What I Learned In 2015: Jeb Spencer, TVC Capital

socalTECH

Today, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund which just raised a new fund, and has had some great success in the market. TVC Capital has also been a big supporter of socaltech over the years.

Why 2017 Should be a Great Year to Raise Venture Capital

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Recently Upfront Ventures published its outlook for the technology startup world and venture capital overall titled it “ WTF Happened to Winter ?” venture-capital startup

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What Do LPs Think of the Venture Capital Markets for 2016?

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At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market. LPs Still Believe Strongly in Venture Capital as a Diverse Source of Returns. Summary.

Changes in Software & Venture Capital – Part 2 of 3

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Yesterday I wrote Part 1 of the series on the changes to the software industry over the past decade that has led to changes in the venture capital industry itself. Maybe Micro VCs will get larger and emulate a multiple-partner strategy like True Ventures or First Round Capital.

Venture Capital Q&A Session

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We received so much positive feedback from our This Week in Venture Capital show walking through valuation calculations & term sheets that we decided to do a Q&A show this week to address topics that entrepreneurs want to learn about.

Getting Your Head in the Game for Fund Raising

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It’s why raising a round of capital often feels like a hollow victory because it almost feels like a temporary reprieve from the Grim Reaper and in a way every new round just sets the bar higher to clear for the next round of financing or the hope of reaching profitability.

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The Pivot You Need to Read About

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GOAT just announced it raised $5 million in venture capital led by our friends at Matrix Partners. It’s a Chanukkah story where 18 months of venture capital funding ends up lasting more than 4 years and where against all odds the underdog succeeds.

Get to Know Richard de Silva of Highland Capital

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I took the opportunity this past week to publish summary notes of some of the VCs and entrepreneurs I had interviewed on This Week in VC. TWIVC Summary – Richard de Silva. He was introduced through mutual friends to Highland Capital. This Week in Venture Capital

How Do VCs Choose Their Investors (and should entrepreneurs care?)

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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. Stable Capital Amongst the hardest things to find when one raises a new fund is ability to have stable capital.

If You Don’t Have a Discrete Hypothesis You Are Incapable of Failing

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I interviewed Eric for an hour for - This Week in Venture Capital. Or if you’re pinched on time the summary is below and the time coding can help you watch a brief snippet on topics that interest you. 26:44 Too much capital is not good. This Week in Venture Capital

How to Develop Your Fund Raising Strategy

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There is all sorts of advice on the Internet about how to raise capital. I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls. Executive Summary. But the summary for you is: - get an intro.

How to Better Manage Relationships with Your VC

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In summary, VC partnerships are like any organization. Raising Venture Capital Startup Advice Just back from 2 solid weeks on the road in Boston, New York & Philly. I spent countless hours with VC firms, startups & LPs (the people who invest in VC firms).

Going to Raise VC? Here’s a Primer on Process, People, Deck

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If you want a very quick primer on all the stuff nobody ever tells you about raising venture capital check out this video where Mark Jeffrey & I break it down on This Week in VC. A summary of what we discussed is below: Not 100% in order of the video, but close.

Fauxmentum

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“the ecommerce company gained fauxmentum by raising artificially high amounts of venture capital and spent lavishly on customer acquisition despite long payback periods and questionable LTV” __. Summary. Raise capital when you can and raise slightly more than you need.

Want to Know How VC’s Calculate Valuation Differently from Founders?

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Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Tags: Startup Advice This Week in Venture Capital

What To Do When Your Competitor Gets Funded?

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announced they raised $9 million from Sequoia , arguably the best venture capital firm that exists. ” In summary: The competitors are the incumbents. If well capitalized (like we are at MakeSpace – remind investors of that). This morning Clutter.io Congratulations. Sincerely. Conventional wisdom says I shouldn’t tell you this because I invested in their main competitor, MakeSpace.

What to Make of Andreessen Horowitz’s Returns?

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But I do know that nobody I know in the industry (Ok, maybe 1 or 2 people) doubts that A16Z is building a great venture capital firm that will have enviable returns.

