Berkonomics

JUNE 29, 2017

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

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Both Sides of the Table

JULY 26, 2022

And while over the past few years we have been laser-focused on cash returns, we are equally planting seeds for our next 10–15 years of returns by actively investing in today’s market. We are excited to share the news that we have raised $650 million across three vehicles to allow us to continue making investments for many years ahead.

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Startup Venture Capital Writing Invest 408

Both Sides of the Table

SEPTEMBER 10, 2021

I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. On the one hand, you’re over paying for every investment and valuations aren’t rational. That used to be called A-round investing. of the fund.

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Both Sides of the Table

MARCH 24, 2014

As a result I didn’t write my first venture capital check until March 2009 – exactly 5 years ago. At the time I pointed out: “If I had realized exits almost certainly it would be because I invested in a company that failed. “Ok, so this guy can write a blog and source deals but can he make any money?”

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socalTECH

NOVEMBER 10, 2015

A report Tuesday in the Financial Times said that investment giant Fidelity has written its investment in Los Angeles-based Snapchat by 25 percent, citing data from a Morningstar report. It's unclear why Fidelity wrote down the value of its investment in the disappearing messaging service.

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Both Sides of the Table

SEPTEMBER 15, 2022

Even then private market investors can paper over valuation changes by investing at the same price but with more structure so it’s hard to understand the “headline valuation.” No blog post about how Tiger is crushing everybody because it’s deploying all its capital in 1-year while “suckers” are investing over 3-years can change this reality.

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Both Sides of the Table

JUNE 29, 2014

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.” I hope to publish that deck and a full write up in the next 10 days in partnership with Dan Primack at Fortune (if my write up doesn’t suck, I guess ;-)).

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Both Sides of the Table

SEPTEMBER 7, 2013

When I first started writing this blog several years ago I had less followers than you have right now. But the realist in me knew I couldn’t write daily nor could I convince you to think to check out my blog with regularity. In Gabe’s post he explained why TechMeme was having editors write headlines. I should know.

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Both Sides of the Table

OCTOBER 12, 2014

They often create the biggest tensions between investors who are investing at different stages in the business. Prorata investments rights given investors the right to invest in your future fund-raising rounds and maintain their ownership % in your company as your company grows and raises more capital. return (on paper).

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Both Sides of the Table

FEBRUARY 16, 2017

Every tech or major news journal in the country is preparing to write their Snap, Inc (creators of Snapchat, Spectacles, etc) stories and many of them seem to want a “How does it feel to have missed this investment story.” But local VCs don’t deserve to get beat up for not investing. Mostly kidding. Very, very few pan out.

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Snapchat Invest Technical Review Dollar Shave Club 214

Both Sides of the Table

MARCH 27, 2011

But should you actually write one if you’re a startup, an industry figure (lawyer, banker) or VC? This is a post to help you figure out why you should write and what you should talk about. I know that I have not yet earned these kudos based on investment returns (although my partners have. By definition, you read blogs.

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Both Sides of the Table

SEPTEMBER 25, 2011

Yesterday I saw a Tweet from Chris Sacca fly by that prompted me to want to write a blog post helping entrepreneurs understand why they should push back against VCs asking for “super pro-rata” rights. These investors often have internal policies that dictate that they own a minimum percentage of a company in which they invest.

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Both Sides of the Table

SEPTEMBER 29, 2013

AngelList 101 : As you know, AngelList is a platform where angels can invest in semi-screened tech deals. As an angel you can look for the social proof in deals “Dave Morin is investing …” to make your decision. AngelList Syndicate leads don’t take any fees on the investment, which should help with returns.

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Venture Capital Invest Course Technical Review 356

Both Sides of the Table

JANUARY 17, 2011

So I thought I’d write a post about how I drive my personal creativity. (A The key is channeling what you learn when you drive onto paper for retention purposes so you have to write it down soon afterward. When I write a blog post I often see the words before I write them. These are all creative processes.

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Writing Startup Ideas Summary 356

Both Sides of the Table

JUNE 27, 2021

In short: Access to great deals, ability to be invited to invest in these deals, ability to see where value in a market will be created and the luck to back the right team with the right market at the right time all matter. So if you truly want to be great at investing you need all the right skills and access AND a diversified portfolio.

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Funding Startup Writing Invest 294

Both Sides of the Table

NOVEMBER 25, 2014

This blog started from a series of conversations I found myself having over and over again with founders and eventually decided I should just start writing them.It I see founders who think they can be at every conference, advise multiple companies, do side investments in angel deals, leave the office at 6pm and have a balance life.

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Competition Startup Writing Marketing 394

Startup Professionals Musings

AUGUST 30, 2019

In addition, the discipline of producing it, like writing a business plan, will help you immensely in understanding the key elements that drive you and your business. I often hear the excuse that writing a book takes precious time away from building and running your business, which you cannot afford.

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Both Sides of the Table

FEBRUARY 9, 2014

I only say that because after years as a VC I can always tell when my peer group invested in something because “it seemed like it would make money” versus when they invested out of passion. I have placed a much bigger emphasis on falling in love as a criterion for my making an investment. Does she live your journey?

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Venture Capital Startup Course Entrepreneur 373

Startup Professionals Musings

DECEMBER 19, 2021

If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. This means writing at the level of an average newspaper story (about eighth-grade level). The one-page Oprah plan is a good executive summary, but it’s not enough to get the investment.

