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Odin✓

@JoinOdin

launch and run your vc firm from your phone

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  1. Odin✓@JoinOdin
    European VCs American VCs
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  2. Odin✓@JoinOdin
    Odin
    RT @rdominguezibar: The top VC firms by value created per dollar at risk. 1️⃣ Sutter Hill: 11.6x (@Snowflake) 2️⃣ @foundersfund: 11.2x (@SpaceX) 3️⃣ @iaventures: 10.0x (@digitalocean) 4️⃣ Gigafund: 9.1x (@SpaceX) 5️⃣ Lowercase: 8.8x (@Uber) The median across the 147 ranked firms: 1.0x. Founders Fund created $95.2bn. Sutter Hill got its 11.6x on $1.33bn at risk. Source: @JoinOdin. Who wins in VC: the biggest funds, or the sharpest pickers?
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  5. Odin✓@JoinOdin
    Odin
    RT @alexfmac: Roger the 🐐. Not only building a top 3 firm, but also planning succession perfectly & then swinging again on a more focused thesis @gamechangersvc Proud to be a co-investor with @infoarbitrage & team.
    Odin @JoinOdin
    The Top 50 VC Firms Ranked by the long-term value created by primary investments per dollar at risk. The top 10: 1. @shv 2. @foundersfund 3. @iaventures 4. @gigafund 5. @Lowercase 6. @pelion_vp 7. @usv 8. @benchmark 9. @BessemerVP 10. @DFJvc Read more:
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  6. Odin✓@JoinOdin
    Odin
    RT @credistick: The @JoinOdin Top 50 uses a fairly contrarian methodology, in that it does not simply reward AUM. What matters is a firms exposure to the value created by generational companies, relative to managed capital. So, the list features a number of firms who aren’t ranked as frequently as they likely deserve. For example: #15 Founder Collective — @fcollective #17 Granite Ventures — @GraniteVentures #22 Romulus Capital — @RomulusCap #24 Gemini Israel — @GeminiVC #27 Amplify Partners — @AmplifyPartners #30 Highway 12 Ventures — @hwy12 #33 Red Swan — @redswanventures #37 Section 32 — @S32_VC #38 Flybridge — @flybridge #41 Altos Ventures — @altosvc #42 JVP — @JVPVC #44 Celesta Capital — @CelestaCapital #46 Madrona — @MadronaVentures #47 Cathay Innovation — @Cathayinnov #48 Revel Partners — @RevelPartners Check out the full report:
    Dan Gray @credistick
    If there was an "on-base percentage" for venture capital, what would it look like? It might involve looking at a firm's exposure to the world's most consequential tech companies. Not just an arbitrary mark at an exit, where they may or may not have taken liquidity, but the subsequent compounding of those investments over time; using public markets as a sorting mechanism for quality. For this ranking, we started with venture's greatest success stories, and worked backwards to find out who invested, when, and what fraction of their managed funds the investment represented. The resulting list reflects the long-term performance of each firm's most successful portfolio companies, relative to capital deployed. Other interesting features: • Two firms in the top 10 were founded by the Draper dynasty (@shv and @DFJvc). • Luke Nosek is a co-founder of two of the firms in the top 10 (@foundersfund and @gigafund). • Founders Fund created more value than the bottom 22 firms put together, at $95.2B, primarily thanks to @SpaceX and @PalantirTech. • If you rank by value alone, the top five firms are: Founders Fund ($95.2B), @sequoia ($82.6B), @Accel ($56.0B), @BessemerVP ($48.4B), @NEA ($33.0B). • Seven out of the ten best performing funds were technically emerging managers, and four were debut funds. (@iaventures I, @FirstMarkCap I, @Techstars Bullet Time I, @Lowercase I, Founders Fund II, @firstround II, Founders Fund III) The top 10 firms are: 1 — Sutter Hill Ventures, founded by Paul M. Wythes and Bill Draper (William H. Draper III), in 1964 2 — Founders Fund, founded by Peter Thiel (@peterthiel), Ken Howery (@KenHowery), and Luke Nosek (@LukeNosek), in 2005 3 — IA Ventures, founded by Roger Ehrenberg (@infoarbitrage), in 2010 4 — Gigafund, founded by Luke Nosek (@LukeNosek) and Stephen Oskoui (@oskoui), in 2017 5 — Lowercase Capital, founded by Chris Sacca (@sacca), in 2010 6 — Pelion Venture Partners, founded by Jim Dreyfous (as Utah Ventures / UV Partners), in 1986 7 — Union Square Ventures, founded by Fred Wilson (@fredwilson) and Brad Burnham (@BradUSV), in 2003 8 — Benchmark, founded by Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden, in 1995 9 — Bessemer Venture Partners, founded by Henry Phipps Jr. (as Bessemer Securities; VC arm formalized later), in 1911 10 — Draper Fisher Jurvetson, founded by Tim Draper (@TimDraper), in 1985 Read the write-up here: Read more about the methodology and get the full report here:
