Comments on: Top, Bottom, Middle, or Who Cares? http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html Mon, 13 Feb 2012 23:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bfeld http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-8528 bfeld Wed, 07 Jan 2009 01:55:53 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-8528 Indeed - this is true. Indeed – this is true.

]]> By: bsm http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-8531 bsm Wed, 07 Jan 2009 01:55:53 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-8531 The comments make a lot of sense to me in the general context, but especially when you look into the Spanish market. In Spain, you can see a stron reduction from 2006 to 2007 in early stage investments.____Whilst overall VC investment raises from 3,108 MM EUR in 2006 to 4,329 MM EUR in 2007, seed and start-up investments not only loose weight in overall investments (from 1% seed/total in 2006 to 0,6% in 2007 and from 8,1% start-up/total in 2006 to 4% in 2007).____The worst thing is that overall net investment in early stage decreases in an overall increasing investment scenario (seed investment go down from 30,1 MM EUR 2006 to 25,3 MM 2007, and startup goes down from 250,5 MM in 2006 to 174,8 MM in 2007).____With reagrd to start-ups that are worth investing, I guess taht it is just a matter of being selective, but with current large number of initiatives being started, somit will be more likely to find worth-investing opportunities.____The fact that IPO market is stopped now, as far as it gets reactivated in 2-3 years, would be a fair option, and probably a good moment to invest now, to exit when the cake is baked and ready to serve.__ The comments make a lot of sense to me in the general context, but especially when you look into the Spanish market. In Spain, you can see a stron reduction from 2006 to 2007 in early stage investments.____Whilst overall VC investment raises from 3,108 MM EUR in 2006 to 4,329 MM EUR in 2007, seed and start-up investments not only loose weight in overall investments (from 1% seed/total in 2006 to 0,6% in 2007 and from 8,1% start-up/total in 2006 to 4% in 2007).____The worst thing is that overall net investment in early stage decreases in an overall increasing investment scenario (seed investment go down from 30,1 MM EUR 2006 to 25,3 MM 2007, and startup goes down from 250,5 MM in 2006 to 174,8 MM in 2007).____With reagrd to start-ups that are worth investing, I guess taht it is just a matter of being selective, but with current large number of initiatives being started, somit will be more likely to find worth-investing opportunities.____The fact that IPO market is stopped now, as far as it gets reactivated in 2-3 years, would be a fair option, and probably a good moment to invest now, to exit when the cake is baked and ready to serve.__

]]> By: Matt McCall http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-8533 Matt McCall Wed, 07 Jan 2009 01:55:53 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-8533 Happy travels (and fishing) Brad. Downturns, while hard on existing companies, are usually good investing times so we are looking forward to the next couple of years :-) Happy travels (and fishing) Brad. Downturns, while hard on existing companies, are usually good investing times so we are looking forward to the next couple of years :-)

]]> By: dave mcclure http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-8537 dave mcclure Wed, 07 Jan 2009 01:55:53 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-8537 strangely all 3 are correct. in general, i think mid-tier VCs are going to be challenged over the next few years. top-tier firms will probably do fine -- and in particular, clean-tech / green-tech have lots of room to blossom, altho the space may be topping out now. and early-stage (which i'd define as Series A and angel / seed) i think will also do well. <br /> <br /> however Fred may be correct that Web 2.0 VC may not be changing the world as much as the later-stage green / clean funds... but i think he'll come back from vacation refreshed and ready to throw more money at "useless" web 2.0 investments ;) <br /> <br /> may we all live in interesting times, eh? strangely all 3 are correct. in general, i think mid-tier VCs are going to be challenged over the next few years. top-tier firms will probably do fine — and in particular, clean-tech / green-tech have lots of room to blossom, altho the space may be topping out now. and early-stage (which i'd define as Series A and angel / seed) i think will also do well.

however Fred may be correct that Web 2.0 VC may not be changing the world as much as the later-stage green / clean funds… but i think he'll come back from vacation refreshed and ready to throw more money at "useless" web 2.0 investments ;)

may we all live in interesting times, eh?

]]> By: Nari Kannan http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-8545 Nari Kannan Wed, 07 Jan 2009 01:55:53 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-8545 As long as they don't bunch up VC investments and create a new investment vehicle for foreign funds like they did for Mortgage Backed Securities for really loust mortgages, VC investing should be safe I guess. It's tempting! That way they can claim that since risk is so distributed, there is no risk! :-) :-) <br /> <br /> Have fun in Homer! Just saw episodes of Norhern Exposure on DVD. Still funny! As long as they don't bunch up VC investments and create a new investment vehicle for foreign funds like they did for Mortgage Backed Securities for really loust mortgages, VC investing should be safe I guess. It's tempting! That way they can claim that since risk is so distributed, there is no risk! :-) :-)

Have fun in Homer! Just saw episodes of Norhern Exposure on DVD. Still funny!

