Posted by Jonathan Greechan on 2011-01-13
We're happy to announce that George Zachary, General Partner of Charles River Ventures, will be speaking and judging pitches at the next Founder Showcase on February 1st in Mountain View, CA. George is one of Silicon Valley's brightest investors, having led early investments in Twitter, Yammer, Scribd, Shutterfly, and more.
George recently did an interview on Daniel Odio’s blog (recommended, by the way), describing his journey as a young entrepreneur “living on uncooked pasta” and “pulling eviction notices off our door before doing demos,” to his new focus on seed investments and his thoughts on what lies ahead. You can watch the full video below, but here are some interesting nuggets;
- “Investors are not going to make a company. A lot of that is just marketing material. But investors can screw up a company.”
- “There are a lot of new angel investors, and they’re saying things that are very disturbing. They’re saying things that some venture investors said in 2000. Things like ‘someone will buy it – how will I lose money?’”
- “Probably 80% of all angel funded companies this year will go to zero in value (in 12-24 months) – they will return less than the amount of capital invested.”
- “If you want to be a successful angel investor, there are two real strategies. Go after high profile companies and only work on 2, 3, or 4 investments – or take an index fund strategy where you make 10-30 investments a year.”
- “Only 30 out of the 300 active venture firms have profitable returns… Eight of 4,000 venture backed companies a year product over 80% of all the return. If you’re not in with one of those eight, you’re not likely to have a good fund.”
- “AngelList could be building what becomes the next NASDAQ.”
The Founder Showcase is TheFunded's quarterly startup pitch and networking event, and once again we are expecting a packed house of over 300 investors, founders, and members of the press. The event is designed to democratize access to Silicon Valley, so tickets are affordable, and the Pitch Competition is free. TheFunded readers get 15% off using the discount code 'TF_members'. Register at the link below today - the last four events have sold out, and just a little more than 100 tickets remain.
Right now we have over 50 startups vying for a spot on stage. Take a moment to review their pitches, and vote for your favorites at the link below. Your votes can help a bootstrapping startup get invaluable exposure to investors and the press in Silicon Valley.
We are also giving away one free exhibit table at the event with two tickets ($350 value) to someone who helps us spread the word. Just Tweet a message with the hashtag #foundershowcase and the URL http://bit.ly/9OlVo8, and, on Friday, January 28th, we will randomly select one winner, announcing the person on @thefunded account. A sample message is below.
- #FounderShowcase coming up on Feb. 1 with @georgezachary. Silicon Valley's Leading Pitch and Networking Event. http://bit.ly/9OlVo8
We hope you'll join us for another great event on February 1st.
Posted by Jonathan Greechan on 2010-12-17
The Early Registration Deadline for the Founder Showcase is this Sunday, December 19th at 11:59pm PST. There are a limited number of half-price tickets available before the deadline ($50), so purchase your tickets today at the link below.
The Founder Showcase is scheduled for Tuesday, February 1st in Mountain View, CA. This is TheFunded's quarterly startup pitch and networking event, and once again we are expecting a packed house of over 300 investors, founders, and members of the press. The event is designed to democratize access to Silicon Valley, so tickets are affordable, and the Pitch Competition is FREE.
Applications to Pitch on Stage at the event are also now open. The competition is completely free, and any company less than 2 years old and with less than $500k in funding can apply:
Right now we have over 40 startups vying for a spot on stage. Take a moment to review their pitches, and vote for your favorites at the link below. Your votes can help a bootstrapping startup get invaluable exposure to investors and the press in Silicon Valley.
Posted by Jonathan Greechan on 2010-12-09
The next Founder Showcase is scheduled for Tuesday, February 1st in Mountain View, CA. The Founder Showcase is TheFunded's quarterly startup pitch and networking event, and once again we are expecting a packed house of over 300 investors, founders, and members of the press. The event is designed to democratize access to Silicon Valley, so tickets are affordable, and the Pitch Competition is FREE.
Founders and CEOs can get half priced Early Registration tickets - only $50 - if you register by Sunday, Dec. 19th. There are only a limited number of tickets available at this price, so purchase your tickets today at the link below. The last 3 events have completely sold out.
Applications to Pitch on Stage at the event are also now open. The competition is completely free, and any company less than 2 years old and with less than $500k in funding can apply:
We hope you'll join us for this great event!PRIVATE: Members Only
Posted by Jonathan Greechan on 2010-12-07
Earlier this week, President Obama declared today, November 19th, National Entrepreneur's Day. In his words, entrepreneurs "power the engine of our Nation's economy. These intrepid individuals translate their vision into products and services that keep America strong and competitive on a global scale, and build opportunity and prosperity across our country."
What can you do to celebrate National Entrepreneur's Day? In short, pay it forward. We all get busy, but quite often just a few minutes of your time can make a huge impact on someone else's success. Today is the day to;
1. Finally respond to that email, return that call, provide that intro, or review that plan that an aspiring entrepreneur sent you. We all have them buried somewhere in a long list of priorities, but today is the day to find the time.
