Scale Venture Partners Requires a Board Seat in Every Portfolio Deal
Sharon Wienbar · 20 VC 021: Gender Equality, Startup Valuations and 'Friend Raising before Fund Raising with Sharon Wienbar · Mar 19, 2015 · at 23:02
Sharon Wienbar, Partner at Scale Venture Partners, discusses VC firm differentiation and governance strategy with host Harry Stebbings.
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“And in fact, that's part of our strategy is that we always have a board seat with our companies. We're very flexible on price terms, amount of dollars invested, but we always have a board seat.”
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More from Sharon Wienbar
Scale Passed on $100M Valuation For Startup With Sub-$1M Revenue
“We passed on a deal last week, very early stage company, they sell to businesses, they have less than a million dollars in revenue. They're going to raise a new series of investment at about a hundred million pre.”
Wienbar: Major VC return peaks are 100% correlated with platform shifts
“Yeah, so I think the whole you know, when you think about what has caused, you know, the bubbles, the big peaks in venture capital returns are a hundred percent correlated with shifts in platform technology.”
Wienbar: Scale Has Most Female Partners Among $200M+ US VC Funds
“Scale Venture Partners has three female partners, which is, I am sorry to say, the most in the U.S. Of any firm that has more than two hundred million dollars under management.”
Wienbar: Only 4.6% of Venture Capital General Partners Are Female
“Actually only 4.6% of general partners are female.”
Wienbar: Female CS Graduates Dropped From Over 30% to 18.8%
“In the mid-eighties, at the beginning of the computer science discipline more than 30% of the people who graduated with a computer science degree were female, and the current run rate is about 18.8%.”
Wienbar: Early-stage valuations are lower for startups outside Silicon Valley
“So in the earlier days of a startup outside of the valley, probably prices are a little bit lower for them, right? Because there's just, there aren't as many VCs in your local market, and there aren't as many VCs who are willing to fly to your local market.”