For those of you VCs following along at home, Paul Kedrosky has just published his Top 10 Limited Partner Lies. It nicely complements Paul’s Top 10 VC Lies. I see a future for Paul on The Letterman Show.
We are often asked “how does Venture Capital work?” Will Price from Hummer Winblad recently gave a presentation to a class at Stanford (Entrepreneurial Engineer) which is an excellent overview of how venture capital works.
Fred Wilson has another post on Venture Fund Returns titled Gross and Net Returns. AsktheVC would like to formally thank Fred for doing our work for us, as we periodically get questions about how VC funds work and to this point have not written posts nearly as detailed as Fred’s.
Q: My company is backed by VC firm to whom we also pay a $2k/month "consulting fee." We have raised approximately $2MM from them in a Series A. Is that type of consulting payment typical in an early stage venture? A: (Jason) I want to vomit again. We received this question just a few short […]
We won't send you spam.
Get in touch using the form below.