2. Contribute content to TheFunded. We now have over 15,000 members, and your honest feedback, advice, and ratings forms a powerful depository of information for entrepreneurs to access as they build their companies.
3. Help aspiring entrepreneurs take the first step towards launching their company. The Founder Institute, our startup accelerator and entrepreneur training program, is currently accepting applications in Seattle (due this Sunday, November 21st) and Boston (due January 16th, 2011). If you know somebody in those cities who wants to start a technology company, forward them the link. We've already helped launch 193 companies in 10 cities worldwide.
4. Visit Kiva.org, a microlending site whose mission is to connect people, through lending, for the sake of alleviating poverty. They have already facilitated well over $100mm in loans, and even a small loan can make a big difference.
Happy Entrepreneur's Day - and Rock On!PRIVATE: Members Only
Posted by donAdeo on 2010-11-03
At our last Founder Showcase event, a number of investors complained to me about the weak elevator pitches they were hearing from the entrepreneurs in attendance. I then went on stage and explained how to pitch a startup correctly, focusing on a one sentence format. The formula that I presented is easy, but most entrepreneurs manage to screw it up, nonetheless. Most people add useless adjectives, define their audience too vaguely, and have a weak value proposition with no secret sauce.
How much better would the world be if every startup could explain their business well in one sentence?
In the video below, I outline an easy way to nail the opening to your pitch. It's what I like to call, "Madlibs for Pitching";
THE MADLIBS FORMAT:
My company, _________,
is developing __a defined offering__
to help __a defined audience__
__solve a problem__
with __secret sauce__.
TechCrunch did an article on this formula earlier today as well.
Need more help? If you are in the Silicon Valley or Seattle areas, I'm hosting free hands-on workshops to help improve your "Startup Ideation" and pitching;
Silicon Valley Ideation Bootcamp
Friday, November 5th, from 6 to 8 PM
Seattle Ideation Bootcamp
Wednesday, November 10th, from 6 to 8 PM
Posted by donAdeo on 2010-10-26
BreezyPrint, who makes software that lets you print and fax from mobile devices, won the Grand Prize at the Founder Showcase in Mountain View last week. Jared Hansen, Founder and CEO of BreezyPrint, got the most votes from the sold out 315 person crowd and the majority vote of the Judging Panel, winning $2500 cash, a slot on stage at the Keiretsu Forum EXPO, a free 6 month trial to the Position2 Brand Monitor System, a $250 credit for a market research survey on AskYourTargetMarket.com, an HP Notebook Companion Projector, and a free ticket to BizTechDay San Francisco.
BreezyPrint is a graduate of the Founder Institute Silicon Valley Chapter. You can get a free trial at BreezyPrint.com, or watch the video of their winning pitch here;
Micromobs, a group messaging service, was the Runner-Up.
Mike Maples Jr. of FLOODGATE also gave a great speech on "Thunder Lizards" and business model pivots - a must watch for any first time entrepreneur. The video is below, and TechCrunch did a great write up here.
The next Founder Showcase will be scheduled for January, 2011. We will be announcing the final date and a limited number of half-priced tickets in the next few weeks - to get this update and keep track of the event, like us on Facebook.
Thanks to everyone who attended.PRIVATE: Members Only
Posted by donAdeo on 2010-10-14
Please accept my invitation to the next Founder Showcase on October 21st, featuring Mike Maples of FLOODGATE, currently our fifth ranked fund and top Super Angel. There will also be ten companies presenting (all members of TheFunded), approximately 50 investors, and additional networking time. It will be the best Showcase, yet.
Maples spoke at our exclusive "Future of Funding" event this February, encouraging everyone to back "Thunder Lizards." These are small and disruptive startups that require little money, but are "hatched by atomic eggs" and eat the competition like Godzilla. The video is here (http://www.vimeo.com/9602107), and there are some important points to highlight in the current venture capital downturn:
1. Despite popular belief, a startup looking to disrupt a big industry does not necessarily need a ton of venture capital. Maples cites Microsoft ($1 MM in funding) and eBay ($5 MM) as proof that small startups with little funding can still have proportionally huge exits. "I would argue that the vast majority of truly great companies have done it that way" he says, calling these companies "beer slammers," as opposed to the majority of Silicon Valley VCs and entrepreneurs, who tend to be "wine sippers."
2. A lot of people cite Marc Andreesen's saying that if everybody likes an idea, then it's probably not radical enough to be worth pursuing. Maples provides further context to this adage. If other people think an idea is ridiculous, then that startup will have a lot of freedom and room to experiment and grow before any competition comes forward. Conversely, if everyone is jumping into a hot sector, that startup will face a lot of "mindless competition" ("me too" companies) and overfunding in the space ("me too" financing rounds). All of the copycats ultimately eat into a startup's profits. With the overall pot of available VC money down to historically low levels, both entrepreneurs and investors need to look for the unconventional to find the big win, more than ever before.
