Both Sides of the Table

MAY 15, 2010

It’s always fun chatting with Jason because he’s knowledgeable about the market, quick on topics and pushes me to talk more about VC / entrepreneur issues. The following was available: “I kept hearing about startups that raised VC funding, but which hadn’t filed Form Ds (nor issued a press release).

VC

Both Sides of the Table

SEPTEMBER 15, 2010

This is where VC comes in and why it’s needed in the industry no matter how much populist sentiment exists against the VC industry. I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel-good startups. It’s hard to say.

angel investing

Both Sides of the Table

JUNE 3, 2010

This was really a fun week at TWiVC because we decided to have an entrepreneur come and talk about raising capital rather than having a VC come on. In particular I tried to do most of the “entrepreneur advice on VC” up front so that if you don’t want to watch our views on the deals you don’t have to. OTHER DEALS: 1.

VC

David Teten VC

JUNE 9, 2021

See How to negotiate a partner role at a VC or private equity firm.) At Versatile VC , we’ve used all these models. Thank you to my co-author for this essay, Paulina Symala, a Consultant at Oliver Wyman and a past intern of Versatile VC. Certain VC funds offer “Fellowships” for industry executives. Expert Networks.

consulting

Founders Coop

FEBRUARY 21, 2024

Just two years later, in 2009, we worked out a deal to create the Techstars Seattle program, with our first program running in 2010. What did we owe our sponsors, and did that put us in conflict with our commitments to give founders the best possible advice, and to never waste their time?

startup ecosystem

David Teten VC

AUGUST 19, 2019

Does the traditional VC financing model make sense for all companies? VC Josh Kopelman makes the analogy of jet fuel vs. motorcycle fuel. VCs sell jet fuel which works well for jets; motorcycles are more common but need a different type of fuel. . 2018 also had the fewest number of angel-led financing rounds since before 2010.

founder

TechCrunch

DECEMBER 8, 2020

“We did hear that and I think it’s very poor advice,” he says. There is every likelihood that Zennström’s Atomico would have joined Klarna’s cap table in 2010 if it weren’t for a single line of text published on the VC firm’s website, which read something like, “don’t contact us, we’ll contact you.”

investment

TechCrunch

DECEMBER 8, 2020

“We did hear that and I think it’s very poor advice,” he says. There is every likelihood that Zennström’s Atomico would have joined Klarna’s cap table in 2010 if it weren’t for a single line of text published on the VC firm’s website, which read something like, “don’t contact us, we’ll contact you.”

investment

Both Sides of the Table

SEPTEMBER 14, 2010

Yet the truth is that I see angels with great deal flow & great instincts whom I believe will only perform well in times that favor angel investors (like 2010) where there are early exits. Tags: Startup Advice Tech Market Analysis VC Industry. I don’t believe these times will last.

angel investing

Entrepreneur's Handbook

APRIL 25, 2022

Here’s the advice I wish someone told me when I started. you don’t want to be the guy who sold 10,000 bitcoin to purchase two pizzas in 2010. Kevin Rose ( @kevinrose ): partner at VC firm True Ventures , host of the Modern Finance and Proof podcasts. But it wasn’t always this way. Trust me?—?you So, why is crypto revolutionary?

networking

Both Sides of the Table

SEPTEMBER 14, 2010

This is where VC comes in and why it’s needed in the industry no matter how much populist sentiment exists agains the industry. I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel good startups. got picked up early without raising a lot of VC.

angel investing

Unvalidated Learnings

OCTOBER 5, 2016

Johnson, the company’s first employee, built an epistolary community of fellow runners (a forum of sorts), who, in exchange for his expert advice, would provide him with invaluable product feedback: “ Unlike me, however, most customers came to depend on Johnson’s letters. Most wrote him back. He didn’t finish the sentence.

