20 VC 095: How VCs Find Startups and How To Add Value Once Invested with David Teten @ ff Venture Capital

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David Teten is a Partner at ff Venture Capital and is also Founder and Chairman of Harvard Business School Alumni Angels of Greater New York, the largest angel group in New York. David is currently co-leading the first study on “how to disrupt the investing industry.”  He led the first-ever study of best practices of venture capital and private equity funds in originating new deals (#1 all time most-read study in the Journal of Private Equity) and the first-ever study of VCs in creating portfolio company value.  He has published in Harvard Business Review, Institutional Investor, and other leading publications. David’s blog is one of the most extensive and actionable blogs there is, seriously you have to check it out and it can be found at teten.com.

I would like to thank Mattermark for providing all the data and analysis for this interview and you can check them out here!

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In Today’s Episode You Will Learn:

1.) How did David make the move into the world of vc and technology?

2.) What is David’s approach to deal sourcing? What strategies would he recommend to other VCs to find the best startups and entrepreneurs?

3.) What does David think are the most effective ways that VC and PE funds are helping to increase portfolio company value?

4.) How should an entrepreneur evaluate how value-added a VC can be? Are there any signs that one VC has more value add than another?

5.) Is VC moving to the operational model in terms of headcount, with the moves of firms like a16z who provide extensive services as additional value add?

5.) Why did David and ff invest in Indiegogo? Is it not an alternative finance method that is competing with VC? Has David notice a loss in deal flow to AngelList?

 

Items Mentioned In Today’s Episode:

David’s Fave Book: Edward Tufte: Graphical Communication of Quantitative Data

David’s Fave Blog: PandoDaily

ffVC’s Most Recent Investment: Skycatch

As always you can follow HarryThe Twenty Minute VC and David on Twitter here!

If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!