    0203
  8. Odin✓@JoinOdin
    Odin
    RT @credistick: If there was an "on-base percentage" for venture capital, what would it look like? It might involve looking at a firm's exposure to the world's most consequential tech companies. Not just an arbitrary mark at an exit, where they may or may not have taken liquidity, but the subsequent compounding of those investments over time; using public markets as a sorting mechanism for quality. For this ranking, we started with venture's greatest success stories, and worked backwards to find out who invested, when, and what fraction of their managed funds the investment represented. The resulting list reflects the long-term performance of each firm's most successful portfolio companies, relative to capital deployed. Other interesting features: • Two firms in the top 10 were founded by the Draper dynasty (@shv and @DFJvc). • Luke Nosek is a co-founder of two of the firms in the top 10 (@foundersfund and @gigafund). • Founders Fund created more value than the bottom 22 firms put together, at $95.2B, primarily thanks to @SpaceX and @PalantirTech. • If you rank by value alone, the top five firms are: Founders Fund ($95.2B), @sequoia ($82.6B), @Accel ($56.0B), @BessemerVP ($48.4B), @NEA ($33.0B). • Seven out of the ten best performing funds were technically emerging managers, and four were debut funds. (@iaventures I, @FirstMarkCap I, @Techstars Bullet Time I, @Lowercase I, Founders Fund II, @firstround II, Founders Fund III) The top 10 firms are: 1 — Sutter Hill Ventures, founded by Paul M. Wythes and Bill Draper (William H. Draper III), in 1964 2 — Founders Fund, founded by Peter Thiel (@peterthiel), Ken Howery (@KenHowery), and Luke Nosek (@LukeNosek), in 2005 3 — IA Ventures, founded by Roger Ehrenberg (@infoarbitrage), in 2010 4 — Gigafund, founded by Luke Nosek (@LukeNosek) and Stephen Oskoui (@oskoui), in 2017 5 — Lowercase Capital, founded by Chris Sacca (@sacca), in 2010 6 — Pelion Venture Partners, founded by Jim Dreyfous (as Utah Ventures / UV Partners), in 1986 7 — Union Square Ventures, founded by Fred Wilson (@fredwilson) and Brad Burnham (@BradUSV), in 2003 8 — Benchmark, founded by Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden, in 1995 9 — Bessemer Venture Partners, founded by Henry Phipps Jr. (as Bessemer Securities; VC arm formalized later), in 1911 10 — Draper Fisher Jurvetson, founded by Tim Draper (@TimDraper), in 1985 Read the write-up here: Read more about the methodology and get the full report here:
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  9. Odin✓@JoinOdin
    Odin
    RT @infoarbitrage: Very proud of what we built at @iaventures. Very early conviction, Deep founder alignment. Long time horizon. Generational returns. My partners @beyroutey and @bradgillespie continue to do the work at IA Ventures. My partners @ssokol94 @mattgjfield and @ethanehrenberg and I are applying similar principles to investing at the intersection of live experiences and AI at @gamechangersvc. Just you watch…
    Odin @JoinOdin
    The Top 50 VC Firms Ranked by the long-term value created by primary investments per dollar at risk. The top 10: 1. @shv 2. @foundersfund 3. @iaventures 4. @gigafund 5. @Lowercase 6. @pelion_vp 7. @usv 8. @benchmark 9. @BessemerVP 10. @DFJvc Read more:
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  11. Odin✓@JoinOdin
    Posts @JoinOdin
    #1 — Sutter Hill Ventures: 11.6x Founded 1964 · Palo Alto Builds companies from scratch — partners recruit founders and often serve as founding CEO. MD @laserlikemike was Snowflake’s founding CEO. Key investments: @snowflakedb, @AsteraLabs, @PureStorage.
