Techstars and HBCUvc Launch 10-City Startup Weekend Tour to Promote Diversity in Entrepreneurship and Venture Capital

TechStars

October 2, 2019 – Techstars , the worldwide network that helps entrepreneurs succeed, and HBCUvc , a nonprofit fellowship program providing Black and Latinx students with training and mentorship in venture capital, today announced the launch of a joint 10-city Startup Weekend tour across the country.

How Bridge Rounds Work in Venture Capital: Messy, Full of Drama, and Not Without High Risk

SaaStr

I’ve watched many bridge rounds over time from a far, and took $500k in bridge capital at EchoSign myself when our seed round didn’t end up being quite enough to get us to the Series A. Simply put, it’s another round of venture financing from the same investors as the last round. Each bridge round requires a VC burning some political capital. If she/he has gone to another firm, there’s no political capital to spend.

How do corporate venture capital firms different from conventional venture capital firms?

SaaStr

A few like Salesforce Ventures and GV are an exception, but let me explain: Corporate VCs often do not write a “second check”. Again, this is less likely with Salesforce Ventures and GV, etc. The post How do corporate venture capital firms different from conventional venture capital firms? They aren’t as dependable. This doesn’t mean they are “worse”. It does mean be careful how you use them. This is issue #1.

The Decentralization of Venture Capital

Tom Tunguz

To thrive, venture capital firms must perform three things well: raise capital from limited partners, source companies to invest in, and pick the best opportunities. In the last decade, venture firms have experimented with decentralized sourcing. Decision-making in venture firm is a dark art. Non-consensus means investing in areas competitors aren’t yet so the valuations are more attractive because there is less capital supply.

How Developed is Global Venture Capital Market?

Tom Tunguz

Just where is the US venture market relative to the rest of the world? The chart above shows the compound annual growth rate of venture investment rounds A through D in ten fastest growing venture markets plus the US from 2010-2016. It’s wonderful to see the expansion of venture capital across these geographies and especially at very healthy growth rates. This chart illustrates the depth of the capital pool available to startups.

Highlights from the 1Q19 Fenwick & West Venture Capital Survey

Kellblog

Every so often I post highlights from the quarterly Fenwick & West Venture Capital Survey , as much to share knowledge about the existence of the survey [1] as to share its current-quarter data.

We’re Overthinking Seed Round Signaling Effects

For Entrepreneurs with David Skok

Conventional wisdom, and advice, abounds: entrepreneurs should never include a venture firm in their seed round because it’ll scare other VCs off from pursuing the A. Getting Funded Entrepreneur Funding Raising capital seed deals Venture capitalThere is much hand wringing in the startup ecosystem about various forms of signaling between the seed and A rounds.

The Coming Wave of Venture Capital and What It Means for Your Startup

Tom Tunguz

The second quarter of 2014 is the sixteenth largest by capital deployed sinced 1995, making it a top quartile quarter, but to break into the top five, that figure would need to triple. Which startup sectors should expect to benefit from this surfeit of capital? Each quarter, the National Venture Capital Association and Thomson Reuters gather data on the VC industry. Through the first six months of 2014, VCs have raised about as much as all of 2013.

How to calculate your total addressable market and make a great TAM slide for investors

For Entrepreneurs with David Skok

Getting Funded Startup Help Business Model Funding SaaS TAM TAM slide Total Addressable Market Venture capitalI’ve seen hundreds of startup pitch decks in my time at Matrix, and have found total addressable market (TAM) slides to be among the most frequently mis-executed. I get the sense they are often included as a formality in an attempt to get VCs to check a mental box and continue on hearing about other.

Podcast: How Venture Capital Will Change Your Business and How it Stacks Up Against Other Kinds of Funding, an Interview with Rand Fishkin of Moz

Divestopedia

Whether buying, selling or growing, you are going to deal with capital. Rand Fishkin explains what venture capital did for him, how it falls short in certain situations and what other types of capitalization you can use to pursue your business dreams

Connecting Women VCs: Building Community and a Better Future

TechStars

Our mission with the global directory of women in VC is to give women around the world the tools to better find each other, connect, and collaborate,” said Jessica Peltz-Zatulove, co-creator of the Women in VC directory and Partner at MDC Ventures. “We

Founders: Please don’t allow anyone to screw your early backers

The Angel VC

We’re trying hard to make venture capital a little more human , and we really mean it when we say that we aspire to be good VCs. financing vc venture capital

Avoiding the Ten-Year Stock Option Trap (and Other Stock-Option Considerations)

Kellblog

In addition, if you file a section 83b election within 30 days (and the grant was not in-the-money) then you pay no tax at exercise time and incur tax liability only when you eventually sell the shares, which if it’s more than a year away, results in long-term capital gains tax treatment [13].

