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Jan 5, 2020
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Venture Capital

The Best of Venture Happenings, News, and Research in 2019

Author
GoingVC Team

🔍 Key Insights

The State of Startups 2019

First Round’s Survey of Startups this year revealed that over two-thirds of founders fear we’re in a startup bubble – leading to rockier fundraising routes moving forward. D&I and culture are taking a forefront, and not just for founders, but employees – so look for continued focus on creating a more well-rounded culture as a competitive advantage (for both VCs and startups!).

Softbank is Screwing Up & WeWork’s Woeful Year

Our obligatory Softbank and WeWork content. Techcrunch covers the angle from Softbank and WeWork. What happened, who is to blame, and what can we (maybe?) learn from this saga? Read More (Softbank) | Read More (WeWork)

What’s the Deal with Direct Listings?

Without doubt direct listings are becoming more popular. Slack may have been the most high profile name to raise capital via a direct listing this year – and there are plenty of reasons in this market environment to consider a direct listing – a trend we expect to continue. Read More.

The 37% Rule: How to Decide When to Stop Wondering and Start Doing

Algorithms to Live By is a must read for I would argue anyone, and it starts with a a simple heuristic for determining when to stop wondering and start doing (hint: it’s 37% of the total required). This nifty rule of thumb can help, as an example, when determining how many candidates to interview before hiring…or perhaps how any startups to review before cutting a check. Read More from Tomasz Tunguz.

More Female Founded Unicorns Than Ever

A banner year for female founded startups as more companies founded by women in 2019 than in any previous year achieved the magical billion dollar valuation. Certainly an under-invested area, are ‘female-founded startups’ an undervalued asset class? Read More.

The VC Model is Broken – Here’s a Fix

The Pareto Principle is at an extreme in VC. Only 5% of funds hit a 3x return multiple for their investors, while the remainder at best break even. What about a blockchain built member-only funding club model? Consilience Venture proposes an interesting alternative to the VC model – one that includes de-risking by spreading it across more investors, creating liquidity through the ability to buy and sell shares via tokens, and generating more value through a networked community.

Don’t Miss: The Best VC Related Books We Read in 2019.

Why Gross Margins Matter

Sometimes getting back to basics can help a lot. Two Sigma Ventures penned a simple and illustrative case for the importance of gross margins. Not only are gross margins an easy metric to calculate, but companies with stable gross margins benefit from persistence in margins, and ultimately are rewarded with an ability to weather storms, leading to higher valuations. A necessary refresher on Finance 101.

How Much Money Do VC’s Make?

John Gannon’s 2019 Survey across the VC industry reveals how much VC’s make across different roles and firms and is filled with interesting tidbits of data and actionable takeaways for those job hunting in the new year.

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Weʼre seeking people who have a demonstrated passion for, and persistence in, pursuing a career in venture capital. If youʼre admitted, we expect you to give first, show up, work hard, contribute, and ultimately make the group better.

Participants in past GoingVC cohorts have come from a variety of academic backgrounds and career paths, including tech companies like Zynga, Uber, Amazon, Google, Hustle Fund, Lowercarbon Capital, Mercury Fund, Salesforce Ventures, Lerer Hippeau, BBG Ventures, Redpoint Ventures, USV, and General Catalyst.

Weʼve also had GoingVC members who were finishing up their college degrees, and others further along in their careers.

Weʼve had former engineers, entrepreneurs, product managers, management consultants, angel investors, investment bankers, and many more.

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There is no “perfect” age to participate in the GoingVC program. Itʼs more about what you want to get out of it and whether we can provide that for you.

Weʼve had members who recently graduated or are currently in grad school, as well as others who were much later into their careers.

GoingVC is a geographically agnostic program. The investment skills youʼll learn are universal.

While we donʼt target any specific cities for alumni job placement, members have gone on to find VC roles all over the world.

Live sessions typically take place on Tuesdays or Thursdays at 5 PM PST.

If you canʼt make the live calls, no problem. We record every lecture so you can watch or listen on your own time, whether on your computer or phone. Many members complete the program asynchronously.

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We strive to make GoingVC accessible, regardless of your financial situation. We offer flexible payment terms, including payment plans, to help make the program more manageable for different budgets. For U.S. applicants, financing options are available through our partner, Climb.

If for any reason youʼre not satisfied with the program within the first 30 days (thatʼs a quarter of the program), just let us know — weʼll issue a full refund, no questions asked. We make this guarantee because we want GoingVC to be one of the most impactful professional development experiences youʼve ever had.

Members should expect to spend around 4-6 hours per week to get full value out of the experience.

The curriculum varies based on which track you select when you join the program. We have the flagship program track, which is all about learning the fundamentals of VC and breaking into the industry. Then, we have a track focused on Raising a Fund, which teaches you the fundamentals and also prepares members for raising their own fund. Thus, a select portion of the curriculum differs.

You can read more about our curriculum here.

Yes. Members will have the opportunity to join GoingVCʼs Investor Program, giving you direct experience with sourcing and evaluating deals.

GoingVC is fully virtual and designed to be accessible globally, with flexible recorded sessions so you can participate regardless of your location or schedule.

GoingVC is built for busy professionals balancing full-time jobs. While live sessions offer valuable real-time interaction with active VCs, theyʼre all recorded, so you can learn flexibly on your own schedule without missing out.

GoingVC is designed for professionals at all stages of their VC journey: from aspiring Analysts to Partners looking to deepen their skills. Whether youʼre just breaking in or advancing your career, the program offers valuable education, experience, and network support tailored to your needs.

GoingVC supports professionals from different backgrounds. Our comprehensive curriculum–live expert lectures, curated readings, case studies, and hands-on modeling–builds well-rounded VC skills. Combined with personalized mentorship, we help bridge gaps and prepare you to confidently break into venture capital.

Every session is recorded and available to view on your own time—on your computer or phone. Many participants complete the program asynchronously and still gain full value.