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The Democratization of Entrepreneurship

One of the great trends we’ve been witnessing over the past decade, and in particular the past 5 years, has been what you might call the “democratization” of entrepreneurship”. It’s a powerful trend and one that I think will have a huge impact not just on the US economy and workforce, but perhaps even more…

Welcome Costanoa

While the world may not need more venture capitalists, it definitely needs more good ones. Enter Costanoa Venture Capital – launched today by long time investor and entrepreneur (and friend) Greg Sands. As an entrepreneur, Greg is probably most famous for having named Netscape – literally, he was the guy who came up with that name….

Some thoughts on your ABBA round

I’ve noticed an ongoing trend over the past year or so that’s worth highlighting and commenting on. As valuations have risen (become “frothy” in VC speak, which is our nice way of saying “too high”) companies have started raising much larger Series A rounds. This is anecdotal – I’ll try to validate it when the…

Accomplishment vs. Success

I had a great conversation with an entrepreneur the other day talking about the difference between accomplishment and success. Accomplishment is what happens on the road to success, but declaring something a “success” vs. recognizing that it’s simply one of a handful of requirements to get to success. And of course viewing something this way…

Process vs. outcome

I’ve had a few conversations recently about the right balance between process and outcome. I’ve been involved with a group that’s been very (very) process focused- which has lead to some great discussion, but has hampered action/outcome and it’s got me thinking about where the balance lies between the two. When I was younger (and…

How much should a start-up CEO make?

I was asked this question at a talk I gave to the recently graduated TechStars Boulder class and thought it deserved wider dissemination than to just the group in the room at the time. This is a loaded question and while there are many variations I do actually think there are some general norms that…

The most important provision of the JOBS Act

When the JOBS Act was passed several months ago there was much fanfare about the key provisions. Especially the raising of the number of investors that a private company could accumulate before being forced to report as a public company and the so-called “crowdfunding provision” which allows companies to raise up to $1M of private…

Getting it Right the 2nd Time (our investment in SEOMoz)

It’s not often in this business that you get a second bite at the proverbial apple, but with our funding of SEOMoz announced today we got just that. I first met SEOMoz founder and CEO Rand Fishkin in late 2008. It was a pretty memorable meeting in the lobby of the Vitale. At the time…

Glue 2012 will be the best Gluecon yet

As you may know from reading prior posts on the subject the two days that comprise the Glue Conference (May 23rd and 24th, 2012) are some of the most information packed and interesting days of my year. To me what sets Glue apart is that it stands almost alone in the conference circuit as a…

Impressions of Android and the Galaxy Nexus

About a month ago I switched from my iPhone 4S to the Galaxy Nexus from Samsung. I was finally making the move from AT&T to Verizon and I couldn’t bear the idea of paying $450 once again for another 4S “upgrade”. I’d been meaning to try Android and figured now was as good a time…