Many years ago, I co-led the first institutional round in Bit9, now known as Carbon Black, which went public this morning.
It’s official! We’ve kicked off Friday trading, ringing the opening bell for @Nasdaq in #NYC #IPO #CBLK #infosec pic.twitter.com/l8n5BZGReP
— Carbon Black, Inc. (@CarbonBlack_Inc) May 4, 2018
As I’ve written before, the road for VC funds is very long (link here). It really does take a long time to build a real business that involves real revenues vs. eyeballs, downloads or page views.
I left the Board when I started Kepha and can claim no inside knowledge of what I assume are the major ups and downs that happened along the way.
I am confident saying that there were ups and downs. There always are.
I did feel that the company was in good hands. I was able to sit on another Board with Carbon Black’s CEO, Patrick Morley, who is a very clear thinker and strong leader.
The VC Board members comprise a very impressive, experienced and knowledgeable group.
So, I hoped good things would happen to the company, particularly for the current employees and those from the original founding group. VCs are diversified, while management team members are not. When a company achieves scale, it is a joy to see.
I am very happy for the Carbon Black team and VC firms. A millstone of blood, sweat and tears buttresses every successful tech company, and I hope they get a chance to savor the moment.
Regardless, it made for a good morning to catch up with some of the earliest people at the company, including co-founders Todd Brennan and John Hanratty.