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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

What You Can Learn From Public Markets It doesn’t really take a genius to realize that what happens in the public markets will filter back to the private markets because the ultimate exit of these companies is either an IPO or an acquisition (often by a public company whose valuation is fixed daily by the market).

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Why the LP Outlook is Good for Venture and Startups in 2017–2020

Both Sides of the Table

Chang Xu for her tireless effort in helping me prepare and analyze the data) If you met with LPs to raise a fund in 2009–2012 the most common refrain was, “We have too many managers and too many dollars in venture. link] So here are some details (please thank & follow! We’re trying to limit our exposure.” Will it last?

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Here’s Why a Booming Tech Market May Fool You into Thinking You’re Successful

Both Sides of the Table

Since 2009 we’ve been in an unequivocal bull market. An impressive number of new VCs have been created – most of them with new seed funds. Growth markets have a way of fooling us all. When markets start to turn shelfware companies are the quickest to die.

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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

Yves Sisteron , Stuart Lander & I (depicted in the photo below) have worked together for more than 22 years now and that has taken us through many cycles of market enthusiasm & panic. Considering that many of our funds are in the $200–300 million range, these returns were more meaningful than if we had raised billion dollar funds.

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What is the Definition of a Seed Round or an A Round?

Both Sides of the Table

When I first became a VC, seed rounds were typically $500k – $1.5 There weren’t a lot of seed funds in 2007 so this was often done by angels, funding consortia or sometimes early-stage funds that existed then (First Round Capital, True Ventures, SoftTech VC, etc.). Why the latter? So back to reality.

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The Changing Structure of the VC Industry

Both Sides of the Table

15 years ago we were at the peak of Internet hype with the launch of many over-capitalized businesses with a market size & opportunity was limited. The VC market has right-sized (returned back to mid 90′s levels & less competition). ” Stated simply – if you seed funded Uber at $4.5m

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More Great News for #LATech – Crosscut Ventures Raises $75 Million Fund

Both Sides of the Table

Crosscut Ventures has just announced their 3rd fund and clocking in at $75 million , which will be focused heavily on Los Angeles – FTW. The threesome has the perfect mixture of backgrounds to launch a seed fund. This includes GumGum where they led the seed round and it was only the second VC deal I had ever done in 2009.

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