Mobile is “hot” again. I have been meeting with a lot of entrepreneurs in the space. Very few are making money. The average paid mobile app earns only five dollars a month. Yesterday, I met with an entrepreneur who has an app in the top 20% in the App Store. He makes about $1200 a
Category: Technology and VC
Series on Trust: Partners and (or vs.) Non-Partners
This is the fifth and last blog post in a series on trust. I’ve written in the past about trust between a VC and an entrepreneur (“When Entrepreneurs and VCs Break Up”), between a VC firm and its investors (here and here) and among Partners in a VC partnership (“When VCs Divorce”). Today, I’ll write
Series on Trust: When VCs Divorce
This is the fourth post in a blog series on trust. I previously wrote about how trust is critical in the VC-entrepreneur relationship (“When Entrepreneurs and VCs Break Up”). I also wrote two posts on trust between the VC and his investors (the “LPs”), looking at the relationship from each party’s perspective (the posts are
New Investment: Shareaholic
We’re really excited to announce that we led a Series A investment in a company called Shareaholic, which reaches 270 million users a month. More details in this Tech Crunch article.
“You’re Crazy”
People used to think we were crazy. Not many do now. Let me explain. Recently, my partner Eric and I met up with one of our major investors, to update them on what we’re up to. This is is a very large institutional investor with a sophisticated view of the world. They told us they
Series on Trust: The VC and His Investors
I’ve been writing a blog series about trust. I started with a post on how VC is a “trust business” and I highlighted why trust between an entrepreneur and a VC is important (more here for a post on “When Entrepreneurs and VCs Break Up”). Last week, I wrote about why investors (called “LPs”) in VC