startup

David Teten VC

NOVEMBER 23, 2020

Here’s what I said: In your career in tech and VC, how has your focus on ESG responsibility changed over time? When we launched in 2010, I saw a white space: a burgeoning NY tech ecosystem, but only one angel group regularly writing checks. How do you leverage your VC expertise in politics? Are you politically active?

venture capital

David Teten VC

NOVEMBER 23, 2020

Here’s what I said: In your career in tech and VC, how has your focus on ESG responsibility changed over time? When we launched in 2010, I saw a white space: a burgeoning NY tech ecosystem, but only one angel group regularly writing checks. How do you leverage your VC expertise in politics? Are you politically active?

venture capital

TechCrunch

MARCH 9, 2021

That said, Norway’s VC community has been somewhat dormant for a while. What is your advice to startups in your portfolio right now? billion in 2010, Video Valley (the area of Lysaker right outside of Oslo) has churned out a lot of successful companies within the space. How has COVID-19 impacted your investment strategy?

opportunity

Both Sides of the Table

JULY 14, 2015

As I’ve said before, “ You’d Have to be a Really Big Baby to Complain About Being a VC.” I called in the Y0 Yo Life of an Entrepreneur but it really applies to me as a VC as well. I wrote this in January 2010. I value the time with my wife to either chat, read or watch our favorite shows. Back to family.

VC

TechCrunch

SEPTEMBER 30, 2022

This morning marked the kickoff of VC firm 500 Global’s Fall 2022 Demo Day, which saw over a dozen startups give their best pitches to prospective investors — and customers. Both outfits look to back early-stage founders with money and advice in exchange for equity. It’s demo day season.

accelerator

Entrepreneur's Handbook

APRIL 24, 2021

Founders from outside a tech-ecosystem are surrounded by bad advice, since building a startup is different from other kinds of businesses. 1) Don’t hoard your idea, share it freely The 2010 drama, the Social Network , depicted every entrepreneur’s worst fears. I found that the opposite is true. Let’s dive in. (1)

startup

This is going to be BIG.

NOVEMBER 1, 2016

When Chantel asked investors for $3mm for her seed round back in 2010, people stood up and took notice. So if you're a super early stage with just a prototype, you might not think that a VC fund is the right fit for you--so you wind up at an angel group. VCs don't go later and angels don't go earlier. Venture investing is hard.

advice

Both Sides of the Table

SEPTEMBER 2, 2009

This is part of my ongoing series “ Start Up Advice &# but I’d really like to call this post, “VC Advice.&#. We exchanged ideas when I was an entrepreneur along side him in NorCal in 05-07 and my point-of-view on founder / VC relationships hasn’t shifted even 1% since I went to the dark side.

founder

Venture Hacks

APRIL 17, 2019

Incentives make for bad investing advice. Valuations for pre-traction companies between 2005-2010 were $1-5M pre-money for the first non-friends-and-family round. These valuations moved to $4-6M pre-money after 2010, with some demo days in the $8-10M range. Incentives make for bad investing advice. Back $0B companies.

angel investing

Both Sides of the Table

MAY 7, 2018

This post has some basic advice on how to plan your raise before you hit the road. Many points will seem obvious but since I observe many fund-raising processes as a VC I can tell you that most people get even the basics wrong. In 2010 I didn’t know a single thing about LPs (the people who invest in VC funds).

board

Revolution

MARCH 1, 2023

VC dollars are at risk, we conducted a historical analysis of top quartile fund managers over the past quarter century (as far back as we could access reliable Cambridge Associates data). We looked at the analysis in two parts: the 1997–2010 time period and the 2011–2020 time period. But what could that look like?

advice

Both Sides of the Table

JANUARY 31, 2010

I had finally appeared on the front cover of a magazine (TornadoInsider – then the top European VC magazine) but I felt so fat in the picture I never sent it to anybody. My wife said to me, “I thought you weren’t supposed to work entrepreneur hours when you’re a VC?&#. But now I’m nearly 42.

