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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. So the people who invest in VC funds have two problems.

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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

It’s like people arguing that there’s a beautiful beach house in 2006 that represents great long-term value due to scarcity of similar property. million pre-money valuation is now raising $1 million at a $12 million valuation the next investor has nowhere to go but up (or sit out the investment). And well they should be.

Pricing 309
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A Few Key People Really Can Make a Huge Difference

Both Sides of the Table

It’s why my investment philosophy is called, “ the entrepreneur thesis.&#. Consider just how much exposure the Austin community gets every year due to SXSW. I prefer not to do any angel investments because I focus on my VC funds but it was gratifying to write some small checks to support local teams.