I met up recently with Akhil Nigam, one of the founders of MassChallenge. You may have heard of this incubator. This year, over 1,200 entrepreneurs from 34 countries applied to be among the 125 companies that MassChallenge hosts. What most people don’t know is that Akhil and his co-founder left very lucrative positions at Bain
A Founder’s “Opportunity Cost”
I recently caught up with a friend of mine. He has raised a few rounds of VC money, and his start-up is making some progress, but isn’t a rocket ship. They run out of money soon, and he doesn’t think he will be able to attract a new VC to the syndicate. He asked me
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.
A Morning Bike Ride
We are about to finish a two-week vacation on Cape Cod. One of my favorite things to do is to get up at dawn and go for a long bike ride. There’s something rejuvenating about biking in the coolness of a summer’s dawn, with only the sounds of awaking birds and the rhythmic whir of