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Why Uber Should Go Public

Both Sides of the Table

Why AI is an important technology and investment area. I actually believe being public offers a long-term competitive advantage for the best run companies (and Darwin deals with those that aren’t meant to be special long-term). Is it a bad thing when public stocks get eviscerated (given USV has a few that have)? Worst system.

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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

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). Just because the valuation in absolute terms isn’t a big difference does not mean that people aren’t paying higher than intrinsic value for these investments.

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Why Startups Should Raise Money at the Top End of Normal

Both Sides of the Table

If you invested in the first angel round of a startup company it is usually very hard to sell your stock – usually for many years if ever at all. The earlier you invest the higher the chances the company won’t work out and thus you pay a lower price than later-stage investors. Private markets for stocks are the opposite.

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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 as of 2008 total LP commitments were still at nearly $250 billion.

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Interview with Scott Sangster, Tech Coast Angels

socalTECH

We thought today for our interview, that we'd get an update on the angel investment environment here in Southern California from Scott Sangster , the incoming President of the Los Angeles Chapter of the Tech Coast Angels , the biggest angel investment group in Southern California. Those are fundamentals that don't change.

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This Week in VC: Michael Montgomery (President, Montgomery & Co.)

Both Sides of the Table

If you don’t know Montgomery & Co it is one of the premier technology & media focused investment banks in the country (and as Michael corrected me they also have a strong Healthcare / Med tech practice). Should you use investment banks to raise venture capital? Revenue of ~$160mm in 2008. Watch the show!

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Understanding the Risks of VC Signaling

Both Sides of the Table

The problem with VC Seed Funding – Chris is right to raise the issue with entrepreneurs because there have been instances where large VC funds have set up seed programs where the investments have been used as “options.&# There are many problems with this. invested in the seed round they have more inside knowledge than I do.