Brad Feld Tweeted this morning about a blog post his father wrote (more here). I found it inspiring. Some members of the Feld family get together every year. He writes: Our private Chitaugua took place August 23rd-26th. Each of the 6 of us had 2-3 hours to talk about anything we wanted. During that time there
Post Script: The Broke Entrepreneur from Europe
It’s not often that I empty my wallet to help someone out. I’ve written in the past about such a time, when an entrepreneur from Estonia was nearly broke (read “Entrepreneurship Is Hard”). He was sleeping on people’s couches. Well, I reached out to him to get an update. Unfortunately, he did have to move
Venture Capital As a Team Sport
As I’ve written many times, Kepha is an equal partnership for its investing partners. Eric and I are equal in terms of economics and voting (read “How VCs Are Paid” for how firms allocate compensation). We do this because we think VC is best played as a team sport. As equal partners, we have an
Seed “Party Rounds” Not Much Fun
For a bit of time, seed financing rounds involving many investors were the rage. Here’s a recent TechCrunch article that highlights the downside of the “party round” approach (click here). Here is an excerpt: Counter-intuitively, Party Rounds are not much fun for founders. In fact, this type of structural round can be extremely detrimental….The risk
To the New TechStars Cambridge Class, Yo
Congratulations! You are part of a truly elite group. Not only does the program brand you, but Katie and Reed are some of the most thoughtful and connected people in the whole ecosystem. Such high integrity. You’re in great hands. Members of our firm have been Mentors since the program’s inaugural class, and we look
A Parent’s Death and Entrepreneurship
Maybe it is a coincidence, but I recently had two meetings with different entrepreneurs. Each had a father who died very young. Their mothers in turn changed their lives to care for young children as a single parent. One mother cleaned hotel rooms. I don’t know if these life-changing events put these folks on the