A VC: Musings of a VC in NYC

JANUARY 1, 2024

As we enter 2024, the capital markets have found their footing and are moving higher. That is good news for the innovation economy because healthy capital markets are a necessary support system. However, optimistic capital markets are necessary but not sufficient for a healthy innovation economy.

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TechCrunch

APRIL 18, 2023

Simply put, equity risk premiums (ERPs) have broken down well below the ranges that were established since 2008. For the venture world specifically, this dynamic is compounded by the venture debt markets cooling, which in turn makes equity the most viable option for most. The data tells a clear and extreme story.

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Both Sides of the Table

DECEMBER 16, 2014

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Will our strategy change now that we have 40% more capital? . We raised $280 million.

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TechCrunch

AUGUST 17, 2022

ThreatX , a vendor selling API protection services to mainly enterprise clients, today announced that it raised $30 million in a Series B funding round led by Harbert Growth Partners with participation from Vistara Growth,406 Ventures, Grotech Ventures and Access Venture Partners.

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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). Perhaps the biggest piece of new news is that after 17 years of operations we’ve changed our name from GRP Partners to Upfront Ventures. Well, the venture capital industry has changed a lot in the past 20 years … and we have too.

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This is going to be BIG.

SEPTEMBER 30, 2012

venture capitalists are now asking tougher questions about start-ups' revenue and profits.". Well, they did ask David Chao of Doll Capital, who said that the " frothy bubble is over ". The last closed market we had was from about September 2008 until June 2009--10 months. What follows in this story is pretty laughable: ".venture

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A VC: Musings of a VC in NYC

JULY 27, 2021

The two most used measures of a venture fund’s performance are the “cash on cash” return and the “internal rate of return” (IRR). Our 2008 vintage early-stage fund has generated about 5x cash on cash but only generated a 22.5% Venture capital funds do not take down the entire capital commitment upfront.

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Both Sides of the Table

DECEMBER 11, 2022

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? What happened? It’s just a market.

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Both Sides of the Table

AUGUST 24, 2015

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. You don’t have a clue. Neither do I.

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Both Sides of the Table

SEPTEMBER 12, 2013

I am thrilled to announce that we have added Hamet Watt as a Partner at Upfront Ventures. This is a big news day at Upfront Ventures. He first came to see me in 2008 when we was raising money for his 1st startup – NextMedium. He will be a venture partner. I’ve known Hamet for 5 years. I stayed close.

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AsiaTechDaily

JANUARY 20, 2023

Register Singapore-based private equity firms Capital Square Partners (CSP) and Basil Technology Partners (BTP) have publicly announced a partnership that seeks to build a leading regional technology investment platform. Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet?

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Angel Capital Association

MARCH 13, 2023

The move should restore confidence and keep startups solvent and their employees employed, but there likely will be some longer-lasting psychological effects relating to capital risk that we should all be on the lookout for. history, behind only the 2008 failure of Washington Mutual with roughly $300 billion in total assets.

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Both Sides of the Table

APRIL 14, 2010

I know that the tone of the title and post will seem a bit aggressive for a post from a venture capitalist on fund raising. If you want to raise venture capital more easily the advice could be quite practical and counter-intuitive. They often have “dead&# or “tired&# investors who have stranded capital.

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Tomasz Tunguz

JULY 4, 2020

We reviewed the data in May and compared it to the effects of the financial crisis in 2008 on startup fundraising. As a reminder, 2008 saw a 40% reduction in venture dollars invested in startups. These corrections match 2008. We venture capitalists have raised record amounts of capital in the last 2-3 years.

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American Entrepreneurship

FEBRUARY 2, 2023

Greater Colorado Venture Fund raises $25 million dollar fund, in partnership with Colorado Venture Capital Authority; Funds will be used to galvanize, support and expand rural Colorado founders and entrepreneurs in their business building efforts. GCVF will deploy the initial investments from Fund II over the next five years.

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American Entrepreneurship

FEBRUARY 2, 2023

Greater Colorado Venture Fund raises $25 million dollar fund, in partnership with Colorado Venture Capital Authority; Funds will be used to galvanize, support and expand rural Colorado founders and entrepreneurs in their business building efforts. GCVF will deploy the initial investments from Fund II over the next five years.

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Both Sides of the Table

APRIL 20, 2011

If you read this blog often you'll know that I'm a huge fan of First Round Capital. One example is that they introduced a program where their founders can pool together shares from their company and exchange them for a small portfolio of other First Round Capital companies. In 2008 they raised a much larger fund $132.5

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Tomasz Tunguz

APRIL 1, 2019

In 2014, I published a post called Do Startup Require Less Capital to Succeed than 10 Years Ago ? In the analysis, I created a metric, the return on invested capital (ROIC). ROIC is the number of revenue dollars that one venture dollar bought. One venture dollar bought forty-two cents at IPO. of revenue at IPO.

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TechCrunch

MARCH 7, 2022

days of 2008. Blumberg Capital was the company’s first institutional investor. TechCrunch Live is thrilled to have CEO Netzer and Blumberg Capital partner Yodfat Harel Buchris speak to DoubleVerify’s early pitch deck on March 16 at 11:30am PT / 2:30pm ET. Click here to register for free! It only takes a hot second.

