InsiderVC.com pierces the VC industry's verbal fog - Stephen Lisson, StephenNLisson, Austin Texas
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Tuesday, March 11, 2014
Austin's 10 Fittest Profiles - Austin Fit Magazine
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Aug 11, 2013 - Men's 30's Winner: David King ... Solutions), and a whole crew of friends (fellow competitors Mark Cunningham, Kent Smith, and Steve Lisson).
ISSUU - August 2013 - Austin's Ten Fittest by Austin Fit Magazine
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male 30s Winner David King by Leah Fisher Nyfeler W hile several of the AFM ... of friends (fellow competitors Mark Cunningham, Kent Smith, and Steve Lisson).
Waltham's Matrix Leading Venture Pack on Both - Boston.com
www.boston.com/news/globe/reprints/111200_matrix/
The Boston Globe
Nov 12, 2000 - Stephen N. Lisson, a writer in Austin, Texas, tracks top venture players on ... Lisson says it's really too soon to judge funds of the 1998 vintage ...
Wikipedia talk:Articles for creation/Steve Lisson - Hitchhiker's Guide ...
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Stephen N. Lisson,
or Steve Lisson, is a publisher and writer in Austin, Texas. He has
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venture ...
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Rumors
of Benchmark's Demise Greatly Exaggerated For weeks, rumors have been
circulating in the VC community that Benchmark Capital's third fund, ...
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Feb 18, 2014 - Steve Lisson Austin TX Stephen N. Lisson Texas lawsuits parties attorney attorneys pro se judge judges court courts.
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Jan 16, 2014 - Steve Lisson, Stephen N. Lisson. VALLEY TALK Behind the VC Music FORTUNE Wednesday, November 22, 2000. By Mark Gimein. Stephen ...
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Aug 31, 2013 - David Wenger of Super Squadra, Bicycle Sport Shop's Elite Race Team, ...... C O M male 30s Winner David King by Leah Fisher Nyfeler W hile several ... (fellow competitors Mark Cunningham, Kent Smith, and Steve Lisson).
Friday, January 24, 2014
Steve Lisson | Stephen Lisson | Stephen N. Lisson | Austin Texas
Transparency.
Let’s have a round of applause for CalPers, the giant state pension
fund, for transparency. Beth Healy of the Boston Globe (8/17/2001)
reports Money managers aghast that pension investor shows returns,
rankings. It’s a report card that has rocked the secretive venture
capital world, and one that even the `A’ students didn’t care to see
displayed on the refrigerator. Calpers, the giant California pension
fund that sets trends for many large investors, has posted on its Web
site the performance of every venture or buyout fund in which it’s
invested for the past decade. Firms typically guard these numbers
carefully, but the Calpers chart even says which funds are meeting
expectations, and which are disappointments. … The industry buzz around
the report stems from the secrecy with which venture firms and buyout
artists guard the specifics of their returns. Virtually every firm
claims ”top quartile” performance, and the numbers they give out are
suspect, venture analysts say. Steve Lisson of Austin, Texas, on his
controversial Web site, InsiderVC.com, tracks venture returns by doing
his own calculations on venture portfolios. He is the only independent
source on such numbers and has drawn fire from some venture capitalists
for breaking the code of silence. … over the long term, Calpers has been
doing something right. As of March 31, its average annual return for 10
years of private equity investing was 17.5%. The Wilshire 2500 Index, a
broad stock market benchmark, was up 13.9% in that period. Would that the federal government would do the same with alleged investment programs like SBIR.
Carl Nelson Consulting
http://www.carl-nelson.com/government2001.htm
Published by Carl Nelson Consulting, Inc, 1325 18th St NW, Washington DC 20036
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Wednesday, January 1, 2014
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Stephen N. Lisson, Austin, Texas
What's a VC to Do?
Forbes.com
What's a VC to Do?
Shelley Pannill, Forbes ASAP, 09.10.01
Someone's always looking for a bargain.
As thousands of new economy startups crashed and burned this past year,
speculation mounted that the venture capitalists they once enriched
were now cautiously sitting on pots of gold and playing golf. But the
VCs we talked to say it's only the limited partners, the investors
behind the venture funds, who get to perfect their putts.
So what are these high-powered moneylenders up to now?
