Big news today for our portfolio company, @enyaai! They just announced the Public Testnet of OMGX, an Ethereum Layer 2 platform that supports EVM-compatible smart contracts and creates a foundation for sophisticated off-chain computations: https://t.co/X5LxgkHOPu
Some big news to announce… CollegeBacker is now Backer at https://t.co/3SQA1yRuTM! In addition to rebranding, we’re excited to share that we’ve raised $8.4 million in funding to help us bring smart college savings to the masses. Read on for details.
@m2jr@davemcclure@vc @marianogonvas @jaimalik@DelJohnsonVC @zsilvs303 @uluventures Of course the trick is calculating risk weighted return. Ulu uses probability weighted multiple on invest capital (PWM) as our metric for all investments.
Incredibly proud of the @Ketch team for launching #PrivacyGrader, the free website privacy score + assessment that gives businesses dealing with data peace of mind for free. Read more via @TechCrunch: https://t.co/zQjQpQYAm8
Big news! @CollegeBacker now supports dozens of 529 plans. Do you already have a 529 plan? Connect it to CollegeBacker for seamless gifting (recurring and credit card gifts), mobile app access (iOS / Android), cashback rewards ("Backer Bucks"), and more. https://t.co/cCTUAteZlk
As promised (but a day late), here are the results of our Venture survey. 427 respondents from all over the world contributed; thanks to all that contributed to this report.
https://t.co/AbcuDn9CAv
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@Samirkaji Indeed. This is one of the challenges with the industry’s standard benchmarks. We use probability weighted multiple to normalize the risk/return comparisons
@Samirkaji Here’s another portfolio construction test - what is the TVPI of your initial checks vs your reserve checks? I would wager the the answer will give most high performing seed funds pause about writing that next reserve check.
@Samirkaji For Ulu we only invest in follow-on rounds if we can get comparable risk/returns to our seed stage check. This doesn’t happen often, so our effective reserves are about 1 : 1/3
@Samirkaji If follow-on percent * ave stock price increase > 1, then you are better off investing more upfront. In < 1, then reserves contribute positively to your fund’a risk weighted returns.
...and be sure to vote for “Students Need Teachers, Teachers Need Homes,” a proposed #SXSWEDU panel featuring @AlexLofton of Landed, Ron Beit of RBH Group Group, Rob Stein of Roaring Fork School District, & Thibault Manekin of Seawall Development: https://t.co/ZcbAiXYV3h
@willnigri@uluventures Agree. Great sourcing and smart decision making will certainly increase the chance of a hit. But still only from 2.5% (average VCs) to 5% (top tier VCs). With odds this low, intuition doesn't work well. Hence the need for a data driven approach to portfolio construction.