Where Do Venture Capital Dollars Actually Come From? This Visual Explains
OCTOBER 29, 2014
Most folks reading this will know that many startups were built in part with the help of venture capital. Click the image to view a larger version.).
JUNE 17, 2015
I’ve observed what may be an emerging trend, at least in some startups, that I find somewhat unsettling. It motivated me to do the same.
Not Everyone Is “Killing” It: How & When to Admit It
JANUARY 21, 2015
Note: This post also published at NextView’s blog for seed stage companies The View From Seed. The Power of Perception . billion. Do No Harm.
Seduced By Growth, But Terminal Scale Still Matters
JANUARY 13, 2016
We’re off to a fresh start here at the beginning of 2016. What happened? A realignment of valuations by late stage investors?
Square IPO: Is Square A Good Payments Business?
NOVEMBER 9, 2015
Square filed its S-1 several weeks ago and is now in the middle of its IPO road show process. This was clickbait at best or bad journalism at worst.
Introducing Growth Guides – Practical Help for the Seed Stage
MAY 15, 2014
We’re launching a series of platform initiatives here at NextView in 2014. Today we’re pleased to announce the first in a series of Growth Guides. What’s a Growth Guide? Well our focus here at NextView is helping exceptional seed stage companies get things off to the best possible start.
Alibaba S-1: Sizing Up A Giant
MAY 7, 2014
As I’m sure you’ve heard, Alibaba officially filed to go public yesterday. Just How Big Is Alibaba? the UPS, FedEx, DHL equivalents).
Alibaba S-1: How Well Do They Monetize?
MAY 22, 2014
Today I’m going to analyze monetization across Alibaba’s various businesses. stocks inventory) and is really more analogous to Amazon.
What TAM Really Means
FEBRUARY 12, 2014
It’s well known VC’s love markets that are huge in size, but what’s sufficiently big for a market to be attractive to VCs? It starts with an honest appraisal of TAM. TAM = ”Truly” Addressable Market –> Wikipedia would have you believe that TAM stands for total addressable market. Uber, AirBnB).
Autonomous Vehicles: Can You Get There From Here? (Part 2)
OCTOBER 3, 2016
This is the 2nd post in a series about self-driving vehicles and it explores how autonomous cars could become a reality. and more. Ch-Ch-Ch-Changes.
Angel Investing: Know (What Motivates) Thyself
DECEMBER 19, 2013
I was recently talking with another member of LinkedIn’s founding team. It’s been awhile since we worked together on a daily basis so a lot was just general catch up, but one of the primary reasons for our chat was that this person was starting to become a more active angel investor and was just looking for feedback.
The Rise & Fall of Great Venture Firms [Part 1] ? AGILEVC
JULY 11, 2012
NextView's still in its infancy
Mobile Payments: The Trillion Dollar Industry That's Never - AgileVC
JUNE 12, 2012
Mobile payments are the trillion dollar industry that everybody's been waiting for but has never materialized.
Should Apple Buy Hungary?
FEBRUARY 28, 2013
increasing dividends or issuing preferred stock). But in all seriousness, what should Apple do with a massive and growing pile of cash?
The End of ?Internet? Companies ? AGILEVC
MAY 23, 2012
Change Collective: Helping Create A Better You
JANUARY 22, 2014
Change Collective announced their seed round today , in conjunction with their broader launch of the company. I thought I’d share a little of what makes us enthusiastic to partner with Ben, Derek, and their team to help them as they build their business. I first met Ben about 5-6 years ago.
The Difference Between Apple & Facebook ? AGILEVC
JUNE 5, 2012
In 2011 Facebook paid out $1.4 billion to developers and
Farmeron ? Why SaaS for Cows is Incredibly Exciting ? AGILEVC
MAY 10, 2012
Farmeron announced the closing of its $1.4M seed round today.
First Mover Fallacy
MAY 13, 2013
When we meet with entrepreneurs and ask about their competitive advantage or special sauce, one of the common responses is first mover advantage. ”We’re the first company to do X in an rapidly growing market” or similar. First Movers. Atari (home video game consoles). Twitter (microblogging). Amazon (e-commerce).
Running a Startup Board Meeting
SEPTEMBER 19, 2012
There’s a lot of good suggestions out there for how early stage startups can approach (or improve) board meetings. Some of my favorites are from Brad Feld (also this one from him ), Andy Payne , and Steve Blank. All three have perspective as both entrepreneurs and as investors / advisors in the startup board room. single slide board mtgs).
Microsoft, Near Death, & Enterprise Cloud
SEPTEMBER 3, 2013
browsers). And Microsoft’s Azure strategy has given it a strong position in public and private cloud computing. Want names?
