The End of Management
An important article appeared in the WSJ over the weekend called “The End of Management”. [apologies in advances if they kibosh the link; trust me, it was epic] The basic thesis is that given decreases...
View ArticlePower vs. Influence
Earlier in my career I worked at a large private equity firm (in my view, one of the great ones: Bain Capital), and for the last 13+ years I’ve worked in early stage venture capital. Those two ways of...
View ArticleQuora and the Merits of Shark Jumping
All ur commentz are belong to uz Like most professionals who give some thought to their online profile, I’ve spent some time on Quora in my fields of interest. I’m not a ninja at it, like Suster and...
View ArticleReaction to VC’s Are Not Your Friends
First, read this post. A couple of my close friends, Mark Solon and Roger Ehrenberg, have tweeted this article with the endorsement MUST READ. I’m as much (or more) of a fanboy of Steve Blank as...
View ArticleTired of Self-Hating VCs
This post was stimulated by a tweet i read over the weekend, by a VC I won’t name because I don’t know him, and he has a very good reputation for being a nice guy. His tweet read: “I’m really not sure...
View ArticleOrthogonal Feedback
source: http://rmstar.blogspot.com I was meeting with some entrepreneurs last week, a terrific young team with an interesting company, and we were discussing their business. About halfway in, I said...
View ArticleSeed Investing and Paper Lanterns
I have a friend who lives high up in a building, and has a terrace, and likes to set off Chinese paper lanterns late at night. The aerodynamics are such that the wind flows up the side of the building...
View ArticleThe End is Near (ish)
There is an article making the rounds (link: here) forecasting a drought in late stage fundraising coming soon: “When? Perhaps as early as three months from now. Surely no later than six.” As...
View ArticleJob Creationism
I started my investing career doing leveraged buy-out deals at Bain Capital, working directly for Mitt Romney and his then small group of partners. I left in 1997 to start my own venture capital firm,...
View ArticleRace to the Bottom
I’d like to think that the vast majority of the investments we make are in companies whose products and services are not commodities, and not subject to the brutal forces of commoditization. In those...
View ArticleDear startups, focus on the steak, not the sizzle
Originally published by TechCrunch. Everything was so much simpler before the Internet. Back then, the VC world was neatly divided into IT and Health Care, and the whole rest of the...
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