http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/ Thu, 11 Mar 2010 19:30:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-3803 Twitter is a river… and the levees may burst Tue, 06 Oct 2009 18:05:05 +0000 http://www.cdixon.org/?p=1122#comment-3803 [...] have a liquidation preference. Of course, that assumes liquidation value of at least $100 million. Chris Dixon reminds us not to forget that the VCs take home $2 million per year in carry and describes the [...] [...] have a liquidation preference. Of course, that assumes liquidation value of at least $100 million. Chris Dixon reminds us not to forget that the VCs take home $2 million per year in carry and describes the [...]

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-3395 Guest post: The madness stops here – don’t pay a VC any fees Tue, 29 Sep 2009 15:13:59 +0000 http://www.cdixon.org/?p=1122#comment-3395 [...] larger and larger funds. Some examples of this discussion and ranting is here, here, here, here and here plus a nice aggregated listing here [...] [...] larger and larger funds. Some examples of this discussion and ranting is here, here, here, here and here plus a nice aggregated listing here [...]

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-3366 手数料を請求するVCはニセモノ, 平気で払う起業家の多いヨーロッパは無知が支配する� Tue, 29 Sep 2009 11:39:38 +0000 http://www.cdixon.org/?p=1122#comment-3366 [...] この薄汚い慣行が絶えない理由の一つは、小さなVCがこのところ増えているためだろう。しかしこの半年から1年ぐらいは、投資のパフォーマンスからのリターン以外の手数料などで肥え太るVCたちと、巨額な手数料を求めて投資額を際限なくつり上げるVCによって、VC業界は破綻の瀬戸際にあるという議論がわき起こっている。いくつかそういう議論の例を挙げると、これやこれ、これ、これ、そしてこれだ。便利なリストもある！。 [...] [...] この薄汚い慣行が絶えない理由の一つは、小さなVCがこのところ増えているためだろう。しかしこの半年から1年ぐらいは、投資のパフォーマンスからのリターン以外の手数料などで肥え太るVCたちと、巨額な手数料を求めて投資額を際限なくつり上げるVCによって、VC業界は破綻の瀬戸際にあるという議論がわき起こっている。いくつかそういう議論の例を挙げると、これやこれ、これ、これ、そしてこれだ。便利なリストもある！。 [...]

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-5791 geogebell Mon, 28 Sep 2009 19:35:39 +0000 http://www.cdixon.org/?p=1122#comment-5791 Chris -- good lens on this, but there is another layer here. VCs are not always best served by maximizing the amount of money they can get from David Swensen and his ilk. Human nature says that bigger is better. But VCs need to learn from consumers who took on impossible home mortgages while the money hose was still flowing, only to then complain that banks should have known better. VCs need to decide on their investment and portfolio strategy first. Fund size should be an outcome of this process, not an industrial testosterone contest to see who has the biggest fund. Chris — good lens on this, but there is another layer here. VCs are not always best served by maximizing the amount of money they can get from David Swensen and his ilk. Human nature says that bigger is better. But VCs need to learn from consumers who took on impossible home mortgages while the money hose was still flowing, only to then complain that banks should have known better. VCs need to decide on their investment and portfolio strategy first. Fund size should be an outcome of this process, not an industrial testosterone contest to see who has the biggest fund.

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-5790 PEDC Mon, 28 Sep 2009 18:08:35 +0000 http://www.cdixon.org/?p=1122#comment-5790 The information is public. You can see all of the rounds at <a href="http://www.pedatacenter.com" rel="nofollow">www.pedatacenter.com</a>. There is also coverage of approximately 2400 other private, US, VC backed companies, including Facebook, Ning, LinkedIn, Slide, to name a few. The information is public. You can see all of the rounds at http://www.pedatacenter.com. There is also coverage of approximately 2400 other private, US, VC backed companies, including Facebook, Ning, LinkedIn, Slide, to name a few.

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-3299 geogebell Mon, 28 Sep 2009 12:35:39 +0000 http://www.cdixon.org/?p=1122#comment-3299 Chris -- good lens on this, but there is another layer here. VCs are not always best served by maximizing the amount of money they can get from David Swensen and his ilk. Human nature says that bigger is better. But VCs need to learn from consumers who took on impossible home mortgages while the money hose was still flowing, only to then complain that banks should have known better. VCs need to decide on their investment and portfolio strategy first. Fund size should be an outcome of this process, not an industrial testosterone contest to see who has the biggest fund. Chris — good lens on this, but there is another layer here. VCs are not always best served by maximizing the amount of money they can get from David Swensen and his ilk. Human nature says that bigger is better. But VCs need to learn from consumers who took on impossible home mortgages while the money hose was still flowing, only to then complain that banks should have known better. VCs need to decide on their investment and portfolio strategy first. Fund size should be an outcome of this process, not an industrial testosterone contest to see who has the biggest fund.

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-3286 PEDC Mon, 28 Sep 2009 11:08:35 +0000 http://www.cdixon.org/?p=1122#comment-3286 The information is public. You can see all of the rounds at <a href="http://www.pedatacenter.com" rel="nofollow">www.pedatacenter.com</a>. There is also coverage of approximately 2400 other private, US, VC backed companies, including Facebook, Ning, LinkedIn, Slide, to name a few. The information is public. You can see all of the rounds at http://www.pedatacenter.com. There is also coverage of approximately 2400 other private, US, VC backed companies, including Facebook, Ning, LinkedIn, Slide, to name a few.

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-3205 Sunday links: plain vanilla plans Abnormal Returns Sun, 27 Sep 2009 18:34:22 +0000 http://www.cdixon.org/?p=1122#comment-3205 [...] David Swensen (indirectly) ruin the venture capital industry?  (Chris Dixon via Howard [...] [...] David Swensen (indirectly) ruin the venture capital industry?  (Chris Dixon via Howard [...]

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-3121 Growth Times » Should You Focus on Revenue or on Raising Money? (and the Case for a VC-Management Consultant Hybrid) Sat, 26 Sep 2009 15:46:39 +0000 http://www.cdixon.org/?p=1122#comment-3121 [...] The Twitter investment and the decline of venture capital (cdixon.org) [...] [...] The Twitter investment and the decline of venture capital (cdixon.org) [...]

]]> http://cdixon.org/2009/09/25/the-twitter-investment-and-the-decline-of-venture-capital/comment-page-2/#comment-3135 Seventy_Seven Sat, 26 Sep 2009 15:43:51 +0000 http://www.cdixon.org/?p=1122#comment-3135 Yeah, VC is a pro-cyclical play. Yeah, VC is a pro-cyclical play.

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