Clint Korver

Managing Director Ulu Ventures. Investing in enterprise IT and smart data startups. Former Stanford instructor. Kauffman Fellow

[Clint Korver @ckorver]

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

[Jordan Lee @jordanglee]

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.

[Clint Korver @ckorver]

@jordanglee Delighted to be an investor in Backer - an inspiring company!

[Clint Korver @ckorver]

@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.

[Clint Korver @ckorver]

@m2jr @davemcclure @vc @marianogonvas @jaimalik @DelJohnsonVC @zsilvs303 @uluventures Ulu follows on when the risk weighted return of the follow-on is as good or better than our standard seed investment

[Clint Korver @ckorver]

@kareshshshsh @firstrepublic You can find a simplified template on GitHub. Search for ulu ventures. The challenge is keeping it simple.

[Clint Korver @ckorver]

Say Bye to Bias: Why Ulu Ventures Relies on Analytics for Better Portfolio Picks https://t.co/jcX8FF0qWJ via @firstrepublic

[Clint Korver @ckorver]

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

[Clint Korver @ckorver]

@CollegeBacker Well done CollegeBacker! A timely and important service for those saving for college!

[Backer @backer529]

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

[Clint Korver @ckorver]

Emerging from the Fallout https://t.co/XOc4WBydts

[Clint Korver @ckorver]

@farnamstreet Movie ticket sales, book sales, Pharma R&D drug development successes, Oil & Gas exploration finds, venture capital outcomes

[samir kaji @Samirkaji]

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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[Clint Korver @ckorver]

@Samirkaji Digital asset valuation methodology. Our crypto investment is up, but thinly traded. What do we report to LPs?

[Clint Korver @ckorver]

@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

[Clint Korver @ckorver]

@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.

[Clint Korver @ckorver]

@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

[Clint Korver @ckorver]

@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.

[Landed @LandedHomes]

...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

[Clint Korver @ckorver]

So proud of Miriam and all she has accomplished! https://t.co/oAEaU3CtNy

[Ulu Ventures @uluventures]

Our very own #firestarter @miriamulu1 @uluventures kicks off the #eshipsummit!

[Clint Korver @ckorver]

@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.