I’ve been meeting a lot of entrepreneurs these days who are thinking about whom to bring into a financing round. VCs call the group of funders a “syndicate.” Many of the entrepreneurs think of funding sources with an “either/or” mindset. Either they want to raise angel/micro-VC money, or they want to raise VC money. Personally,
Category: Technology and VC
VC & conflicts of interest
I had dinner a few weeks ago with some entrepreneurs, and it got me thinking about how a VC manages potential conflicts of interest. In short: does a VC give advice that is best for the entrepreneur or himself? To start, let’s talk about how a VC is a business just like any other. The
“Worst Parts of Being a VC?”
I read an interesting post on Quora, written by an anonymous author. He/she writes about the worst parts of being a VC. I disagree with many of the points, but I think it’s a POV that’s worth reading if you’re an entrepreneur. It’s relevant in case you get whiff of a re-org or compensation negotiations
VC arrogance: inevitable?
It was another beautiful day yesterday. Part of it for me was spent in Cambridge re-connecting over coffee with a rock-star entrepreneur. There we were, sitting outside and riffing about some fun topics. I like meeting with him because he is insanely sharp and speaks his mind. He stopped me in my tracks when he
24 hours in a VC’s life
John Brennan yesterday wrote a comment to my post “How to Get a VC Job,” asking if I could shed more details on how a VC spends his time. So, I thought I’d write about the past 24 hours of my life. A fun part of VC is that every day is different. You might
How VC “optics” can drive behavior
I know this sounds strange, but investment firms can have an incentive not to support their companies in future rounds, particularly if there are deep-pocketed co-investors who can do so. It may be part of that firm’s strategy, but also, it can make for some great optics. For example, one of our companies raised a Series
