Venture Capital is About Human Capital

Both Sides of the Table

Gregg Johnson, CEO of Invoca For the first 5 years or so after I became a VC I didn’t talk much about what I thought a VC should be excellent at since frankly I wasn’t sure. It’s easy to think the role of a VC is to have strong opinions about markets, trends, tech dynamics and so forth.

A Deep Dive into What Has Really Changed in Venture Capital

Both Sides of the Table

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. “We’re Others believe that new business models are emerging that could replace venture capital all together.

Changes in the Venture Capital Funding Environment

Both Sides of the Table

There was an explosion in number of startups both because it was cheap and there was tons of available capital. Non VC Growth Rounds. In Q3/Q4 2015 the market changed noticeably for VC funds and the market started to realize this by Q1 2016. VC Infighting.

Why Was Winter in Venture Capital Funding so Short?

Both Sides of the Table

It was only a year ago that many in the Venture Capital industry were predicting that “winter was coming” and to be fair the author of this post was chief amongst them. While this it total FDI as opposed to just venture, it should give you an indication of the international trend.

Venture Capital Q&A Session

Both Sides of the Table

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.

It’s Morning in Venture Capital

Both Sides of the Table

Many observers of the venture capital industry have questioned whether its best days are behind it. I can’t help feel a bit of rear-view mirror analysis in all of “VC model is broken” bears in our industry. They are, in fact, great news for traditional venture capitalists.

Is Venture Capital A Path To Riches?

InfoChachkie

Who makes more money, entrepreneurs or venture capitalists? Jason concludes that: A top founder takes much more risk, at least on paper, but can make a lot more than even the best VC of all time. A pretty good VC probably makes more than a pretty good and successful founder.

Kevin O'Connor, ScOp Venture Capital, On Startup Success and Investments

socalTECH

This morning's interview is with Kevin O'Connor , a longtime investor and serial entrepreneur, who is now running venture capital investment firm ScOp Venture Capital. Congrats on the new name for your venture capital firm. Just this past September was a year with Amazon, when I left, and we started investing in September under the new name, ScOp Venture Capital. It's always hard with venture capital.

Invest 130

This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. mm in Series A; IdealLab ( Bill Gross ), Index Ventures ( Danny Rimer ), Revolution LLC ( Steve Case ), First Round Capital , BetaWorks , Jason Calcanis.

Why We Must Have Zero Tolerance for Sexual Misconduct in Venture Capital

Both Sides of the Table

I titled this post “We Must Have Zero Tolerance in Venture Capital” but of course I could just say “zero tolerance anywhere” because that’s true. As a VC let me specifically just speak out for our industry. Yet when it’s in tech or VC we seem much slower to speak up.

Why I Look for High Conviction, not Consensus, in Venture Capital Decisions

Both Sides of the Table

One of the least understood parts of the venture capital industry and venture capital firms is how investment decisions actually get made. But once your feet are firmly under the desk, I believe the job of a VC is actually to make the harder bets. VC Industry

This Week in Venture Capital – Episode 3

Both Sides of the Table

Investors: Foundation Capital (lead), with existing investors: Morgenthaler Ventures, Norwest Venture Partners, Canaan Partners. Investors: True Ventures, Social Leverage (Howard Lindzon). Investors: Union Square (lead), Spark Capital (lead).

The Minority Venture Capital Opportunity

Xconomy

This year marks the 30th Anniversary of the historic billion-dollar leveraged buyout of Beatrice Foods, put together by African-American business pioneer Reginald Lewis.

Venture Capital Fundraising On Uptick

socalTECH

It looks like it's going to be a good year for venture capital -- fundraising, that is, according to numbers released by Dow Jones Monday. venture capital fundraising finance dowjones

Why Venture Capital is So Much More Compelling Now

Both Sides of the Table

It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” That’s a shame because many of these people missed out on what will be a few great VC vintages. I wrote about this in a blog post last year titled “ It’s Morning in VC ” but I never made the full deck available until now.

This Week in Venture Capital – Episode 4

Both Sides of the Table

This was the first episode where Jason wasn’t on the show, which gave me the chance to have another VC on the show to discuss deals. Rustic Canyon is an LA-based, but geography-agnostic VC that is currently investing from a $200 million fund. VC Financings: 1.

Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

In this three-part series I will explore the ways that the Venture Capital industry has changed over the past 5 years that I would argue are a direct result of changes in the software industry, not the other way around. Tech Market Analysis VC Industry

The top 10 cities for $100M VC rounds in 2018 so far

TechCrunch LA

Jason Rowley is a venture capital and technology reporter for Crunchbase News. The SaaS VC gap: China & other markets trail the US. Early-stage SaaS VC slip snaps recovery as public software stocks soar. 2018 is already a record year for venture funding worldwide.

