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Fund: vSpring Capital
Posted by Anonymous on 2008-12-28
Comments removed.
PRIVATE: Members OnlyAn Unusual Find in the Venture Captial World!
Fund: vSpring Capital
Posted by deppstein on 2008-02-12
I have the highest regard for Dinesh Patel, Managing Director, and of vSpring Capital for life science investments. I have been CEO of two biotech companies in which vSpring invested, encompassing both lead and non-lead positions. In both cases, Dinesh provided good insights, excellent support and help but did not impose when not needed. He has the very wonderful quality that I have only seen in a few venture capitalists of being a savy business person who cares about and knows how to make a good return but does not let this get in the way of his genuine caring for and humane treatment of people. Others I have interacted with, both on the venture capital and business side as well as elsewhere in the community have the highest regard for Dinesh, and genuinely enjoy working with him.
vSpring was also very fair in deal terms and valuation, being realistic but not greedy, and had great turn-around time on the deal. We need more firms with these qualities!
PRIVATE: Members OnlySmall Time Fund, Big Egos with Need for Control
Fund: vSpring Capital
Posted by Anonymous on 2008-01-21
If you have pitched all the real funds with no takers, and you have burned through your Angel money, you may as well pitch these guys. If you're clear that you'll let them control your company in exchange for a terrible valuation, they might just throw some money your way. A word of advice, if you pitch to Patrick Bultema, treat him like he walks on water because his ego demands it. Make it clear that you are a small humble start-up who loves living like a starving student, and you're looking for him to save you from yourself and find salvation from your current direction (or lack thereof). With his ego sufficiently engorged, maybe then will he champion your company and get you a quarter of what you think you're worth. Look on the bright side, at least you can make payroll and say you're funded by a VC. A word of advice, if you work with these guys, try to get them to put their reputation behind your company. Get them to place their 'good ol boy' network into your company. That's the only way to force them to keep you on life support long after a real VC would have pulled the plug.
PRIVATE: Members OnlyThree Things that Impress Me about V Spring
Fund: vSpring Capital
Posted by dturchin on 2008-02-01
We closed with vSpring at the end of 2006. They were our first institutional investor. We've had nothing but positive experiences but three things have impressed me most:
1) Integrity: unfortunately, many posts on this site indicate integrity can't be assumed in the venture community. Everyone at vSpring from the admins to the associates and MDs don't make commitments they can't honor and don't play mind games before, during, or after the pitch.
2) Openness: you may not hear good news from vSpring but it has been my experience that you'll always get a straight answer. No hidden agendas - and that goes for everything from term sheet negotiation through to board meetings.
3) Entrepreneurial empathy: everyone at vSpring has an operational background which means the advice we get is relevant - and we're never asked to guinea pig ideas that haven't already worked for the partners.
Paul Ahlstrom led our deal and, clichéd as it sounds, has become a friend of the company and a personal friend. He knows where he can and can't add value and is particularly good at taking the temperature of emerging markets.
Patrick Bultema, former vSpring Venture Partner, also serves on our board as Executive Chairman. He is the ying to Paul's yang and has been invaluable as a fundraising partner (yeah, partner - not armchair quarterback) and mentor.
Feel free to contact me offline with any questions about the fund. My only regret is that vSpring has a low profile in Silicon Valley. Selfishly and to help other entrepreneurs, I'd like to see more strong out-of-region deals cross the Rockies.
PRIVATE: Members OnlyOverview of V Spring's Selection Process
Fund: vSpring Capital
Posted by Anonymous on 2008-01-19
A description of vSpring's selection and pitch process
PRIVATE: Members Only (3136 Characters)Saving Capital for Current Investments No New Omnes
Fund: vSpring Capital
Posted by pacman on 2009-08-19
Replied to cold call email: "Unfortunately, in this market we are focussed on our existing portfolio companies."
PRIVATE: Members Only