Investor IRR on Paper to Raise Another Fund

Recently I was meeting with a venture investor talking about the market and opportunities at the Atlanta Tech Village. He had just joined a new partnership, so, naturally, I asked what happened at his previous firm. He said the firm had made the targeted number of investments, but didn’t have the required internal rate of return (IRR)…

More Vertical, Niche SaaS Startups

Over the past few months I’ve talked to a number of entrepreneurs with vertical, niche Software-as-a-Service (SaaS) products. As expected, mainstream SaaS platforms are being carved up into small, specialized point solutions, while also providing a better experience to their customers. Most venture investors are looking for large, platform-like SaaS startups, but more entrepreneurs are going to…

Notes from the Shopify S-1 IPO Filing

Earlier today Shopify announced that they had filed for an IPO and released their S-1 document with the SEC. Shopify is the top Software-as-a-Service ecommerce provider powering over 160,000 online stores. Personally, I’ve talked with a number of ecommerce entrepreneurs and Shopify always comes up as one of the best solutions. Here are a few…