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Who is building the Renaissance Technologies of Private Markets?

The AIR Summit ("Alpha Innovation Required") just posted the video and slides from my keynote on, "Who is building the Renaissance Technologies of Private Markets?" I wrote a detailed paper on this here. [...continue reading]

Launch of Informa Family Office Forum

I’m happy to announce the launch of Informa’s Family Office Forum. Informa is a £2.4bn publicly traded international events, intelligence and scholarly research company, which owns SuperReturn, FundForum, RiskMinds, WealthManagement.com, and [...continue reading]

How to evaluate the great job offer you just won

"The board has met and we'd like to extend you an offer to join the company.  We'll send you all the details via email. We are excited to have you join us!" If you get that phone call, what should you be thinking about? I compiled the best [...continue reading]

Should you raise traditional VC or Revenue-Based Investing VC?

 Most founders who are raising capital look first to traditional equity VCs. But should they?  Or should they look to one of the new wave of Revenue-Based Investors? Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the [...continue reading]

Should your new VC fund use Revenue-Based Investing?

You’re working on launching a new VC fund; congratulations!  I’ve been a traditional equity VC for 8 years, and I’m now researching Revenue-Based Investing and other new approaches to VC. The question I’m asking myself: should a new VC fund use [...continue reading]

Why are Revenue-Based VCs investing in so many women & underrepresented founders?

A new wave of Revenue-Based Investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt. Many are reporting that they’re seeing a more diverse pool of [...continue reading]

Who are the major Revenue-Based Investing VCs?

So you’re interested in raising capital from a Revenue-Based Investor VC.  Which VCs are comfortable using this approach? A new wave of Revenue-Based Investors (“RBI”) are emerging.  This structure offers some of the benefits of traditional equity [...continue reading]

Revenue-Based Investing: A new option for founders who care about control

Does the traditional VC financing model make sense for all companies? Absolutely not. VC Josh Kopelman makes the analogy of jet fuel vs. motorcycle fuel. VCs sell jet fuel which works well for jets; motorcycles are more common but need a different [...continue reading]

In Venture Capital, Should You Be a Momentum or a Value Investor?

  As a venture capitalist, should you be a Momentum or a Value investor? To simplify, there are two classic approaches to public markets investing.  The first is Momentum Investing, “a strategy to capitalize on the continuance of an [...continue reading]

Venture Capital compensation data and recruiters list

If you’re looking for a job in venture capital (or private equity), here is my list of sources for compensation data, plus all the recruiters I’m aware of who do searches for roles inside venture capital firms, Analyst through Partner [...continue reading]

Marketing Your Portfolio Companies to Other Investors

One of my most important responsibilities as a VC is recruiting appropriate co-investors and follow-on investors.  See How VCs structure a syndicate and recruit coinvestors for more on this. I’ve provided here a template for sharing profiles of [...continue reading]

How VCs Can and Should Invest in Later Rounds

You have to know when to hold them and know when to fold them.  So when a company in which I’m an investor is raising a later round, should we (the VC investor) keep our pro rata or get diluted?   My view is that one should always make this [...continue reading]

Seeking CEO+team for VC-backed startup: Make America Functional Again

  Looking 4 entrepreneurial product mgr/biz-dev killer 4 a network-based service.. pre-launch, BIG equity, big peeps involved--ANY TIPS?? Do you want to make America functional again? Are you thinking of applying to Y Combinator [...continue reading]

Checklist for Launching a New Venture Capital Fund

I posted a while ago my syllabus on how to manage and invest a VC fund.  As a prequel, here are some of the resources I’ve found helpful in launching a new fund: What it takes to start your own venture capital fund Strategic Considerations For [...continue reading]

Should you co-found a company with your friend? And how do you split the equity?

If you’re talking with cofounders about launching a new business, you’re fundamentally recruiting someone to take the job of partnering with you for the next decade.  I see a lot of founders who do less due diligence than I think ideal before making [...continue reading]

How universities can help students and alumni work in the tech industry

“CEO is the new Analyst.” My former Partner John Frankel of ff Venture Capital observes that 20 years ago, the defining movie of the generation was “Wall Street”.  Everyone wanted to work in finance. But now, the defining movie of today’s [...continue reading]

Are you hiring a cultural fit? Do you actually want to?

Who should you hire: the superstar with great skills who feels like a poor fit with the culture, or the person with weaker skills but who fits in culturally?  Even though I believe in hiring the stranger, cultural fit really matters. I once had an [...continue reading]

A family-friendly work environment is a powerful recruiting and retention tool

My wife and I have a lot of conversations about work-life balance, or as I usually think of it, making sure I don’t use up too many “spouse points”.  Many early-stage companies do not have these issues top of mind, because so many founders are [...continue reading]