Tag

VC

Why The SBIC Doesn’t Work For Venture Capital Anymore

I woke up to an article in Daily Camera today titled Small Business Administration trying to bring SBIC funds to Colorado. There are so many things wrong in the article I felt compelled to write about it. This isn’t a knock on the writer (Alicia Wallace) – I like Alicia and think she does a…

How Can This Be A Billion Dollar Company?

I was in the bathroom this morning catching up on all the blogs (via Feedly) that I hadn’t read this week since my head was in a bunch of other things. I came across one from Nic Brisbourne (Forward Partners) titled I’m a stock picker. I wish he had called it “This Unicorn Thing Is Bullshit For…

Dear VCs: What Happens When Your Words And Your Actions Don’t Match

Almost exactly a year ago I wrote a post Your Words Should Match Your Actions. It was a generic rant that resulted from me watching a couple of VCs blow up their reputations with entrepreneurs I know because of how they treated them. This morning I ended up on an email thread about this. I’m going to…

When VCs Invest Together, Does Ability or Affinity Matter?

I woke up to a bunch of VC related things in my twitter stream this morning. I had a nice digital sabbath yesterday so I was a little surprised by how much there was. I tried cranking out a #tweetstorm of them using Little Pork Chop but I found the tweetstream experience to be very unsatisfying and…

Why VCs Should Recycle Their Management Fees

I’m an investor in a bunch of VC funds. Some of them recycle their management fees; others don’t. I’ve never really understood why funds don’t recycle their management fees. Understanding what “recycling management fees” means is a fundamental part of understanding the economics of a venture firm. Here’s how it works. Let’s assume a $100…

Learn Everything You Need To Know About Venture Capital in 90 Minutes

My partner Jason and our dear friend Professor Brad Bernthal are attempting to teach everything there is to know about the venture ecosystem in 90 minutes on January 28th.  The link to the event is here. Now realistically, you won’t learn everything, but they have been teaching a class on the subject for the past…

I’m A Talking Rubber Duck

Phin Barnes at First Round Capital just nails it today with his post To get the most out of your investors, turn them into rubber ducks.  Go read it – I’ll wait and will be here when you get back. I love Rubber Duck Debugging. I use this approach when writing, which I call “Writing with…

The Reputational Damage of Non-Responsiveness

VCs love to say things like “we are entrepreneur friendly.” It’s trendy, catchy, and looks good on a blog post. But, as I’ve said in my post Your Words Should Match Your Actions, one can “damage their reputations by having their words not match up with their actions.” Now – this post isn’t about responding to…

Your Words Should Match Your Actions

Over the past few months I’ve watched several powerful and successful VCs and entrepreneurs damage their reputations by having their words not match up with their actions. I think this is especially true in the context of a long term relationship. This is a deeply held value of mine and of my partners at Foundry…

The Power Of Honesty In An Entrepreneur – VC Relationship

Rajat Bhargava and I have been working together since 1994. We’ve been involved in creating seven companies together (the most recent ones are MobileDay and Yesware) and, while most have been successful, we’ve had a huge number of positive and negative experiences along the way. We’ve mostly had a lot of fun and, when we…