PE / VC Club at LBS

PE & VC Club at London Business School

[Varun Rekhi @RekhiVarun]

Hung out with my favorite sparring partner @maxbraeuninger on "How To Think Like a VC From Day 1" as we met 80+ students who are new to VC and @LBS . Thx @LBSInvestor

[PE / VC Club at LBS @LBSInvestor]

@RekhiVarun You did great, Varun! Thank you!

[Brian Feroldi @BrianFeroldi]

If you pick stocks, you MUST learn how to read a balance sheet.

Here’s everything you need to know:

[PE / VC Club at LBS @LBSInvestor]

Kicking off the new season: Yesterday, we held a (sold-out!) VC Summer Social with students & alumni ⭐️ Students landed VC roles, startups got funded, VCs found LPs… JK, but everyone did get a step closer to their goals 🙌🏼 Thank you to 80+ people who attended - Stay tuned!

[Christoph Janz 🕊 @chrija]

2/ If both companies have the same growth persistence, company A will generate 6x more revenue over the next 20 years. That (same growth persistence) is a big if, but it's a sensible default assumption for later-stage investors (much easier than predicting acceleration).

[Christoph Janz 🕊 @chrija]

1/ A quick thread on why investors pay such high premiums for growth even if there's a new focus on capital efficiency.

Imagine two SaaS companies, both at $10M ARR. Company A is growing 90% y/y, company B is growing 45%.

[Ben Meer @SystemSunday]

If you’re always tired in the afternoon, read this:

[Varun Rekhi @RekhiVarun]

De-SPAC deal values are typically 3-4x the proceeds raised by the SPAC (thru private placements etc.). We're either sitting on $600bn+ worth of M&A deals (good or bad) waiting to happen or the greatest redemption call of all time.

[Marcus Castro @mac_a_castro]

Two areas that are a keen focus for startups:

Sales Efficiency = Net New ARR / Sales & Marketing Spend

Burn Multiple = New Burn / New New ARR

Are you actively tracking both metrics?

#VC #BurnMultiple #Fundraising

@chrija for the #amazing content!

[Christoph Janz 🕊 @chrija]

Every investor:

2010: Valuations are getting crazy. I hope things will slow down.
2011: Valuations are getting crazy. I hope things will slow down.
…
2021: Valuations are getting crazy. I hope things will slow down.

2022: 😭😭😭 Can we please have our bull market back?

[PE / VC Club at LBS @LBSInvestor]

❗️Announcement: The Institute of Entrepreneurship and Private Capital (IEPC) at LBS is seeking approx. 10 student volunteers for this year's Private Capital Symposium!
📨 Please contact [email protected] to volunteer!
🤝 Event info:
https://t.co/iQVnhYvWS1

[PE / VC Club at LBS @LBSInvestor]

Don't miss the 2022 Private Capital Symposium at LBS on June 30 - July 1. The event brings together industry experts and thought leaders in the private markets.
Register here: https://t.co/jsdLZ3ReWV

[Alex & Books 📚 @AlexAndBooks_]

I have a master's degree in business.

But I’ve learned 10x more from reading newsletters.

Here are 10 FREE newsletters that will teach you about business:

[PE / VC Club at LBS @LBSInvestor]

@MorningBrew "sorry i have a call in 3 mins"

[Jason ✨👾SaaStr.Ai✨ Lemkin @jasonlk]

The biggest issue in venture today isn’t interest rates, or revenue multiples, or any of that

We’ve seen that all before

No what’s new-ish (at least since 2001) is the massive overhang of growth investments that will take startups years to grow into

[Nichole Wischoff @NWischoff]

Seeing more As getting done than pre-seed/seed the past few weeks. Average valuation in Q1 22 for A rounds (that I saw) was 89M post. This week: 52M, 57M, 65M. Q2 will likely look a lot different. Keep in mind Q4 21 average was 110M.

[Gokul Rajaram @gokulr]

1. Over the last few weeks, I’ve been speaking with leading private / public market investors, to get a sense of how they’re thinking about valuing growth stage or public companies. Three clear themes emerged:primacy of FCF margins, flight to quality, and muted revenue multiples.

[PE / VC Club at LBS @LBSInvestor]

Here's our 2022-2023 Manifesto.
We come from 3 different nationalities, with work experience in 14 countries. We will represent the PE/VC Club in a way that reflects the broader LBS community – diverse, curious and multi-lingual.
@andreavz18 @alaraerisen @RekhiVarun @AkshayLulla3

[PE / VC Club at LBS @LBSInvestor]

Hello, world!