entrepreneurs

Both Sides of the Table

SEPTEMBER 19, 2010

I wonder what this company would look like in 2010 as an independent? But to understand how super-angels and not just VCs get in on this act check out Aydin Senkut’s record. We talked about her desire to sell the company for personal reasons rather than raise a large round of VC. I agreed to help.

angel investing

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

Both Sides of the Table

OCTOBER 6, 2012

It all started in 2010 with Klout. From this debate about Klout John and I have had a series of in person meetings and debates about our industry (both VC & tech) and what is changing. 2:00 Why don’t you like the term VC? 7:00 80% of the VC funds last year went to a small handful of funds. SHOW NOTES.

venture capital

Both Sides of the Table

NOVEMBER 28, 2010

I’ve added it to my list of 2010 lessons learned as a VC and I’m a bit pissed off with myself for not fighting harder – especially because I was convinced I would make a better investor than the “brand name&# they had selected who was thousands of miles away. Tags: Startup Advice.

consulting

Both Sides of the Table

AUGUST 24, 2015

If market slumps persist the woes will extend into LPs who will take a wait-and-see approach to investing in VC funds making 2016 an unpleasant year to be raising. The impact hits VCs in an immediate way that most entrepreneurs don’t realize. Watch the market closely. So I’ll come full circle. I wrote this in one sitting.

finance

Both Sides of the Table

AUGUST 30, 2010

You then get a big VC to invest at a high price and you realize that means your angels are going to be unhappy with how much they own of your company after the financing relative to what they THOUGHT they would own. In frothy markets (like we’re seeing in August 2010) this happens more frequently.

financing

Both Sides of the Table

DECEMBER 13, 2010

And coming to the end of 2010 I feel a sense of reminiscence of some of the trends from a decade ago. 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.&#. I suspect when the wind calms down Bryce will be well positioned.

consulting

Both Sides of the Table

OCTOBER 15, 2016

Defy Ventures runs business plan competitions and has people like us who attend and give business advice and feedback. I know because I went back a second time with 75 or so tech executives and VCs and my inbox is flooded this morning. Catherine (Cat) Hoke founded the program in 2010 and launched the business plan competition in 2012.

ventures

Both Sides of the Table

JANUARY 28, 2012

Fred Wilson wrote two posts in 2010 that were very influential with the startup community. Kind of like a law firm (or VC firm) with four partners but shortened to just two, people dropped off his second two words. The titles were: Mobile First, Web Second. Mobile First, Web Second (continued).

real estate

Both Sides of the Table

MAY 20, 2018

Maybe this is reverse “hanging around the rim” where if you keep you VC process going long enough you’ll eventually get to “yes?” I once had a potential LP back in 2010 (when fund-raising as a VC was harder for me) tell me that he thought he was a better fit to look at our next fund rather than this one. Wait, there’s more!

peer-to-peer

TechCrunch

JUNE 29, 2022

The Bank for International Settlements, meanwhile, estimates that in the decade between 2010 and 2020, fintech companies attracted more than $1 trillion in backing. But as my colleagues Alex Wilhelm and Mary Ann Azevedo recently wrote , the pace of fintech investing has generally outshone the global VC boom. The tides might be turning.

incumbents

This is going to be BIG.

MAY 5, 2023

I know it’s a bit of a cliche that VCs say they like to be helpful, but I really do think of this as a service job—not one that’s purely about asset allocation. This is how Fred Wilson described me back in 2010. It hasn’t always been as rewarding as it could be, however. I took a lot of pride in that when I first read it.

ventures

Both Sides of the Table

APRIL 14, 2010

It’s meant to be a bit provocative but the reality is that I give this advice to entrepreneurs all the the time and I usually leave the “e&# off of the end. I normally offer this advice in the capacity of really wanting to help entrepreneurs so please bear with me. It is 2010. Not so VC. So what happens?

venture capital