Pioneering Women in Venture Capital: Kathryn Gould

Steve Blank

Kathryn has been the founding VP of Marketing of Oracle , a successful recruiter, a world class Venture Capitalist, a co-founder of a Venture Capital firm, a great board member, one of my mentors and most importantly a wonderful friend. So I started Foundation Capital in 1995.

A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

In January, Jerry Neumann wrote a long and detailed analysis of his view of the VC industry in the 1980’s titled Heat Death: Venture Capital in the 1980’s. The key reason for the explosion in capital flowing into the industry, and therefore the large increase in practitioners, had nothing to do with 1970’s performance, early stage investing, or technology. Continental Capital*. $ 250,000. KPC&B II. $ 775,000.

Trending Sources

It’s Not Easy applied to Venture Capital

K9 Ventures

If you’re even remotely connected to the “industry” of Venture Capital, you need to read Howard Marks’ It’s Not Easy memo. Pattern matching in venture capital may work for figuring out how to build companies, but it is less likely to work for ideas.

Venture Capital Market Analysis

Design Staff

In March of last year, our GV engineering team analyzed market data to assess whether or not the tech industry was experiencing a bubble… Continue reading on GV Library

NovoED MOOC on Raising Venture Capital

Feld Thoughts

I’m spending the new two days filming the content for a MOOC on raising venture capital. The content is based on my book with Jason titled Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. Several of my friends have done courses, including Chuck Eesley , a professor in Stanford University’s Management Science & Engineering group. The post NovoED MOOC on Raising Venture Capital appeared first on Feld Thoughts.

Eureka! A New Era for Scientists and Engineers

Steve Blank

Silicon Valley was born in an era of applied experimentation driven by scientists and engineers. The combination of Venture Capital and technology entrepreneurship is one of the great business inventions of the last 50 years. Lean LaunchPad Teaching Venture Capital

Will Google Ventures Disrupt Venture Capital?

OnStartups

They’ve taken the classic venture capital playbook and out-executed just about everyone. Google Ventures , a co-investor alongside Sequoia in HubSpot’s series D, is one such firm. 6 Ways Google Ventures is Attempting to Disrupt the VC Industry.

Product Idea: Reverse Engineering VC Investment Strategies

A VC : Venture Capital and Technology

Venture capital firms don’t do a great job on their websites of explaining what they invest in and what they do not invest in. And I think entrepreneurs who are going out to raise capital would find it incredibly valuable. The other day I found myself on a VC website. I went to the portfolio page, looked at all of their investments and from that inferred what that firm’s investment strategy was by sector, stage & geography.

Engineering a Regional Tech Cluster-part 3 of 3 of Bigger in Bend

Steve Blank

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Part 2: Early-stage Regional Venture Funds. Part 3: Engineering a Regional Tech Cluster. Local Early-Stage Risk Capital.

The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. But now there is evidence that venture-backed start-ups fail at far higher numbers than the rate the industry usually cites. About three-quarters of venture-backed firms in the U.S. backed by venture capitalists. Engineering & Accounting Svcs. Facebook.

Changes in Software & Venture Capital – Part 2 of 3

Both Sides of the Table

Yesterday I wrote Part 1 of the series on the changes to the software industry over the past decade that has led to changes in the venture capital industry itself. Or at least venture-style returns. Not to mention providing the capital for growth.

Harvard's Go-To Venture Capital Firm

Inc Startups

The Experiment Fund, NEA's seed-stage venture capital firm, set up shop on Harvard's campus to catch young, entrepreneurial talent early. So out of NEA he spun out the Experiment Fund, a seed-stage venture capital firm, and set up shop on Harvard's campus.

Mentors, Revenue Based Financing, and Misperceptions About Venture Capital

Ask The VC

Roger Ehrenberg (IA) writes about mentors in his post Mentors: an essential engine for growth. It’s an advertorial for Andy’s firm Lighter Capital but is a really good explanation of how revenue based financing works. Charlie O’Donnell (First Round Capital) wraps up our posts of the day with a dynamite one titled 10 Misperceptions About Venture Capital.

Reverse Engineering a Career

This is going to be BIG.

He was interested in venture capital and was a year away from graduation. I realized that a position at Union Square Ventures was going to be open in a year and that he had a terrific chance of getting it. It was an exercise in reverse engineering. Some product managers might be more technical, working on feature requirements and interfacing with the engineering team, while others might be more like brand managers who are the GM of their brands.

Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. See we have JPL that designed the rockets that put men on the moon in the first place and Caltech, one of the two most prestigious engineering universities in the country. startup venture-capital

The Yin and Yang of Product and Engineering

A VC : Venture Capital and Technology

For a tech company, product and engineering are the heart and soul of the business. When I do a quick mental query of headcount across our entire portfolio of ~30 companies, I think at least 50% and maybe as much as 60% of the entire headcount of our portfolio is in either product or engineering. The engineering person builds the product or manages the team that builds the product, or both. Other issues start cropping up and the engineering team has to focus on them.

It’s About Women Running Startups

Steve Blank

Just before the holidays I had coffee with Anne, an ex MBA student running a fairly large product group at a search engine company, now out trying to raise money for her own startup. Michael Bloomberg has yet to get his due for engineering the New York entrepreneurial ecosystem.

Venture Capital Deal Buzz: Grubhub

Recent Buzzes - VC Experts, Inc.

The company was founded in 2004 when software engineers Matt Maloney and Mike Evans became frustrated over a lack of comprehensive food delivery sites. Venture capitalists are hungry for a piece, too. million cash infusion came from Origin Ventures in 2007. GrubHub rounded up $2 million more in 2009 from Leo Capital Holdings, Amicus Capital and Origin Ventures and topped that off with an $11 million Series C round in November 2010.

Girls Who Code

A VC : Venture Capital and Technology

At The Academy For Software Engineering (AFSE), we use a "limited unscreened" model to accept students. hacking education Venture Capital and Technology I feel badly for Paul Graham because he's being made out to be something I am sure he is not.

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What Do I Do Now? The Startup Lifecycle

Steve Blank

Venture-backed startups will often have a Series C or D or later rounds during this phase. He was going to have build into his organization training, hiring standards, sales processes and compensation programs, all the while engineering a culture that still emphasized the value of its people.

10 Reasons For Joining The New Startup Wave Now

Startup Professionals Musings

Conglomerates, which were the engines of growth and vitality in the twentieth century, have proven themselves unable to innovate, and have a tarnished public image due to financial woes and poor management. angel investors business entrepreneurs startup wave venture capital

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Duck Duck Go Passed 1mm Searches Per Day

A VC : Venture Capital and Technology

But it may also be that other search engines are doing things that some users don't approve of and those users are shopping around for a new search engine. Try DuckDuckGo: the friendly search engine (zaddymanlib.wordpress.com). Venture Capital and Technology Web/Tech

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Why Uber is The Revenge of the Founders

Steve Blank

A CEO brought in from a large company came with all the big company accoutrements – org charts, HR departments with formal processes and procedure handbooks, formal waterfall engineering methodology, sales compensation plans, etc. In this business environment, hiring a new CEO who had experience growing a company around a single technical innovation was a rational decision for venture investors. Filed under: Venture Capital. Venture Capital

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NYU Poly Speech

A VC : Venture Capital and Technology

A few weeks ago I hopped on the subway and headed out to downtown Brooklyn to NYU Poly, the engineering school that recently merged with NYU. Here's what I had to say (15 mins): NYC Venture Capital and Technology

How Well Do You Take A Punch?

A VC : Venture Capital and Technology

I have seen engineers get things built in a week that might take a quarter under normal circumstances. Venture Capital and TechnologyI was talking to a friend who has been displaced because of Sandy. They are struggling to get back to their daily routine and it is hard living out of a suitcase without access to the things they rely on from day to day. I was talking to the CEO of a company whose business was negatively impacted by Sandy.

Bigger in Bend – Building a Regional Startup Cluster–part 1 of 3

Steve Blank

When Customer Development and the Lean Startup were just a sketch on the napkin, Dino Vendetti, a VC at Bay Partners, was one of the first venture capitalists I shared my ideas with. Part 2: Early-stage Regional Venture Funds. Part 3: Engineering a Regional Tech Cluster.

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“Lessons Learned” – A New Type of Venture Capital Pitch

Steve Blank

Tell the Story of the Journey The company got to a point where additional capital was needed to expand just to keep up with the business (a warehouse/shipping center collocated with UPS, etc.) Lessons Learned” – A New Type of Venture Capital Pitch [.]

How Investors Make Better Decisions: The Investment Readiness Level

Steve Blank

Other than measuring engineering progress, there’s no standard language to communicate progress. Achieving company milestones associated with the next level on the Investment Readiness Level framework is directly relevant to the capital-raising process.

