http://elitevcgiantsstillinvesting.blogspot.com/
Elite VC giants still investing – Steve Lisson, Stephen N. Lisson, Austin, Travis County, TX 512
STEVE.LISSON, STEVE LISSON, STEPHAN N. LISSON, STEPHAN LISSON, STEVE
LISSON, AUSTIN, TX, TEXAS, STEPHEN N. LISSON, TRAVIS COUNTY, TEXAS,
LISSON STEPHEN N., STEVE N. LISSON, STEVE, LISSON, INSIDER, VC,
INSIDERVC,
INSIDERVC.COM, (512), STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER
Thursday, December 25, 2014
internetinvestors.wordpress.com
Skip to content
Internet Investors
DECEMBER 2014 | JANUARY 2015
December 23, 2014 Internet InvestorsAUSTIN TEXAS, AUSTIN TX, INDEPENDENT
CONSULTANT, INITIATE PUBLICATIONS INC., INITIATE!! MAGAZINE, INSIDERVC,
INSIDERVC.COM, LEGISLATIVE
INFORMATION NETWORK CORPORATION, LINC, STEPHEN LISSON, STEPHEN N.
LISSON, STEPHENNLISSON, STEVE LISSON, STEVE LISSON AUSTIN TEXAS, STEVE
LISSON AUSTIN TX
NVCA Advocates More Confidentiality on Returns
sites.google.com/site/initiatepublicationsinc/steve-lisson-austin-tx-stephen-lisson-stephennlisson-stephen-n-lisson-austin-texas
INITIATE PUBLICATIONS – STEVE LISSON – AUSTIN TX – LINC – LEGISLATIVE INFORMATION NETWORK CORPORATION – STEPHEN N. LISSON
DECEMBER 2014 JANUARY 2015 INITIATE PUBLICATIONS – STEVE LISSON, AUSTIN TX
Development Plans Slated for Innovative Line of Information Services
HOW TO RATE A VENTURE CAPITAL FIRM
INITIATE PUBLICATIONS – LINC – LEGISLATIVE INFORMATION NETWORK
CORPORATION INITIATE PUBLICATIONS – STEVE LISSON, AUSTIN TX, INSIDERVC,
INSIDERVC.COM,
INSIDERVC.NET, INITIATE PUBLICATIONS – STEVE LISSON – AUSTIN TX – LINC – LEGISLATIVE INFORMATION NETWORK CORPORATION – STEPHEN N. LISSON
INITIATE PUBLICATIONS – LINC – LEGISLATIVE INFORMATION NETWORK
CORPORATION INITIATE PUBLICATIONS – STEVE LISSON, AUSTIN TX, INSIDERVC,
INSIDERVC.COM,
INSIDERVC.NET, INITIATE PUBLICATIONS – STEVE LISSON – AUSTIN TX – LINC – LEGISLATIVE INFORMATION NETWORK CORPORATION – STEPHEN N. LISSON
initiatepublications.blogspot.com
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
universalemisuenapsterinvestor.blogspot.com
Sitemap
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
Wednesday, December 10, 2014
STEVE LISSON DECEMBER 2014 JANUARY 2015
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
STEVE LISSON AUSTIN TX STEPHEN LISSON STEPHENNLISSON STEPHEN N LISSON AUSTIN TEXAS
Posted by INITIATE PUBLICATIONS at 3:51 PM
Email ThisBlogThis!Share to TwitterShare to FacebookShare to Pinterest
Labels: INITIATE PUBLICATIONS – STEVE LISSON – AUSTIN TX – LINC –
LEGISLATIVE INFORMATION NETWORK CORPORATION, STEPHEN N. LISSON, STEVE
LISSON
Older Post Home
About Me
INITIATE PUBLICATIONS
STEVE LISSON
View my complete profile
Blog Archive
▼ 2014 (4)
▼ December (2)
STEVE LISSON DECEMBER 2014 JANUARY 2015
Development Plans Slated for Innovative Line of In…
► November (2)
Simple template. Powered by Blogger.
Comments
Sign in|Recent Site Activity|Report Abuse|Print Page|Powered By Google Sites
Posted by Steve Lisson Austin TX at 12:35 PM
Email ThisBlogThis!Share to TwitterShare to FacebookShare to Pinterest
https://apis.google.com/se/0/_/+1/fastbutton?usegapi=1&annotation=inline&width=300&size=medium&source=blogger%3Ablog%3Aplusone&hl=en&origin=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com&url=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com%2F2014%2F12%2Fsitesgooglecomsiteinitiatepublicationsi.html&gsrc=3p&jsh=m%3B%2F_%2Fscs%2Fapps-static%2F_%2Fjs%2Fk%3Doz.gapi.en_US.Yt0rUPDwiOI.O%2Fm%3D__features__%2Fam%3DAQ%2Frt%3Dj%2Fd%3D1%2Ft%3Dzcms%2Frs%3DAGLTcCMiQBBD-ZXU8D95pBEBWUa6RHvqqw#_methods=onPlusOne%2C_ready%2C_close%2C_open%2C_resizeMe%2C_renderstart%2Concircled%2Cdrefresh%2Cerefresh&id=I0_1419358152304&parent=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com&pfname=&rpctoken=24565265
Labels: ABOUT, Austin Texas, Austin TX, CONTACT, PRIVACY, Stephen
Lisson, Stephen Lisson Austin Texas, Stephen N. Lisson, StephenNLisson,
Steve Lisson, Steve Lisson Austin TX, UNIVERSITY
http://stephennlisson.blogspot.com/2014/01/data-packet-net-loss.html
Stephen N. Lisson, Austin TX Stephen Lisson, StephenNLisson, Stephen
N. Lisson, Austin Texas, Austin TX Thursday, January 16, 2014 Data
Packet: Net Loss The New York Times This copy is for your personal,
noncommercial use only. You can order presentation-ready copies for
distribution to your colleagues, clients or customers, please click here
or use the “Reprints” tool that appears next to any article. Visit
http://www.nytreprints.com
for samples and additional information. Order a reprint of this article
now. » March 23, 2001 Data Packet: Net Loss Free money: A year ago,
venture capitalists were outbidding each other for stakes in fledgling
companies. Now, as failures mount, venture firms are extracting new
concessions from money-seeking entrepreneurs. “We’re finding we’re
really able to insist” on new conditions to limit potential losses, said
Tom Hirschfeld, managing director at J. & W. Seligman & Co.,
which manages about $1.8 billion in venture funds. Its investments
include Inktomi Corp., ScreamingMedia Inc. and
Stamps.com
Inc. In four of Seligman’s five most recent investments, which the firm
did not identify, it demanded and received a “liquidation preference” —
a priority claim on assets if a business fails, Mr. Hirschfeld said.