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This Week in Venture Capital – Episode 2

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I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. You can watch this week’s TWiVC episode by clicking on the link and my summary notes are below. {if Tags: This Week in Venture Capital VC Industry

Free Startup CTO Consulting Sessions

SoCal CTO

This overview (executive summary) needs to include: Product and Business What is the product? Have you raised capital? We can likely provide technical strategy help at little to no cost, but hard core development generally requires that you have found someone to do it for you for equity or that you have some capital available (think $50K+). If you primary questions right now are how to raise capital, that's not us.

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Why You Shouldn’t Decide Anything Important at Your Board Meeting

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Whether you should raise a big round of capital and from whom. Can we do an inside round of capital? Can we spend $500,000 on capital equipment? Summary. This article originally appeared on TechCrunch.

Interview with Richard Yen, Saban Capital

socalTECH

In what looks to be a challenging funding climate for entrepreneurs, we thought it would be interesting to talk to one fund which is still making investments--Saban Ventures (www.saban.com)--a new, digital media focused venture capital fund located in Los Angeles.

Why Raising Too Much Money Can Harm Your Startup

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I understand this instinct for more capital and I have two very different personal experiences: In my first company we raised an A-round of $16.5 Because investors need to imagine making a minimum of 10x their invested capital and early-stage investors are shooting for even higher multiples.

The Changing Structure of the VC Industry

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There has been much discussion in the past few years of the changing structure of the venture capital industry. The rise of alternative sources of capital (crowd funding and the like). The overall trends in our industry have breathed a new life into the venture capital industry.

The Morning After

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Last night I wrote a post about how the fall in the stock market over a 3-day period may affect the venture capital markets. Let me give you the quick summary of what I said yesterday: Public markets affect venture funding.

Venture Outlook 2016

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There is a lot of uncertainty about the state of the private, high-growth technology markets and the venture capital markets that underpin them. Technology riches yield bumper crops in venture capital with new firms and new largesses – the rewards of LPs rediscovering our asset class.

Here is How to Make Sense of Conflicting Startup Advice

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He came to me months ago asking about a “strategic round” of capital for his startup at a high price. Summary. Everybody has a blog these days and there is much advice to be had.

Interview: Naval Ravikant, Co-Founder AngelList and Co-Maintainer Venture Hacks

InfoChachkie

What follows is a summary which paraphrases Naval’s responses. Venture Hacks is educating entrepreneurs on the game theory of how to raise venture capital. We are productizing the raising of capital for startups. ”. Capital is very mobile, but capitalists are not.

Startup Fundraising 101: Getting Ready To Raise A Round

Tech Zulu Event

There’s plenty of capital out there, but there’s also a lot of competition for startup funding. His best advice: take capital where you can get it. If your product is capital-intensive this can be a good financing option. First things first. Why raise funds?

Free Startup CTO Consulting Sessions

SoCal CTO

This overview (executive summary) needs to include: Product and Business What is the product? Have you raised capital? We can likely provide technical strategy help at little to no cost, but hard core development generally requires that you have found someone to do it for you for equity or that you have some capital available (think $50K+). If you primary questions right now are how to raise capital, that's not us.

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In 15 Years From Now Half of US Universities May Be in Bankruptcy. My Surprise Discussion with @ClayChristensen

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Watch the 30-minute interview to hear why but summary notes below. He spoke about ROCE (return on capital employed). But “on capital employed” encourages companies to push more off balance sheet and thus into offshore & outsourced situations. Venture Capital.

8 Startup Lessons You Could Learn from Gotham Gal

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Below is a nice summary of our interview with some great quotes from Joanne. Startup Advice This Week in Venture CapitalIt’s easy to think that the wife of a well-known & successful VC ( Fred Wilson ) would have had an easy and storied life of wealth and privilege.

How Great, Operationally-Focused CFO’s Can Transform Your Business

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For a well-funded A or B round company I have recommended “ leveling up ,” which entails many things but in summary I tell people to “act your stage.” It freed up Ophir to grow out our sales organization, to work more closely with agencies, to innovate on product and to raise capital. A great CFO can help you negotiate venture debt to extend your runway or cover these working capital timing issues. Summary.

Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

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Summary notes, as always, provide below. Entrepreneur Advice This Week in Venture CapitalLast night I had the great privilege to interview Bill Gross , one of the Internet’s true pioneers. To say he has had an impact on the web would be an understatement.