Gunderson Dettmer’s Post

This $23bn fund from Lexington Partners announced last week to buy VC secondaries is a strong signal that holders of large stakes in private companies are getting more realistic in their expectations. This has been good news for Forge, the leading market for private secondaries, where as CEO Kelly Rodriques has been predicting an increase in trading volumes as sellers get more realistic. It has taken a while for them to realise that valuations really are down 50% from the highs of 2 years ago! Rich Brenner, Carl Johan Grandinson, Kristian Hansson, Denis Daull, Erik Rosen, Erik Tobieson, David S. Rose, Petter Sehlin, Eckhard Ortwein, Guy Sivan, Fabrice Grinda, Jose Marin, Dmitri ILinykh, Ake Lunden, Carsten Thoma, Daniel Lauren, Fredrik Tilander, Jonas Larsson, Peter Lansfjord, Heiko Rauch, Yat Siu, Mamelle Florent, Giulio Montemagno, Ari Korhonen, Joo Seng Wong, Steve Monaghan, Vincenzo Ciummo

👀 Nextgen Partners knows where it is → 🗓 After 3 years, Shawn Xu is stepping down... 🏆 Here are our recent favorite investors he introduced: 1. Rak Garg & Abby Meyers at Bain Capital Ventures 2. Jennifer Fleiss at Initialized Capital 3. Aaron Frank at Lightspeed 4. Ashley Aydin at VamosVentures 5. Emily Zhen at Zeal Capital Partners 6. Glenn Borok at Jump Capital 7. Sofia Guerra at Bessemer Venture Partners 8. David Bloom at The House Fund 9. Kristin Schaefer at Atomic 10. Leigh Marie Braswell at Kleiner Perkins. ———————— Shawn Xu-- We'll miss you. 👋 Tim Miller -- You have some big shoes to fill! ⛰ ———————— Raising funding? (check the link)👇 ———————— #venturecapital #investors #risingstars #startuplife

“We are grateful to our investors for their continued support in this oversubscribed share offer.” 🪙 Trevor Hope comments on the £50 million oversubscribed fundraise for the Baronsmead VCTs. “We are enthusiastic to deploy this capital in an exciting growth equity market which is poised to benefit from a wave of dynamic technological changes driven by the adoption of generative artificial intelligence and generally improving economic conditions.” As with previous years, this 2023/24 tax year fundraise was oversubscribed above its initial £30mn target, reflecting strong investor demand despite a challenging fundraising environment. https://lnkd.in/e5nRF77x #growthequity #vct | Capital at risk. Not an investment recommendation. 

Declining early-stage valuations coupled with a slowdown in M&A and the closure of public markets have significantly limited opportunities for successful exits of venture-backed companies. Recognizing this scenario as a chance for strategic maneuvering, Sequoia Heritage and Brookfield Asset Management have established Pinegrove Capital Partners, a collaborative effort focused on secondary investments. Their inaugural fund is targeting a $2 billion total raise with a focus on acquiring undervalued startups from venture capitalists and founders facing liquidity challenges. Much like the surge observed in the Private Credit sector, we can anticipate a notable increase in the emergence of fresh secondary funds. This projection is rooted in the persistently low frequency of liquidity events, which continues to characterize the current landscape.

A Promising Yet Concerning Outlook. 💼 Had to share Max Dworin's post on Peter Walker's team report from Carta's Q2 State of Private Markets. 📈 The Midwest's share of venture capital slightly improved to ~6% in Q2, but it lags compared to previous years. With the silver lining of Ohio covering around 2.34% of total #VC raised, outperforming key states. 🌟 However, there's cause for concern - the data may not be comprehensive, and Midwest VC challenges persist. As Max mentions, there is a high chance that the data is biased to a central equity management platform and may not represent companies using other reporting/management tools. Nonetheless, it is extremely valuable information and serves us well to navigate the current #startups challenges. Source in the comments! #VentureCapital #MidwestInvestment #CartaInsights #VCChallenges

Early stage start-ups that attract VC/PE investments often struggle to find a full time CTO due to economic or time constraints. This paves way for CTO Office consultancy due to a multitude of benefits. Know more https://lnkd.in/dmfX4yRx #venturecapital #startupfunding #startupecosystem #techinvesting #vcinvestment #earlystageinvesting #privateequity #startupfinance #ctoinsights #startupgrowth #technologyconsulting #ctooffice #dextralabs

Issue 23 of The Up Round will be out later today. Some highlights from the last couple weeks in the world of VC... 🤑 Funds announced $3.6B of fresh capital, including Renegade Partners, Crosslink Capital, and ICONIQ Capital, among others. Debut fund announcements remains muted ⚖ LPs have been busy! Sources say that Lexington Partners closed a secondary purchase from Horsley Bridge Partners for approx $1B of fund interests at 50% discount, earlier in the year. Also, there's new LP funds including those from Isomer Capital and first time FoF, Amkan Ventures 💫 Tenured talent continues to depart platform funds with Ethan Kurzweil announcing that he's joining Kristina Shen (ex-Andreessen Horowitz), and Mark Goldberg (ex-Index Ventures) to launch a new firm For this and more news and updates from the world of venture capital, sign up for The Up Round 👇🏽 CC/ The Multiple

Did you know that the concept of "venture capital" dates back to the mid-20th century? The first venture capital firm, American Research and Development Corporation (ARDC), was founded in 1946 by Georges Doriot. ARDC played a pivotal role in financing the growth of numerous innovative companies, including Digital Equipment Corporation (DEC), paving the way for the modern venture capital industry. Ready to take your business to the next level with strategic support? Connect with Apeiron Talents today and let's embark on your entrepreneurial journey together! #VentureCapital #BusinessGrowth #ApeironTalents

Adentro is ready for an awesome 2024! If retaining, attracting and growing your brands fan base is important to your business, you should be an Adentro customer! We drive the cost of customer acquisition down while increasing your return on customer conversions and loyalty. After watching this short 90 second video, reach out and we can get you on-board. https://lnkd.in/dMh5SaH4 #loyalty #adentro #roas #marketing #brandawareness #customerinsights