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Telegraphing

A VC: Musings of a VC in NYC

I recall when my partner Brad and I were raising our first USV fund, back in 2003, and potential investors wondered about my blogging habit. They asked if I was making a mistake telegraphing our investment thesis for everyone to see, including our “competitors.” And that turned out to be the case. And she explains why.

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Rustic Canyon Speaks out on GaiKai Exit, Changing Nature of VC, LA Tech & More

Both Sides of the Table

And no wonder, lately he and his partners are on a tear, investing out of their $200+ million VC fund. They recently exited their investment in Gaikai for $380 million while their rival OnLive (who had raised > $200 million) just went through bankruptcy. I’ve laid out my policy on seed investing pretty clearly and publicly.

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

Both Sides of the Table

I’ve seen friends (and family members) lose much of their savings that way over the years because “Black Swans” happen and in 1987, 2001, 2003 & 2008 (just to name a few from my memory) huge market gyrations caused much financial distress to people seeking short-term gains. So, too, investments.

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Keeping It Simple

A VC: Musings of a VC in NYC

Investing is humbling. At 60, with 35 years of venture investing experience, I still get most things wrong. I bought Bitcoin and went about finding a Bitcoin investment to make. I met Mena Trott at a Nick Denton party in NYC in 2003 and she explained blogging to me. We publish our investment memos for the world to see.

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A $30B Software Company from a $15m Investment

Tomasz Tunguz

A former venture capitalist, Mark Leonard started Constellation in 1995 with $15m of outside investment & a goal of buying vertical software companies with a moat & good unit economics. From 2003 to 2014, Constellation’s revenues compounded from $80m to more than $5b, an average of 25% annually.

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Get to Know Richard de Silva of Highland Capital

Both Sides of the Table

Are you thematic in your investing or entrepreneur focused? (11:40-14:15). In 2003 one of their first investments was Qiigo, Mike Yavondite’s company. Highland has been around for 22 years currently investing the 8 th fund which is $400 million. The in invest in IT (Software + Internet + Healthcare). 11:40-14:15).

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Tattoos and YCombinator Demo Day

This is going to be BIG.

It was June of 2003. At least if you and some Silicon Valley VC get inked up in one of the breakout rooms, you can get it removed more quickly than you can get out of an investment relationship. If you don't put in enough time to think about the investors you take or the investments you make, you're bound to regret what you picked.

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