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Berkonomics

MARCH 13, 2014

None of the angels in my group is likely to write a check without hearing and believing a story about how something dramatic is about to happen. They told me about their expertise and their network of contacts, and their early customers, and the promising results so far. They wanted to come to pitch to my angel network.

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Both Sides of the Table

JULY 23, 2014

Limited Partners or LPs (the people who invest into VC funds) have taken notice as 2014 is by all accounts the busiest year for LPs since the Great Recession began. Just 3 years ago there was talk of institutional investors “not being able to write small enough checks.” Why is this?

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Venture Capital Technical Review Startup Seed Funding 398

Both Sides of the Table

JANUARY 18, 2014

Sometimes those motives are positive (they really want the chance to work with you, they think you have unique skills) and sometimes they are less positive (their first-tier of “go to” referrals passed on the deal, they don’t want to write another check themselves, etc.). I seek out great entrepreneurs.

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Both Sides of the Table

MARCH 14, 2013

.” Here’s what I mean … Let’s start with what it takes for a journalist to want to write a story. Do I have an “angle” from which to write the story (first company to do X, company does biggest X, consumer behavior is doing X)? Think about Luma Partners.

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Marketing Press Blogging Startup 389

Both Sides of the Table

MAY 30, 2018

I thought I’d write a post about how to talk about valuation at a startup and give you some sense of what might be on the mind of the person considering funding you. If you’re talking with a typical Seed/A/B round firm they often have ownership targets in the company in which they invest. some might even want slightly more.

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Venture Capital Pricing Startup Invest 324

TechCrunch LA

JULY 2, 2020

Even specialist fund investors like Karan Wadhera of the cannabis-focused investment firm Casa Verde Capital and Brendan Wallace at the real estate-focused firm Fifth Wall believe that Los Angeles will thrive in the post-COVID world. How much is Upfront focused on investing in the local LA ecosystem versus less geographically focused? .

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Los Angeles Venture Capital Capital Invest 277

Both Sides of the Table

JUNE 5, 2011

2: As expected at least one person accused me of writing this post because I want to see lower valuations. 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. I acknowledged this in the article. I’m just making the commentary.

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Both Sides of the Table

JANUARY 16, 2013

It’s the first EIR that we’ve had in the years that I’ve been with the firm and I hope will be the start of our investment in this program. We’re excited to continue to grow our investment professional staff and will continue to do so over the course of 2013 & 2014 with our new fund. ” “Sam?

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Startup Course Ideas Invest 372

TechCrunch LA

JULY 21, 2020

While it might seem strange to launch a new sports league with an epidemic still raging in the United States, Nortman said that the decision to invest and bring the team to Los Angeles was simple. “We’re venture capitalists. We’re optimists,” Nortman said.

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Writing Los Angeles Equity Startup 171

socalTECH

APRIL 23, 2021

The company said it plans to write checks of between $100,000 and $250,000 in digital marketing startups. Hawke Ventures, a new, venture capital fund that is part of marketing company Hawke Media, said Friday that it has raised $5.6M for its first, venture capital fund.

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Funding Invest Venture Capital Writing 113

socalTECH

MARCH 28, 2019

We spoke with Meredith Finn a new Partner at March Capital--who headed up that the Rise of the Female Entrepreneur sessions this year--to hear more about her perspectives on investments, what the Rise of the Female Entrepeneur was all about, March's interests in artificial intelligence and more. What's your role at March Capital?

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Berkonomics

MAY 22, 2014

Bill Payne has been actively involved in angel investing since 1980, funding over 50 companies and mentoring over 100 more. In most cases, those entrepreneurs choosing to raise capital using PPMs retain specialists (many of whom are lawyers) to write their PPMs – a rather expensive undertaking. By Bill Payne.

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Writing Invest Entrepreneur Equity 199

Both Sides of the Table

DECEMBER 17, 2011

I know it’s incredibly important to me in my investment decisions. I wanted to write a quick post on a pet peeve that I have when teams present “who they are” whether in a bio slide or just in the up front introductions. Either that or he/she don’t trust his/her colleagues.

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Slides GRP Partners Venture Capital Writing 296

Both Sides of the Table

MAY 5, 2013

There is an important psychology that exists in investments. But psychology DOES play a big role in investment decisions. Well, a down round is even more complicated than having no demand for your investment round. The Damaging Psychology of Down Rounds. I don’t make the rules so don’t shoot the messenger.

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TechCrunch LA

FEBRUARY 13, 2020

Riot Ventures , the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch. Marcus has a long background in angel investing and company creation.

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Startup Professionals Musings

FEBRUARY 22, 2021

In fact, most investors “require” that you already have some investment from friends and family before they will even step up to the plate. You see, investors invest in people, before they invest in ideas or products. If they won’t do it, they why would I as stranger invest in you?

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TechCrunch LA

APRIL 23, 2020

The proposal sets out four big initiatives, including zero-emissions vehicle manufacturing, assembly and adoption; zero-emissions infrastructure investments; commitments to public transit investments; workforce development; and job training. There’s $25 billion in money set aside for public transit and $12.5

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Berkonomics

MARCH 28, 2024

Even venture capitalists who sit on boards where they have significant investments often forget this point. They write in their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth.

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