Reflections on my first year as GP (and six years in VC!)
The first week of September is my VC anniversary. This milestone is always a great forcing function to reflect on the past year, my contributions to the startup community, as well as my overall goals. I’ve now been in VC for six full years, and I’ve written reflections dating back to 2013 when I started […]
The Version One Promise to Founders
The venture capital market has become very noisy over the past few years, especially on the early-stage side. Not a day goes by that a new fund isn’t being announced. Entrepreneurs have an increasing amount of financing options – that’s good news, but it also makes it harder to choose the right partners for your […]
Charting return multiples over time
Last week I blogged about the return multiples for our Fund I and how they perfectly illustrate just how much the power law drives VC return. Alex Norman from AngelList asked how these return multiples have changed over time and what insights could be won from that data. It was a great question and I […]
Seven years into Fund I: charting the return multiples
We raised our first fund in summer 2012. It was a $15m early-stage fund that we invested in 20 portfolio companies over the course of two and a half years. We’re now seven years in and the portfolio is maturing. I plotted the return multiples (as of June 30, 2019) for all 20 portfolio companies […]
Still growing our team
A year ago, we set out to add to our team. You may recall that we opened a search for an associate last summer. We appreciated spending time with many candidates, as well as the many intros and referrals from our friends. Unfortunately, we didn’t find someone who was the right fit for us – and […]