As I explore the path of joining a start up management team or potentially returning to the financing side, I will analyze the Alwayon Dealmakers list with great interest when time permits. You should too.<\/p>\n
Limited Partners<\/strong> Venture Capital \u2013 Early-Stage<\/strong> Venture Capital \u2013 Late-Stage<\/strong> Venture Capital \u2013 Corporate Investors<\/strong> Investment Banks — Bulge Bracket <\/strong> Investment Banks — Boutiques <\/strong> Private Equity<\/strong> Institutional Public Investors<\/strong> Corporate Buyers \u2013 Global Tech<\/strong> Corporate Buyers – Media<\/strong> As I explore the path of joining a start up management team or potentially returning to the financing side, I will analyze the Alwayon Dealmakers list with great interest when time permits. You should too. Limited Partners Limited partners are the big, quiet kahunas at the front of the technology finance food chain. Venture capital […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[16,32],"tags":[],"class_list":["post-640","post","type-post","status-publish","format-standard","hentry","category-entrepreneurship","category-venture-capital"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/posts\/640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/comments?post=640"}],"version-history":[{"count":0,"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/posts\/640\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/media?parent=640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/categories?post=640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.daviddalka.com\/createvalue\/wp-json\/wp\/v2\/tags?post=640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nLimited partners are the big, quiet kahunas at the front of the technology finance food chain. Venture capital firms are just one thing they invest in, but they\u2019re what provides most of the money VCs have under management.
\n1 TIAA-CREF
\n2 CalPERS
\n3 CalSTRS
\n4 Harvard Management Co. (HMC)
\n5 Yale Endowment
\n6 University of Texas (UTIMCO)
\n7 Stanford Management Co. (SMC)
\n8 Princeton University Investment Company (PRINCO)
\n9 MIT (MITIMCO)
\n10 Ford Foundation<\/p>\n
\nYou have a business plan and a bunch of code. Now you need to raise a million dollars or two to productize your concept and get an office. Besides providing operating startup capital, early-stage VCs will help you form your board and build your team.
\n1 Sequoia Capital
\n2 New Enterprise Associates
\n3 Benchmark Capital
\n4 Draper Fisher Jurvetson
\n5 Bessemer Venture Partners
\n6 Accel Partners
\n7 Charles River Ventures
\n8 Matrix Partners
\n9 Greylock Partners
\n10 Doll Capital Management
\n11 Lightspeed Venture Partners
\n12 Index Ventures
\n13 Norwest Venture Partners
\n14 Madrona Venture Group
\n15 Hummer Winblad<\/p>\n
\nYou\u2019re hiring a sales force, building a channel, upgrading your executive team, and bringing products to market. At this point, until you\u2019re fully profitable, get acquired, or raise public equity through an IPO, your operating capital comes from late-stage venture investors. Some VC firms do both early- and late-stage VC, as you\u2019ll see in our picks below.
\n1 Sequoia Capital
\n2 New Enterprise Associates
\n3 Kleiner Perkins Caufield & Byers
\n4 Greylock Partners
\n5 Menlo Ventures
\n6 Mobius Venture Capital
\n7 Draper Fisher Jurvetson
\n8 Benchmark Capital
\n9 Accel Partners
\n10 Bessemer Venture Partners
\n11 Oak Investment Partners
\n12 Redpoint Ventures
\n13 U.S. Venture Partners
\n14 Mayfield Fund
\n15 DCM – Doll Capital Management<\/p>\n
\nCorporate VCs are a little different. They can invest in early- or late-stage deals, but they usually focus on sub-sectors and investments with potential business benefits for their limited partner \u2013 the corporate parent.
\n1 Intel Capital
\n2 Comcast Interactive Capital
\n3 Hearst Corporation\/Hearst Interative Media
\n4 Time Warner Investments
\n5 IDG Ventures
\n6 Qualcomm Ventures
\n7 Motorola Ventures
\n8 Cisco
\n9 Adobe Ventures
\n10 SAP Ventures
\n
\nCorporate Law Firms<\/strong>
\nFirst, let\u2019s call the lawyers \u2013 at least, that\u2019s a good plan in the world of technology finance. Some of these firms have done well by providing low or deferred-fee incorporation services to brand-new startups, sometimes for shares, and some not only provide counsel but also introductions during mergers, IPOs, or other financing events.
