Independent rating of Rockaway Capital VC fund
Overall rating:
4.2
(8)
Recommend to another founder: 74%
About Rockaway Capital VC fund
Website:
Founded:
2013
Number of investments:
39
Number of exits:
6
Headquarters:
Organization type:
Venture Capital
How Rockaway Capital VC fund invests
Rounds:
Average ticket size:
1.56M USD
Biggest investment:
2.86M USD
Would lead round:
Yes
Would coinvest:
Yes
Countries where invested:
Sectors of interest:
Software, FinTech, Travel, Semantic Web, Search Engine, SaaS, Retail Technology, Retail, Recruiting, Product Research, Product Management, Personal Finance, Payments, PaaS, News, Mobile Apps, Marketplace, Leasing, Language Learning, Internet, Information Technology, Information Services, Hospitality, Fraud Detection, Food and Beverage, Fashion, Education, E-Commerce, Cyber Security, Consumer Research, Computer, Commercial Real Estate, Business Travel, Big Data, Banking, B2B, Artificial Intelligence
Founders' reviews of Rockaway Capital VC fund
Recommend to another founder 50%
Within a year by portfolio founder
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Recommend to another founder 80%
Older than a year by portfolio founder
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Recommend to another founder 100%
Older than a year by non-portfolio founder
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Recommend to another founder 60%
Older than a year by portfolio founder
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Lacking respect and seniority
Pros
Are getting better and better, they are learning and developing
Cons
- to much hands on
- lacking respect
- think they know everything the best, lack of listening
- lacking seniority but that us getting better and better
- absence of long-term strategy what they intend to do with their assets. One day they are profit focused, another day they are investement focus od exit focused. Hard to build on that.
Recommend to another founder 80%
Older than a year by non-portfolio founder
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There is a need for M&A or Law specialist for cooperation
Recommend to another founder 60%
Older than a year by non-portfolio founder
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Huge success with some companies gives them an unnecessary cocky attitude
Pros
They have huge capital behind their back as well as a lot of huge success stories. VC is just one leg of the groups business.
They can find good synergies for their portfolio companies if they are motivated enough.
Cons
The success and magnitude of their group makes them cocky at times. Both I and other founders got a feeling from them that they are making clear to founders that they are the ones who has the cash in this relationship.
Also, I was in touch with them multiple times during the development of our business. Multiple times they didn't follow-up on meetings and with steps they promised to do. They ghosted me at times.
Generally, I had a feeling that they were passing me like a hot potato among the members of the team.
Advice for management
Pull your head out of your ass guys, seriously
Recommend to another founder 80%
Older than a year by portfolio founder
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Ambitious regional P/E with VC arm
Pros
High ambition
Value-add team
Cons
Unclear vision (VC vs P/E)
High employee turnover
Advice for management
Make VC stand out from the P/E activities
Recommend to another founder 80%
Older than a year by non-portfolio founder
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Professional approach, speed, clear conditions. However, offering ultralow valuation on purpose.
Pros
Speed and transparency
Cons
Trying to decrease the valuation artificially
Advice for management
Don't push too much on the valuation