October, 2012

Agile VC

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Why Average VC Returns Don’t Really Matter

Agile VC

The VC industry (both the GP part and the LP part) pays attention to the sector’s returns, but the broader tech ecosystem only occasionally tunes in. Typically it’s when Cambridge Associates releases their benchmark data on the VC asset class ( here’s a 2010 example article from TechCrunch ) or an organization like the Kauffman Foundation publishes a white paper ( a 2012 example article from Business Insider here ).

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Tacking Towards Founder

Agile VC

I had the pleasure of giving a talk on entrepreneurship at UPenn last week, which happens to be my alma mater. I’m always thrilled to speak with undergraduates who are interested in startups. One of the most common questions I get is “What’s the best career path to becoming a founder someday?” The very short answer is that most people who are ultimately founders (or usually co-founders ) of a company “tack” towards that goal in a series of career steps.

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