11/30/2023 0 Comments Benchmark venture capital![]() ![]() There are more firms on the list (419) than founders ranking them (388). And you can read more about how they put the list together here. each founder’s vote has same weight Play around with the Founder’s Choice results yourself. >Only ratings, no text comments, so no hate, no sour grapes. >Only ranks VCs who have invested in that founder (it’s about working together more than the pitch experience) >Verifies identities (even though nobody’s identity is revealed, and it’s all stored securely) This fixes the flaws of past approaches at public founder feedback on VCs: Too much of the knowledge of which investors are good is buried in private networks - it should be public. Ye - who has worked as an intern at Bloomberg LP - recommended founders do their own diligence and pay more attention to the section of the list that a firm fell into rather than obsess over the difference between a few rungs.īahat made the case for the ranking on Product Hunt a few months ago:Īs a founder and now as a VC, I’ve wanted this to exist for a long time. ![]() “The grand vision of this is just giving people without that much access some sort of knowledge of how these investors actually work with their founders,” Ye said. Ye, one of the creators of the list, said that he’s heard horror stories about VCs over the years and this is one way to provide new founders information on the people they’re considering tapping for capital. So, the list could shift dramatically over time. The Founder’s Choice creators plan to update the list in January 2023 as more survey respondents participate. Founder’s Choice is an effort to create the magic of YC’s exclusive guide for a broader audience. Probably the best ranking of venture capitalists is the private YC investor directory that’s shared with Y Combinator portfolio companies. And Forbes’ Midas List is a regular source of debate within venture capital. I remember the backlash when Social Capital collaborated with The Information on its diversity list. VC rankings have a long history of controversy. We recognize that our first leaderboards may be biased by the sample of which VC’s portfolio companies submitted rankings, but we believe that over time the leaderboards will reflect a broader pool of rankings as more founders submit. Sponsors Bloomberg Beta (6), Precursor Ventures (28), and BBG Ventures (141) performed relatively well. Foundry Group, which promoted the ranking, came in 7th. Notably, firms that promoted the survey link seemed to do better. The creators of the ranking acknowledge that the list - like all attempts to rank venture investors - inherently has flaws. I think Founder’s Choice represents an interesting crack at the perpetual challenge of judging investors. I agreed to publish the list before seeing the results. I didn’t have a say in the ranking methodology or the final list. They asked founders, “Which (firm) would you rather have as an investor?”įounder’s Choice gave Newcomer the exclusive first look at the results. Altogether 388 founders judged their investors in head-to-head matchups to create Elo rankings for 419 different tech investing firms. Jerry Ye and Daniel Tao - who have studied at the University of Pennsylvania together - built the chess-like ranking system. Two young coders, with the encouragement of Bloomberg Beta leader Roy Bahat created the new ranking of venture capital firms, called Founder’s Choice. ![]()
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