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Insights

Q1 2014 Venture Investments Update

// Wiley Becker

May 28, 2014 - $9.5B was invested in 951 venture-backed companies in Q1 2014, marking the highest quarterly dollar total since Q2 2001 according to the MoneyTreeTM Report. While this was a rolling four quarter increase of 12% in capital invested, the number of deals remained flat. The spike in dollars invested, consequently, was caused by an increase in average deal size driven primarily by several very large deals this quarter.
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Q4 2013 Venture Performance Update

// Wiley Becker

May 14, 2014 - The 10 year time horizon of the US Venture Capital Index ® by Cambridge Associates LLC continued its improvement in Q4 2013 to 9.69%, but was bested by the recent strong performance of the three major public indices. While shorter term performance slightly lags the public indices, longer term performance significantly exceeds the public markets. As expected, the Late Stage US Venture Capital Index outperforms the Early Stage Index in the shorter hold periods, while the Early Stage Index outperforms over the longer time horizons.
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When Startups Don’t Follow Their (Financial) Plan

// David Ehrenberg

May 14, 2014 - Why spend time creating a financial plan if you don’t use it to guide your business? If creating a financial plan is one of the single most impactful steps entrepreneurs can take in creating a thriving business, following it is critical to making sure a business stays on course. A good financial plan literally serves as a roadmap to establishing and growing your startup.
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Life Science Lending: Minimizing the Downside(s) to Debt

// Monica Rivera Beam, PhD

May 14, 2014 - In Part 1 and 2 of this series I provided examples of how debt can be used to build value and some general questions lenders may ask when putting together a proposal. A final important piece of evaluating debt, for companies and investors is the potential for debt to reduce value in the company and how can that be avoided. There are 3 major considerations to help minimize the potential downside(s) to debt: risk, overleveraging, and building a strong partnership.
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HR Fundamentals for High-Growth Companies

// Lea Coats

April 30, 2014 - Are you an employer that is unclear of the value of Human Resources as a business partner? Or maybe you’re a small employer and do not have the resources to hire a dedicated HR professional? No matter your company’s status – there are several legal fundamentals that you’ll want to comply with in order to keep out of hot water and avoid costly fees.
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Building Your Company Culture Through Values

// Zack Mansfield

April 30, 2014 - Of all the aspects of building a big company from scratch, nailing a great company culture is perhaps the hardest to quantify and thus also one of the hardest things to do. It’s inherently difficult because it’s all about people - there will be all different types of people in an organization and the needs of the organization will require different skills and talents at different points along the journey.
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