Use the discount code "TF_members" to get 20% off tickets and inexpensive pitch tables at http://www.foundershowcase.com/tickets. TheFunded will also give away one free table at the event with two tickets to someone who helps us spread the word. Just Tweet a message with the hashtag #foundershowcase and the URL http://bit.ly/9OlVo8, and, on Friday, October 15th, we will randomly select one winner, announcing the person on @thefunded account. A sample message is below.
- The #foundershowcase is coming up on 10/21. Silicon Valley's Leading Startup Pitch and Networking Event. http://bit.ly/9OlVo8
Thanks for your support, and we hope to see you there.
- The Founding MemberPRIVATE: Members Only
Posted by donAdeo on 2010-10-08
The Founder Showcase Pitch Competition is coming to an end this Sunday evening, October 10th. We have close to 40 company pitches vying for 10 spots to present on stage at the Founder Showcase on October 21st in Silicon Valley.
This competition is one of the closest we have ever had. In fact, right now only 4 votes separate over half of the companies in the competition. Do your part and vote for your favorite pitches today;
Over $2mm has been raised at previous Showcase events, and we are once again expecting a packed house of over 300 investors, founders, and members of the press. Your votes make a real difference.
Thanks, and good luck to the participating companies!PRIVATE: Members Only
Posted by The Founding Member on 2010-09-07
In just one year we've grown the Founder Showcase to be Silicon Valley's Premier Startup Pitch and Networking Event. The winner of each event has received funding from an investor they met at the event, and countless other presenting companies have received funding as well - over $2mm in total. The best part for us, however, is that all the companies presenting at the event and getting financed are members of TheFunded.
The 5th Founder Showcase is coming up on Thursday, Oct. 21st in Mountain View, CA. We previously declared 2010 "The Year of the Angel", so we're very happy to announce that Super Angel Mike Maples Jr., Managing Partner of FLOODGATE and early investor in Twitter and Digg, will be speaking and judging pitches at the event. In all we expect over 300 in attendance, include over 40 investors. Check out this video recapping the last event, and reserve your tickets today. The last three Showcases have completely sold out.
Applications to pitch on stage at the event are also now open. The competition is free, and any company less than 2 years old and with less than $500k in funding can apply. Click here for more information.
Finally, we've also teamed up with BizTechDay, the largest and most impactful business and technology entrepreneur conference, to offer technology entrepreneurs access to both events on October 21st and 23rd in the Bay Area for a reduced bundled price. By attending the Showcase and BizTechDay, you will meet and learn from the brightest minds and most promising startups in San Francisco and Silicon Valley. Only 25 bundled tickets are available, so reserve yours today.
We hope to see you at the Founder Showcase.PRIVATE: Members Only
Posted by Marc Huey on 2010-08-27
The San Jose Mercury News reported recently on the grim numbers released by the National Venture Capital Association on returns on venture capital investments. 10-year returns turned negative toward the end of 2009 and are even worse in the first quarter of 2010. The 10-year return is a significant benchmark of performance in the venture capital industry. It is reported that the NVCA numbers show “venture capital funds returned 25.8 percent over 10 years for the quarter ending March 2009” and “for the quarter ending March 2010, that return had fallen to minus 3.9 percent.”
Furthermore, these numbers indicate a more serious problem in the venture capital financial model. The venture capital model is built on a minimum number of portfolio companies holding IPOs to make up for other portfolio companies which fail. With less and less companies going public, it is closer to impossible for venture firms to meet their required returns for investors and sustain their current business model. This translates into a shift in Silicon Valley and ultimately affecting job creation and the overall economy.
The article points to an end of the vneture capital industry. Is it really an end or just a realignment? And are IPOs headed for a come back or will smaller M&As proliferate in the years to come? Article found can be found here.PRIVATE: Members Only
Posted by The Founding Member on 2010-08-05
SeePort, a company that makes "video window" wifi devices and software that connect people with live video chat, won the Grand Prize at the Founder Showcase in Mountain View last night. Lauren Elliot, Founder and CEO of SeePort, won $2,500 in cash, a place on stage at the DEMO conference, free pitching slots at the Keiretsu Forum and free services from Cooley and oDesk by gathering the most votes from the sold out 315 person audience and final approval from the judging panel. There was a tense moment with a near tie from the realtime audience voting system provided by myQaa. The on stage Showcase judges were George Zachary of Charles River Ventures, Rebecca Lynn of Morgenthaler Ventures, Jed Katz of Javelin Venture Partners, Jason Calacanis of Mahalo and Sarah Lacy from TechCrunch. Here is a video of their winning presentation:
SeePort develops software and hardware solutions to enable video telepresence for the mass market. Their standalone and consumer-friendly devices cost less than $200 and are easy to configure through a touch screen interface, providing a video window between grandparents and grandchildren, long distance relationships, friends and business applications. The device looks like a digital picture frame and is designed to interoperate with FaceTime and other video phone applications.
