market any kind of financial product--but if I wanted to sell you a watch or build a video game, I'd be set. Want to know why there aren't more female partners at VC funds? [scratches bald head].

ventures 314

ventures incubation VC venture capital 314

Both Sides of the Table

APRIL 15, 2010

I don’t believe that search is the only answer in 2010 as it was in 2000. I found this investment strange since normally VC’s hate to bet on gaming companies. In my mind, not a typical VC investment. In the interview we also covered: - How are VC funds structured: closed-funds vs. evergreen funds? OTHER STUFF.

venture capital 271

venture capital capital ventures VC 271

Both Sides of the Table

FEBRUARY 3, 2011

As many of you know I run a weekly webcast called This Week in VC that’s getting between 25-35,000 weekly views across ThisWeekIn.com, YouTube & mostly iTunes. They never did any PR or marketing to get their videos to first get shown on the news during the 2000 election. Yesterday’s show floored me.

mix-use 303

mix-use VC advice creativity 303

A VC: Musings of a VC in NYC

SEPTEMBER 15, 2019

The other interesting thing about that chart is why the hit rates and returns in the venture capital industry have not returned to pre-2000 levels. Before 2000, the venture capital business was a bit of a cottage industry. Before 2000, the venture capital business was a bit of a cottage industry.

venture capital 184

venture capital VC sustainability capital 184

David Teten VC

MARCH 1, 2022

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.

VC 128

VC venture capital accelerator ventures 128

Both Sides of the Table

OCTOBER 9, 2013

Raise a big VC round – yeah! VCs even offered me to cash out seven figures personally not to sell. But I had been down this road in 2000 and I saw how punishing markets could be when you didn’t sell and had an offer. I know it’s not what it used to be, but news flash – it’s still a million dollars!

advice 405

advice VC creativity opportunity 405

Both Sides of the Table

APRIL 20, 2011

They have totally changed the way you run a VC firm, investing heavily in systems & events for their founders that are pushing the boundaries of the way our industry works. It is clear that he is simply passionate about being a VC and participating in this industry. Howard is successful enough that he doesn't need to work.

capital 284

capital board VC pitching 284

Both Sides of the Table

NOVEMBER 14, 2010

And so it happened that between 2000-2008 I was the biggest buzz kill at dinner parties. We haven’t hit that wall yet for three reasons: 1) not enough elapsed time, 2) the VC market is frenzied now, too and 3) we haven’t seen a market downturn since the volume picked up. Great businesses take 7-10 years to build.

angel investing 299

angel investing investment investing real estate 299

TechCrunch

AUGUST 29, 2022

Andrew Chan is a senior associate at Builders VC , investing in early-stage companies that are transforming pen and paper industries. Gen Z VCs have raised funds, garnered social media followings and profited from the Gen Z mentality. Andrew Chan. Contributor. Share on Twitter. Objectively speaking, and much to my chagrin, I’m a Gen Z.

VC 100

VC media venture capital investing 100

Both Sides of the Table

SEPTEMBER 14, 2016

I recently read a blog post by Beezer Clarkson, Managing Director of Sapphire Ventures about why entrepreneurs should care about from whom their VC funds raise their capital. There are a lot of things I think entrepreneurs should care about when raising from a VC: How big or small their fund is? Beezer did.

entrepreneurs 237

entrepreneurs VC mentorship strategy 237

Both Sides of the Table

JANUARY 31, 2010

We raised a seed round of capital in 1999 and our first venture capital round was the first week of March 2000 (e.g. But this was early 2000 and our US competitors had already closed rounds North of $45 million. We had a $40 million round lined up to close in the Autumn of 2000. Our first big institutional round was $16.5

entrepreneurs 308

entrepreneurs advice real estate venture capital 308

Both Sides of the Table

JULY 29, 2010

People assume that I’m biased because I’m a VC and think you should always get the highest valuation possible. The A round was done in February 2000 (end of the bull market) and my B round was done in April 2001 (bear market). 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

FEBRUARY 14, 2016

I’d like to explain as best I can my opinion on what is going on because most of what I hear from entrepreneurs is not only wrong but is reminiscent of what I heard in 1997-2000. What is the True Sentiment of VCs? Brad was openly writing about this and it felt like he was giving the VC playbook away for free!

startup 285

startup VC entrepreneurs investment 285

Tomasz Tunguz

JANUARY 26, 2020

2018 and 2019 exceeded the heady days of 2000 in terms of dollars deployed. Second, as competition has intensified, VC funds have invested in platforms (we call it founder experience at Redpoint). First, venture capital has become much bigger.

