Practical Venture Capital

Practical Venture Capital grows secondaries portfolio with the launch of third VC fund. PVC Secondary Fund 3, which targets a final close in 2025, will focus on LP-led, less competitive deals. Dave McClure | Aman Verjee, CFA | Stephanie M. Shorter, PhD #Secondaries #SecondaryMarket #AlternativeInvestments #PrivateMarkets #Fundraising https://lnkd.in/ev_SxGkq

New data - this time for emerging VCs! Our first ever VC Fund Performance report is now live, with data up through Q1 2024. Carta serves more than 3,000 venture firms across many categories, so we’ve narrowed this analysis in a few ways to make it more impactful. Only U.S. funds are included, and all included funds are direct venture investors (as opposed to fund of funds). Funds must have been in vintage years 2017 through 2022. Each vintage year includes at least 120 underlying funds (and far more in most vintages). We believe this represents a dramatic expansion of the public data available for small VC fund performance. Note that this report does include some data from funds over $100 million as well, a traditional delineation point between emerging and established managers. 𝗗𝗮𝘁𝗮 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 • 𝗦𝗹𝗼𝘄 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗱𝗲𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁: Funds in the 2022 vintage have deployed about 43% of their committed capital at the 24 month mark, the lowest share of any analyzed vintage. Prior vintages ranged from 47%-60% after 24 months.    • 𝗚𝗿𝗮𝗱𝘂𝗮𝘁𝗶𝗼𝗻 𝗿𝗮𝘁𝗲𝘀 𝗱𝗲𝗰𝗹𝗶𝗻𝗶𝗻𝗴: 30.6% of companies that raised a seed round in Q1 2018 made it to Series A within two years. Only 15.4% of Q1 2022 seed startups did so in the same timeframe.    • 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀 𝗯𝗮𝗰𝗸 𝘁𝗼 𝗟𝗣𝘀 𝗿𝗲𝗺𝗮𝗶𝗻 𝗲𝗹𝘂𝘀𝗶𝘃𝗲: Less than 10% of 2021 funds have had any DPI after 3 years. This is obviously the first release of what we hope to be a quarterly deep-dive, so if you have ideas on how to improve it shout out in the comments! Also if you are a Carta Fund Admin customer, you can certainly read the public report – but you'll be receiving an exclusive, expanded analysis in your inbox this morning. We appreciate you 🙏 Link to full report: https://lnkd.in/g7Fy33Ya Data to the startup people! #venturecapital #VC #emergingmanager #fundperformance  #startups

Adam Draper, Founder/Managing Director of Boost VC will be joining our speakers at GeeksSFO this Thursday! This will be a high-octane networking evening with VCs and founders, and a warm welcome to potential new Geeks! Enjoy an evening of great conversations, smart networking, and shared highlights of the 42Geeks' most recent trip to Singapore as part of the Southeast Asia Tour. Join us for a Venture Panel Chat with fellow founders and investors: Adam Draper, Kenny Estes, Nuno Goncalves Pedro, Nichol Bradford, Chenxi Wang, Ph.D. and our Singapore Learnings Fireside Chat by Chok Ooi and Jared Koh of Singapore Economic Development Board (EDB). Event sign up and details below: RSVP here: https://lnkd.in/d6x-3h5k When: Thursday, April 4, 2024, from 6pm - 9pm

Today Aman Verjee, CFA, former CFO of paypal and now #VC, is returning to the SVIC podcast, and this time he's bringing his venture partner Dave McClure to delve into the evolving VC space. I'll be joined by my Cohost Joe Ternasky, VP of Eng from Carta, and former Google, Facebook, Microsoft, Apple, etc employee. Aman and Dave are Venture partners at Practical VC have a remarkable portfolio including Canva, Credit Karma , Twilio, SendGrid, Lyft, Udemy, GitLab, Reddit, Inc., Stripe, and more, they'll unpack a wealth of insights. In this episode, we'll navigate through the latest trends in #saas company #valuations, dissecting the median Series A and above deal sizes and their implications in today's economic climate. For #founderstories , there will be a deep dive into essential SaaS metrics, discussing what constitutes 'Awesome', 'Very Good', and 'Challenging' benchmarks and the pivotal role of 'Burn multiple'. We'll also tackle the burning question: Will #interestrates cuts truly buoy valuations? Expect a detailed analysis of current #treasuryyields curves, the probability of rate cuts, and the exodus of major buyers from the treasury market. Moreover, we're zooming into the B2B SaaS sphere to examine the shifts in Net New ARR and what this signals for the future of SaaS stocks. If you have burning questions or seek advice, become a supporter of the show for $5 at patreon.com/svic and submit your questions through this form: https://lnkd.in/gVwcYqJV. Revisit Aman's previous SVIC interview for a refresher on his insights and predictions here: https://lnkd.in/ggt336D6. Prepare for a session packed with expert analysis. #investing #tech #vc #venturecaptial #startups