\n1 Wilson Sonsini Goodrich & Rosati PC
\n2 Latham & Watkins
\n3 Fenwick & West
\n4 Gunderson Dettmer
\n5 Wilmer Cutler Pickering Hale & Dorr LLP
\n6 Goodwin Procter LLP
\n7 Cooley Godward LLP
\n8 DLA Piper US LLP
\n9 Cravath Swaine & Moore
\n10 Manatt Phelps Philips
\n
\nInvestment Banks<\/strong>
\nWhen the time is right to take your company public or get bought, you work with investment banks. If it\u2019s an IPO, they underwrite you \u2013 helping prepare your prospectus, setting the share price, promoting you to institutional investors, and once you\u2019re public, providing analyst coverage of your stock to keep public investors up to date on your financial performance. If it\u2019s an M&A, they act as advisers to either party, structuring the deal, and providing acquisition capital. There are two types of ibanks: the bulge brackets, that deal with any and every kind of company, and the boutiques, which are smaller and focus on a few sectors.<\/p>\n
\n1 Morgan Stanley
\n2 Goldman Sachs
\n3 Lehman Brothers
\n4 Credit Suisse
\n5 JP Morgan Chase
\n6 Merrill Lynch
\n7 Citigroup
\n8 Deutsche Bank
\n9 UBS Investment Bank
\n10 Banc of America Securities<\/p>\n
\n1 Jefferies & Company Inc
\n2 Evercore Partners
\n3 Thomas Weisel Partners
\n4 Needham & Company, LLC
\n5 Montgomery & Co. LLC
\n6 Cowen & Company LLC
\n7 William Blair & Co., LLC
\n8 Wachovia Securities
\n9 Houlihan Lokey Howard & Zukin
\n10 Greenhill & Co.<\/p>\n
\nPrivate equity, or leveraged buyout, firms are the ones that take public companies private, or buy their stock with the goal of turning them around and selling them.
\n1 Carlyle Group, The
\n2 Texas Pacific
\n3 Blackstone Group, The
\n4 Kohlberg Kravis Roberts & Company
\n5 Silver Lake Partners
\n6 General Atlantic
\n7 Hellman & Friedman LLC
\n8 Vista Equity Partners
\n9 Vector Capital
\n10 Welsh, Carson, Anderson & Stowe<\/p>\n
\nAsset management firms of all stripes (mutual funds, hedge funds, etc.) fall into this category. Besides investing in technology stocks, they may also become limited partners in private equity firm funds.
\n1 Fidelity Management & Research
\n2 T. Rowe Price Associates, Inc.
\n3 Wellington Management Co. LLP
\n4 Capital Research & Management Co.
\n5 AllianceBernstein LP
\n6 Capital Guardian Trust Co.
\n7 Vanguard Group, Inc.
\n8 Gilder, Gagnon, Howe & Co. LLC
\n9 Goldman Sachs Asset Management LP (US)
\n10 Wells Capital Management, Inc.<\/p>\n
\nBig companies want to acquire successful startups that have a strategic fit, breakthrough technologies, masses of customers and profit margins.
\n1 Cisco Systems, Inc.
\n2 Oracle Corp.
\n3 Microsoft
\n4 Motorola, Inc.
\n5 LSI Logic Corp.
\n6 International Business Machines Corp.
\n7 Siemens AG
\n8 Google, Inc.
\n9 Seagate Technology, Inc.
\n10 EMC Corp.<\/p>\n
\nBig companies want to acquire successful startups that have a strategic fit, breakthrough technologies, masses of customers and profit margins.
\n1 Publicis Groupe
\n2 CBS Corporation
\n3 Lagardere SCA
\n4 Dominion Enterprises
\n5 Axel Springer AG
\n6 Walt Disney Company
\n7 Hearst Corp.
\n8 MTV Networks
\n9 Pearson Education, Inc.
\n10 EMAP plc<\/p>\n","protected":false},"excerpt":{"rendered":"