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Jonathan Patrick
Works at UT Federal Credit Union
Attended University of Tennessee
Lives in Knoxville, TN
130 followers|8,267 views
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Jonathan Patrick

commented on a video on YouTube.
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go get em guys!
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Wow! @SBAgov is waiving their fee for loans under 150k! Come see the 2012 SBA Credit Union lender of year for TN @UTFCU 
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Jonathan Patrick

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what are 3 things you look for in an investor, besides capital? /cc @abcsharktank
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Entrepreneurs should take a close look at a venture capital firm’s fund size when they’re looking to raise a Series A Round. Professor Ilya Strebulaev shares four areas to research:

1. Number of Partners
Typically the VC who leads your Series A round will take a board seat at your company. How many companies do they have in their portfolio? Which partner do you want on your board? How many boards do they sit on? How much time will your company get with the VC? 

2. Stage
Early stage deals are much smaller, so VC funds are smaller. In 2004-2005, the median-sized Series A round was $1 million. Now we’re seeing $2.5 million Series A rounds because of angel investors and incubators/accelerators. Does the VC specialize in a specific stage of a company’s development? What is the deal size of their recent investments?

3. Diversification
Given the high risk of each new investment, VCs are looking to invest in a number of companies across several years in a typical 10-year fund lifecycle. What other companies are in their portfolio? How old is the fund – is the VC in the early (1-2 years), mid (3-4 years) or late stage (5-6 years) of the fund? What’s your company timeline? Where will your company be in year 10?

4. Prior Returns
VCs start their future fund-raising efforts during the late stage of their existing fund. It’s critical for VCs to show profit from their current fund to raise a new fund. Both past performance and reputation help VCs raise larger funds, which is why you see a well-known VC firm like Kleiner Perkins closing bigger early stage funds. There’s empirical evidence that success begets success:
-More successful funds are more likely to raise more funds
-More successful funds are likely to raise larger funds
-More successful funds are likely to charge higher carry interest

Read the full post on Tumblr: http://stnfd.biz/pMB7N
For more, read “Venture Capital: A Business of Failing”: http://stnfd.biz/pMB8o
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Jonathan Patrick

commented on a video on YouTube.
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Love the creativity.
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what's the first question you ask prospective employers?
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Jonathan Patrick

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fill in the blank..if its not <blank> you shouldn't be doing it
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People
In his circles
92 people
Have him in circles
130 people
Kathryn Eaton's profile photo
Tiffany Walker's profile photo
Eric Dobson's profile photo
Work
Occupation
Finance
Employment
  • UT Federal Credit Union
    Senior Vice President/Chief Lending Officer, 2011 - present
  • GoGrabLunch.com
    Creator/CEO, 2010 - 2012
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Knoxville, TN
Story
Tagline
Finance executive and business advisor
Bragging rights
Professional MMA fighter
Education
  • University of Tennessee
    Marketing, 1992 - 1995
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Gender
Male
Wow! Crunchy Apple is fantastic! Arigato gozaimasu!
Food: ExcellentDecor: Very goodService: Excellent
Public - a year ago
reviewed a year ago
Food: ExcellentDecor: Very goodService: Excellent
Public - a year ago
reviewed a year ago
3 reviews
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Matt Stegall is the best sales rep I have ever worked with. I purchased my G35 about 10 months ago and the process could not have been easier. He has followed up to ensure that I am happy and recently helped me quickly get a solution to a minor issue with the paint. If every experience at Harper Infiniti is this way I will purchase every vehicle there.
Public - 2 years ago
reviewed 2 years ago