In a recent post I pointed out how autonomous the venture business can be. If that’s the case, then, who do I work for? Brad hired me and I spent several years working directly for him (i.e., supporting him in his investments). He’s still my boss, although we don’t have a traditional reporting relationship (I’m a junior partner – a Principal in our nomenclature – and he’s a senior partner – a Managing Director). I use him as a sounding board and advisor a lot but we don’t really have much of a boss/employee relationship. To some extent I work ‘for’ the other Managing Directors of Mobius but more in the same way someone at a company works ‘for’ their…
Archives / November, 2006
Why are VCs so indecisive?
Ever notice how indecisive many VCs are? Maybe I’m just quick tempered, but it bugs the hell out of me that so many of my venture colleagues can’t seem to make a decision. Sometimes this shows up in overanalyzing a prospective investment (just to turn it down later for a completely unrelated reason which came up in the first week of their diligence); sometimes in the line “we’re waiting to see if any other investor is interested in this deal before deciding to pursue it”; sometimes in a delay taking an action with a CEO when its clear something needs to be done; sometimes in simply not having a definitive opinion on any issue – ever – until someone else…
Any Ethiopian readers?
Random question, but I have received e-mails from readers across the word. I’m going to be in Addis Ababa later this week and was wondering if I had any readers there. You can e-mail me here
The kindness of strangers
The world is full of people who have gone out of their way to be helpful to me over the years. I’ve been reminded of how powerful kindness can be in the past few weeks as a relative stranger – a ‘friend of a friend’ who I’ve actually never met in person, just over e-mail and phone – has gone out of their way to help me out and as a result is making something extremely important to me much easier. This truly is what makes the world go around.
An army of one
One of the reasons I started this blog was to try to give readers some insights on life as a venture capitalist. I was reading some old posts and realized that I haven’t written on this topic in a while. Funny thing about venture capital – something I’ve really noticed as I transitioned from supporting other partners on their deals to exclusively managing my own portfolio – it’s a pretty lonely business. I have an extremely close relationship with my partners and of course bounce thoughts, ideas and questions off of them on a regular basis (something I think we at Mobius we are extremely good at doing). But for the most part, I spend my days doing my own…
Do you ‘get’ new media?
I had the chance last week to speak to a group of non-profit executive directors from about 80 local Denver/Boulder/Longmont non-profit agencies as part of a session sponsored by the United Way on “Getting the Word Out – a Mass Communication Seminar”. I sat on a panel with a bunch of local newspaper editors which consisted of an hour of the editors talking about the best way to fax or e-mail them stories so they’d get their attention followed by 15 minutes of me saying that instead of all of that, their organizations could actually be their own media, that there was larger conversation going on across a much broader community which they could/should tap into, and that perhaps rather than…
Blogging stats
Dave Sifry, CEO of Technorati, has another of his series on the evolution of the blogosphere up on his site. Most interesting to mere were the results on the dominant languages of blogging. Here are his key takeaways (quoted directly): Technorati is now tracking more than 57 Million blogs. Spam-, splog- and sping-fighting efforts at Technorati are paying dividends in terms of the reduction of garbage in our indexes, even if it does seem to impact overall growth rates. Today, the blogosphere is doubling in size approximately every 230 days. About 100,000 new weblogs were created each day, again down slightly quarter-over-quarter but probably due in part to spam fighting efforts. About 4% of new splogs get past Technorati’s filters,…