Three of the five companies set a minimum price on Seligman’s holdings
should the start-up go public. That’s a stark reversal from when
start-ups commanded ever-higher prices on their way to a quick initial
public offering. “There is no question that VCs are getting more
aggressive,” said Stephen Lisson, editor and publisher of
InsiderVC.com,
a research firm. “Provisions such as these are among the ways firms
attempt to ensure upside for their funds.” Copyright 2014 The New York
Times Company Home Privacy Policy Search Corrections XML Help Contact Us
Back to Top Posted by Steve Lisson at 8:17 AM Email ThisBlogThis!Share
to TwitterShare to Facebook Labels: Austin Texas, Austin TX, Stephen
Lisson, Stephen N. Lisson, StephenNLisson, Steve Lisson Newer Post Older
Post Home Blog Archive ▼ 2014 (3) ▼ January (3)
http://txcourts.wordpress.com/ http://texascourts.wordpress.com/
Data Packet: Net Loss ► 2013 (3) About Me Steve Lisson Steve Lisson |
Austin TX | Stephen N. Lisson | Austin Texas | Steve Lisson Austin TX |
Stephen N. Lisson Austin Texas View my complete profile
Posted by Steve Lisson Austin TX at 12:33 PM
Email ThisBlogThis!Share to TwitterShare to FacebookShare to Pinterest
https://apis.google.com/se/0/_/+1/fastbutton?usegapi=1&annotation=inline&width=300&size=medium&source=blogger%3Ablog%3Aplusone&hl=en&origin=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com&url=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com%2F2014%2F01%2Fhttpstephennlissonblogspotcom201401data.html&gsrc=3p&jsh=m%3B%2F_%2Fscs%2Fapps-static%2F_%2Fjs%2Fk%3Doz.gapi.en_US.Yt0rUPDwiOI.O%2Fm%3D__features__%2Fam%3DAQ%2Frt%3Dj%2Fd%3D1%2Ft%3Dzcms%2Frs%3DAGLTcCMiQBBD-ZXU8D95pBEBWUa6RHvqqw#_methods=onPlusOne%2C_ready%2C_close%2C_open%2C_resizeMe%2C_renderstart%2Concircled%2Cdrefresh%2Cerefresh&id=I1_1419358152671&parent=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com&pfname=&rpctoken=22986114
Labels: Austin Texas, Austin TX, Stephen Lisson, Stephen Lisson
Austin Texas, Stephen N. Lisson, StephenNLisson, Steve Lisson, Steve
Lisson Austin TX
Steve Lisson | Stephen Lisson | StephenNLisson | Stephen N. Lisson |
Austin Texas | Austin TX Steve Lisson, Stephen Lisson, StephenNLisson,
Stephen N. Lisson, Austin Texas, Austin TX, Steve Lisson Austin TX,
Stephen Lisson Austin Texas
Stephen N. Lisson Austin Texas
Skip to content
Home
About
Stephen N. Lisson Austin Texas | Stephen N. Lisson | Steve Lisson Austin TX | Steve Lisson
December 1, 2013 Austin Texas, Austin TX, Stephen N. Lisson, Stephen N.
Lisson Austin Texas, Steve Lisson, Steve Lisson Austin TX
Steve Lisson, Austin, Texas
Stephen N. Lisson, Austin, Texas
Behind the VC Music
Day of E-tonement
Facebook
Fallen VC Idols
FourSquare
How to rate a venture capital firm
InsiderVChomepage1
InsiderVChomepage2
Instagram
Kleiner Perkins Caufield & Byers: It’s good to be king
NVCA Advocates More Confidentiality on Returns
Pinterest
Selected Buzz Descending in Chronological Order
Steve Lisson
Tumblr
Twitter
WALTHAM’S MATRIX LEADING VENTURE PACK ON BOTH COASTS
What’s a VC to Do?
Sitemap
Stephen N. Lisson, Austin, Texas
Stephen N. Lisson, Austin, Texas
Home
Stephen N. Lisson Austin TX
Behind the VC Music
Day of E-tonement
Facebook
Fallen VC Idols
FourSquare
How to rate a venture capital firm
InsiderVChomepage1
InsiderVChomepage2
Instagram
Kleiner Perkins Caufield & Byers: It’s good to be king
NVCA Advocates More Confidentiality on Returns
Pinterest
Selected Buzz Descending in Chronological Order
Steve Lisson
Steve Lisson Austin TX
Tumblr
Twitter
Venture Capital Financing Is Further Sapped by Events
WALTHAM’S MATRIX LEADING VENTURE PACK ON BOTH COASTS
What’s a VC to Do?
Sitemap
Steve Lisson Austin TX
Recent Site Activity|
Steve Lisson | Steve Lisson Austin TX Steve Lisson, Austin TX, Steve
Lisson Austin TX, Stephen N. Lisson, Austin Texas, Stephen N. Lisson
Austin Texas
December 1, 2013 AUSTIN, Austin Texas, Austin TX, Lisson, LISSON
STEPHAN, LISSON STEPHEN N, Stephen N. Lisson, Stephen N. Lisson Austin
Texas, Steve Lisson, Steve Lisson Austin TX, Steve Lisson Austin TX
Steve Lisson, TEXAS, Travis County Texas Leave a comment
Steve Lisson | Steve Lisson Austin TX Steve Lisson, Austin TX, Steve
Lisson Austin TX, Stephen N. Lisson, Austin Texas, Stephen N. Lisson
Austin Texas Sunday, December 1, 2013 Rumors of Benchmark’s Demise
Greatly Exaggerated – Steve Lisson, Stephen N. Lisson Rumors of
Benchmark’s Demise Greatly Exaggerated – Steve Lisson, Stephen N. Lisson
Steve Lisson, STEVE LISSON, AUSTIN, TX, STEPHEN N. LISSON, TRAVIS
COUNTY, TEXAS, (512), 512, LISSON STEPHEN N., STEVE N. LISSON, STEVE,
LISSON, Lisson, Steve Steve Lisson, STEVE LISSON, AUSTIN, TX, STEPHEN N.
