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A $30B Software Company from a $15m Investment

Tomasz Tunguz

A former venture capitalist, Mark Leonard started Constellation in 1995 with $15m of outside investment & a goal of buying vertical software companies with a moat & good unit economics. From 2003 to 2014, Constellation’s revenues compounded from $80m to more than $5b, an average of 25% annually. . # of BUs. %. >

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

Dream It

Martino founded Bullpen in 2010 with a focus on post-seed, pre-Series A startups, and he led the fund’s investments in companies like FanDuel, Namely, Ipsy, SpotHero, Classy, and Airmap. This geographic distinction is now less about actual geography and more about mentality and style of investing of these types of firms.

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S3 Ventures, Tacora close on new funds to boost Austin startups

TechCrunch

Austin’s venture capital scene has been hot for years now, but a pair of local investment firms just closed on new funds aimed at injecting more capital into startups in Austin and elsewhere. Axios reported that this was 211% over the number of dollars invested in 2020. ?.

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Bad Notes on Venture Capital

Both Sides of the Table

On the phone … Me: So, you raised venture capital? Me: When an investor signs a note with a cap they must assume they are willing to pay the cap or why would they invest? Me: So, who was willing to invest in that? Doesn’t their investment determine the price of the next round? We raised a seed round.

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Making Sense of the Stock Market Drops in Relation to Venture Financing

Both Sides of the Table

I’ve seen friends (and family members) lose much of their savings that way over the years because “Black Swans” happen and in 1987, 2001, 2003 & 2008 (just to name a few from my memory) huge market gyrations caused much financial distress to people seeking short-term gains. So, too, investments. Neither do I.

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Keeping It Simple

A VC: Musings of a VC in NYC

Investing is humbling. At 60, with 35 years of venture investing experience, I still get most things wrong. I bought Bitcoin and went about finding a Bitcoin investment to make. I met Mena Trott at a Nick Denton party in NYC in 2003 and she explained blogging to me. Which is why I like to keep things simple.

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How to Win Consulting, Board, and Deal Roles with Private Equity and Venture Capital Funds

David Teten VC

Would you like to work with private equity and venture capital funds? There are relatively few jobs directly inside private equity and venture capital funds, and those jobs are highly competitive. Venture capitalists often come from an operating background. Venture Capital. Asian Venture Capital Journal (free trial).