Over the weekend, the extended family gathered together to celebrate a milestone birthday for my father-in-law, Larry. I feel very fortunate to write that he is an amazing person and has been a wonderful role model for me. Honestly, I was pretty nervous before meeting him. As I courted my girlfriend-now-wife, I over time heard snippets
Author: Jo Tango
Israel, Gaza and Ethics
“Who is right, Israel or Gaza?” one of my children asked. “Well, it is complicated,” I said. The two of us were out for a quick dinner of tacos and summer ice cream cones. We had a very interesting discussion about the recent events in Gaza and what gave rise to the conflict. The more
Our VC Firm’s Compensation Structure
We often receive word from an awesome person who wants to join our VC firm. For example, I today received an email from someone offering to join as an Associate and to do so without salary. It’s a very kind offer, but Kepha is a partners-only firm. And, we are an equal partnership for the investors.
What’s Your Start-Up’s Valuation Inflection Point?
When you start a company, you step out into the void. It’s all on you. Building a company is not the same as building a product (as CRV’s Izhar Armony says in an awesome interview here). The former is much more difficult, and in the end, requires a deep management team and significant capital to fund.
Keep Going and Go Public
I really enjoy Fred Wilson’s blog and read it avidly. Recently, he wrote about the importance of having enough capital as a VC to invest in multiple rounds, and also, having the guts to lead an inside round in your winners. I completely agree, given the payoff structures that exist for start-ups. What’s always been
Being a Contrarian
Red Sox owner John Henry, who runs a hedge fund, recently talked about baseball trades. He think the best trades are the ones the fans don’t like. In other words, they are contrarian moves. All this made me think about entrepreneurship. When do you hold vs. fold? Are you being unreasonable and, in fact, crazy