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Let Your Freak Flag Fly: A Eulogy for my Father

My father, Jean Teten, passed away Monday, December 9, at age 90. He was far ahead of his time, and simultaneously out of time.  Dad was born in Paris in 1929. His father told him, “If you learn a trade with your hands, you can work anywhere in [...continue reading]

VCs eating our own dog food: Using technology and analytics to make better investments

(To see the video above, please click the image, and then click on the Play button.) Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job.  When I was single, I [...continue reading]

Free money for your impact tech startup

Congratulations!  You’ve decided to launch a technology-enabled startup with a positive social impact!  Nearly every major Silicon Valley venture-capital firm has now invested in a B Corp; maybe you will be one of them! Now the bad news: some [...continue reading]

Use agile budgeting to manage your cash

Instead of budget approvals, monitor key metrics and give managers more flexibility Traditional budgets can be destructive and a huge waste of time. How should a growth company manage their budget?  Does the annual budget approval process even make [...continue reading]

How to choose an investment banker…or replicate one

Should you hire an investment banker?  And if so, who? The good news: even if you are a small company and can’t afford a banker, you can synthetically and cheaply replicate a banker. That’s part of the value proposition of an institutional VC; I [...continue reading]

Fundraising Hacks: What type of capital should you raise, and how do you meet investors?

How do you decide which investor you should target and raise capital from?   I wrote recently about Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC?  Since then, I’ve talked with a number of other [...continue reading]

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?" (To see the video, please click the image below, and then click on the Play [...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]