Raising Venture Capital

Both Sides of the Table

Below you will find an outline for the posts I’ve done on how to raise VC. Continue reading on Medium

The VC Inclusion Clause #MovingForward

Both Sides of the Table

Upfront Ventures has a deep-seated commitment to equality in funding & building diverse teams across all ethnicities, nationalities and genders. diversity venture-capital

Changes in Software & Venture Capital – Part 2 of 3

Both Sides of the Table

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. Or at least venture-style returns. Enter VC. Not to mention providing the capital for growth.

The State of Venture Capital and the Internet

Both Sides of the Table

Early today I gave a keynote at the VCJ Venture Alpha conference here in San Francisco. I was asked to speak about the topic of “what is going on in the venture capital world and what is the next big thing after social networking?”. Future of VC Internet – Tough topic, but what the heck? Some of the big ones I left off was Tim Connors of PivotNorth and Aydin Senkut of Felicis Ventures. Tech Market Analysis VC Industry

This Week in Venture Capital with Jason Calacanis

Both Sides of the Table

I was on This Week in Venture Capital today with Jason Calacanis talking about the big VC deals at the moment and talking about the VC industry. Box.net ( raised $15 million led by Scale Venture Partners and included DFJ and USVP. Tags: VC Industry

Too Many Venture Capital Cooks in the Kitchen?

Xconomy

At Correlation Ventures, we spend a fair amount of time using our proprietary database to identify the telltale signs of successful startups. One question we asked recently is whether there are diminishing returns for adding VCs to the board of directors at venture-backed startups.

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

Both Sides of the Table

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.

Latest Data Show Venture Capital Industry on Pins and Needles

Xconomy

venture industry is also exhibiting some fatigue as we finish the 88th month since the last recession. According to the National Venture Capital Association and PitchBook , this past quarter $15 billion was invested in 1,810 deals , which compares unfavorably to both the prior quarter ($22.1

U.S. Venture Capital Deals on Pace to Exceed $100B in 2018

Xconomy

Once considered a passing phase, the concentration of capital into fewer, larger venture capital deals appears to be the new normal. based venture-backed companies as of the end of the third quarter hit a decade high, and is on pace to pass the $100 billion mark by year’s end.

Amgen's Kevin Sharer Joins Healthcare Venture Capital Firm

socalTECH

Is Amgen the next source of the healthcare industry's venture capital deals? It might be, on news that Kevin Sharer , the former CEO of Thousand Oaks-based Amgen , has joined venture capital investment firm Foundation Medical Partners. amgen kevin sharer venture capital investment biotech lifescience medical healthcare

The Coming Brick Wall in Venture Capital & Why This is Good for US Innovation

Both Sides of the Table

This is the final part of a 3-part series on the major changes in the structure of the software & the venture capital industries. But … Downsizing Venture Capital. Creative destruction is what drives capitalism and innovation.

Insights: Venture Capital: The Times, They Are A-Changin'

socalTECH

For our Insights and Opinions section today--where we feature the thoughts and opinions of the local high tech community--we have an article from Jeff Grabow , of Ernst & Young, talking about the changing world of venture capital : The VC environment isn''t what it used to be.

6 Steps To Raising Venture Capital – Hint: Preparation Matters More Than Your Pitch

InfoChachkie

The steps outlined below represent an ideal approach to raising capital from sophisticated investors. You might be at Step 2 with one VC and Step 3 with another. Step 2: Get Personal & Give Freely – Once you identify a handful of potential VC partners, stealthily cyber stalk them.

How Much Should You Raise in Your VC Round? And What is a VC Looking at in Your Model?

Both Sides of the Table

There’s a quick litmus-test conversation any early-stage VC will have with the founder and it’s one that you should be as prepared for as your elevator pitch. It goes something like this … VC: “How much money are you raising?” Founder: “$8–10 million” VC: “What’s your current burn rate?”

Three Factors Which Intoxicate Venture Capitalists - Why Your Startup Will (Probably) Not Raise Venture Capital Funding

InfoChachkie

Randy Churchill and his team at PricewaterhouseCoopers meticulously prepare a quarterly report detailing the venture landscape, called Shaking The Money Tree. The Three Enthralling Factors Of Venture Funding. Thanks Mr. Big Firm VC.

Want to Raise Venture Capital More Easily? Clean Up Your Own Shite First

Both Sides of the Table

I know that the tone of the title and post will seem a bit aggressive for a post from a venture capitalist on fund raising. If you want to raise venture capital more easily the advice could be quite practical and counter-intuitive. Not so VC. Clean up your own shite.

Will Your Startup Get Venture Capital or IPO in 2013?

Startup Professionals Musings

Based on the final report for 2012 from Thomson Reuters and the National Venture Capital Association (NVCA), it may appear that IPOs are back as a viable startup exit strategy. For the full year 2012, venture-backed initial public offerings raised $21.5