In part 22 of his series on venture debt, Zack Ellison from Applied Real Intelligence identifies how investors can structure convertible notes to mitigate downside risk, avoid liquidity traps and better align incentives.
More venture firms are following the lead of buyout firms by creating continuation funds to provide liquidity to LPs in older funds. Here are the pluses and minuses for GPs and LPs considering CVs.
Investors seem to be directing more capital to support existing portfolio companies instead of pursuing new investments, while earlier timing for mega-deals suggests a push to accelerate development to beat competitors.
Sharon Vosmek explains Astia Fund's 'sift' strategy, which she says has led to a significantly lower failure rate for start-ups the fund chooses to back.
VCs and corporate backers own shares currently worth nearly $10bn for VC-backed companies that have gone public this year – minus the holdings for outliers Circle and CoreWeave, which are valued at $35bn.
General Catalyst and IDG Capital were the biggest winners in Circle's IPO, with each holding 20.9m shares valued at $1.7bn at the closing price of $83.23.
Firm with $7.3bn raised in VC program since first fund in 1990 anticipating return of IPOs and M&As later this year or next, with uptick of CVs in the meantime.
In part 21 of his series on venture debt, Zack Ellison from Applied Real Intelligence explores the fundamentals of convertible notes and why they are a staple of early-stage financing.
Impact investors have an opportunity to make the AI industry safer and reap sizeable returns in the process, panellists tell the Impact Investor Global Summit.
Greycroft, Baroda Ventures and Mercato Partners posted significant gains in the MNTN offering, while Insight Venture Partners, Atomico and 11.2 Capital are among the big winners for Hinge.