The Future of Internet & Cars
JUNE 24, 2013
Ferdinand Porsche’s electric car, circa early 1900s. But to me infotainment is really just a small part of the internet connected car story.
There Is No Subprime Model for VC
JULY 24, 2013
I was having breakfast this morning from someone I know from the LP world. payday lending). see Note 1 below re: subprime crisis of 2008-9].
Our Investment in SkyVu / Battle Bears – Taking Mobile Games Into New Territory
AUGUST 14, 2012
We’re pleased to announced NextView’s investment in SkyVu Entertainment, along with Lightbank and angel investors.
The $100M+ Club: A New Universe of Buyers ? AGILEVC
MAY 21, 2012
For the last 5-7 years the universe of potential acquirers web-based businesses has been fairly concentrated.
Small Tablets Are Further Atomizing Ubiquitous Computing
JANUARY 31, 2013
I’ve been enjoying my iPad Mini for a couple months month now. So what are the distinctions? quick emails), etc.
Why VC’s Don’t “Crossover” Invest
DECEMBER 6, 2012
I was talking with an entrepreneur recently about this phenomenon. Why is this? Why wouldn’t Fund IV invest at this stage?
Putting Twitter’s IPO in Perspective
NOVEMBER 6, 2013
As many of you know, in the past I’ve done a series of posts deconstructing the S-1s of VC-backed internet startups going public.
Ubiquitous Computing and the Misguided Frenzy About “Mobile”
AUGUST 1, 2012
i*Pad [eye- pad ] noun – a $700 version of Words With Friends. First the enthusiasm. So what about the skepticism? So what about consumers?
Why Average VC Returns Don’t Really Matter
OCTOBER 23, 2012
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. And to be fair, the sector overall has done poorly in terms of returns in the last 10-12 years despite the fact that some funds (both established and new) have done very well.
Great Companies and the Teams IN FRONT of Them
APRIL 2, 2013
It occurred to me that we usually refer to entrepreneurs associated with a startup as being “behind” the company or phenomenon. As in Mark Zuckerberg, the Harvard drop-out behind Facebook or so-and-so, the folks behind startup X. I mean this not simply as a paean for entrepreneurs.
The VC Shakeout: Are We There Yet?
NOVEMBER 13, 2012
[ This also appears as a guest post at PandoDaily ]. Over the weekend, I read Sarah Lacy’s PandoDaily article that the VC shakeout is taking too long. It’s rather thoughtful and definitely worth reading if you haven’t had a chance to yet. So what’s actually happening? Are there a bunch more shoes to drop?
When Does Zynga Become a Value Stock?
AUGUST 9, 2012
Draw something… other than this painful chart. Zynga’s faced a lot of pressure in the public markets recently. That much we all know.
The Unbundled Mobile Software Stack
JANUARY 3, 2013
I’ve been using Google’s Chrome browser on my iPad Mini for about a month now. There are several things I prefer over Apple’s Safari, including the bookmark and search history sync with my other Chrome usage (on laptop) and some small UI touches. As we all know the mobile ecosystems have remained mostly walled gardens to date.
FEBRUARY 20, 2014
Like most folks in the tech ecosystem, I’m still slightly slack-jawed this morning by the announcement late yesterday that Facebook is buying WhatsApp for approximately $19 billion in total consideration. As a thought exercise though I thought I’d try to put the valuation in perspective. This works out to $5.25 billion for it.
The Imperceptible, But Very Real Boom
OCTOBER 1, 2013
I believe we’re going to look back in 2-5 years and realize that we’ve been in a once a decade boom for internet & software startups. It doesn’t feel much like a boom actually. In the tech sphere, a good bit of air was let out of the tires when the hype around some consumer-facing internet companies proved transitory.
Tacking Towards Founder
OCTOBER 5, 2012
I had the pleasure of giving a talk on entrepreneurship at UPenn last week, which happens to be my alma mater. Non-profits and public policy (e.g.
Making Good Decisions Still Means You're Sometimes Wrong.
DECEMBER 13, 2011
Making Good Decisions Still Means You're Sometimes Wrong. December 13, 2011. One of the hardest things for me as a VC remains telling entrepreneurs I like and respect that we're passing on their investment round. I often tell these
Our Investment in Cloze ? AGILEVC
JUNE 25, 2012
Today Cloze has started to talk more publicly about their funding and also is starting to open their product more broadly.
Boston Startup Talent: Leaky Bucket or Everlasting Spring?
JULY 16, 2014
In fact I introduced Plastiq CEO Eliot Buchanan to my former PayPal colleague Keith Rabois at Khosla.