SeePort has functioning prototypes and plans to release the product by CES 2011. They have also formed a marketing and sales partnership with a major multinational US corporation that produces imaging, photographic materials and equipment. SeePort is a graduate of the Bay Area Founder Institute program, and the first graduate to win the Founder Showcase.
"Winning the Founder Showcase was incredible, and I am very grateful to Adeo and the Founder Institute," says Lauren Elliot, Founder and CEO of SeePort. "The response from the venture community to SeePort has been overwhelming."
Aprendi Learning, which provides software for universities to build, grow and manage large online classes and degree programs, came in a close second as the official Runner-Up.
A limited number of half-price tickets are on sale here for the next event in Mountain View on October 21st, 2010. EnjoyPRIVATE: Members Only
Posted by The Founding Member on 2010-06-16
On Tuesday, August 3rd, ten companies elected by over 14,500 registered CEO Members of TheFunded.com will present to an audience of over 275 investors, founders, and members of the press. Showcase guests will be treated to an interview of Elon Musk, CEO of Space X and Tesla Motors, by Jason Calacanis, CEO of Mahalo.com. Food and drinks will be served for this memorable evening. The early registration spots have already sold out after just three hours, so reserve your ticket or pitch table today:
To enter the Pitch Competition and have a chance to Pitch at the event, add your company to http://www.thefunded.com/showcase/notice. Presenting companies have closed over $1 million worth of investment through relationships started at the Showcase. Any company that is less than two years old and has raised less than $500,000 is invited to apply. The full details of the Pitch Competition are at http://foundershowcase.com/apply.
Every Member is encouraged to take five minutes, review some of the pitches and vote for the ones that you support at http://www.thefunded.com/showcase. We rely on the votes of our CEO and Founder members to choose the innovative companies most qualified to Pitch, and your vote can help a fellow entrepreneur get in front of the investors and media they need to launch their company.PRIVATE: Members Only
Posted by The Founding Member on 2010-05-29
Phil Libin, CEO of Evernote, delivered the opening keynote at the Founder Showcase based on a talk that from the TheFunded Founder Institute. In the talk, Phil reveals company revenues, conversion rates, costs and other traditionally private growth metrics. The video below is worth watching.
Phil decided to share Evernote information publicly after being frustrated by the lack of accurate and useful data. In a Q&A session after the talk, Phil encouraged other CEOs to share information and help the next generation of companies avoid mistakes and become more successful. Phil said, "I wish that I had data like this when growing Evernote, as it would have made my life a lot easier."
Posted by The Founding Member on 2010-05-21
On May 18th, TheFunded hosted another exciting Founder Showcase event in Mountain View, California. Nearly 50 investors, 150 Founders and 50 other guests attended the evening festivities. A brief recap of the event is below.
eVenues, an Expedia for meeting space, was the Grand Prize Winner, winning tickets to TechCrunch Disrupt and DEMO Fall 2010, $2500 in cash, $2000 in free legal from Cooley Godward Cronish LLP, and $250 in oDesk credit.
SnapShop, which lets you use your mobile to try before you buy, was the Runner-Up.
Other presenters included:
- Amahi - Making networking simple.
- Breakthrough - A platform for secure online counseling.
- CloudCanvas - Full-featured creative applications right in the web browser.
- Heliograph - Making content acceleration better, easier and affordable.
- Memetales - A marketplace for children's books, media and merchandise.
- Monstrous - Brand-based social gaming.
- Puzzazz - Building the premier source for puzzles and puzzle games.
- Sales Portal - Google Adsense for phone leads.
- TrueInsider - Empowering employees to improve their company.
- vSee - Remote teamwork made simple.
- Zendorse - Social commerce for media and entertainment.
And in case you weren't able to speak with any of the other great companies at our Pitch Tables, here they are:
- Charles River Ventures
- Morgenthaler Ventures
- SoftTech VC
- Aon Techshield
- Cooley Godward Cronish LLP
- Microsoft BizSpark
- TechCrunch Disrupt
- DEMO Fall 2010
- VC Taskforce
We hope to see you at future Founder Showcase events!PRIVATE: Members Only
Posted by The Founding Member on 2010-05-14
The early admissions deadline for the third semester of TheFunded Founder Institute in Silicon Valley is this Sunday, May 16th, 2010. Sessions start on June 5th. The four month training program and apprenticeship helps anyone with an idea or an early-stage company avoid deadly mistakes, reduce launch costs and plan for success. If you know anyone that can use a boost, invite them to apply:
The Institute has historically accepted between 60% and 70% of applicants that applied by the early admissions deadline. Applying early gives every applicant two chances to be accepted, exposure to hundreds of private talks and early access various preparation materials. The Institute has recruited two dozen successful startup Founders to help fellow entrepreneurs launch enduring and meaningful technology companies, including:
- Fred Joyal, CEO, 1-800-DENTIST
- Jason Nazar, CEO, Docstoc
- Jonathan Abrams, CEO, Socializr
- Munjal Shah, CEO, Like.com
- Phil Libin, CEO, Evernote
Please help us spread the word, and enjoy!PRIVATE: Members Only
Posted by The Founding Member on 2010-04-22
TheFunded Founder Showcase, the leading seed-stage pitch and networking event taking place on May 18th in Silicon Valley, has just added DEMO as a prize partner. The Grand Prize Winner of the Founder Showcase will now win a $5000 Alpha Pitch slot at DEMO Fall 2010, in addition to free services from Cooley Godward Kronish LLP and oDesk. The worldwide DEMO conference focuses on emerging technologies and new product innovations and will provide the Grand Prize Winner with an even greater platform for exposure and success.