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  12. Odin✓@JoinOdin
    Odin
    RT @credistick: Towards the end of ZIRP it became increasingly common to allow early selling after an IPO if the share price was above a certain threshold at the first earnings. Essentially, if the market was still hot, you had permission to sell before the lockup period ended. From 2016 to 2021 this clause went from appearing in 0% in this sample of US VC-backed IPOs, to 83%. Today it lingers in about 80% of IPOs. Aaccording to data from Renaissance Capital, looking at the IPO market as a whole, early lockup provisions rose from 9% in 2020 to 25% in 2021 — which was heavily concentrated in tech IPOs. The slight delay in early selling in 2021, and much longer time to >50% sold or distributed, relates to the market turning at the end of the year, which is visible in the split in activity from early 2021 to late 2021. It's hard not to construe this as VCs looking for an opportunity to pump and dump shares into a frothy market — the same investors who often voice concern about public markets being myopic / claim going public has become "more challenging". Perhaps public markets are tired of being left holding the bag? Renaissance Capital (@IPOtweet) research: For an excellent read on IPO exits, check out this paper form @Yifat_ar, @Prof_Broughman, and @elizpollman:
    Dan Gray @credistick
    Why don't VCs hold their winners after IPO as often anymore? Likely because VC-backed IPOs perform significantly worse than in previous eras, as they absorb more capital and grow more fragile ahead of listing. Results from the 50 largest VC-backed IPOs, measured across three windows (Up to Oct 2 in the end year) show that the most recent group (2014–2026) has by far the worst aggregate performance — and even that is propped up by just three companies. 1994–2006 Mean: −2 Median: −36 Beat the index: 14 of 50 Mean without top 3: −21 2004–2016 Mean +88 Median: −28 Beat the index: 22 of 50 Mean without top 3: −6 2014–2026 Mean: −12 Median: −90 Beat the index: 8 of 50 Mean without top 3: −121 Data on VCs selling more quickly post IPO:
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  13. Dan Gray✓@credistick
    Why don't VCs hold their winners after IPO as often anymore? Likely because VC-backed IPOs perform significantly worse than in previous eras, as they absorb more capital and grow more fragile ahead of listing. Results from the 50 largest VC-backed IPOs, measured across three windows (Up to Oct 2 in the end year) show that the most recent group (2014–2026) has by far the worst aggregate performance — and even that is propped up by just three companies. 1994–2006 Mean: −2 Median: −36 Beat the index: 14 of 50 Mean without top 3: −21 2004–2016 Mean +88 Median: −28 Beat the index: 22 of 50 Mean without top 3: −6 2014–2026 Mean: −12 Median: −90 Beat the index: 8 of 50 Mean without top 3: −121 Data on VCs selling more quickly post IPO:
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  14. Odin✓@JoinOdin
    Odin
    RT @credistick: If you're a VC ranking connoisseur, I suggest staying tuned to this weekend.
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    0308