In my post, The Market For Venture Capital, I stated that the VC valuation market is a two sided market. The first side of that market is the market for Investable Capital, referring to the market for capital that VCs need to raise in order…

As I noted in my post, Converitble Debt: Mandatory Conversion, a savvy reader sent me an email about my post, Convertible Debt: Delaying Valuation. I thought our exchange was worth sharing.

As I mentioned in my post, The Market For Venture Capital, there are two markets that exert pressure on VC return requirements. The first market is the market for investable capital. The second market is the market for investments, where VCs jockey to…

The National Venture Capital Association (NVCA) recently released report that details where the money invested in VC funds comes from. I have pasted one of their charts below that breaks down the sources of capital that VCs invest.

In my prior posts about the market for investable capital and the market for investments I described two markets in which VCs must operate.

Wednesday night I went on a cruise around the Statue of Liberty with 30 other young VCs. For those who follow me on twitter, you probably saw the terrible picture I took from my phone of the sunset (it was one of the best I had seen in a few years — not a cloud in e sky to hide a single hue of colored…

In my post, Liquidity Preference May Vary, I mentioned that the liquidity preference multiple may vary. Typically, in a healthy market an average risk investment will be offered a 1x liquidity preference. However, several factors may drive up liquidity preference.

On occasion, I hear people imply that VCs take too big a cut in a venture transaction. While this cut can come in the form of participation and liquidity preference, at the end of the day some perceive the share of potential returns apportioned to VCs to be too big —…