Less than 50 tickets remain for the event, and there are only a half dozen low-price pitch tables available. Reserve a spot today.
Help fellow startups by reviewing the pitches on the Showcase, and voting for your favorite ideas. Voting ends on Sunday, May 9th. The top 3 pitches in the competition are currently:
- CloudCanvas - An online application that enables creative people to make art, design, and other digital media right in the browser.
- Monstrous - A next generation social game platform for the iPhone, Wii, Playstation 3, XBox 360, and Facebook.
- 1-800-Battery - A one-stop search portal and phone number to deliver hard to find rechargeable batteries for hundreds of thousands of devices.
The three newest pitches in the Competition are:
- vSee - A desktop software that makes distributed teamwork simple via secure application sharing, videoconferencing, and file transfer.
- eMotion Group - Developing BFF Gemz - a smart fashion accessory linked to a social network.
- Sales Portal - An online, real-time auction based exchange for live phone leads.
If you have an seed-stage technology company less than 2 years old and with less than $500,000 in funding, add your pitch to TheFunded Showcase for your chance to present at the event. The evening festivities attract an audience of over 250 investors, founders, and members of the press.PRIVATE: Members Only
Posted by The Founding Member on 2010-04-13
On May 18th, TheFunded will host the third Founder Showcase in Silicon Valley to highlight the twelve best seed-stage startups from around the world. The evening event will include two strong talks by Phil Libin of Evernote and Bubba Murarka of Facebook in between three minute pitches, food and drinks. The event has historically attracted 250 founders, early-stage investors, angels, bloggers and other guests. TheFunded is offering two dozen discounted tickets to Members below, and the event is expected to sell out in the next few days:
Of the twelve companies that pitch, TheFunded will choose four seed-stage startups to present, and eight other companies will earn a spot on stage by vote of the 14,000 Members on the Showcase section of TheFunded. Every Member is encouraged to take five minutes, review some of the pitches and vote for the ones that you support:
Presenting seed-stage companies have closed over one million dollars worth of investment through relationships started at the Showcase. Any company that is less than two years old and has raised less than $250,000 is invited to create a Showcase profile and secure enough peer votes to make it on stage. You can start a profile now at the link below:
The Showcase format has been enhanced with...
- A new Panel of Investors and Mentors to review pitches
- The two best pitches by audience vote will face off in a "Showcase Showdown"
- The Runner-Up will receive $1,000 in free legal from Cooley
- The Grand Prize Winner will get $2,500 in cash and $2,000 in free legal from Cooley
More prizes will be announced. Thank you, and enjoy!PRIVATE: Members Only
Posted by The Founding Member on 2010-02-16
The last few tickets remain for the Future of Funding. The agenda is fairly comprehensive, and the panels cover the key issues of our time. Please join us.
The Entrepreneur Perspective:
The past year has been hard for fundraising. What do entrepreneurs really need and what do they want? Is innovation suffering, or are the strong overcoming obstacles? This panel will explore what seasoned entrepreneurs have to say about the present and future environment of funding.
- Moderator: Michael Arrington, Founder, TechCrunch
- Chris Dixon, CEO, Hunch
- David Kidder, CEO, Clickable
- Scott Painter, CEO, Zag
- Robert Ackerman, Managing Director, Allegis Capital
Innovative Fund Experiments:
Traditional Venture Capital firms have not been standing still. Many are experimenting with new models for early stage deals. This panel will explore how different venture groups have delivered innovative financing programs.
- Moderator: Matt Marshall, CEO and Editor, VentureBeat
- George Zachary, Partner, Charles River Ventures
- Dave McClure, Angel, Founders Fund, (FF Angel & fbREV)
- Ryan Spoon, Sr. Associate, Polaris Ventures (Dog Patch Labs)
- Jeff Clavier, Managing Partner, SoftTech VC
- Kevin Dick, Managing Director, Right Side Capital Management
The Role of Corporate Investors:
Corporate investors have filled a void in the market, but there has been a long tension with financial investors. How has the role of corporate investors changed over the last year? Can common ground be found with financial investors? This panel will explore the changing role of corporations in funding.
