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Playing the Long Game in Venture Capital

Both Sides of the Table

This “overnight success” was first financed in 2004. The abundance of late-stage capital is good for us all. It’s amazing to me that a company that just a little over 5 years ago was struggling to attract capital at much more than $100 million valuation can now ACQUIRE companies for this amount. The virtue of going long.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

He’s personally led more than 50 financing rounds. Company plans to use the capital to build out sales and marketing and r&d. -a led by Altos Ventures and Maverick Capital, with Larry Braitman. Current round: $7.0mm Series-B led by MK Capital, withClearstone Venture Partners and Shasta Ventures.

VC 248
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Why the NYC startup scene needs Sean Parker

This is going to be BIG.

He spotted Facebook in 2004 and Spotify in 2009. or would he have been convinced to take a financing round? I'm not surprised, because New Yorkers have more of a trading/investment mentality--thinking that it's better to take a sure $100 million than go for a home run with a lot more capital.

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This Week in VC with @VCMike Hirshland of Polaris Ventures

Both Sides of the Table

This lasted from about 2001-2004. Since then Mike his built his career by investing in early-stage companies (seed or series A), which is remarkable given that Polaris Ventures is a $1 billion fund. And Mike believes that entrepreneurs often need less capital to get started these days. Venture Financings we Discussed.

VC 230
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Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

In 2004 / 2005 I was starting to get intrigued with user-generated content. Yeah, that was when I changed for me…” “…there was so much positive feedback on demystifying this one element of venture capital. Brad’s start in Venture Capital. RSS was something that had appeared.” “….I was starting.

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The Guy Who Took on Google (and now LinkedIn): Mike Yavonditte

Both Sides of the Table

Mike Yavonditte is the founder of the “super hot&# Hashable , a startup out of NYC that has been described as a “ Mint.com for Social Capital ” Mike sold his previous company, Quigo , to Aol for $340 Million. The Union Square Ventures partners started whispering in his ear that “it’s all about social now”.

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Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million

Gust

Entrepreneurs and investors who have spent any time dealing with convertible debt seed financing transactions are likely to have encountered the subject of valuation caps. The cap is irrelevant if the next equity financing is at a valuation below the cap amount.)