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
Category: Technology and VC
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
The VC Bottleneck
I’ve attended recently a number of accelerator events. I’m struck by how much smaller the crowds are. The bloom is definitely off the seed rose. You’ve heard about the Series A Crunch, that there is very little money available to fund post-seed companies, that this is a cash problem. My partner Eric Hjerpe views it
The CRV Manifesto and Being ‘All In’
I read about Zendesk’s recent IPO and texted congrats to my friend Jon Auerbach, who is at CRV, the firm that was the lead investor. I also checked out the CRV web site. I was totally blown away by their Manifesto. First, very, very few firms articulate and then publish their values (we have an