The Micro-VC crunch?

Follow me @samirkaji for my always random, sometimes relevant thoughts on the world of venture investing and startups The escalating difficulty of raising Series A capital in recent years has forced many companies to have to raise multiple seed rounds. Terms like pre-seed, seed, post-seed, and seed extensions are commonplace lexicon in early stage financing. Fortunately for companies going through the multiple seed round path, this...

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Investor intros – Get rid of the buzzwords!

Investor intros – Get rid of the buzzwords!

As I’ve written about in the past, entrepreneurs can significantly increase their chances of getting funded by mastering skills as rudimentary as writing emails to potential investors. In hindsight, I failed to highlight the importance of entrepreneurs being able to effectively narrate what their company actually does. While admittedly this falls into the category of “duh, obviously”, I’m still seeing too many talented founders fall into...

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The market reset and Bank Venture Debt

Please follow me @samirkaji for my random, sometimes relevant musings on venture capital. “If one of my companies is taking on venture debt from a bank in today’s market, will they f*ck me by not letting me borrow the money when I need it?” It’s a question that a investor recently posed to me.  While blunt, it’s wasn’t an unreasonable question to ask when the private markets have started to see a marked reset. To be clear, in...

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Another Measure of Seed Fund performance

Another Measure of Seed Fund performance

Follow me @samirkaji for my random, sometimes relevant thoughts on the world of venture capital.  Paul Arnold, founder of seed stage firm Switch.VC and I wrote recently about the impact of seed funds in securing follow-on financing. That post aimed to help founders pick the seed-stage funds most likely to help them secure later financing. This second post adds detail and perspective for seed-stage focused General and Limited Partners....

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Why follow-on rates for seed funds matter

This is a re-post from an article Paul Arnold and I from Switch Ventures authored for CB Insights. Follow me @samirkaji for my random, sometimes relevant musings about the world of VC and startups. Institutional seed capital is an invaluable source for startups. As the number of institutional seed-stage firms, often referred to as micro VCs, has ballooned, founders have many choices of seed investors. According to our database, there are...

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Venture Capital takeaways from the RAISE Micro-VC summit

Follow me @samir kaji for my random, sometimes relevant musings about the venture capital world. Last week, we were fortunate enough to serve as one of the co-producers ofRAISE in the Presidio, a 1-day summit focused on helping emerging fund managers build lasting venture franchises. Much credit for the event goes to Akkadian Ventures and Core Ventures Group, who spearheaded the event along with fellow co-producers Top Tier Capital and...

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Micro VC 2.0: the different flavors of Micro-VC

Micro VC 2.0: the different flavors of Micro-VC

A couple of years ago, the team at Bullpen Capital astutely observed that seed round financing had evolved from a single event to a multi-stage, continuous process. In general terms this meant that unlike in previous years, companies often needed to raise several seed rounds before closing a traditional A round. Terms such as Pre-seed and Post-seed became parts of mainstream vernacular, and each point of the seed process exhibited unique...

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The Best Kept “Secrets” of Venture Capital

The Best Kept “Secrets” of Venture Capital

Follow me @samirkaji for my random, sometimes relevant musings about venture capital. I’m a big fan of the question and answer site Quora and think it’s an especially great resource for entrepreneurs and investors. Earlier this year, I ran across this great question posted by an anonymous user: “What are the best-kept secrets about venture capital? If you have some free time, I’d encourage you to check out all of the responses, as several...

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Decoding the Institutional Seed Stage Wine List

Decoding the Institutional Seed Stage Wine List

Over the years I’ve become a wine enthusiast of sorts. Although I’m nowhere near a connoisseur, I genuinely love sampling new wines whenever given the opportunity. However, more often than not I’m presented with encyclopedia sized wine catalogues when dining out. Like most things in life, options are great but only up to a certain juncture. Even well educated wine drinkers (not myself) can get tripped up when there are too many choices....

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Thoughts on raising a Micro-VC firm

(repost from innovation.firstrepublic.com) From San Francisco to New York, more than 250 micro venture capital firms now actively invest in early stage startup companies. Micro VC firms, which typically raise funds under $100 million, represent an extremely valuable option for entrepreneurs seeking the strategic financing and expertise to help grow their businesses. To better understand the micro VC market, and to identify some best...

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