Impact Partners’ Post

Impact Partners client David Spreng, founder, CIO, and CEO of Runway Growth Capital, a leading venture debt firm, will be back on Bloomberg Radio with on March 4th at 4:20pm (ET) to discuss the state of the venture debt market one year after the big SVB tumult. #VentureDebt #VentureLending #VentureFinancing #VC #PE #PrivateEquity #VentureCapital #GrowthCapital Bloomberg News Bloomberg Businessweek

As VC firms mature, high-net-worth individuals and single-family offices tend to play second fiddle to institutional LPs that can write bigger checks. But GPs are increasingly tapping into that network of high-net-worth investors, who are eager to access premier funds. Putting aside the Andreessen Horowitz's of the world, GPs across the board are struggling to fundraise. In 2023, US venture firms raised $66.9 billion across 474 funds, less than half of 2022’s capital raised, according to the Q4 2023 PitchBook-NVCA Venture Monitor. New managers have it the hardest: 75.3% of that total went to established managers. High-net-worth investors are one group that can help emerging managers plug the fundraising hole. In particular, GPs are attracted to bringing on former founders as LPs, both to help with deal flow and due diligence—and as a selling point to potential portfolio companies. #LPS #VentureCapital #VCFundraising #venturefunding

Revolutionize your fundraising with AI-driven investor relations and dynamic pitch decks! Visit hashtag #RainMakerz now! 🚀 #pitchdeck #startupfundraising #VC #PE #Fintech #AIininvesting #RainMerz #InvestmentAI #Investtech

In the newest PitchBook-NVCA Venture Monitor report, Ginger Chambless, Head of Research for Commercial Banking, and other J.P. Morgan experts explore the complex venture landscape and what founders and investors could see ahead

In the newest PitchBook-NVCA Venture Monitor report, Ginger Chambless, Head of Research for Commercial Banking, and other J.P. Morgan experts explore the complex venture landscape and what founders and investors could see ahead. #JPMorgan #InnovationEconomy

We're thrilled to introduce RainMakerz a groundbreaking platform engineered to transform the way we create and share investment pitch decks. As our community expands, we invite all venture capital and private equity professionals to join our LinkedIn page for the latest developments and insights. Let's drive innovation together! 💡 #CFA #VC #PE #Investing #AI #GenerativeAI #Investtech #Fintech #Finance #Investment #Innovation #RainMakerz

Friday chart quiz: which private asset class saw a big increase in fundraising volumes in 2023 vs 2022? Pick from the following options: - Venture capital - Private equity (buyouts + growth + turnarounds + diversified) - Secondaries - Real estate - Real assets - Private debt - Funds of funds If you're feeling particularly smart, guess them all and I'll give you a score out of 7 I've shown them in decreasing order of 2023 growth rate Make sure you like this post and follow me so you don't miss out on the answer... #privateassets #venturecapital #privateequity #secondaries #realestate #privatedebt ********************* 👋 Follow me for chart-driven investment insights and the #FridayChartQuiz 📈

What should founders look for in a VC term sheet?   The first thing is what is not in there. As soon as a term sheet is signed the leverage flips from the founders to the investor. Therefore, as a founder, you should want as much of the deal particulars to be included as possible.   A term sheet should ordinarily include all of the following: 1️⃣ Investment Quantum 2️⃣ Valuation 3️⃣ Preference Structure (or confirmation there isn’t one) 4️⃣ Board Seats (or confirmation there isn’t one) 5️⃣ Consent Rights 6️⃣ Vesting Schedule 7️⃣ Option Pool Dynamics 8️⃣ Deal Fees (and potentially ongoing fees) 9️⃣ Timelines 🔟 Pre-Completion Conditions (or confirmation there aren’t any) ________________________________________ Fellow investors, anything to add? Founders, any experiences to share?   #vc #venturecapital #seedcapital #raisingcapital #founders #founderstories

🚀 SVB Financial's Venture Capital Shift Unveiled! 🔍 In a bold move detailed in court documents, SVB Financial Group is set to pass the VC business torch to a new, creditor-backed entity. 💼 Amidst regulatory battles over a $2 billion cash seizure, SVB Financial remains resilient. 🌐 With key creditors on board and backing from major banks and investment funds, this strategic restructuring aims to amplify SVB Capital's value. 🌟 The financial community awaits the judge's approval for this groundbreaking chapter in SVB's $10 billion venture capital journey! 💸 #SVBFinancial #VentureCapitalRevolution #FinancialResilience #VentureCapital #FinancialRestructuring #BusinessEvolution #CreditorsTakeover #BankruptcyUpdate #InvestmentNews #FinancialInnovation #RestructuringAgreement #SVBCapital #EconomicResilience #CreditorBacked #BankingNews #FinTechFuture #LegalBattles #FinancialRevolution #CorporateTransition #BankingIndustry #StrategicMoves #FinanceWorld #InvestmentStrategy #CourtDocuments #BusinessTransition #EconomicShift #FutureOfFinance #VentureCapitalists #BankingInsights #FinancialLeadership

VC distributions sink to 14 year low. Why? Here is one thing VCs seem to ignore that their private equity counterparts know and do well. Actively manage the exit process. As you know, there are 3️⃣ levers of value creation. 1. Multiple arbitrage (buy low, sell high) 2. Operational improvement (roll up your sleeves) 3. Financial Leverage. As David Beckham would say to his lovely wife, Victoria, "let's #behonest". > Point 3. is not relevant in venture capital. > Most have been bragging about 2. but don't do much. 😏 > And worse, most VCs have been sitting on their hands with respect to #1. 😡😤 Main take away = VC is as much about buying than it is about selling. This is why it's about time VCs get themselves a #dpisquad! And start actively managing their portfolio liquidity. Yes, it's hard work. But there is no other way. Interested in learning how to do it right? Best practises are just a DM away at 109 Capital. 🤓 #venturecapital #investing #portfolio #liquidity #secondarymarket #secondaries #portfoliomanagement #exits #exitstrategy #exitplanning