LISSON, TRAVIS COUNTY, TEXAS, (512), 512, LISSON STEPHEN N., STEVE N.
LISSON, STEVE, LISSON, Lisson, Steve Steve Lisson, STEVE LISSON, AUSTIN,
TX, STEPHEN N. LISSON, TRAVIS COUNTY, TEXAS, LISSON STEPHEN N., STEVE
N. LISSON, STEVE, LISSON, INSIDER, VC, INSIDERVC,
INSIDERVC.COM
Rumors of Benchmark’s Demise Greatly Exaggerated For weeks, rumors have
been circulating in the VC community that Benchmark Capital’s third
fund, Benchmark III, was in trouble, hit hard by losses in e-commerce
companies like 1-800
-Flowers.com.
Benchmark denies the rumors, and its limited partners say they never
received the rumored letter that the fund was in trouble. An analysis of
Benchmark’s portfolio appears to back up the firm, which despite the
rumors, may not just be surviving, but thriving. Benchmark declined to
discuss details, but the firm’s holdings as of June 30 were provided by
Steve Lisson, the editor of
InsiderVC.com,
who tracks the performance of leading venture firms for high-paying
clients. At first glance, Benchmark III had its share of overvalued B2C
e-commerce firms like 1-800
-Flowers.com (Nasdaq:FLWS) and
Living.com. 1-800
-Flowers.com
was the fund’s biggest investment, at $18.9 million, and had been
marked down to $8.1 million on June 30. The stock price has declined
about 30% since then. “There are many private scenarios just like this
public one, whereby even if the company can be kept afloat long enough
to enjoy some success and eventually make it to a liquidity event, the
venture investors will lose money,” Lisson said. But a closer look at
Benchmark III reveals a fund with several potential winners, including
Internet Data Exchange System company CoreExpress, an intelligent
optical networking play. That investment alone could return limited
partners’ money. Other potential winners include Sigma Networks,
Keen.com,
Netigy and BridgeSpan. And Benchmark’s newest fund, Benchmark IV, is
already showing the markings of a winner, thanks to investments in
Loudcloud, Netscape co-founder Marc Andreessen’s latest venture, and
TellMe Networks, whose valuation no doubt went up in its recent $125
million funding round. Lisson said the Benchmark rumors reflect a
misunderstanding of how venture funds operate. “There’s a reason these
are 10-year funds,” he said. “It’s called risk and illiquidity. The one
monster hit could happen three, four or five years out. You can be wrong
about 39 of 40 companies, and the market uncooperative, as long as one
is an Inktomi. That is the history of this industry: one monster hit
returning the entire fund. Singles and doubles won’t get you there.” At
two years of age, Benchmark III still has plenty of time to deliver a
big winner. In the meantime, the firm’s limited partners can enjoy the
returns from Benchmark II, a three-year-old fund that has already
distributed five times its partners capital, by Lisson’s estimate.
Benchmark II boasted big winners like Handspring (Nasdaq:HAND), Critical
Path (Nasdaq:CPTH), Red Hat (Nasdaq:RHAT), and Scient (Nasdaq:SCNT).
Yes, Scient. Benchmark had the foresight to distribute shares of the
Internet consultant to its limited partners at 200-300 times the firm’s
cost. Benchmark isn’t any different from other venture firms, most of
whom “drank the Kool-aid” of seemingly easy dot-com money, hoping the
stock market would hold up long enough to vindicate those investments.
But Lisson expects that some other firms won’t hold up as well. He
expects a shakeout in the industry similar to the one that hit the
industry from 1987-1991, when venture firms formed during the 1980s
averaged single-digit returns, and roughly 20% of new entrants couldn’t
return their partners’ capital. VCs’ own fundraising declined from $4.2
billion in 1987 to $1.3 billion in 1991. The $4 billion level of capital
coming into the industry wasn’t reached again until 1995. “This is
what’s supposed to happen in a downturn,” Lisson said. “People who
shouldn’t be in the business, who contributed to the excesses and didn’t
know what they were doing, will be forced out. It’s not like this is
the first time we’ve seen too many new entrants into the industry, or
too much money chasing too few deals.” And the ones that survive will
have a chance to prove themselves in tough times, the ultimate mark of a
winner. Lisson said a few venture firms stand out among their peers.
Matrix Partners, Kleiner Perkins Caufield & Byers and Sequoia can
normally be found at the top of the charts in each vintage year they
raise a fund, he said, proving that “something’s in the water” at those
firms. And he gives Oak high marks for consistency over a long period of
time. But even top firms have an occasional weak fund, Lisson said.
“But by the time you can make that judgment about a fund, you’ll have
raised another fund and shown some early progress,” he said. Meaning
that even if Benchmark III was a weak fund, Benchmark IV could keep the
firm in its limited partners’ good graces for some time to come. “The
moral is consistent performance over time relative to same vintage-year
peers,” Lisson said. “You’re never as good or as bad as your current
press clippings might indicate. The real test of Benchmark’s mettle will
come when we can fairly evaluate whether the firm manages through and
makes money, not just with small funds during the best times in the
industry’s history, but with larger funds in the tough times ahead as
well.” ——————————————————————————– © Copyright 2000,
internet.com
Corp. All Rights Reserved. Legal Notices, Privacy Policy, Reprints.
Steve Lisson, STEVE LISSON, AUSTIN, TX, STEPHEN N. LISSON, TRAVIS
COUNTY, TEXAS, LISSON STEPHEN N., STEVE N. LISSON, STEVE, LISSON,
INSIDER, VC, INSIDERVC,
INSIDERVC.COM
Posted by Stephen N. “Steve” Lisson, Austin, Travis County, Texas (512)
at 8:46 AM Email ThisBlogThis!Share to TwitterShare to Facebook Labels:
(512), 512, AUSTIN, LISSON, LISSON STEPHEN N., STEPHEN N. LISSON,
Steve, STEVE LISSON, STEVE N. LISSON, TEXAS, TRAVIS COUNTY, TX Home
Subscribe to: Posts (Atom) Blog Archive 2012 (1) July (1) Steve Lisson,
STEVE LISSON, AUSTIN, TX, STEPHEN N…. About Me Stephen N. “Steve”
Lisson, Austin, Travis County, Texas (512) View my complete profile
Posted by Stephen N. Lisson at 10:14 AM Email ThisBlogThis!Share to
TwitterShare to Facebook Labels: Austin Texas, Austin TX, Stephen N.
