Independent rating of Allegis Capital VC fund
Overall rating:
13 reviews
About Allegis Capital VC fund
Website:
Founded:
1996
Number of investments:
6
Organization type:
Venture Capital
How Allegis Capital VC fund invests
Average ticket size:
6.58M USD
Smallest investment:
2.86M USD
Biggest investment:
19.8M USD
Would lead round:
Yes
Would coinvest:
Yes
Countries where invested:
Sectors of interest:
Founders' reviews of Allegis Capital VC fund
Not reviewed
Older than a year by non-portfolio founder
Wasted Time, Bad Treatment
We had a really bad experience with Allegis (Spencer) this summer. He heard about our deal, reached out to us, and got all hot and heavy and took a lot of our time with diligence. Claimed it was all going very well, and specifically indicated that they intended to come forward with a term sheet "within the next few days". I talked to Spencer 4 or 5 days later, and it was like he had almost never heard of me or my company. Total twilight zone. Made comments about confusion in his PDA about our deal timing, but after spending 3 weeks in diligence with him, he truly acted like it was a cold introduction call. Never heard from him again.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Tough, Demanding and Best of Breed
As a long-time senior executive of major semiconductor corporations and recently responsible for raising over 200M in three start-ups, I have learned the difference between OK, Good, and Great VC partnerships. Allegis is truly one of the great ones, beginning with their LP's; mostly major corporations that through Allegis' intro's can become preferred customers. From the first day of funding with Allegis (and specifically, board member Bob Ackerman), the total partnership was involved in the success of our company. I could call on Bob at anytime, any place in the world, and his response was immediate and relevant. Bob, with unquestionable integrity, left management to run the business and RUN is the key word there. He didn't ask for useless information that tied up my management's time to satisfy partnership egos or redundant questions most other less knowledgeable VC firms would have about the semiconductor business.
Allegis is tough, demanding but most importantly, fair in the way they treat people and corporate valuations. If you are going to present to Allegis, you better have your sh** together! Due to their size, experience and knowledge of markets, they can quickly make high-risk decisions that stick. If they say the money 's in the bank...believe it.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Heres Your Management Fee
I pitched these guys quite a while ago. I owned quite a bit of stock in the company. They had the nerve to say I owned way too much and that in order to do a deal they wanted most of the company and they would give me a management fee. I was told to come back after I was more realistic regarding ownership.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Lara Druyan Very Professional and Efficient
Lara is surprising refreshing and honest -- both about the market -- and your chances of receiving funding (and from who) if not her. She know here markets -- and after speaking with a few CEO's of boards she's on -- the feedback from all is she add's more value than any other VC's on their board.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Lara Druyan
Lara Druyan understands the issues with online shopping (especially for women). It is best summed up in a Gartner, Inc. report from May 2007, "Making a purchase on the Web is an act done primarily in solitude, rather than in the presence of others. The dimension of 'social shopping' has yet to be fully exploited and offers great potential for growth and disruptive change." My company is a bit too early for a venture round but Lara offered her assistance in a variety of useful ways. It was a pleasure to meet with a VC that had great domain expertise, offered specific advice, and genuinely wanted to help make my life easier, with no strings attached.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Lara Druyan Allegis Capital
Courtesy in quick response which is appreciated
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Good Fund, Good People
I am on my second deal with Allegis. On the first deal they really assisted in securing the B round. The market did not materialize as we expected, so in the end it did not go so well. We are working together again on a new deal, which pretty much says it all. Jean-Louis is an excellent board member and has great experience to share. Per some of the comments here, he does not put up with any bullshit, so I recommend avoiding any tap dancing or long winded answers with no point. Lara Druyan is really sharp as well.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Allegis Puts the Word Partner Back in Venture Capital
I have pitched to Allegis in several past startups and have known many of the partners for about 5 years now. We just closed a seed round of funding with them in our Preferred A.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Supportive Investors
Allegis invested in my last company and proved to be a very supportive investor. Lara Druyan was the partner on our board and she always went out of her way (and continues to do so with the company) to help. Of all the board members at the company she was the only one who consistently reached out to all of the executive team to offer assistance.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Supported This Founder and CEO
Allegis was the lead investor in my series B and they did a great job of helping us find several other top VCs to join the round. I like all of their partners, but I know Bob Ackman the best since he took the lead on the deal. Bob Ackerman set a fair valuation and fair terms. Due diligence was straight forward and quick. As a board member Bob was very active and he has a great network. He set up many meetings for us with strategic partners. Most importantly during our acquisition discussions Bob provided some very important feedback that helped us complete a very good exit to a fortune 500 company.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Allegis Supports Entrepreneurs
I found Allegis to be the best firm I ever worked with. Not only did they coach me through a pitch process with their company, but they gave incredibly fair terms. Moreover, they are an excellent VC and Bob Ackerman in particular is a key asset as a Board member. They work side by side with our company even past hours you would expect from any firm (we often communicate as late as 1 am with them). They have made key introductions as well as helped us engage in all relations that help our company accelerate. Finally, they are former "operators" and with that knowledge, help and constructively guide our team and company so that we have better success through our efforts. Once you have them on your side, they pull out all stops to help you and the company succeed.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Great Partners
I have worked with Allegis Capital in two successful start-ups. I have found the firm, and particularly Bob Ackerman, very effective as advisors and collaborators. The firm's network is good, and they make quick, decisive funding decisions. They are also very management-friendly. Most of the partners have deep operating experience, which also sets them apart.
Not reviewed
Older than a year by non-portfolio founder
Unlock more reviews by creating a free account
Allergic to Allegis
Yeah, I would agree this firm seems disordered. Jean-Louis has an impressive resume, but I did not find him to be that impressive in reality.