Kirsten Suddath (Next Frontier Capital) \\ Venture Capital 101
09/21/22 • 49 min
In today’s episode, we have NFC’s very own. Kirsten Suddath. Kirsten is a General Partner at Next Frontier Capital. For the first episode of Season 3 are doing a crash course in Venture Capital - a “VC 101”. We are breaking down all the Alphabet soup of VC terms, the different positions in a Venture Capital firm, where the money comes from, and what kind of companies/founders are right for Venture Capital investment.
Here’s a closer look at the episode:
- Kirsten’s background and what got her into VC
- What is Venture Capital?
- Venture Capital Firms
- Venture Capital Funds - where does the money come from
- Types of Limited Partners
- Positions in a VC Firm - General Partner, Managing Director, Analyst, Associate, Principal, Head of Platform, Operations, CFO
- Role of LPs in investment decisions - LPAC
- How VC funds are raised - when do they get the money
- Investment period of a fund
- Management Fee of a fund
- How does the VC firm make money off of investments?
- Company exits
- Fund Carry
- Venture Capital vs. Private Equity
- What control do VCs have in the companies they invest in
- Venture Deals - Jason Mendelson and Brad Feld
- The role of a Board of Directors
- When should founders raise capital?
- Which entrepreneurs shouldn’t raise capital
- What makes a good founder investable?
- Super Founders by Ali Tamaseb
Resources:
NFC Website: www.nextfrontiercapital.com
NFC LinkedIn: https://www.linkedin.com/company/next-frontier-caiptal/
Kirsten Linkedin: https://www.linkedin.com/in/suddath/
Kirsten Twitter: https://twitter.com/KirstenSuddath
In today’s episode, we have NFC’s very own. Kirsten Suddath. Kirsten is a General Partner at Next Frontier Capital. For the first episode of Season 3 are doing a crash course in Venture Capital - a “VC 101”. We are breaking down all the Alphabet soup of VC terms, the different positions in a Venture Capital firm, where the money comes from, and what kind of companies/founders are right for Venture Capital investment.
Here’s a closer look at the episode:
- Kirsten’s background and what got her into VC
- What is Venture Capital?
- Venture Capital Firms
- Venture Capital Funds - where does the money come from
- Types of Limited Partners
- Positions in a VC Firm - General Partner, Managing Director, Analyst, Associate, Principal, Head of Platform, Operations, CFO
- Role of LPs in investment decisions - LPAC
- How VC funds are raised - when do they get the money
- Investment period of a fund
- Management Fee of a fund
- How does the VC firm make money off of investments?
- Company exits
- Fund Carry
- Venture Capital vs. Private Equity
- What control do VCs have in the companies they invest in
- Venture Deals - Jason Mendelson and Brad Feld
- The role of a Board of Directors
- When should founders raise capital?
- Which entrepreneurs shouldn’t raise capital
- What makes a good founder investable?
- Super Founders by Ali Tamaseb
Resources:
NFC Website: www.nextfrontiercapital.com
NFC LinkedIn: https://www.linkedin.com/company/next-frontier-caiptal/
Kirsten Linkedin: https://www.linkedin.com/in/suddath/
Kirsten Twitter: https://twitter.com/KirstenSuddath
Previous Episode
Kirsten Suddath (Next Frontier Capital) \\ VC 101
In today’s episode, we have NFC’s very own. Kirsten Suddath. Kirsten is a General Partner at Next Frontier Capital. For the first episode of Season 3 are doing a crash course in Venture Capital - a “VC 101”. We are breaking down all the Alphabet soup of VC terms, the different positions in a Venture Capital firm, where the money comes from, and what kind of companies/founders are right for Venture Capital investment. Here’s a closer look at the episode: Kirsten’s background and what got her into VC What is Venture Capital? Venture Capital Firms Venture Capital Funds - where does the money come from Types of Limited Partners Positions in a VC Firm - General Partner, Managing Director, Analyst, Associate, Principal, Head of Platform, Operations, CFO Role of LPs in investment decisions - LPAC How VC funds are raised - when do they get the money Investment period of a fund Management Fee of a fund How does the VC firm make money off of investments? Company exits Fund Carry Venture Capital vs. Private Equity What control do VCs have in the companies they invest in Venture Deals - Jason Mendelson and Brad Feld The role of a Board of Directors When should founders raise capital? Which entrepreneurs shouldn’t raise capital What makes a good founder investable? Super Founders by Ali Tamaseb Resources: NFC Website: www.nextfrontiercapital.com NFC LinkedIn: https://www.linkedin.com/company/next-frontier-caiptal/ Kirsten Linkedin: https://www.linkedin.com/in/suddath/ Kirsten Twitter: https://twitter.com/KirstenSuddath Venture Deals - Jason Mendelson and Brad Feld: https://www.amazon.com/Venture-Deals-Smarter-Lawyer-Capitalist/dp/1118443616 Super Founders by Ali Tamaseb: https://www.amazon.com/Super-Founders-Reveals-Billion-Dollar-Startups/dp/1541768426/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1663189167&sr=1-1
Next Episode
Rilee Buttars (Dónde) \\ Why better time off means better time on
In today’s episode, we have another incredible story that takes us from Idaho, to the great State of Utah. I am excited to welcome Rilee Butters, who is the co-founder and CEO of Dónde the travel as a benefit company that is taking PTO to the next level. Here’s a closer look at the episode: Rilee’s childhood in Idaho and looking for a place to belong How a trip to India started her love of travel From a collegiate athlete to BYU Advertising Program Film producing How Rilee’s experiences prepared her for Dónde Leaving advertising to chase her dream Why a travel company? How much PTO goes unused each year Empowered-PTO What is “good PTO” and how does it drive ROI? How Dónde works The value of travel in workplace culture The first year and challenges of COVID Optimizing the time during COVID to focus on the tech Raising money - while pregnant Advice to other women/mothers who are entrepreneurs Importance of confidence What’s coming up in the next few months? Resources: Website: godonde.com Rilee Instagram: https://www.instagram.com/rbuttars/?hl=en Dónde LinkedIn: https://www.linkedin.com/company/d%C3%B3nde/ Dónde Instagram: https://www.instagram.com/go_donde/
Found In The Rockies - Kirsten Suddath (Next Frontier Capital) \\ Venture Capital 101
Transcript
Kirsten 00:00
Who makes for a great startup founder, venture bankable startup founder. Here's some of the things that he found, which I found really interesting. I feel like the myth is that, you know, venture bankable startups are founded by like college dropouts. It turns out, the data actually shows that, you know, half of unicorn founders are over the age of 35. Right. So these companies are getting started, you know, mid to, you know, until later in somebody
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