- Moderator: Adeo Ressi, CEO of the Founder Institute
- Jon Gelsey, Director of Corporate Development, Microsoft
- Michael Yang, Venture Partner, Comcast Interactive Capital
- Harshul Sanghi, Managing Director, Motorola Ventures
- Mike Brooks, Venture Executive, Chevron Technology Venture
- Kuk Yi, Managing Partner, Best Buy Capital
Incubator and Accelerators:
There is an increasing number of incubators and accelerators appearing around the country. What has been their effect? What models are working? How are they succeeding, and what challenges are they facing? This panel will examine the growing role of incubators.
- Moderator: Matt Marshall, CEO and Editor, VentureBeat
- Adeo Ressi, CEO of the Founder Institute
- David Cohen, CEO, Techstars
- Danny Robinson, Managing Director, Bootup Labs
- Reshma Sohoni, CEO, Seedcamp
The Growth of Small Firms:
There are an increasing number of venture capital firms with smaller and smaller fund sizes. These firms are starting to see some interesting returns, while remaining popular with entrepreneurs. What is working? What is not? This panel will explore how some of the small firms are investing and looking for big wins.
- Moderator: Dan Primack, Founder, peHub
- Mike Maples Jr., Managing Partner, Maples Investments
- Rob Hayes, Partner, First Round Capital
- Naval Ravikant, Managing Partner, Hit Forge
- Chris Sacca, Managing Partner, Lowercase Capital
- Aydin Senkut, Founder & President, Felicis Ventures
The Emergence of Secondary Markets:
A number of secondary markets for private equity have emerged in the last year. Is selling founder stock a good idea? When should funds look to liquidate positions? What are the real dynamics of these marketplaces? This panel will explore the role of secondary markets in the modern funding ecosystem.
- Moderator: Dan Primack, Founder, peHub
- Greg Brogger, Founder and CEO, SharesPost
- David Quinlivan, Managing Director, Saints Capital
- Justin Burden, Principal, Industry Ventures
- Barry Silbert, Founder and CEO, SecondMarket
- Larry Albukerk, Founder, EB Exchange Funds
Posted by The Founding Member on 2010-02-02
Join us for the Future of Funding in San Mateo on February 18th, 2010. Meet some of the top rated venture capitalists of 2009, and learn about critical changes in the funding ecosystem that affect your startup today. Identify trends that will affect your next fundraising before you waste invaluable time.
This one day symposium examines new ideas and new models for investment, covering the key questions facing the funding of innovation in 2010. Where will the returns come from? Are the incentives aligned? Are the terms too complicated? Who are the new players? What are the new models? A lineup of leading investors and entrepreneurs, such as Chris Dixon, Mike Maples, George Zachary, Jeff Clavier, Barry Silbert and more, are scheduled to speak on numerous panels throughout the day.
TechCrunch is offering two free tickets to the event ($600+ value each) for the most insightful comments on the state of Venture Capital under the following post:
Posted by The Founding Member on 2010-02-02
The 13,400 CEO Members of TheFunded have rated in the highest possible rank 84 top venture capitalists for 2009 from 17,834 investment professionals listed in the directory. To make the list, a venture capitalist must have a personal rating of at least 4 out of 5 with a minimum of 5 separate CEOs reviewing them. In addition, no more than 1 out of 5 reviews can be negative, scoring a 3 or below.
These individuals represent less than one half of one percent of everyone in the field, and to be voted as a great VC by anonymous CEOs in today’s market is an amazing achievement.
4.5 and Above
Terrance G. McGuire, Managing General Partner at Polaris Venture Partners, rated 5 by 5 CEOs
Mark Suster, Partner at GRP Partners, rated 4.8571 by 7 CEOs
Andy Fillat, Managing Member at Leapfrog Ventures, rated 4.8333 by 6 CEOs
Dan Rua, Managing Partner at Inflexion Partners, rated 4.8 by 5 CEOs
Paul H. Klingenstein, Managing Partner at Aberdare Ventures, rated 4.6667 by 9 CEOs
Stuart Ellman, Managing Partner at RRE Ventures, rated 4.6667 by 6 CEOs
David Sze, Partner at Greylock Partners, rated 4.6429 by 14 CEOs
Ross A. Jaffe, Managing Director at Versant Ventures, rated 4.6364 by 11 CEOs
Steven D. Arnold, Managing General Partner at Polaris Venture Partners, rated 4.625 by 8 CEOs
Brook H. Byers, Partner at Kleiner, Perkins, Caufield & Byers, rated 4.6 by 10 CEOs
John Doerr, Partner at Kleiner, Perkins, Caufield & Byers, rated 4.5714 by 14 CEOs