Lisson, Stephen N. Lisson Austin Texas, Steve Lisson, Steve Lisson
Austin TX Elite VC giants still investing – Steve Lisson, Stephen N.
Lisson, Austin, Texas Elite VC giants still investing – Steve Lisson,
Stephen N. Lisson, Austin, Travis County, TX 512 STEVE.LISSON, STEVE
LISSON, STEPHAN N. LISSON, STEPHAN LISSON, STEVE LISSON, AUSTIN, TX,
TEXAS, STEPHEN N. LISSON, TRAVIS COUNTY, TEXAS, LISSON STEPHEN N., STEVE
N. LISSON, STEVE, LISSON, INSIDER, VC, INSIDERVC,
INSIDERVC.COM,
(512), STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER
STEVE.LISSON, STEVE LISSON, STEPHEN LISSON, STEPHAN N. LISSON, STEPHAN
LISSON, LISSON STEPHAN, AUSTIN, TX, TEXAS, STEPHEN N. LISSON, TRAVIS
COUNTY, TEXAS, LISSON STEPHEN N., STEVE N. LISSON, STEVE, LISSON,
INSIDER, VC, INSIDERVC,
INSIDERVC.COM,
(512), STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER,
STEVE.LISSON, STEVE LISSON, STEPHEN LISSON, STEPHAN N. LISSON, STEPHAN
LISSON, LISSON STEPHAN, AUSTIN, TX, TEXAS, STEPHEN N. LISSON, TRAVIS
COUNTY, TEXAS, LISSON STEPHEN N., STEVE N. LISSON, STEVE, LISSON,
INSIDER, VC, INSIDERVC,
INSIDERVC.COM,
(512), STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER, Elite VC
giants still investing San Jose Mercury News Matt Marshall May 31, 2001
Now that they’ve gone gorilla size, will the elite venture capital
firms help stem the downturn in venture capital investing? After the
March 2000 market crash, elite VCs scrambled to triage their portfolios.
Only recently have they started to peer out of the graveyard. But
they’ve undergone a profound change in nature: They’ve become monsters.
This is good if you’re an entrepreneur shooting for the moon. It’s fatal
if not. In 1995, only one top-tier fund, TA Associates, had raised a
billion dollars. But since the crash, 15 top-tier firms have raised
funds of that size or more. Many — including Worldview Technology
Partners, Greylock, Austin Ventures and Oak Investment Partners —
announced their new funds this year, well after most of the market
damage. Steve Lisson, of
InsiderVC.com,
says the amount of funds raised since the crash goes against the
“drought” thesis. “The perception that there’s going to be less venture
investing is totally misplaced,” he says. “These VCs need to get into
lucrative investment opportunities, and they’re going to want larger
stakes. They’re going to have to step on the gas even more.” Similarly,
he adds, if an entrepreneur offers an opportunity for a “mega”
investment, he’ll be able to negotiate more favorable terms, because the
big venture capitalists will all want in. On the downside,
entrepreneurs that don’t show home-run promise will struggle. True, some
VCs that raised large funds say they have slowed their investment pace.
Flip Gianos, partner at InterWest Partners, said his firm hadn’t
expected the magnitude of the downturn when it raised its fund. If it
takes waiting a year for strong opportunities to come along, VCs will
wait, he says. Others counter that size has forced them to invest more
in later-stage start-ups because they soak up more money. Michael Darby,
general partner at Battery Ventures, says his firm still focuses on
early stage deals, but “in this environment, the fact that we want to
deploy capital means we’re looking at those later-stage deals.” There’s
another reason for hope after the crash, Lisson says. Many VC firms have
been able to negotiate stellar terms with their investors — even better
than those they negotiated just a couple of years ago. That’s also a
sign that investors still have faith in the VCs, he said. STEVE.LISSON,
STEVE LISSON, STEPHEN LISSON, STEPHAN N. LISSON, STEPHAN LISSON, LISSON
STEPHAN, AUSTIN, TX, TEXAS, STEPHEN N. LISSON, TRAVIS COUNTY, TEXAS,
LISSON STEPHEN N., STEVE N. LISSON, STEVE, LISSON, INSIDER, VC,
INSIDERVC,
INSIDERVC.COM, (512),
STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER, Posted by
Stephen N. “Steve” Lisson, Austin, Travis County, Texas (512) at 12:54
PM Email ThisBlogThis!Share to TwitterShare to Facebook Labels: AUSTIN,
LISSON STEPHAN, LISSON STEPHEN N., STEPHAN LISSON, STEPHAN N. LISSON,
STEPHEN LISSON, STEPHEN N. LISSON, STEVE LISSON, STEVE N. LISSON,
STEVE.LISSON, TEXAS, TRAVIS COUNTY, TX Home Subscribe to: Posts (Atom)
Blog Archive 2012 (1) July (1) STEVE.LISSON, STEVE LISSON, STEPHEN
LISSON, STEPHA… About Me Stephen N. “Steve” Lisson, Austin, Travis
County, Texas (512) View my complete profile Posted by Stephen N. Lisson
at 10:12 AM Email ThisBlogThis!Share to TwitterShare to Facebook
Labels: Austin Texas, Austin TX, Stephen N. Lisson, Stephen N. Lisson
Austin Texas, Steve Lisson, Steve Lisson Austin TX Universal, EMI Sue
Napster Investor – Steve Lisson Austin TX Universal, EMI Sue Napster
Investor – Steve Lisson Universal, EMI Sue Napster Investor – Steve
Lisson STEVE.LISSON, STEVE LISSON, FACEBOOK, LINKEDIN, STEPHEN N.
LISSON, COURT, STEPHEN LISSON, LISSON STEPHEN, STEPHAN N. LISSON,
STEPHAN LISSON, LISSON STEPHAN, AUSTIN, TX, TEXAS, COURT, STEPHEN N.