Damage control. VCs, like the rest of us, have lost a lot of money
lately. Some 25% are expected to go out of business over the next
several years. "Sometimes your widget doesn't widge," says Alan Salzman,
founding partner at VantagePoint Venture Partners. He should know. His
firm recently faced the grim task of writing severance checks after one
bankrupt portfolio company's management team had squandered its money.
Then there's the job of smoothing things out at companies that survived
but were merged, downsized, or acquired. Says Philip Gianos of InterWest
Partners: "I'm acting like a marriage counselor, which is a full-time
job right now."
Scouring the ocean floor. Last year, says
one observer, "You felt lucky to be able to invest in a new technology
startup." This year, VCs get to play God, waiting to invest until
impoverished companies are desperate for cash. "I've been out bargain
shopping," says Heidi Roizen of Softbank Venture Partners, sipping
chardonnay on a rolling lawn at the Atherton, California, home of a
fellow VC. "I can't believe these valuations!"
Revisiting
old friendships. Last year's "shootouts" for deals have subsided. VCs
are again finding synergies with competitors. "The tourists are gone,"
says Accel Partners über investor Jim Breyer, alluding to the rush of
cash-happy hobbyists--both individuals and companies--combing the
landscape for gold in recent years.
Business as usual.
Sort of. VCs are doing what they do best: investing in startups,
although the pace has slowed. According to research firm Venture
Economics, VC investments have fallen by nearly two-thirds, from $27.2
billion in Q2 last year to $10.6 billion in Q2 this year. Still, they're
actually spending more this year in some sectors, such as wireless,
biotechnology, fiber optics, and data storage. E-commerce, of course,
was the big loser, with VC investing sinking from $210 million in the
first quarter of last year to $3.3 million by the fourth quarter.
But venture capitalists had better keep investing, warns Steve Lisson,
who runs the popular InsiderVC.com. According to data tracker
VentureOne, 27 venture capital firms have completed raising funds of
more than $1 billion each since the start of the dot-com doldrums in
spring 2000. Says Lisson: "They've got to use it or lose it."
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Monday, December 2, 2013
Stephen N. Lisson, Austin, Travis County, Texas, Steve Lisson, Austin, Travis County, Texas
Stephen Lisson, StephenNLisson, Stephen N. Lisson, Austin Texas, Austin TX
Financial Investors? Us?
InsiderVC.com pierces the VC industry's verbal fog.
1 April 01 12:14, Tsafrir Bashan
Stephen N. Lisson, Austin, Travis County, Texas, Steve Lisson, Austin, Travis County, Texas
Anyone carefully following the venture capital industry in Israel and
overseas recognizes the routine. Managing partners talk at length and
with great passion, but with very little substance. They gossip
endlessly about the industry. What about the industry’s numbers? “We
don’t disclose private data,” is the stock reply from industry players.
Today, for example, everyone knows that the situation is bad, but it is
hard to say who exactly is in a bad position. You won’t find a fund
partner talking animatedly about a company shutting down or about a down
round. The most you can expect is an admission that not everything is
perfect.
The absence of data is both odd and entertaining, particularly for an
industry in which capital, finances, and yield are the key words.
Without figures on the amount of a company’s holdings or valuations, the
pompous phrase, “added value,” is all the venture capital industry has
left to talk about. It is difficult to find a financial industry at any
point in history that has provided so few figures. (Venture capital is a
professional investment industry, regardless of how many partners talk
about opening doors and assistance in recruiting executives).
Against this rather frustrating background, it is worth consulting the
US web site insiderVC.com. The site provides data for companies in the
industry, such as profit and loss allocations between the general
partner and the investors (the carry), the exact rate of management
fees, and exact investments and valuations for portfolio companies at
the various financing rounds. Of course, the site also includes
derivative data, such as the internal rate of return (IRR) and the
realization ratio. In other words, it provides the tools needed to
compare various organizations and even different funds within the same
organization, information you will not get from your local venture
capital management partner.
In order to gain access to all this data, you have to pay a considerable
fee, but you can get a preview of the statistics and a sample of site
editor Stephen Lisson’s sharp tongue free of charge. You won’t find
better material on the web.
Published by Israel's Business Arena on March 29, 2001
Stephen Lisson, StephenNLisson, Stephen N. Lisson, Austin Texas, Austin TX
Stephen N. Lisson, Austin, Travis County, Texas, Steve Lisson, Austin, Travis County, Texas
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