Philip Gianos, General Partner at InterWest Partners, rated 4.5714 by 7 CEOs
James D. Robinson III, General Partner at RRE Ventures, rated 4.5556 by 9 CEOs
Richard W. Levandov, General Partner at Masthead Venture Partners, rated 4.5455 by 11 CEOs
Phil Black, General Partner at True Ventures, rated 4.5 by 12 CEOs
Andreas Stavropoulos, Managing Director at Draper Fisher Jurvetson, rated 4.5 by 6 CEOs
4.0 and Above
Jed Katz, Managing Director at Javelin Venture Partners, rated 4.4737 by 19 CEOs
William J. Link, Managing Director at Versant Ventures, rated 4.4444 by 9 CEOs
Jon Callaghan, General Partner at True Ventures, rated 4.4167 by 12 CEOs
Joerg Ueberla, General Partner at Wellington Partners, rated 4.4 by 5 CEOs
Tom Bogan, Partner at Greylock Partners, rated 4.4 by 5 CEOs
Maria Cirino, Managing Director at 406 Ventures, rated 4.4 by 5 CEOs
Mark S. Menell, Partner at Rustic Canyon Ventures, rated 4.3333 by 12 CEOs
Doug Pepper, General Partner at InterWest Partners, rated 4.3333 by 9 CEOs
Michael T. Fitzgerald, General Partner at Commonwealth Capital Ventures, rated 4.3333 by 9 CEOs
Bijan Salehizadeh, M.D., General Partner at Highland Capital Partners, rated 4.3333 by 9 CEOs
Nicolas El Baze, Partner at Partech International, rated 4.3333 by 6 CEOs
Howard Morgan, Partner at First Round Capital, rated 4.3077 by 13 CEOs
Bill Tai, Partner at Charles River Ventures, rated 4.2857 by 14 CEOs
David Ladd, Managing Director at Mayfield Fund, rated 4.2857 by 7 CEOs
Frank Boehnke, General Partner at Wellington Partners, rated 4.2857 by 7 CEOs
Michael Moritz, Partner at Sequoia Capital, rated 4.2778 by 18 CEOs
Peter Sinclair, Managing Member at Leapfrog Ventures, rated 4.2727 by 11 CEOs
Donald B. Milder, Managing Director at Versant Ventures, rated 4.25 by 8 CEOs
John Burke, General Partner at True Ventures, rated 4.25 by 8 CEOs
Bill Kaiser, Partner at Greylock Partners, rated 4.25 by 8 CEOs
Bill Elmore, General Partner at Foundation Capital, rated 4.25 by 8 CEOs
Mark Hatfield, Partner at Fairhaven Capital, rated 4.2222 by 9 CEOs
Joshua Kopelman, Managing Partner at First Round Capital, rated 4.2 by 30 CEOs
Lon H.H. Chow, General Partner at Apex Venture Partners, rated 4.2 by 5 CEOs
Dave Fachetti, Managing Director at Globespan Capital Partners, rated 4.2 by 5 CEOs
Edward L. Cahill, Partner at HLM Venture Partners, rated 4.2 by 5 CEOs
Mike Maples Jr., General Partner at Maples Investments, rated 4.1818 by 22 CEOs
David Stern, Venture Partner at Clearstone Venture Partners, rated 4.1818 by 11 CEOs
Curtis Feeny, Managing Director at Voyager Capital, rated 4.1667 by 12 CEOs
John W. Jarve, Managing Director at Menlo Ventures, rated 4.1667 by 6 CEOs
Shawn T. Carolan, Managing Director at Menlo Ventures, rated 4.1667 by 6 CEOs
Bob Spinner, Managing Director at Sigma Partners, rated 4.1667 by 6 CEOs
Stuart MacFarlane, Managing Director at Momentum Venture Management, rated 4.1667 by 6 CEOs
Roelof Botha, Partner at Sequoia Capital, rated 4.1538 by 26 CEOs
Anthony P. Lee, General Partner at Altos Ventures, rated 4.1538 by 13 CEOs
William D. Porteous, General Partner at RRE Ventures, rated 4.1538 by 13 CEOs
Michael Kim, Partner at Rustic Canyon Ventures, rated 4.1538 by 13 CEOs
Brent Ahrens, General Partner at Canaan Partners, rated 4.1429 by 7 CEOs
Eric Wiesen, Principal at RRE Ventures, rated 4.1429 by 7 CEOs
Alex Mendez, General Partner at Storm Ventures, Inc., rated 4.125 by 8 CEOs
Richard A. D'Amore, General Partner at North Bridge Venture Partners, rated 4.125 by 8 CEOs
Jonathan Ebinger, Partner at BlueRun Ventures, rated 4.1111 by 9 CEOs
Gus Tai, General Partner at Trinity Ventures, rated 4.1 by 10 CEOs
Fred Wilson, Partner at Union Square Ventures, rated 4.0952 by 21 CEOs
Ron Conway, General Partner at SV Angel, rated 4.0909 by 11 CEOs
Hodong Nam, General Partner at Altos Ventures, rated 4.0833 by 12 CEOs
Gilman Louie, Partner at Alsop Louie Partners, rated 4.0769 by 13 CEOs
George Zachary, Partner at Charles River Ventures, rated 4 by 16 CEOs
Paul Maeder, General Partner at Highland Capital Partners, rated 4 by 9 CEOs
Warren J. Packard, Managing Director at Draper Fisher Jurvetson, rated 4 by 9 CEOs
Bryan Schreier, Partner at Sequoia Capital, rated 4 by 9 CEOs
Brian Pokomy, Associate at SV Angel, rated 4 by 8 CEOs
Byron Deeter, Venture Principal at Bessemer Venture Partners, rated 4 by 8 CEOs
Kevin Spain, Principal at Emergence Capital Partners, rated 4 by 7 CEOs
Thatcher Bell, Principle at Draper Fisher Jurvetson Gotham Ventures, rated 4 by 7 CEOs
Kirk Holland, General Partner at Vista Ventures, rated 4 by 7 CEOs
Jonathan Seelig, Managing Director at Globespan Capital Partners, rated 4 by 7 CEOs
