Wilson

Bill Gurley wrote an incredible post yesterday titled On the Road to Recap: Why the unicorn financing market just became dangerous … for all involved . It’s long but worth reading every word slowly. I saw it late last night as it bounced around in my Twitter feed and then read it carefully just before I went to bed so the words would be absorbed into my brain. I read it again this morning when I woke up and I expect I’ll read it at least one more time. I just saw Peter Kafka’s summary of at at Re/code (We read Bill Gurley’s big warning about Silicon Valley’s big money troubles so you don’t have to ) and I don’t agree. Go read the original post in its entirety. ...

Last week, I joined the board of a new non-profit called Path Forward which has a mission to get people back to work after they’ve taken time off for caregiving. Specifically, Path Forward works with companies to create mid-career internship that are an on ramp back to the paid workforce. Andy Sautins (at the time Return Path’s CTO) and Matt Blumberg (Return Path’s CEO) came up with the idea two years ago . After running two cycles at Return Path , they expanded it to other companies including ReadyTalk, SendGrid, MWH Global, SpotX, and Moz . ...

After spending most of the day at littleBits yesterday, I finished it with an annual tradition that is one of my favorites. At 6:45pm Amy and I met Joanne Wilson , Fred Wilson , Matt Blumberg , and Mariquita Blumberg at Marea for dinner. Fred and I are both on the board of Return Path , the company Matt has been running since he co-founded it in 1999. For over a decade, we’ve been having an annual dinner as a group when Amy and I are in NY, usually in the fall. ...

Some of my favorite VC posts are ones that say what the VC posts that say what the VC thinks about how it all works. And – importantly – how it impacts the entrepreneur, his choices, and the dynamics between the entrepreneur and the VC. Fred Wilson does this regularly. For example, see his post today on Valuation vs. Ownership . My partner Jason Mendelson does the same. See his recent post The “VC Bargain”. Of course, Jason and I aspired to do the ultimate version of this in our book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. ...