Posts tagged venture capital
With this news, you’d think Bobby Valentine is now managing New England’s tech scene:
New York’s share of venture capital dollars has doubled over the last ten years while its rival, Silicon Valley, has grown at a much slower pace and New England has sputtered, a new study from the Center for an Urban Future shows.
Between the first quarter of 2003 to the first quarter of this year, the New York area’s share of VC investments surged to 11.4% from 5.3%.
Silicon Valley’s share rose to 31.7% from 28.6% over the same period while New England’s share fell to 10.2% from 14.8%.
Read more in NY Daily News. Go #NYCTech!
Chart: Center for an Urban Future report
Great news for NYC tech entrepreneurs! NYC is the clear leader for where tech start ups need to be on the East Coast to get VC funding.
Venture Capital in New York, Q1 2013
By Andrea Moore, Project Manager, Economic Research & Analysis
Last week, the National Venture Capital Association (NVCA) and PricewaterhouseCoopers released their most recent quarterly MoneyTree report, which provides information on U.S. venture capital deals and investment dollars. StatsBee wanted to take a quick look and assess how New York State did during the first quarter of 2013.
New York posted another solid quarter of venture capital investment, especially from a year-over-year perspective. Deals are up 22.5% since Q1 2012, and investment dollars posted a 71.7% increase over the weak Q1 2012. Compared to the last quarter of 2012, which was very strong, both deals and dollars fell slightly in New York. Deals fell 9.4% from 96 to 87, corresponding to a 17.3% decrease in investment dollars. However, the first quarter has been soft in recent years, so these results augur well for 2013.
For ongoing and in-depth analysis of venture capital investments and the tech sector in New York City, don’t miss the inaugural edition of NYCEDC’s new publication on Technology and Venture Funding, coming soon.
Vinod Khosla at SXSW: 11 Ways Failure Can Empower You
1. Take risks
2. Weigh risk and reward
3. Don’t fear failure, but don’t let it roll off your back, either
4. Make the most of failure
5. Start your business for the right reasons
6. Curate the best management team
7. Value different perspectives and debate
8. Focus, focus, focus
9. Rethink your schedule
10. Be disruptive
11. Be available
Read more from Vinod Khosla and his learnings at SXSW 2013 on OPEN Forum
(via Vinod Khosla at SXSW: 11 Ways Failure Can Empower You - OPEN Forum :: American Express OPEN Forum)
Ready to raise capital? For many new businesses, this can mean approaching venture capitalists for startup funding. And if you’re lucky enough to get them interested, you will be introduced to a term sheet. The term sheet is, in the simplest terms, the contract between investors and companies raising capital. It includes stipulations on who owns how much of the company, the terms under which the investors will supply the capital you need, and who gets what when the company is either sold or taken public.
Here we decode the most important parts of the VC term sheet with the help of Jason Mendelson, co-author of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. This is the first step to building a knowledge base to have your funding conversations end on a note where everyone feels they are a part of a fair business deal. Read More
Q&A: Venture-Capital Veteran Gina Bianchini
What makes a great leader? Our Q&A with Gina Bianchini should be able to help you answer that question.
Tracy built her company, Recycled Media, out of necessity. She hasn’t raised any venture capital. She drove her company to profitability before paying herself a modest salary.
She leveraged herself and even sold many of her possessions to get started. And when her assets were tapped she rented out her bedroom and even her couch on Airbnb to afford her year-one operations. More on that later.
She actually IS the prototypical entrepreneur. Just not the kind you would initially read about on TechCrunch. That may soon change. And that’s what I love about her narrative. It represents the great majority of entrepreneurship and eschews the fairytale rags-to-VC-riches stories we so often read about in the press.
(via How This Entrepreneur Raised $28,000 Using Airbnb to Fund Her Startup)
Critical thinking is difficult to do in large groups. Criticizing in a group setting tends to polarize it, and there are immediate and overriding political considerations of doing so. What’s more, some people hate to speak out in a group, while others thrive on so doing. This guarantees that the group will be led by personalities and personal interests more than it will be by the quality of ideas.
one of many reasons that a small venture capital partnership is a good venture capital partnership
Life as a VC is a sea of meetings. Really, it is a lot of meetings. Most of them are single meetings, with no follow-ups. Most don’t result in an investment in a company at all. In 2011 I had first meetings with just over 350 companies, plus another 100 more as parts of business plan judging and demo days. Those meetings resulted in just four investments for me (Tumblr, Dropbox, Clearslide and Citrus Lane) plus a handful of seed investments. That’s a massive “bias-to-no” for any profession – 99% or so. It’s a tough negative bias, and every investor I know is affected by it in some way. But that one percent is like a lightning strike: those meetings can form the basis for some of the most interesting and meaningful work you’ll ever do.
John Lilly
this pretty much captures life as VC
Tips for Entrepreneurs from a First Year VC | PandoDaily
(via fred-wilson)
First Round Capital makes the companies it funds participate in a Rebecca Black style video.
(via Lame Venture Capital Firm Made Its Companies Make This Lame Video - Gizmodo)
For something like seventeen years, I have been investing in entrepreneurs who have had the freedom to innovate on the Internet. It has been a powerful life lesson for me. These people imagine something, they create it, and they are off and running building a business, hiring employees, generating cash flow. They ask nobody for permission. They don’t need any permits. They don’t need any real estate. All they need is a server (now rented in the cloud from Amazon and others) and a laptop or two and they are good to go.
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