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What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

At Upfront, our partners have been fortunate enough to be part of 18 companies that have reached north of $1 billion and the average tenure of an investment that exits at this scale is more than 10 years. We not only have our Series A funds that can write $500k?—?$15 15 million first checks but we also have three growth funds.

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I Just Invested in @Burstly, a Mobile Ad Management Company

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I’m very pleased today to announce that I invested, on behalf of GRP Partners, in Burstly alongside Rincon Venture Partners , an early stage VC in Southern California whith whom we love to work (and were our co-investors on RingRevenue ). Naturally I’m excited about this investment or I wouldn’t have done it.

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Or if you’re a VC raising from LPs you have to list all of your deals, your investment value, your carrying value, your multiples, your IRRs, TVPIs, DPIs, etc along with net cashflows plus your previous LPAs. These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.”

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Turning the Camera on Chris Dixon

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Chris Dixon is one of my favorite people in tech and writes one of the few blogs I read religiously. Chris runs a popular web interview series on TechCrunch so is used to being the guy asking the questions. I think you’ll really enjoy this video , but as always I have summary notes for those with less time.

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Brad Feld Drops Knowledge. Here’s What He Said …

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Or, as always, summary notes available below. Huge thank you to Steve De Long for the write up. I decided well if I am going to be investing in this stuff at least I need to understand what it’s like to have a blog, to be generating content, and it was quite interesting at the very, very beginning.“. Brad on blogging.

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What I Would Look for When Choosing a VC – Knowing What I Know Now?

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So I thought I’d write about out with what I would look for in a VC knowing what I know now and why. Think of web vs. mobile. Fred Wilson wrote perfectly about sticking with struggling investments. Summary: Team Leadership skills, operating knowhow and industry knowledge are all tremendously important.

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How Many Investors Should You Talk to in a VC Fund Raise? And How Do You Prioritize?

Both Sides of the Table

If you truly believe that you, your company and your products are exceptional and your company will be valuable then you’re actually doing them a FAVOR by helping them invest in your startup. If you don’t believe in your bones that you’re amazing then it’s no wonder you don’t want to sell them on making the investment.”