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TechCrunch

NOVEMBER 9, 2022

Mobile developers earned more than $260 billion on Apple’s App Store between its launch in 2008 and the end of 2021. Adapty’s round was led by Surface Ventures with participation from irrvrntVC , two funds with which the startup connected via 500 Startups.

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TechCrunch

JUNE 24, 2022

Alomar, who led startups through the dotcom bust of 2000 and the Great Recession of 2008, will talk about whether investors are still prioritizing growth over profits, and identify which proof points founding teams must define before their next raise. 3 tips for biotech startups seeking non-dilutive capital to weather the downturn.

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TechCrunch

AUGUST 4, 2023

Then, like a gut punch, the financial recession hit in 2008. Out of school, he joined In-Q-Tel, which is the venture arm of the CIA. If you rewind the clock, fintech was an area that was very hot and we were very active in deploying a lot of capital. After high school, he headed to Cornell in the U.S., That’s a good thing.

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TechCrunch

MARCH 14, 2022

days of 2008. Blumberg Capital was the company’s first institutional investor. TechCrunch Live is thrilled to have CEO Netzer and Blumberg Capital partner Yodfat Harel Buchris speak to DoubleVerify’s early pitch deck on March 16 at 11:30am PT / 2:30pm ET. Click here to register for free! It only takes a hot second.

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TechCrunch

MAY 24, 2022

What is happening to risk-taking in venture capital? I have looked at tech from both sides now (h/t Joni Mitchell ), as a three-time entrepreneur and as a venture investor through two downturns. This will help you ensure that they can continue to support your future capital needs. Be creative when tightening the belt.

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TechCrunch

MARCH 18, 2022

What is happening to risk-taking in venture capital? As an entrepreneur and venture capitalist who has lived through two downturns (the post-2000 internet bubble bust and the post-2008 financial crisis), I know that entrepreneurial innovation is always alive and that company-building is a marathon, not a sprint.

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This is going to be BIG.

MARCH 30, 2015

Sam Altman of YC recently pointed out that pulling back during the downturn in 2008 would result in several big misses: In October of 2008, Sequoia Capital—arguably the best-ever in the business—gave the famous “RIP Good Times” presentation (I was there). A few months later, we funded Airbnb.

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Ben Franklin Technology Partners

MARCH 21, 2024

For nearly 40 years, Ben Franklin has been providing investment capital, business support services, and operational assistance to emerging tech startups and small manufacturers. Since February 2008, ECGRA has invested more than $55 million in Erie County turning gaming revenue into transformative investments in Erie County, PA.

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Both Sides of the Table

JUNE 28, 2010

I had an hour to interview Mike Hirshland of Polaris Ventures. 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.

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TechCrunch

JANUARY 19, 2022

Less than 2% of venture capital funding went to all-female founding teams in 2021, marking a five-year low, new data from Pitchbook shows. So how is it that despite the recent boom in startup funding, the venture capital industry is actually becoming an even tougher place for women to raise money? of overall deal value.

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TechCrunch

AUGUST 15, 2023

That said, a paradigm shift of the broader venture landscape could be on the horizon. Family office investments increased by 5x , and corporate venture investments rose 6x , thus opening new capital avenues for founders who found it difficult to raise capital. The competitive landscape also underwent significant changes.

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TechCrunch

AUGUST 11, 2022

The companies that took their first venture capital during the craze decided to join forces with other well-capitalized competitors. Here’s who we surveyed: Ashley Bittner and Kate Ballinger , Firework Ventures. Malvika Bhagwat and Kriti Bansal , Owl Ventures. Jomayra Herrera , partner, Reach Capital.

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TechCrunch

JULY 23, 2021

The company raised $50 million Series C funding led by NewView Capital, with participation from SoftBank’s SB Opportunity Fund and King River Capital. During the 2008 economic downturn, Almond’s family lost their home. As part of the investment, Jazmin Medina, principal at NewView Capital, will join Paystand’s board.

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TechCrunch

FEBRUARY 24, 2023

“When you can’t quite make it to product-market fit, there’s a third choice that too many entrepreneurs, and their investors, overlook: selling out,” says Kittu Kolluri, founder and managing director of Neotribe Ventures. Full TechCrunch+ articles are only available to members. “How can you choose? .

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Tomasz Tunguz

NOVEMBER 17, 2022

The US venture capital ecosystem has grown 40x in dollars from $8b to $320b invested in 10 years. Fueled by this capital, startup company formation rates touched fifteen-year highs in 2021. I remember joining in 2008, a green product manager out of Google who had just landed his dream job. This era will be no exception.

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TechCrunch

NOVEMBER 16, 2022

Between 2010 and 2015, Evernote raised hundreds of millions of dollars in venture capital from investors including Sequoia, Meritech Capital and Japanese media company Nikkei. .” Under CEO Phil Libin, who joined the company in 2007, Evernote shifted its focus to the web, smartphones and Mac, starting with Evernote 3.0

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Revolution

DECEMBER 13, 2023

In general, periods in which capital is scarce, investors are cautious, and returns and asset values are weak offer the best times to take risks. Capital  — Measured by the lender tightening survey from the Federal Reserve. Taking extra risk in the 2001–02 and 2008–09 time periods paid off. That discomfort is the point.

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Dream It

JANUARY 23, 2019

Between that time and now, TrendKite raised approximately $46 million in venture funding. Dreamit Ventures is an early stage venture fund that accelerates startups building transformative tech products in the fields of healthcare, real estate/built environment, and security.

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