disruption 92

disruption VC real estate venture capital 92

Both Sides of the Table

FEBRUARY 27, 2011

Still, as a VC I value proprietary dealflow & long term relationships. I know it was over heated when a deal where I wrote one of the first checks on (as an angel, not VC) went out on AngelList. Mostly, I don’t believe that a VC not being on AngelList is “anti entrepreneur&# – it is not. My personal use.

angel investing 267

angel investing VC mix-use entrepreneurs 267

A VC: Musings of a VC in NYC

JULY 23, 2020

Ad-buying opportunities within podcasts have historically been manual and limited, not unlike the process of purchasing web ads pre-2000. Gumball is a marketplace where advertisers post live read ads and podcasters pick them up and read them on their shows.

networking 196

networking education opportunity media 196

A VC: Musings of a VC in NYC

DECEMBER 31, 2022

The carnage has been massive and reminds me of what happened to the web sector in 2000/2001. Many large centralized entities; lenders, exchanges, crypto funds, etc, blew up when the value of web3 assets declined 70-90% over the course of 2022. Some of this has been markets doing their thing, but not all of it was.

disruption 244

disruption accelerator capital startup 244

Both Sides of the Table

JUNE 29, 2017

link] There’s no doubt in my mind that “LA is having a moment” and both VCs and LPs realize it. LPs (the people who invest in VC firms) have clearly voted in favor of LA with the creation of 15+ new early-stage venture firms and the continued growth is size and team of the great larger firms that are well established.

ventures 287

ventures venture capital VC capital 287

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 finance financing 309

TechCrunch

JUNE 10, 2022

Before Karl Alomar became managing partner of VC firm M13, he led one company through the dot-com bust of 2000 and helped another survive the Great Recession of 2008. Full TechCrunch+ articles are only available to members. Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription.

VC 81

VC real estate advice pitching 81

Both Sides of the Table

DECEMBER 13, 2010

Within a year, by late 2000 / early 2001 consulting firms were firing people en masse. I was reminded of all this this when I read a blog post by one of my favorite thinkers on the VC market, Bryce Roberts, who talked about “ unfundable companies.&#. Most of the Internet startup consulting firms went bankrupt.

consulting 302

consulting leadership entrepreneurs advice 302

Both Sides of the Table

JUNE 5, 2011

I’m a VC so I have an obvious bias. It was early 2000. I saw this kind of pricing when I first entered the VC market in 2007. I saw this kind of pricing when I first entered the VC market in 2007. What I caution entrepreneurs from doing is raising money at significantly ABOVE market valuations. That was market.

startup 336

startup advice pitching investing 336

TechCrunch

NOVEMBER 10, 2020

Founders who manage to raise more VC funds end up having a greater value stake in their company when the time comes to IPO, according to statistical research. The learning curve is steep; you’re not just studying VC as an industry, but the individual investors themselves. But the opposite is also true.

venture capital 107

venture capital capital ventures founder 107

Both Sides of the Table

JANUARY 22, 2011

I’m enjoying being a VC. I thought I’d talk a bit about the differences I’ve experienced between being an entrepreneur & a VC – you know, from “both sides of the table.&#. VC meetings going well. 2 million in VC. I swore never to do that as a VC. What do VC’s Experience?

entrepreneurs 176

entrepreneurs startup VC real estate 176

Tomasz Tunguz

OCTOBER 3, 2022

More financings occur outside San Francisco, but Bay Area companies now raise 2000 to 2500 rounds per year, up from 404. It’s not that VC dollars have left San Francisco to fuel other geographies. Plus, SF startups raise 26x more capital to grow than a decade ago.

startup 123

startup startup ecosystem health VC 123

Gust

OCTOBER 17, 2012

Andy says: “If the average VC fund barely makes money, and seed investments represent even less compelling opportunities than the ones pursued by venture capital firms, then the typical return for angels must be atrocious.” It is not highly concentrated geographically, or in the bubble of 1998-2000, or in any industry.

angel investing 152

angel investing venture capital investing investment 152

Tomasz Tunguz

JUNE 5, 2021

Our story starts in the bottom right of corner in the year 2000 with 6% interest rates and $18.2b The y-axis tracks enture capital investment by year and the year of the data point resides in the reddish circle.

venture capital 145

venture capital capital ventures VC 145

Tomasz Tunguz

JULY 15, 2015

In Q2 2015, VC investment totaled $16.7B, about a 66% of the $28B deployed in Q2 2000 according to a new report. However, the number of investments per quarter is about half of 2000. And the trends shows no sign of stopping. Combined with the chart above, this implies that fewer startups are raising substantially larger rounds.

venture capital 40

venture capital VC investing investment 40