Both Sides of the Table

DECEMBER 11, 2022

Starting in 2009 I began writing checks consistently, year-in and year-out. During this era, from 2009–2015, most founders I knew were in it for building great & sustainable companies. In a world when LPs benchmark VC performance on a 3-year time horizon from deploying one’s fund (is your 2019 fund in the top quartile!!??)

Venture Capital 466

Venture Capital Startup Marketing Pricing 466

Both Sides of the Table

SEPTEMBER 15, 2022

Probably not and 10x (May 2022) seems more in line with the historical trend (actually 10x is still high). million, our Seed Funds mostly between $200–300 million and have delivered median ownerships of ~20% from the first check we write into a startup. In 2009 we could take a long time to review a deal. discipline & focus.

Venture Capital 416

Venture Capital Marketing Technical Review Seed Funding 416

Both Sides of the Table

JULY 26, 2022

The industry has obviously changed enormously in 2022 but in many ways it feels like a “return to normal” that we have seen many times in our industry. 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.

Startup 408

Startup Venture Capital Writing Invest 408