One of the most frequently asked questions from our venture managers is “What is market?” Whether market refers to terms like management fees and carry, compensation for employees, number of companies per fund, or the size of LPs, the term that is hardest to find data on is economics.
The topic of Private IPOs is getting a lot of interest and is something we have examined before. We previously wrote about the rise of unicorn (private $1B+) valuations and the impact of mega rounds on exit dynamics within private markets. We have spent the last 18 months thinking about what a new normal might look like as companies choose to remain private for longer. A Private IPO is defined as a financing round of $100M or more. While we do not have a crystal ball, we think that the Private IPO is here to stay (for now).
Like many around the world, TTCP is actively adapting to the ever-changing work environment, which has become our new norm. It’s during unique times like these that we, as institutional investors, are trusted by our Limited Partners to remain ahead of the market, and invest their capital responsibly. To do so, TTCP has conducted update meetings with managers and compiled data to provide our supporters with a snapshot of how venture firms are measuring COVID-19’s impact on the industry, responding to this new environment, and how we at Top Tier plan to navigate today’s market.
When investors are asked how they think about building exposure to venture capital, many say they are quite opportunistic with an overarching goal to get access to the best entrepreneurs, start-up companies, and venture capital funds on the planet. However, at many large, institutional platforms, investments are first driven by portfolio construction models that seek…
As we head towards the end of 2019 and the beginning of the next decade, TTCP hopes to make your holiday shopping a little easier with this collected list of popular products from our portfolio companies.We hope that this will help you pick out the latest technology-driven gifts for all of your friends and families.…
Our Managing Director Lisa Edgar spent some time with Harry Stebbings of the 20 Minute VC, an industry leading podcast focused on our industry with the goal of demystifying Venture Capital investing. True to form Lisa delivers some ‘straight talk’ with her customary direct and candid style. CLICK TO PLAY CLICK TO LISTEN ON ITUNES…
Top Tier has planted our European flag in the UK with the opening of an office in London. While venture capital activity is growing in many European cities, London is still widely recognized as the financial epicenter, and we believe it is also one of the top innovation ecosystems in the region due to the…
For the past dozen years, Top Tier Capital Partners has believed that using data wisely can potentially help us to “see around corners”. Venture capital is an industry enshrouded in secrecy, making it difficult to determine what is happening in the world of private companies. The intersection between this part of the market and the…
There are right ways and wrong ways to handle generational transitions at venture capital firms. This concept is most often associated with family businesses, which inevitably are required to pass the leadership reigns if they expect to maintain family control through time. If done correctly at a VC firm, the plan will enable a smooth…
Top Tier Capital Partners (“TTCP”) has been evaluating the venture capital industry for twenty years. As we analyze the market across various regions, we look at three metrics in particular – innovation, capital and liquidity. A balance of these three metrics often leads to attractive market conditions. Too much or too little of any one…