Sydecar’s Post

Announcing: $300M raised for The General Partnership's Fund II When we launched The General Partnership, we aimed to redefine venture capital partnership and closing this second fund is one more step toward that vision. Working with Daniel Portillo and our team of industry veterans, we've shown that true partnership goes beyond capital. Our approach is unique: We offer customized support for each company's needs - recruiting, product and engineering, GTM and Capital. We give founders the resources they need with capital and by deploying experienced recruiters, engineers, designers, and GTM leaders to work with leaders at each startup. We maintain alignment with founders through our Sweat Equity model. To our founders: Your trust validates our model. We're committed to driving your success through hands-on work, not just checks. To our LPs: Thank you for believing in our vision. Your support enables us to continue redefining VC and supporting the best as they build their companies. With Fund II, we're doubling down on supporting founders from formation to breakout stages and if you’re a builder, Let’s run it back! More here from Dan Primack and Axios https://lnkd.in/gcn9U9s5 And our note on TheGP II here: https://lnkd.in/gTJ8pyZu

LOVC Senior Associate, Scotty L. asserts: "Now, more than ever, mastering the art of remote-first pitch meetings is crucial for startups seeking funding." When raising institutional venture capital, first pitch calls with associates are a requisite step in most fund’s investing process. However, generating excitement about your business within a fund can often be difficult; associates spend their days talking to peer companies, and it is difficult to stand out, especially in a remote setting. Despite these less-than-ideal conditions, associates will ultimately pitch your business to their fund, so their understanding and excitement about your business is a critical variable in securing venture capital. 📖Read the full article: https://lnkd.in/eqJ3Z6Q5

Going from private equity to founding IQ Capital. This is Max Bautin's journey into venture capital. 1️⃣ Private Equity Beginnings. Max started with a team setting up mobile operators in developing countries. This laid the groundwork for his venture career. 2️⃣ Joining the Cambridge Mafia. Later on, Max's network led him to an asset management firm. Angel co-investments and university spinoffs gave him hands-on experience. 3️⃣ Founding IQ Capital. In 2005 IQ Capital was born. Max was joined by his co-founders, Ed Stacey and Kerry Baldwin. Starting with a £25 million fund, they've grown it into a series of funds. Marking now nearly two decades of impact in the venture space. Max's venture journey is as diverse as it is inspiring. It shows: ▶ continuous learning ▶ adapting to challenges ▶ growing alongside the startups they invest in. How about you? What is your journey into venture? Join the conversation. I'm looking to find out more inspiring stories across the European ecosystem. #VentureCapital #StartupFunding #JourneyinVC #Europe

How the fundraising process works by Hustle Fund 👇 1. Should you even raise money? 2. Fundraising stages explained 3. Angel investors vs. venture capitalists 4. Incorporate your company in Delaware 5. Breaking down equity, SAFEs, and dilution 6. How to determine a valuation for your startup 7. High valuations aren’t always a good thing 8. How cap tables, shares, and vesting all work together 9. Be aware of the current market conditions 10. Best times of the year to fundraise #greefin GreeFin Ventures

🚀 Exciting News from Alpha Partners! 🚀 We're thrilled to announce that our Managing Partner, Steve Brotman, has been featured in TechCrunch's latest article discussing the growing trend of pro rata rights funds. 🎉 Maintaining your stake in a winning startup is more crucial than ever. Alpha Partners is leading the charge by helping early-stage VCs secure their pro rata rights and avoid dilution. With our new fund raising over $150 million, we're committed to empowering our partners to double down on their most promising investments. 💪 Check out the full article on TechCrunch to see how Alpha Partners and other industry leaders are changing the game for seed VCs: https://lnkd.in/etVc4vsF Stay tuned for more updates as we continue to innovate and support the venture capital community! 🌟 #VentureCapital #ProRataRights #AlphaPartners #TechCrunch #StartupInvesting #VC #Innovation #EarlyStageVC #InvestmentStrategy

A great program that all entrepreneurs should go through.

OpenView Venture Partners, a Boston-based VC firm known for backing enterprise software companies like Calendly and Expensify, abruptly laid off most of its 74-person staff and ceased new investments. With $2.4 billion raised, its 2020 fund suffered losses, casting doubt on returns amid higher interest rates. Documents revealed losses on paper, prompting a "voluntary suspension period" for its recent fund. A lack of confidence in meeting commitments led to this decision, indicating mounting industry pressure. The firm's unexpected downfall highlights challenges faced by VCs navigating a demanding landscape for generating returns amidst economic shifts, impacting their investment strategies and operational sustainability. https://lnkd.in/gGPqrp_C

Thanks for these thoughts, Olivia. I (obviously) couldn't agree more. The reason that so many are so dismissive of this sort of capability-building by a small handful of firms is that they either (a) don't want to admit that it matters, because admitting it's impactful is then VERY expensive for them to then go duplicate, or (b) they've tried or seen others try, but only half-heartedly, and seen those efforts amount to not much. The reality is if you're going to do it you need to REALLY commit and invest. There can be no half measures in this stuff. If you're going to do it that way you should definitely save the money and pay yourselves more. But if you bring a customer-centric approach to it and think like a product builder, and commit whatever resources are necessary to unlock real value creation then you'll see some really rewarding results. You don't need to do everything - in fact you shouldn't. But the things you do choose to do you need to invest in the people and leadership to make sure you do it exceptionally well. People also like to say that firms that build any meaningful portfolio support capabilities end up attracting weaker founders. That's total BS and lazy thinking. As I shared in the session last week, we track religiously the engagement and interactions of our Impact team with our portfolio, and we have from the beginning found that the most capable and most experienced founders are amongst those who lean into what we offer the most. These people understand the value of free help and recognize that no matter how experienced you are and how great your founding team is, you are always under-resourced at the beginning and there is always stuff that you need help on. That's exactly what we're there for. We're not there to run a business for someone, we're there to pitch in around the edges, fill gaps that an early company isn't big enough to be able to fill on their own, etc. But really, I love that so many people dismiss this stuff. Less competition is a luxury....