SaaS Funding Napkin, the 2017 edition

The Angel VC

As a reminder, in the original post I tried to give a "back of a napkin" answer to this question: What does it take to raise capital, in SaaS, in 2016? So, what does it take to raise capital, in SaaS, in early 2017? funding napkin saas software as a service venture capital

Career Decisions: What To Look For In a Software Startup

Kellblog

In venture capital (VC) land, you should view investors as long-term partners in value creation. Say a company has consumed $50M in capital but has only $5M in ARR to show for it. Career Development Startups Strategy Uncategorized Venture Capital

Whose Company Is It Anyway? Differences between Founders and Hired CEOs.

Kellblog

However, as soon as a founder/CEO raises venture capital (VC) they have decided to take investing partners along on the journey. In most venture-backed firms, a hired CEO will find a board consisting of several different venture capital partners, each with their own opinion. Even though most venture boards do end up with an Alpha member [11], it’s still hard for the CEO to get confused and think of the Alpha member as the boss.

The growing dissonance between two business models (SaaS and VC)

The Angel VC

For VCs, the question is how many of these companies can become large enough to make the (admittedly somewhat weird) business model of venture capitalists work. Not yet convinced that you shouldn’t raise venture capital? :) Let us know ! saas venture capital

Good CEO Habits: Proactively Update Your Board at the End of Every Quarter

Kellblog

Board CEO Startups Uncategorized Venture Capital communicationsI am surprised by how many startup CEOs leave the board hanging at the end of the quarter.

Appearance on the Twenty Minute VC: Financing Thoughts, The Private Equity Sales Process, and More

Kellblog

Today famed venture capital podcaster and now venture capitalist at StrideVC , Harry Stebbings , released a new episode of the Twenty Minute VC podcast with me as his guest. ( iTunes version here.).

What makes fundraising so stressful?

The Angel VC

More often than not, raising venture capital is a huge distraction for the founding team. If you are a founder or CEO and have raised venture capital it would be awesome if you could participate in the survey. fundraising typeform venture capital

Building any business is hard

The Angel VC

For most companies which didn't raise venture capital this is completely irrelevant. saas venture capitalJudging from the number of Facebook likes and retweets, as well as comments on Twitter and elsewhere, my last post resonated with quite a lot of people.

The Two Dimensions of Startup Performance

Kellblog

They run out of money.” — Don Valentine, Sequoia Capital. Leadership Management Startups Strategy Uncategorized Venture Capital moribund stars stuck unbridled

Introducing Jenny Buch, Talent Manager at Point Nine

The Angel VC

hr point nine recruiting venture capitalOnce a startup has released the first version of its product, raised some funding, started to get the word out and is getting some traction, the biggest challenge almost always becomes hiring.

Techstars Partners with Harlem Capital to Fast-Track Success for Women and Minority-led Startups

TechStars

In partnership with Harlem Capital, Techstars Includes is an initiative aimed at increasing diversity and inclusion within the Techstars network and across global entrepreneurship communities. About Harlem Capital Partners: . Harlem Capital Partners. New York, N.Y.

Should you take small checks from deep pockets?

The Angel VC

For entrepreneurs, more VCs investing into seed rounds means easier access to capital. vc venture capital

Video of my SaaStr 2019 Presentation: The Five Questions Startup CEOs Worry About

Kellblog

CEO Competition Leadership Management SaaS SaaStr Strategy Venture CapitalA few days ago, Jason Lemkin from SaaStr sent me a link to the video of my SaaStr Annual 2019 conference presentation, The Five Questions Startup CEOs Worry About.

Is Another SaaSacre In The Offing?

Kellblog

IPO Randomness SaaS Uncategorized Venture Capital Rule of 40 SaaSacre

A toast to all the great ones that we've missed

The Angel VC

Its meaning is described very well on Bessemer's website , and because it's so hilarious I want to quote it in its entirety: "Bessemer Venture Partners is perhaps the nation's oldest venture capital firm, carrying on an unbroken practice of venture capital investing that stretches back to 1911.

Good VCs, bad VCs

The Angel VC

Inspired by Ben Horowitz’ excellent “Good product managers, bad product managers” post and Stefan Smalla’s “Good leader, bad leader” masterpiece I’ve tried to put together my thoughts on what I think makes a great venture capital investor. venture capital

My Appearance on the Private Equity Funcast

Kellblog

He’s spent most of his recent career in private equity (PE) land; I’ve spent most of mine in venture capital (VC) land. So my two favorite podcasts are now The Twenty Minute VC on the venture side and The Private Equity Funcast on the PE side. Entrepreneurship Leadership Management Private Equity Recruiting Relationships Startups Venture Capital

What does it take to raise capital, in SaaS, in 2019?

Point Nine Land

In 2016 I thought about the question of what it takes to raise capital, in SaaS, in 2016 and tried to give an answer that would fit on the proverbial back of a napkin. venture-capital financing founders entrepreneurship saas

Stopping Inception Churn: The Prospective Customer Success Review

Kellblog

customer success Sales Startups Uncategorized Venture Capital churn inception churnI think for many sales-aggressive enterprise SaaS startups, a fair amount of churn actually happens at inception. For example, back in 2013, shortly after I joined Host Analytics, I discovered that there were a number of deals that sales had signed with customers that our professional services (PS) team had flat out refused to implement. (Huh?)

Churn 54

Are You Counting Payments as Renewals?

Kellblog

Most investors believe you could better maximize ARR by simply raising more capital and sticking with annual payments. Uncategorized Venture Capital SaaS Startups Metrics churn Retention net dollar retention gross dollar retention payment vs. renewal

Lessons from Christoph Janz and Nick Franklin at Mogul I/O Berlin

Chart Mogul

Our own Nick Franklin spoke to Christoph Janz of Point Nine Capital at the fourth edition of our inaugural event series, held in Berlin at Point Nine's headquarters. Participants: Christoph Janz ( @chrija ) — Managing Partner, Point Nine Capital. Events events mogul i/o venture capita

Announcing Point Nine Capital III

The Angel VC

Today we’ve announced Point Nine Capital III, our new €55M fund. Investors in PNC III include institutional investors like Horsley Bridge Partners , Sapphire Ventures , Flossbach von Storch and Vintage Investment Partners as well as a number of highly successful Internet entrepreneurs.

There’s more than one path to $100 million

The Angel VC

planning saas venture capitalA couple of years ago I wrote a post titled “How fast is fast enough?”. The subtext of the question was “How fast do you have to grow if your ambition is to get to $100M in ARR and build a very large company”. It’s an important question, as your target growth rate determines your hiring plan, budget, and fundraising strategy.

The Market Leader Play: How to Run It, How to Respond

Kellblog

Get the biggest name investors [3], raise the most capital, make the most noise about the capital you’ve raised, and use the money to make a few big-name hires, all in an effort to make it clear that Sand Hill Road has thoroughly evaluated the company and its technology and chosen you to be the leader. Spend a nice chunk of that capital on public relations [4]. Salesforce Ventures invests in Alation) to white label re-sale deals (e.g.,

Bootstrappers: SaaS startups finding their own route to $1M+ ARR

Chart Mogul

In the business world, the term generally refers to: “Financing and growing your business without the need for external assistance in the form of capital investment.” The growing divide between SaaS and venture capital.

6 things to pre-empt 90% of Due Diligence

The Angel VC

due diligence funding saas software as a service venture capitalThe founder of a portfolio company recently asked me what kind of numbers and other material he'll need when he goes into his next round of fundraising.

What It Takes to Make a Great SaaS Company

Kellblog

Here are the slides : Uncategorized Venture Capital SaaS Strategy Startups Metrics LeadershipI’ve been making a few presentations lately, so I thought I’d share the slides to this deck which I presented earlier this week at the All Hands meeting of a high-growth SaaS company as part of their external speaker series.

We ? vanity metrics ;-)

The Angel VC

Yesterday I saw this post on the blog of Karlin Ventures. In response to a tweet by Paul Graham which was highlighted in Danielle Morrill's excellent Mattermark Daily newsletter, the guys at Karlin Ventures revealed the "days since last contact" numbers for their portfolio.

A closer look at the 6 things to pre-empt 90% of Due Diligence

The Angel VC

Mamoon Hamid of Social+Capital has coined the term "Quick Ratio" for the ratio between added MRR and lost MRR, and he's looking for companies with a Quick Ratio of > 4. financial plan saas software as a service venture capital

The Journey to Series A?—?a look at our “Seed-to-A conversion rate”

Point Nine Land

saas series-a seed-investment marketplaces venture-capitalThe Journey to Series A?—? a look at our “Seed-to-A conversion rate” If you’d like to be notified of our next posts you can subscribe to our newsletter.