Seed Funds Are Under Existential Threat From Venture Giants
When a tiny two-person San Francisco startup named Stytch began pitching venture capital firms for its first-ever round of funding early last year, known as a “seed” round, the partners at venerable seed firm First Round Capital thought they were a shoo-in...
Twitter Wisdom: Institutional LPs Share Thoughts on the Recent Rise in Exit Valuations and Impacts on Allocation
In a fantastic Twitter thread, Frank Rotman compiles feedback from a number of institutional LPs on some of the most pressing issues facing the venture ecosystem, including sky high valuations and more.
‘Me Too’ Investing is Eating Returns
Alan Feld, Founder and Managing Partner at Vintage Investment Partners, wrote a byline in TechCrunch to discuss underfunded areas that could produce huge winners over the next ten years, including alternative energy, remote and home healthcare, education and food and AgTech.
PitchBook NVCA Venture Monitor Q3 2022
Q3 2022 saw a less resilient venture landscape in the US compared with H1 2022. Deal activity across all stages recorded signs of distress, and the market continued to become increasingly consolidated with fewer exits than at any time in recent history....
A Narrative on Today’s Markets vs Years Prior
QED Co-founder, Partner and Chief Investment Officer Frank Rotman shares an extensive Twitter thread on the reality of today’s private markets for startups, VCs and LPs vs years past: the “Acceleration Phase” (2020 + 2021), the “Correction Phase” (2022) and the “New...
Outperformance: The Power of Power Laws
Which investments generate the greatest venture returns: enterprise or consumer? To answer this, Sapphire Partners’ Beezer Clarkson and Evan Tarzian created a database of enterprise vs consumer performance data to spot patterns and analyze returns over the past few decades.
The #OpenLP Podcast Miniseries: Beezer Clarkson, Sapphire Partners
Notation Capital’s Nick Chirls hosts Sapphire Partners’ Beezer Clarkson on the #OpenLP podcast miniseries for a deep-dive on the current state of the LP and VC market, given recent dislocations.