When you start a company, you step out into the void. It’s all on you. Building a company is not the same as building a product (as CRV’s Izhar Armony says in an awesome interview here). The former is much more difficult, and in the end, requires a deep management team and significant capital to fund.
Category: Technology and VC
Keep Going and Go Public
I really enjoy Fred Wilson’s blog and read it avidly. Recently, he wrote about the importance of having enough capital as a VC to invest in multiple rounds, and also, having the guts to lead an inside round in your winners. I completely agree, given the payoff structures that exist for start-ups. What’s always been
Being a Contrarian
Red Sox owner John Henry, who runs a hedge fund, recently talked about baseball trades. He think the best trades are the ones the fans don’t like. In other words, they are contrarian moves. All this made me think about entrepreneurship. When do you hold vs. fold? Are you being unreasonable and, in fact, crazy
Beer at 2 p.m.?
Last week, I really enjoyed meeting up with Kitt George, Dennis Keohane and M.E. Francis for a “Beers with…” video interview. I was supposed to do the inaugural one last spring, but I had given up alcohol for Lent. The clip is here. The New England Venture Capital Association (NEVCA) originated the idea, and I think it
My Thoughts on the Venture Capital Industry
One of our investors is updating his POV on the VC environment and reached out for my 2 cents. After thinking about it, I would describe my observations of VC with this headline: “steady as she goes.” Here’s why. Intra-firm dynamics have stabilized. I think the firms that needed to restructure pretty much have, as
Our Investment in Triblio
We’ve made seven investments out of our 2nd fund. We usually keep them under the radar screen until they’re further along or have product release close-at-hand. One in the latter camp is Triblio, which today announced a $3.4MM financing from Kepha, Longworth, and the management team. Here is a good article from Anthony Ha at TechCrunch. A