Venture In The South
Venture in the South is about angel investing in the Southeastern United States.
We interview founders and thought leaders, sponsor a few panels discussing significant events and share our own experiences with over 100 startup investments.
Released every Monday and usually 30-45 minutes long, ~50% of shows are Founder interviews, ~25% interviews with thought leaders and ~25% educational.
We invite feedback and suggestions via www.ventureinthesouth.com or email david@ventureinthesouth.com. If you like our show please subscribe and give us a rating with a quick review.
Thanks for listening and remember: Our mission is to MAKE MONEY, HAVE FUN AND DO GOOD.
Venture In The South
E103: Portfolio Results for 2023
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In 2023, Early Stage Venture Portfolios experienced a downturn following the robust years of '21 and '22. Media outlets suggest an average decline of around 15% for startup funds in 2023 (though the methodology behind this calculation remains unclear).
David and Paul delve into the nuances of reporting results, focusing on Exit Portfolio outcomes measured through the Distributions to Paid In capital (DPI), and Return On Investments (ROI). Additionally, they explore reporting methods for Active Portfolios, emphasizing the valuation of ongoing investments and reporting the current Multiple On Invested Capital (MOIC) or ROI. The conversation digs into the complexities of using Internal Rate of Return (IRR) for Active Portfolios, acknowledging its limited significance due to the subjective nature of valuing an active portfolio.
The discussion concludes with the presentation of the updated 2023 performance figures for both the entire VentureSouth portfolio and David's individual portfolio.
Follow David on X at https://x.com/DGRollingSouth
Connect On LinkedIn with David at https://www.linkedin.com/in/davidgrisell/
Follow Paul on X at https://x.com/PalmettoAngel
Connect On LinkedIn with Paul at
https://www.linkedin.com/in/paulclarkprivateequity/
We invite your feedback and suggestions at www.ventureinthesouth.com or email david@ventureinthesouth.com.