LISSON, TRAVIS COUNTY, TEXAS, LISSON STEPHEN N., STEVE N. LISSON, STEVE,
LISSON, INSIDER, VC, INSIDERVC,
INSIDERVC.COM,
(512), STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER,
PINTEREST, TUMBLR Classic Flipcard Magazine Mosaic Sidebar Snapshot
Timeslide STEVE.LISSON, FACEBOOK, LINKEDIN, STEVE LISSON, STEPHEN
LISSON, COURT, STEPHAN N. LISSON, STEPHAN LISSON, LISSON STEPHAN,
AUSTIN, TX, TEXAS, COURT, STEPHEN N. LISSON, TRAVIS COUNTY, TEXAS,
LISSON STEPHEN N., STEVE N. LISSON, STEVE, LISSON, INSIDER, VC,
INSIDERVC,
INSIDERVC.COM, (512),
STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER, TUMBLR,
PINTEREST, FACEBOOK STEVE.LISSON, FACEBOOK, LINKEDIN, STEVE LISSON,
STEPHEN LISSON, COURT, STEPHAN N. LISSON, STEPHAN LISSON, LISSON
STEPHAN, AUSTIN, TX, TEXAS, COURT, STEPHEN N. LISSON, TRAVIS COUNTY,
TEXAS, LISSON STEPHEN N., STEVE N. LISSON, STEVE, LISSON, INSIDER, VC,
INSIDERVC,
INSIDERVC.COM, (512),
STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER, TUMBLR,
PINTEREST Universal, EMI Sue Napster Investor Record labels say firm
enabled infringement. Critics say the move may deter venture
capitalists. April 23, 2003|Joseph Menn | Times Staff Writer Unable to
extract their pound of flesh from bankrupt Napster Inc., two of the five
major record labels are suing the venture capitalists who backed the
defunct song-swapping service that turned music industry economics
upside down. Universal Music and EMI filed a federal lawsuit against
Hummer Winblad Venture Partners and two of the San Francisco firm’s
general partners, Hank Barry and John Hummer, in Los Angeles on Monday.
The suit claims that they contributed to the copyright violations by
Napster’s tens of millions of users. In addition to seeking $150,000 per
violation, the suit asks for punitive damages. It also is intended to
dissuade investment in any of the song-swapping services that have risen
in Napster’s place. “Businesses, as well as those individuals or
entities who control them, premised on massive copyright infringement of
works created by artists should face the legal consequences for their
actions,” the record labels said in a statement. The suit may mark the
first time an outside party has targeted a venture firm for wrongdoing
by a company in which it invested. “I don’t know if this has ever
happened before,” said Jeanne Metzger, vice president of the National
Venture Capital Assn. The trade group and others warned that even if the
labels lose the case, the fact that they sued will deter institutional
investors from taking on a high level of risk with new companies. “It’s
going to create an enormous amount of reluctance to get involved in
anything that could draw litigation from the content industries,” said
Silicon Valley intellectual property lawyer Mark Radcliffe. Barry and
Hummer didn’t respond to telephone and e-mail messages seeking comment
Tuesday. Barry served as Napster’s chief executive for more than a year,
and both men sat on Napster’s board. The suit claims that Hummer
Winblad knew Napster was enabling massive infringement and that the firm
controlled Napster’s activities with its general partners in the chief
executive and director positions and through its $13-million investment
in May 2000. The investment was made five months after the record
industry — including the two labels — sued Napster for enabling
infringement. Napster filed for bankruptcy protection in June 2002.
Lawyers not involved in the case said Hummer Winblad has two reasonable
defenses. First, Napster hadn’t yet lost the record industry suit when
the firm invested. Second, directors and investors are rarely held
liable for the acts of their companies. In those cases in which
individuals are held responsible, they typically own 100% of the company
at fault. The suit “is stretching contributory infringement way beyond
where it’s ever gone,” said Wayne State University copyright law
professor Jessica Litman. “I assume the purpose is to enhance the
already significant chill discouraging people from investing in
businesses that challenge the business models of the entrenched market
leaders in the entertainment industry.” Indeed, a federal lawsuit filed
by a music producer against Barry, Hummer Winblad and others was
dismissed after a judge found that the accusations — similar to those in
the record labels’ suit — were too vague and that there was nothing in
the copyright law to punish people who assist an entity that assists
others in breaking the law. “Courts have consistently held that
liability for contributory infringement requires substantial
participation in a specific act of direct infringement,” U.S. District
Judge Marilyn Hall Patel wrote in that case. But the two record labels
may have evidence of specific actions by the venture firm’s principals.
And Hummer Winblad could be hurt by the fact that Napster lost most of
its court battles. The plaintiffs have “a reasonable shot at the
officer. I think the director is a little tougher, and the shareholder
theory is really tough,” said Radcliffe, who represents technology and
entertainment firms. Barry and Hummer anticipated that they might be
sued and tried to negotiate protection from legal consequences when
German media firm Bertelsmann was planning to buy Napster early last
year. Those talks foundered, and Bertelsmann itself has been sued for
its investment in Napster. The venture capital trade association
complained that with such actions against investors, “the ability of
entrenched industries to deter investment in next-generation
technologies has profoundly anti-competitive and anti-innovative
implications.” But not everyone agreed that the labels’ suit will change
how Silicon Valley firms invest. As the suit notes, other venture firms
had deep concerns about Napster’s legality and didn’t invest. “Top
firms don’t take their cue from Hummer,” said Steve Lisson, publisher of
InsiderVC.com. Los Angeles
Times Articles Copyright 2013 Los Angeles Times Terms of Service |
Privacy Policy | Index by Date | Index by Keyword STEVE.LISSON,
FACEBOOK, LINKEDIN, COURT, STEVE LISSON, STEPHEN LISSON, COURT, STEPHAN
N. LISSON, STEPHAN LISSON, LISSON STEPHAN, AUSTIN, TX, TEXAS, COURT,
STEPHEN N. LISSON, TRAVIS COUNTY, TEXAS, LISSON STEPHEN N., STEVE N.