When Hell Froze Over – in the Harvard Business Review

Steve Blank

There was nothing suggesting that startups and new ventures needed their own tools and techniques, different from those written about in HBR or taught in business schools. “I refuse to join any club that would have me as a member.” ” Groucho Marx.

The Twitter "Patent Hack"

A VC : Venture Capital and Technology

The insurgent, three engineers in a walk up in Bushwick, can't even afford the lawyer or the time to file a patent. Many years ago now, my prior venture capital firm, Flatiron Partners, invested in a company called Thinking Media. I'd like to thank Twitter's leadership team, especially the legal and engineering teams, for coming up with such an elegant and simple solution to this thorny problem. Venture Capital and Technology Web/Tech

What's Wrong With Sensationalist Media

A VC : Venture Capital and Technology

Not interested in The Academy For Software Engineering , HackNY , TechStars NYC , or Angel List , which is where the money seems to be flowing (ie back into the startup ecosystem) but instead interested in suits for tech entrepreneurs. NYC Venture Capital and TechnologyCheck out this email I got from a major media company this past week: I was just talking to my boss about New York's tech scene and the types of stories I should go after. He

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Starting and Finishing

A VC : Venture Capital and Technology

The quick pivots, the exhausting product/engineering sprints, the rapid fire innovation, the missionary zeal, etc work so well in the early days but they get old quickly and they don't scale. entrepreneurship management Venture Capital and Technology AVC regular Donna White posted this to her Tumblr yesterday: I'm a crotchety old guy. I worry about all these new companies.

Indeed

A VC : Venture Capital and Technology

Brad had been looking for a search engine for jobs and I saw this post on John Battelle's blog in late 2004. An engineering team that has kept the service up with literally no down time that I can ever remember. Venture Capital and Technology Web/TechThe first great investment we made at USV was Indeed in the summer of 2005. I forwarded it to Brad and he reached out to Paul and Rony. It took two tries before we could convince them to take our money.

Want To Be A VC? Start A Company.

A VC : Venture Capital and Technology

They would learn how a founding CEO turns their money into a company which becomes a learning, execution and delivery engine. Venture Capital and TechnologySteve Blank has a great post up on his blog suggesting that VCs should require startup CEO experience in their partners' resumes. He quotes from me in that post but I'm not going to state which one came from me. You can guess if you want. You might be surprised to know that I agree with Steve.

Startup Communities – Building Regional Clusters

Steve Blank

He then busts the myths clusters tell themselves; “lets be like Silicon Valley” and the “there’s not enough capital here.”. As venture capital exists to service startup when great startups are built investors will show up.”

The Helsinki Spring

Steve Blank

—— I was invited to Finland as part of Stanford’s Engineering Technology Venture Program partnership with Aalto University. Startup Accelerators: Startup Sauna and Vigo which includes Lifeline Ventures , KoppiCatch , and Veturi. 9-to-5 Venture Capital.

Hobbyists

A VC : Venture Capital and Technology

In the post Chris lays out three constituencies to the startup economy; business people, engineers, and hobbyists. Venture Capital and TechnologyOne of my favorite posts in the past month came from Chris Dixon. It is short and sweet, just the way I like a blog post. And he makes the point that hobbyists are a great lens through which to see the future.

Profitable: To Be Or Not To Be?

A VC : Venture Capital and Technology

Instead they invest heavily in the business with the expectations that those investments will produce more revenue (by hiring salespeople), or additional products (by hiring engineers and product managers), or additional geographies (by hiring an international team), or any number of other value enhancing aspects of the business. stocks Venture Capital and TechnologyMark Suster has a great post on this topic.

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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

The downside is that with so much venture and angel capital available, investors have been willing to fund the 10 th Groupon clone. Though they’re familiar with technology in the valley, I picked up some important cultural difference from students and startup engineers I talked to.

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Venture Capital Deal Buzz: Box.net

Recent Buzzes - VC Experts, Inc.

Venture capitalists have their heads in the clouds. Over the past year, cloud-storage startups have collected round after round of venture backing at increasingly rich valuations, and they're showing no signs of slowing down. million in venture backing across six rounds. Venture Partners, and new investors Andreessen Horowitz and Emergence Capital Partners. Venture; that round valued the company at $66.5 By Erin Griffith - Contributing Editor.