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The Changing Venture Landscape

Both Sides of the Table

And the loosening of federal monetary policies, particularly in the US, has pushed more dollars into the venture ecosystems at every stage of financing. We have global opportunities from these trends but of course also big challenges. how on Earth could the venture capital market stand still? Of course we can’t.

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What Everyone Should Take Away from Twitter’s 8% Staff Reductions

Both Sides of the Table

One of the points I tried to make is that as venture capital investors as an industry we seem to have a healthy disdain for public market investors. The truth is that Twitter is an amazing company and still has an amazing opportunity in front of it. I spoke at Michael Kim’s excellent annual Cendana VC/LP conference today.

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Why do you win?

This is going to be BIG.

When I first started in venture capital, back in 2001, I used to fund funds. I worked for an institutional investor that invested in both venture capital funds and later stage growth deals. Many of the reasons why someone had previous success might have to do with unique windows of opportunity that no longer exist.

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This Week in VC with @VCMike Hirshland of Polaris Ventures

Both Sides of the Table

This lasted from about 2001-2004. Since then Mike his built his career by investing in early-stage companies (seed or series A), which is remarkable given that Polaris Ventures is a $1 billion fund. Founded in Sunnyvale, CA in 2001. Current round: $10mm in Series E from Alloy Ventures, Lightspeed, and Walden International.

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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

An obvious example is Google who may have gotten less market attention if there would have been 8 well-financed competitors during the 2001-2005 timeframe. I see opportunities for disruption all around me and am meeting amazingly talented entrepreneurs. It’s what I love about entrepreneurship and about venture capital.

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Making Sense of the Stock Market Drops in Relation to Venture Financing

Both Sides of the Table

I saw a few friends politely suggesting that “now was a great stock buying opportunity” meaning that given the stock market is off by 10% it was a great chance to buy and lock in presumably low prices before the market rises again. And by this I assume he meant that “market prognosticator twitter” was vomitous.

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A look at six new funds begs the question: Is a slowdown really coming?

TechCrunch

At the same time, he added, “high interest rates may also increase the demand for venture capital when bank lending is less attractive to entrepreneurs.” Not only are these groups coming back to market faster, they are often raising bigger funds or additional vehicles, like opportunity funds.”