LISSON, STEVE, LISSON, INSIDER, VC, INSIDERVC,
INSIDERVC.COM,
(512), STEPHEN.LISSON, FACEBOOK, LINKEDIN, LINKED IN, TWITTER, TUMBLR,
PINTEREST Stephen N. “Steve” Lisson, Austin, Travis County, Texas (512)
Labels: AUSTIN COURT FACEBOOK LISSON STEPHAN STEPHAN LISSON STEPHAN N.
LISSON STEPHEN LISSON STEPHEN N. LISSON STEVE LISSON STEVE.LISSON TEXAS
TRAVIS COUNTY TX Posted by Stephen N. Lisson at 10:09 AM Email
ThisBlogThis!Share to TwitterShare to Facebook Labels: Austin Texas,
Austin TX, Stephen N. Lisson, Stephen N. Lisson Austin Texas, Steve
Lisson, Steve Lisson Austin TX Steve Lisson Austin TX Steve Lisson,
Austin, Texas Stephen N. Lisson, Austin, Texas Behind the VC Music Day
of E-tonement Facebook Fallen VC Idols FourSquare How to rate a venture
capital firm InsiderVChomepage1 InsiderVChomepage2 Instagram Kleiner
Perkins Caufield & Byers: It’s good to be king NVCA Advocates More
Confidentiality on Returns Pinterest Selected Buzz Descending in
Chronological Order Steve Lisson Tumblr Twitter WALTHAM’S MATRIX LEADING
VENTURE PACK ON BOTH COASTS What’s a VC to Do? Sitemap Stephen N.
Lisson, Austin, Texas Steve Lisson Austin TX Stephen N. Lisson, Austin,
Texas Home Stephen N. Lisson Austin TX Behind the VC Music Day of
E-tonement Facebook Fallen VC Idols FourSquare How to rate a venture
capital firm InsiderVChomepage1 InsiderVChomepage2 Instagram Kleiner
Perkins Caufield & Byers: It’s good to be king NVCA Advocates More
Confidentiality on Returns Pinterest Selected Buzz Descending in
Chronological Order Steve Lisson Steve Lisson Austin TX Tumblr Twitter
Venture Capital Financing Is Further Sapped by Events WALTHAM’S MATRIX
LEADING VENTURE PACK ON BOTH COASTS What’s a VC to Do? Sitemap Posted by
Stephen N. Lisson at 10:01 AM Email ThisBlogThis!Share to TwitterShare
to Facebook Labels: Austin Texas, Austin TX, Stephen N. Lisson, Stephen
N. Lisson Austin Texas, Steve Lisson, Steve Lisson Austin TX Stephen N.
Lisson, Austin, Texas Stephen N. Lisson, Austin, Texas Behind the VC
Music Day of E-tonement Facebook Fallen VC Idols FourSquare How to rate a
venture capital firm InsiderVChomepage1 InsiderVChomepage2 Instagram
Kleiner Perkins Caufield & Byers: It’s good to be king NVCA
Advocates More Confidentiality on Returns Pinterest Selected Buzz
Descending in Chronological Order Steve Lisson Tumblr Twitter Venture
Capital Financing Is Further Sapped by Events WALTHAM’S MATRIX LEADING
VENTURE PACK ON BOTH COASTS What’s a VC to Do? Sitemap Posted by Stephen
N. Lisson at 9:41 AM Email ThisBlogThis!Share to TwitterShare to
Facebook Labels: Austin Texas, Austin TX, Stephen N. Lisson, Stephen N.
Lisson Austin Texas, Steve Lisson, Steve Lisson Austin TX Home Subscribe
to: Posts (Atom) Blog Archive 2013 (5) December (5) Rumors of
Benchmark’s Demise Greatly Exaggerated -… Elite VC giants still
investing – Steve Lisson, St… Universal, EMI Sue Napster Investor –
Steve Lisson… Steve Lisson Austin TX Stephen N. Lisson, Austin, Texas
About Me Stephen N. Lisson View my complete profile
Follow
Follow “Stephen N. Lisson Austin Texas”
Get every new post delivered to your Inbox.
Powered by
WordPress.com
Posted by Steve Lisson Austin TX at 12:32 PM
Email ThisBlogThis!Share to TwitterShare to FacebookShare to Pinterest
https://apis.google.com/se/0/_/+1/fastbutton?usegapi=1&annotation=inline&width=300&size=medium&source=blogger%3Ablog%3Aplusone&hl=en&origin=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com&url=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com%2F2013%2F12%2Fsteve-lisson-stephen-lisson.html&gsrc=3p&jsh=m%3B%2F_%2Fscs%2Fapps-static%2F_%2Fjs%2Fk%3Doz.gapi.en_US.Yt0rUPDwiOI.O%2Fm%3D__features__%2Fam%3DAQ%2Frt%3Dj%2Fd%3D1%2Ft%3Dzcms%2Frs%3DAGLTcCMiQBBD-ZXU8D95pBEBWUa6RHvqqw#_methods=onPlusOne%2C_ready%2C_close%2C_open%2C_resizeMe%2C_renderstart%2Concircled%2Cdrefresh%2Cerefresh&id=I2_1419358152712&parent=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com&pfname=&rpctoken=34090480
Labels: Austin Texas, Austin TX, Stephen Lisson, Stephen Lisson
Austin Texas, Stephen N. Lisson, StephenNLisson, Steve Lisson, Steve
Lisson Austin TX
Thursday, October 16, 2014
How to rate a venture capital firm – Steve Lisson | Stephen Lisson |
StephenNLisson | Stephen N. Lisson | Austin Texas | Austin TX Steve
Lisson, Stephen Lisson, StephenNLisson, Stephen N. Lisson, Austin Texas,
Austin TX, Steve Lisson Austin TX, Stephen Lisson Austin Texas
Steve Lisson | Stephen Lisson | StephenNLisson | Stephen N. Lisson | Austin Texas | Austin TX
Steve Lisson | Stephen Lisson | StephenNLisson | Stephen N. Lisson |
Austin Texas | Austin TX Steve Lisson, Stephen Lisson, StephenNLisson,
Stephen N. Lisson, Austin Texas, Austin TX, Steve Lisson Austin TX,
Stephen Lisson Austin Texas
How to rate a venture capital firm – Steve Lisson | Stephen Lisson |
StephenNLisson | Stephen N. Lisson | Austin Texas | Austin TX Steve
Lisson, Stephen Lisson, StephenNLisson, Stephen N. Lisson, Austin Texas,
Austin TX, Steve Lisson Austin TX, Stephen Lisson Austin Texas
Steve Lisson | Stephen Lisson | StephenNLisson | Stephen N. Lisson | Austin Texas | Austin TX
Steve Lisson, Stephen Lisson, StephenNLisson, Stephen N. Lisson, Austin
Texas, Austin TX, Steve Lisson Austin TX, Stephen Lisson Austin Texas
How to rate a venture capital firm
By Lawrence Aragon
April 16, 2001
Red Herring explains how it came up with its list of top venture capital firms
for the 2001 version of the Red Herring 100: Kleiner Perkins Caufield and
Byers, Accel Partners, Matrix Partners, Sequoia Capital Partners, and runner-
ups Oak Investment Partners, Mayfield, Greylock, Menlo Ventures, North
Bridge Venture Partners, and Benchmark Capital.
