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data-driven comparison of "experienced" vs. "emerging" VC/PE fund managers by Jaap Vriesendorp Marktlink.com cc Practical Venture Capital #venturecapital #openLP #VC #FoF #investing medium.com/@jjjvriesendor…

"3 types of emerging managers to look for w/ higher probability of outsized returns": 1) The Super Connector (deal flow) 2) The Hyper Specialist (domain expert) 3) The VC Disruptor (new strategy) medium.com/@jjjvriesendor… by Jaap Vriesendorp Marktlink.com

PitchBook: VC investment in the US fell 30% YoY to $170.6B in 2023, lowest since 2019, and declined 35% YoY to $345.7B globally, lowest since 2017 (Sarah G McBride / Bloomberg) bloomberg.com/news/articles/… 📫 Subscribe: techmeme.com/newsletter?fro… techmeme.com/240104/p3#a240…

here’s a common trap that pre-seed/seed VCs get caught in: increasing your check size when investing in higher-price deals, in order to hit “target ownership %” this will result in your fund being over-indexed in expensive deals (which, likely reduces your ROI).

💡 Did you know that Dave McClure, has one of the best track records in venture, delivering BOTH a 60X and 40X fund? On today’s episode 10X Capital Podcast, Dave discusses that, how he founded 500 Startups and his new venture Practical Venture Capital, in addition to: 1️⃣ The Economics

the Practical Venture Capital #Saas Index for Q1/24 is out: practicalvc.com/pvc-saas-index… highlights: * median SaaS rev multiples were 7.1x in Q1/24 * these numbers are similar/typical to 2017-18 * still historically cheap (below 5- and 10-yr avg) * rev multiple "bottom" was 6.3X in Q4/22 * Saas

. @jason and @practicalvc's Dave McClure discusses the dynamics, strategies, and outcomes of vc investments: -- the 'Spray and Pray' approach -- mastering portfolio management -- the evolution of the accelerator landscape, including @YCombinator's pivotal role

LPs want liquidity--and now we are here to help! Very excited to announce our new secondaries fund, for which we partnered with Kline Hill Partners Substantially oversubscribed at $105M, the intent is to deploy this capital through the end of this year. The focus will be

great convo Scott Kupor Dan Primack re: VC LP liquidity dynamics (aka TVPI vs. DPI) -- hwvr you guys might be overlooking how critical this is for smaller, non-institutional LPs (HNWI + FOs). (this isn't really @A16Z LPs, but it's def the LP base for a majority of microVCs) /1

The Q2/24 Practical Venture Capital #Saas Index report (by Aman Verjee): - median 6.3X EV/LTM rev multiple - top/bottom quartile 10.5X/4.1X - median historical avg ~10X - Q1 earnings super weak - median Q1 rev growth 18% YoY (prev >30% YoY, 2020-22) - >50% Q2 rev guidance below consensus

thx David ☕ Superclusters for interview on our microVC fund secondary strategy Practical Venture Capital youtu.be/Lr4iBAumuxk topics: - VC secondary fundamentals: liquidity and DPI for VC funds - company vs. fund secondary - LP secondary vs. GP secondary - VC power-law distribution +

Gropyus plans to use robots to help rebuild Ukraine better and faster tcrn.ch/3zPf52p

The Practical Venture Capital Q4/24 #Saas Index rpt: practicalvc.com/pvc-saas-index… by Aman Verjee - #PVCSaasIndex now @ 7.7X rev, up from 6.1X in Q2 - still below but close to 5-10 yr avg of ~8X - lower #s reflect slower Saas growth rates - lower interest rates + election = bull market since Sept

A few years ago I wrote about how to build a VC fund portfolio model for a #VentureCapital fundamentals class (# of co's, check size, follow-on, and reserves, etc): jaunt.com/j/vc-portfolio…

here is a related piece on marketing and branding for VC funds, how to describe & differentiate your thesis, your unique “value-add”, and an outline for a VC fund pitch deck: jaunt.com/j/vc-marketing…

.Practical Venture Capital is now raising PVC-3 #TheHalftimeFund, our third #VC #secondary fund. PVC-3 is a #506c general solicitation fund open to #QualifiedPurchasers and Level 10 #SuperVillains. Info on our new fund + #SkipTheJCurve strategy: linkedin.com/posts/davemccl…

1/ Q1'25 venture fundraising numbers are out — & while it’s still early in the year, the trends from last quarter offer a pretty clear view of where things stand.

the Practical Venture Capital Q1/25 #SaaS Index is out, and it ain’t pretty: practicalvc.com/pvc-saas-index… - median 5.7X Saas rev multiple is historical low for past decade - “Liberation Day” #tariffs crushed the market and still weigh heavily - Saas Index value down >30% since Feb; no gains in

VCs and LPs looking at #secondary market for #liquidity as #IPO exit options appears limited in 2025 newcomer.co/i/163178657/vc… by Eric Newcomer cc Industry Ventures Hans Swildens Practical Venture Capital

"It was the best of times, it was the worst of times..." Down Round #IPO is the New Black linkedin.com/posts/aman-ver… by Aman Verjee Practical Venture Capital #BadNews: every VC-backed IPO in past yr has been a "down round". 📉 #GoodNews: last 11 VC-backed IPOs up 83% on avg since listing. 📈