I recently connected with one of the founders in our portfolio. A company where he worked two start-ups ago was sold. He got his check last year. His personal take, which he humbly whispered to me, was $5 million. I asked him what he did with the money. I expected to hear about a new
I don’t think there’s a lot that business school can teach start-up founders. But, there is one particular lesson I think is valuable: managing culture and conflict. Here’s what I mean. When I arrived at Harvard Business School, my classmates and I were automatically assigned to one of nine “Sections” (I was in Section F).
I recently was reading email in my parked car. A car pulled up near me. A young and pretty woman got out. Pale and thin, she looked tense. An older woman had driven her. She looked very sad. They started unloading a few plastic bags of clothing and children’s toys. It wasn’t much. The young
Last week, I had a hope-filled day. I spent all day meeting with entrepreneurs. I met founders from all over. I started in the morning meeting start-up folks from Europe: Estonia, Paris, Spain, and London. In the latter part of the day, I then met with a new team from our local area here. In
In a previous life, I was recruited for a young company in Seattle. I would report directly to the CEO. One of my earliest encounters with a VC was during this time, when he called me at home to recruit me to the company. That company was Amazon.com, the CEO was Jeff Bezos, and the VC