š Internal VC Memo Regarding Twitch š
[How Investors Evaluate Startups]
Get an inside look at how Bessemer Venture Partners does deals š
BVP is a global venture firm with over $5B under management.
They funded Twitch in 2012 and led their series B.
Twitch is currently valued at $15B, but it was a baby in 2012 when this memo was
written.
This internal BVP memo was written by David Cowan and Ethan Kurzweil 3 weeks
after Twitch CEO Emmet Shear pitched them.
This memo shows EXACTLY how VCs like Cowan and Kurzweil think about deals and
deal flow.
Some key takeaways from the memo:
š» BVP cared a lot about deal access (prospects like Twitch are a hot commodity)
š» VCs will do deep research and ask TONS of questions if they are interested.
š» Leadership makes a difference:
"Emmett has impressed us with his open leadership style, calm and effective
negotiating approach"
š» A clear path to ROI was the biggest theme of the memo
Twitch created FOMO in a $5B player like BVP with a <$25M valuation.
With access to BVP's decision-making process, you can uncover the key metrics
and competencies that make VCs want to make a deal NOW.
Read the whole memo for all the details š
#venturecapital #founders #startups #entrepreneurship #fundraising
Originally posted by Nathan Beckord on LinkedIn
link: linkedin.com/in/nathanbeckord
[How Investors Evaluate Startups]
Get an inside look at how Bessemer Venture Partners does deals š
BVP is a global venture firm with over $5B under management.
They funded Twitch in 2012 and led their series B.
Twitch is currently valued at $15B, but it was a baby in 2012 when this memo was
written.
This internal BVP memo was written by David Cowan and Ethan Kurzweil 3 weeks
after Twitch CEO Emmet Shear pitched them.
This memo shows EXACTLY how VCs like Cowan and Kurzweil think about deals and
deal flow.
Some key takeaways from the memo:
š» BVP cared a lot about deal access (prospects like Twitch are a hot commodity)
š» VCs will do deep research and ask TONS of questions if they are interested.
š» Leadership makes a difference:
"Emmett has impressed us with his open leadership style, calm and effective
negotiating approach"
š» A clear path to ROI was the biggest theme of the memo
Twitch created FOMO in a $5B player like BVP with a <$25M valuation.
With access to BVP's decision-making process, you can uncover the key metrics
and competencies that make VCs want to make a deal NOW.
Read the whole memo for all the details š
#venturecapital #founders #startups #entrepreneurship #fundraising
Originally posted by Nathan Beckord on LinkedIn
link: linkedin.com/in/nathanbeckord