Resetting venture capital return expectations: is 10x the new 3x?
When I started Version One Ventures in 2012, every experienced VC shared the same rule of thumb: we had to return 3x net consistently to stay in business (i.e. 3x the invested capital net of fees over a period of about ten years for a net IRR in the low twenties). Ten years (almost) and […]
Replay launches out of beta – record and replay web applications to fix bugs faster!
Today we’re excited to share the official launch of Replay, a browser that records all of the context that developers and engineers need to fix bugs faster. It has been years since I’ve written a line of code… but there are some pain points that I’ll never forget. Nothing that I programmed ever compiled perfectly […]
Announcing our investment in Tenderly to build the world’s first end-to-end Ethereum developer platform
Today we are very excited to announce our investment in the Ethereum developer platform Tenderly. We participated in Tenderly’s $3.3M Seed round earlier this year, as well as their recent $15.3M Series A round. The Series A is led by Accel, with participation from Point Nine Capital (who led their seed), Version One, and angel […]
We’re hiring a contract content creator!
A year and a half ago, we published the first edition of our Startup Handbook. It has been well received, with over 30K downloads to date. But any guide book is always a work in progress and we have received a lot of great feedback on how to make it more valuable. As such, we […]
Q2 2021 Portfolio news
It’s hard to believe that we’re already halfway through 2021! And what a busy first half it was. Here are just some of many activities and accomplishments in the V1 portfolio during the past quarter… Public listings Coinbase went live with its direct listing on Nasdaq, becoming one of the most valuable public listings of […]