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Allen Taylor
Venture Capital in Emerging Markets
Allen Taylor is the Managing Partner of Endeavor Catalyst, a co-investment fund under Endeavor, which focuses on supporting high-growth companies in emerging markets. With over 20 years of experience in economic development and venture capital, Allen has played a pivotal role in Endeavor's efforts to foster entrepreneurship globally, particularly in regions like Latin America and the Middle East.
Since its inception in 2012, Endeavor Catalyst has raised over $500 million across four funds and has made more than 300 investments in over 30 countries, including backing companies that have achieved valuations exceeding $1 billion, such as Rappi and Bukalapak.123 Allen is also known for his involvement in various boards and organizations related to entrepreneurship and venture capital, including Kauffman Fellows and Alter Global.13
He is a graduate of Princeton University and is based in Northern California, where he lives with his family.13
Highlights
Jason Calacanis calls it "the world’s #1 podcast," but I don’t think even JCal appreciates just how GLOBAL the reach of the All-In Podcast has become!
A short story to explain:
🍷 In June, I was fortunate to be able to join the LIQUIDITY Summit in Napa where I got to meet "The Besties" and listen to them do a live recording. Super cool experience!
⛰ A few weeks later, I was on vacation with my family when the episode "dropped" that they called "The Besties Take Napa."
📱 I woke up the next morning to more than 50+ WhatsApp messages from all around the world from VCs, founders, friends, colleagues and LPs telling me that they "had seen me on the All-In Podcast," or asking me if I "got Chamath's autograph?" The incredible part is that these message came from:
🔹2 different top VCs in #Indonesia 🔹A super well respected #LP in the #MiddleEast 🔹A very old friend from #Argentina who is both a GP and an LP 🔹5 different CEOs in #LatinAmerica 🔹Friends and Endeavor teammates from #Turkey, #SouthAfrica, the #UAE, #SaudiArabia, #Singapore, #Brazil, and beyond.
I knew that the podcast was popular in certain GP and LP circles, but I had no idea just how global the reach had become! Check out the video clip below if you want to see the Besties Take Napa (the brief shot of me is in the first 10 seconds!).
If you listen to the All-In Podcast from somewhere outside the United States, drop a quick comment on where you listen in from. I'm interested!
Also, if you're reading this and will be at All-In Summit in Los Angeles this week, let me know. I won't personally be there, but have some awesome friends/teammates attending that I would love to connect you with!
📺 Check out the episode from Napa here:
We need to talk about "down rounds."
We are 18+ months in to a real re-set in the VC market, but I am still seeing too many founders unwilling to acknowledge that they need to re-price things from the 2021 "Peak VC" valuation that their company received.
For founders reading this, please know that many of the best CEOs of VC-backed companies have quietly raised "re-priced" rounds over the last 18 months with some of the world's smartest investors. And this route -- simply repricing -- is highly preferable to the alternatives of:
🛑 adding all kinds of structure (e.g. liq. pref; warrants; "pay-to-play") to force through a new financing that is "flat" to the 2021 price 🛑 turning down a term sheet from the "smart money" top tier investor (at a lower price) in favor of the "dumb money" firm that will meet your desired price 🛑 failing to raise a new round at all b/c no investors would "bid" at the price you were asking, leading to a failed fundraise and a major set-back
Smart folks like Fred Wilson and Shu Nyatta wrote about this in late 2022. In the video clip below, Shu and I talked about it on-stage at our Endeavor Catalyst Investor Meeting -- in June 2023!
So as we turn the corner into September 2024, let's turn the page on the anomalous valuations created by ZIRP-policies and abundant capital in 2021. Let's spend less time worrying about valuation and get back to company building. I know that might sounds scary to some founders out there, but as Shu says in the interview below, I think "if you do it, it will be a relief!"
#Fundraising #FounderFriendlyAdvice #DownRounds