]]> By: Nari Kannan http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-44899 Nari Kannan Tue, 24 Jun 2008 07:51:01 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-44899 As long as they don't bunch up VC investments and create a new investment vehicle for foreign funds like they did for Mortgage Backed Securities for really loust mortgages, VC investing should be safe I guess. It's tempting! That way they can claim that since risk is so distributed, there is no risk! :-) :-) <br /> <br /> Have fun in Homer! Just saw episodes of Norhern Exposure on DVD. Still funny! As long as they don't bunch up VC investments and create a new investment vehicle for foreign funds like they did for Mortgage Backed Securities for really loust mortgages, VC investing should be safe I guess. It's tempting! That way they can claim that since risk is so distributed, there is no risk! :-) :-)

Have fun in Homer! Just saw episodes of Norhern Exposure on DVD. Still funny!

]]> By: Brad Feld http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-44900 Brad Feld Tue, 24 Jun 2008 05:48:51 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-44900 Indeed - this is true. Indeed – this is true.

]]> By: bsm http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-44898 bsm Tue, 24 Jun 2008 05:37:59 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-44898 The comments make a lot of sense to me in the general context, but especially when you look into the Spanish market. In Spain, you can see a stron reduction from 2006 to 2007 in early stage investments.____Whilst overall VC investment raises from 3,108 MM EUR in 2006 to 4,329 MM EUR in 2007, seed and start-up investments not only loose weight in overall investments (from 1% seed/total in 2006 to 0,6% in 2007 and from 8,1% start-up/total in 2006 to 4% in 2007).____The worst thing is that overall net investment in early stage decreases in an overall increasing investment scenario (seed investment go down from 30,1 MM EUR 2006 to 25,3 MM 2007, and startup goes down from 250,5 MM in 2006 to 174,8 MM in 2007).____With reagrd to start-ups that are worth investing, I guess taht it is just a matter of being selective, but with current large number of initiatives being started, somit will be more likely to find worth-investing opportunities.____The fact that IPO market is stopped now, as far as it gets reactivated in 2-3 years, would be a fair option, and probably a good moment to invest now, to exit when the cake is baked and ready to serve.__ The comments make a lot of sense to me in the general context, but especially when you look into the Spanish market. In Spain, you can see a stron reduction from 2006 to 2007 in early stage investments.____Whilst overall VC investment raises from 3,108 MM EUR in 2006 to 4,329 MM EUR in 2007, seed and start-up investments not only loose weight in overall investments (from 1% seed/total in 2006 to 0,6% in 2007 and from 8,1% start-up/total in 2006 to 4% in 2007).____The worst thing is that overall net investment in early stage decreases in an overall increasing investment scenario (seed investment go down from 30,1 MM EUR 2006 to 25,3 MM 2007, and startup goes down from 250,5 MM in 2006 to 174,8 MM in 2007).____With reagrd to start-ups that are worth investing, I guess taht it is just a matter of being selective, but with current large number of initiatives being started, somit will be more likely to find worth-investing opportunities.____The fact that IPO market is stopped now, as far as it gets reactivated in 2-3 years, would be a fair option, and probably a good moment to invest now, to exit when the cake is baked and ready to serve.__

]]> By: dave mcclure http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-44897 dave mcclure Tue, 24 Jun 2008 01:37:25 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-44897 strangely all 3 are correct. in general, i think mid-tier VCs are going to be challenged over the next few years. top-tier firms will probably do fine -- and in particular, clean-tech / green-tech have lots of room to blossom, altho the space may be topping out now. and early-stage (which i'd define as Series A and angel / seed) i think will also do well. <br /> <br /> however Fred may be correct that Web 2.0 VC may not be changing the world as much as the later-stage green / clean funds... but i think he'll come back from vacation refreshed and ready to throw more money at "useless" web 2.0 investments ;) <br /> <br /> may we all live in interesting times, eh? strangely all 3 are correct. in general, i think mid-tier VCs are going to be challenged over the next few years. top-tier firms will probably do fine — and in particular, clean-tech / green-tech have lots of room to blossom, altho the space may be topping out now. and early-stage (which i'd define as Series A and angel / seed) i think will also do well.

however Fred may be correct that Web 2.0 VC may not be changing the world as much as the later-stage green / clean funds… but i think he'll come back from vacation refreshed and ready to throw more money at “useless” web 2.0 investments ;)

may we all live in interesting times, eh?

]]> By: Matt McCall http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html/comment-page-1#comment-44896 Matt McCall Mon, 23 Jun 2008 21:59:44 +0000 http://www.feld.com/wp/archives/2008/06/top-bottom-middle-or-who-cares.html#comment-44896 Happy travels (and fishing) Brad. Downturns, while hard on existing companies, are usually good investing times so we are looking forward to the next couple of years :-) Happy travels (and fishing) Brad. Downturns, while hard on existing companies, are usually good investing times so we are looking forward to the next couple of years :-)

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