I try to reflect more at year-end, and so, I thought I’d write here about our first year investing from Kepha’s Fund 2. We’re very grateful to our LPs for supporting us with another fund. We cut over to Fund 2 spring of 2012 and we’ve since made six seed investments. We plan on continuing that
Category: Technology and VC
Money and Arrogance
Business Insider recently published a story called “Silicon Valley Is Living Inside a Bubble of Tone-Deaf Arrogance.” It highlighted a number of incidents in the Bay area regarding wealth and the ensuing self-confidence it can create. I don’t know the people in the article, and I don’t want to judge them. But, I can write that
An Email Exchange at 11 p.m.
I was surprised last night at 11 pm to get an email from one of my CEOs. His flight was cancelled due to bad weather and he was going to have to bush-whack his way home on a train. He was also feeling pretty run down, he admitted. So, we emailed back and forth and
One Way to Think About E-Commerce Start-Ups
Now that e-commerce appears to be less hot, we’re increasingly looking at the category. As I’ve written in the past, Customer Acquisition Cost is a key driver of the business. Another thing we look at in particular is industry structure. Specifically, we look at the supply chain and try to see where the “fat” is
The Non-Linear Path of Start-Ups
Seth Levine wrote a great post today about how the path for many start-ups is non-linear. Highs and lows. Mad dashes and speed bumps. In it, he referenced a previous post he wrote about how it takes 10+ years to build a company. I found it to be very thoughtful and it really resonated with
The Disruption in Venture Capital
In the afternoon today, I went to Future Forward, the conference that Scott Kirsner puts on every year. He had a line-up of speakers, each of whom were given 10 minutes to talk about a weighty topic. A bit like TED Talks. There were a lot of great speakers. I enjoyed all of them and wanted