Andrew L. Zalasin, General Partner/CFO at RRE Ventures, rated 4 by 7 CEOs
Bruce K. Taragin, Partner at Blumberg Capital, rated 4 by 7 CEOs
Frederick J. Dotzler, Managing Director at De Novo Ventures, rated 4 by 6 CEOs
Max Niederhofer, Associate at Atlas Venture, rated 4 by 6 CEOs
Gil Dibner, Principal at Genesis Partners, rated 4 by 6 CEOs
Ryan Ziegler, Investment Manager at Edison Venture Fund, rated 4 by 6 CEOs
Bob Pavey, General Partner at Morgenthaler Ventures, rated 4 by 6 CEOs
Philippe Herbert, Partner at Banexi Ventures Partners, rated 4 by 5 CEOs
Eric Hjerpe, Partner at Atlas Venture, rated 4 by 5 CEOs
Angelo J. Santinelli, General Partner at North Bridge Venture Partners, rated 4 by 5 CEOs
David Min, Principal at Steamboat Ventures, rated 4 by 5 CEOs
Posted by Admin: Marc on 2010-01-30
New Deal Structures Emerging: With a new year and an ever changing venture environment, we are seeing new developments in deal terms and exit opportunities. Deal structures known as "DST deals" are becoming more popular with these type of investments associated with Facebook, Zynga, and most recently, Yelp. These deals provide "both a primary investment component as well as a secondary offering for long time employees." - TechCrunch
First Round Capital Develops New Startup Exchange: On the exit side of startups, First Round Capital recently launched a Startup Exchange Fund for its portfolio companies. "The fund allows founders of First Round Capital's portfolio firms to contribute some of their equity into a central pool, and share in any exit success of others who also participate in the fund" according to SoCalTech.com. Similar to the fundamental pinciples of the Founder Institute (run by TheFunded.com), founders own a piece of each other's business to better align incentives, diversify some risk, and share in the upside. SecondMarket and SharesPost are two companies contributing to this changing landscape by creating an alternative exit strategy besides an IPO or M&A. They have created a secondary market for shareholders in private companies, allowing them to sell part of their stake before the realization of a traditional exit. - SoCalTechPRIVATE: Members Only
Posted by Admin on 2010-01-22
The 2009 Venture Investment Numbers: 2009 had the lowest amount of investments into startups since 1997. "Atlas Venture’s Jeff Fagnan, who discussed about the numbers during the press conference call, also acknowledged that it has been a slow year for investments. The word for 2009 was 'triage,' he said, as venture firms found themselves with smaller reserves for follow-on funding than expected and more portfolio companies that needed help." - VentureBeat
Help address this problem at a special one day symposium discussing the future of funding, hosted by TheFunded. More information is available below:
Posted by The Founding Member on 2010-01-21
The Founder Institute, a training program for technology entrepreneurs that shares equity upside among all stakeholders, is opening semesters in Singapore, Paris, Los Angeles and Denver for the Spring 2010. With this expansion, the Institute will now operate in nine cities worldwide, putting it on pace to graduate over 700 founders creating over 500 companies per year.
The Institute is run by founders for founders, providing a framework for successful entrepreneurs to share their experiences and to help. We've already lined up an impressive group of mentors for the Spring semesters, including Nolan Bushnell (Founder of Atari), Michael Robertson (Former CEO of MP3.com), Aaron Patzer (Founder and CEO of Mint.com), Phil Libin (CEO of Evernote), and many more.
If you can benefit from training and mentorship to make your startup more successful, please apply. If you know a founder that needs help, encourage them to join the program. The deadline for early admissions is February 15th, with all applications due by February 28th, 2010.
Everyone that graduates from the program is invited to join a pool to share in the upside generated from the success of their peers. This adds a unique camaraderie to the program and creates a long-term peer support group with a vested interest in your success. Take a minute to apply today.
Below is a video introduction to the Founder Institute delivered to 100 guests at the University of Washington in Seattle.
Interested in Founder Institute updates? Sign-up at: http://bit.ly/4vJaJu
For experienced CEOs, we invite you to a special one day symposium discussing the future of funding, hosted by TheFunded. More information is available below: