Yeah, the data is bad, but I’m still optimistic about emerging managers
Emerging managers saw the funding declines of 2022 continue into 2023. But I think the space is worth getting excited about.
New wave of VC funds show it’s time to rethink how many LPs is ‘too many’
More LPs means more organizational issues, but many firms see the benefit of having more backers. Others don't have a choice.
Stop spending so much time on your product when pitching to investors
It's natural for founders to live and breathe for their customers and product, but the dirty little secret of fundraising is that your investors are extraordinarily unlikely to care about your product
Coming out of COVID, investors lose their taste for board meetings
Two weeks ago, longtime venture capitalist Chris Olsen, a general partner and cofounder of Drive Capital in Columbus, Ohio, settled into his seat for a portfolio company’s board meeting. It turn
More LP transparency is overdue
Both LPs and VCs have reasons to want to keep their involvement confidential. But when these reasons aren't solid enough, the anonymity of a fund's limited partners might diminish.
How to negotiate term sheets with strategic investors
Three years ago, I met with a founder who had raised a massive seed round at a valuation that was at least five times the market rate. I asked what firm made the investment...
Singapore’s Openspace Ventures closes new $135M fund for Southeast Asia
It seems like everyone is out there raising new funds in Southeast Asia. Weeks after we reported Golden Gate Ventures hit a first close on its third fund aimed at $100 million, so Openspace Ventures &
GV partner Lo Toney wants to raise $50 million to fund diverse investors
GV partner Lo Toney is looking to raise up to $50 million for his new fund, Plexo Capital, Axios first reported. Since 2017, Toney has been incubating Plexo Capital inside GV, formerly known as Google
In the world of VC, harassment claims aren’t necessarily a deal killer
A storm fueled by greater awareness about sexual assault and harassment has been gaining momentum in the U.S. ever since a former Uber engineer named Susan Fowler hit “publish” on a post about her
“LPs have a license now to ask questions that are uncomfortable”
On Wednesday night, at the Autodesk Gallery in San Francisco, this editor sat down with Michael Kim of Cendana Capital and Elizabeth “Beezer” Clarkson of Sapphire Ventures. I’d invit
(Some) LPs speak up
Venture capital used to be such an insular, under-the-radar industry that entrepreneur-investor Marc Andreessen has said that he’d never heard the term before arriving in the Bay Area in 1994. He’