SaaS has been a huge area of investment for VC's over the last decade. Over $48 billion was invested in 2,600+ companies in 2020. There was a huge increase again in 2021, with $94 billion invested in 4,400+ companies.
This weekend I read "Age and High-Growth Entrepreneurship" by Azoulay, Kim, Jones and Miranda.
One of the unique requirements of the VMS fund (“VMSF”) is that every investment requires at least one sponsor. A sponsor is a senior level manager from within Constellation who is willing to endorse the investment.
A largely unmodified email conversation with a Portfolio Manager about why VMSV uses preferred instruments when it invests.
Read Mark Leonard's comments on John Thornhill's article "Seven lessons from a late-starting entrepreneur"
One of the more common questions we get asked at the VMS fund is “What’s the process for getting funding?”. Potential ideas are always welcome, and feel free to reach out
A Portfolio Manager tries to figure out if one of his opportunities is a fit with the VMS fund.
"One of the few benefits of my advancing age, is the sense that I am justified in providing unsolicited advice." Read the message from CSI founder Mark Leonard.
Constellation Software Inc. (TSX:CSU) (“Constellation”) today announced the creation of a two hundred-million-dollar venture capital fund ("VMS Ventures“, or “the Fund”). The Fund will provide financing for start-up and rapidly growing vertical market software businesses, most of which will have been either incubated or identified by a sponsoring Constellation business unit.