Venture capital is like baseball without the stats. There are great arguments
about who’s the best — and worst — VC around. But unlike baseball fans, those
who follow venture capital have scant data on which to base their opinions.
Until now.
As part of our annual Red Herring 100, we set out to determine the top ten VC
firms using the best metrics we could come up with. To our knowledge, this is
the first time anyone has come up with a list based on more than a single
metric, such as the internal rate of return (IRR).
Before we get into each of the ten factors we examined, allow us a brief
explanation as to why we didn’t include the most common metric: IRR. IRR is
a number determined by each VC firm, and although it’s bandied about
frequently, it can be easily tweaked to make a firm look like it’s doing better
than it actually is. It isn’t uncommon for a VC that isn’t performing very well to
inflate its IRR by counting its own “carry,” the money it makes from
investments, into its IRR.
The only real way to know how a VC firm is performing is to look at its
disbursements to its limited partners (LPs). This is the actual stock or money
that VCs get from a liquidity event — that is, a portfolio company’s IPO or its
sale to another company. The only problem is, VCs don’t want to share this
information.
Enter Steve Lisson, editor of
InsiderVC.com, a venture capital research firm.
Mr. Lisson has been able to infiltrate the closemouthed community of LPs and
get its members to share disbursement figures. We asked Mr. Lisson to come
up with a list of the best ten VCs in the country, based on disbursements to LPs
and how consistently they have returned the big bucks to LPs.
Here, then, are the top ten venture capital firms: Kleiner Perkins Caufield &
Byers, Accel Partners, Matrix Partners, Sequoia Capital Partners, Oak
Investment Partners, Mayfield, Greylock, Menlo Ventures, North Bridge
Venture Partners, and Benchmark Capital. The top four firms (the first four
listed) made it into the Red Herring 100. Now, on to our criteria: underneath
the chart just below we review in depth the ten factors we rated the companies
on.
1. Kleiner Perkins Caufield &
Byers 10 10 10 6 10 9 10 5 10 109.09
2.Accel Partners 9 9 8.58 10 9 9 5 10 108.77
3. Matrix Partners 9 10 10 9 5 10 10 10 4 6 8.36
4. Sequoia Capital Partners 6 10 9.5 8 10 7.5 10 5.5 2 4 7.14
(tied) Oak Investment
Partners 8 10 6.5 10 2 5 10 7 2 107.14
(tied) Mayfield 7 10 9.5 7 10 8 10 6 0 4 7.14
7. Greylock 6 10 10 9 4 9 10 7 6 0 7.00
8. Menlo Ventures 8 10 5.5 8 3 10 6.5 7.5 2 2 6.41
9. North Bridge Venture
Partners 7 3.5 10 7 6 9 8 9.5 0 2 6.27
10. Benchmark Capital 7 3 6.5 7 3 8 1 4 10 2 5.32
Average7.7 8.55 8.6 7.9 6.3 8.45 8.45 6.65 4.6 5 7.26
1 The disbursement category is weighted twice that of other categories. Data from Steve Lisson,
editor of
InsiderVC.com.
2 Operating experience counts VP level and above.
Disbursements.
Mr. Lisson gave a score of 10 to just one VC firm: Kleiner Perkins Caufield &
Byers. Benchmark Capital, which has had some monster hits in the past couple
of years, scored a 7, because it has only been around for six years.
Longevity.
In the venture business, age counts for a lot. It means a firm has been battle-
tested and has done well enough to get its LPs to continue investing. We took
each firm’s number of years in business and divided that figure in half to come
up with a score (with a maximum score of 10). Six firms earned a 10. Two firms
came up short: Benchmark and North Bridge Venture Partners, with scores of
3 and 3.5, respectively.
Pressure to invest.
A general partner is better off if there isn’t pressure to put a lot of money to
work. We divided the amount of a firm’s current fund size by its number of
general partners, then assigned a value to the resulting figure. After talking to
several VCs, we determined that $90 million per partner was reasonable to
assign a score of 10. We gave a 9 to anyone managing $110 million, an 8 to
those managing $130 million, and so on.
VC experience.
This should be self-explanatory as to why it’s important. We gave general
partners with 15 years or more of experience a score of 10. Those with 12 to 14
years received a 9, and so forth. Oak Investment Partners came out on top in
this category, with an average of 17 years for its partners. Even though Kleiner
has at least three partners with more than 20 years of experience, its score got
knocked down to a 7 because it recently added some technology executives to
its partnership.
Operating experience.
With so many portfolio companies in trouble these days, every VC firm needs
partners who’ve been in the real world to advise troubled companies. We gave
each firm a point for any general partner with operating experience, plus a
bonus point for any partner who qualified as a “star.” General partners who fell
into the star category include Kleiner’s Ray Lane, former president and chief
operating officer (some say the de facto CEO) of Oracle, and Mayfield’s Janice
Roberts, who ran Palm when it was a division of 3Com.
Board seats.
Six boards is the maximum number you can sit on and still actually contribute
valuable time and energy, we’re told by veteran VCs. Menlo Ventures and
Matrix Partners were the only firms whose partners sat on an average of six or
fewer boards, giving them perfect 10s. We gave firms whose partners held an
average of seven to eight board seats a score of 9, and so on. Oak fared the
worst: its six general partners sit on an average of 12 boards each.
IPOs/Sales.
This is one of those categories that VCs like to brag about, but it can often be
misleading. Two firms may be in the same IPO, but one may own 15 percent of
a company while another owns 1 percent. The only real way to know how well a
VC did in an IPO is through disbursement figures. Still, we felt we should give
VCs some credit for liquidity events. We gave a firm one point for every $1
billion in value, with a maximum of 10 points for $10 billion. IPO figures were
based on the close on the first day of trading. Sale prices were based on the
value on the day the deal closed. A lot of moonshot IPOs have fallen back to
earth, so this category is squishy at best.
Lack of portfolio problems.
Matrix was the only firm on our list that had no failed or troubled companies.
We gave each firm 1 point for every failed company and half a point for every
company that had laid off employees in the past year. We then subtracted that
total from 10. Benchmark fared the worst in this category with a score of 4.
Blame it on those Internet bets like
Living.com,
MVP.com, and
Send.com.
RH 100 factor (2000 and 2001).
VCs deserve credit for portfolio companies that show great promise. Because
the staff of Red Herring spent weeks vetting all of the companies that made the
Red Herring 100 list, we used the private portion of the list (50 companies) in
2000 and 2001 as a basis for determining potential hits. For every portfolio
company on the Red Herring 100, we gave a firm 2 points, with a maximum of
10. Kleiner and Accel Partners were the only firms to receive 10s for both years.
Kleiner had the most companies on this year’s list: Zaplet, Epoch, Synaptics,
SmartPipes, Asera, and Bowstreet.
As much time as we spent thinking about how to create a top ten VC list, and
then double- and triple-checking the data, we’d be nave if we didn’t expect
some VCs to take issue with our numbers or our methodology. So, don’t feel
shy about expressing your opinion.
Write to laragon@
redherring.com.
Note: In the “Top 10 VC Firms” on page 185 of issue 97, Menlo Ventures
should have been ranked No. 8 and North Bridge Ventures should have been
No. 9. In addition, we did not make it clear that three firms tied for 4th place:
Sequoia Capital Partners, Oak Investment Partners, and Mayfield. The data
is correct here.
SPONSORED LINKS
ABOUT US
TERMS OF SERVICE
ETHICS POLICY
HELP
Copyright 2003 RHC Media, Inc.
http://www.redherring.com
Steve Lisson | Stephen Lisson | StephenNLisson | Stephen N. Lisson | Austin Texas | Austin TX
Steve Lisson, Stephen Lisson, StephenNLisson, Stephen N. Lisson, Austin
Texas, Austin TX, Steve Lisson Austin TX, Stephen Lisson Austin Texas
Posted by howtoratea venturecapitalfirm at 9:00 PM
Email ThisBlogThis!Share to TwitterShare to Facebook
Labels: Austin Texas, Austin TX, Stephen Lisson, Stephen Lisson Austin
Texas, Stephen N. Lisson, StephenNLisson, Steve Lisson Austin TX
Home
Subscribe to: Posts (Atom)
Blog Archive
2013 (1)
December (1)
How to rate a venture capital firm – Steve Lisson …
About Me
howtoratea venturecapitalfirm
View my complete profile
Posted by Steve Lisson Austin TX at 4:16 PM
Email ThisBlogThis!Share to TwitterShare to FacebookShare to Pinterest
https://apis.google.com/se/0/_/+1/fastbutton?usegapi=1&annotation=inline&width=300&size=medium&source=blogger%3Ablog%3Aplusone&hl=en&origin=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com&url=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com%2F2013%2F12%2Fhow-to-rate-venture-capital-firm-steve.html&gsrc=3p&jsh=m%3B%2F_%2Fscs%2Fapps-static%2F_%2Fjs%2Fk%3Doz.gapi.en_US.Yt0rUPDwiOI.O%2Fm%3D__features__%2Fam%3DAQ%2Frt%3Dj%2Fd%3D1%2Ft%3Dzcms%2Frs%3DAGLTcCMiQBBD-ZXU8D95pBEBWUa6RHvqqw#_methods=onPlusOne%2C_ready%2C_close%2C_open%2C_resizeMe%2C_renderstart%2Concircled%2Cdrefresh%2Cerefresh&id=I3_1419358152790&parent=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com&pfname=&rpctoken=30357717
Labels: Austin Texas, Austin TX, Stephen Lisson, Stephen Lisson
Austin Texas, Stephen N. Lisson, StephenNLisson, Steve Lisson, Steve
Lisson Austin TX
Older Posts Home
Subscribe to: Posts (Atom)
Blog Archive
▼ 2014 (15)
▼ December (3)
sites.google.com/site/initiatepublicationsinc/stev…
http://stephennlisson.blogspot.com/2014/01/data-pa…
Steve Lisson | Stephen Lisson | StephenNLisson | S…
► October (2)
► September (1)
► August (3)
► July (1)
► June (1)
► May (1)
► March (2)
► February (1)
About Me
Steve Lisson Austin TX
View my complete profile
Simple template. Powered by Blogger.
https://accounts.google.com/o/oauth2/postmessageRelay?parent=http%3A%2F%2Fnvcaadvocatesmoreconfidentiality.blogspot.com#rpctoken=714343414&forcesecure=1
DECEMBER 2014 | JANUARY 2015
Internet Investors
Blog at
WordPress.com. The Minnow Theme.
Follow
Follow “Internet Investors”
Get every new post delivered to your Inbox.
Build a website with
WordPress.com
Posted by Steve Lisson at 2:53 PM
Email ThisBlogThis!Share to TwitterShare to FacebookShare to Pinterest
Links to this post
Labels: ABOUT, AUSTIN, CONTACT, LISSON STEPHAN, LISSON STEPHEN N.,
PRIVACY, STEPHAN LISSON, STEPHAN N. LISSON, STEPHEN LISSON, STEPHEN N.
LISSON, STEVE LISSON, STEVE N. LISSON, STEVE.LISSON, TEXAS, TRAVIS
COUNTY, TX
Older Posts Home
Subscribe to: Posts (Atom)
Blog Archive
▼ 2014 (12)
▼ December (2)
internetinvestors.wordpress.com
Stephen N. Lisson 2015
► November (2)
► October (2)
► September (1)
► August (1)
► July (1)
► June (1)
► May (1)
► February (1)
About Me
Steve Lisson
View my complete profile
Simple template. Powered by Blogger.
