Jarbarish
Fred Wilson has done a very amusing series of posts on VC Clichés (see the latest here) Terry Gold takes this to another level with what he has termed Jarbarish (a blend of jargon and gibberish). Here he posts an absolutely hilarious bit that he used at a recent company meeting. Thanks Terry for lightening the mood
March 17, 2005· 1 min read
Things I learned on vacation – part II (the vacation curve)
I was writing a post before I left on vacation about balance. I struggle with this a lot – the real (and perceived) pressures of my job, travel, time with my family, etc. I was writing about how difficult is can be to balance the business and personal aspects of your life, but now that I read it, it sounds kind of ‘woe is me’ rather than particularly profound (so I’ll spare you and not post it). That said, the spirit of the post is right on – and there’s nothing like vacation to remind you how important it is to find this balance. There’s also nothing quite like a vacation to remind you how important it is to actually take vacation. …
March 16, 2005· 2 min read
The commonly confused words test
I thought I should post this after making such a stink about data being plural and all. Here’s a link to a little word test for those of you (like me) who are interested in seeing if you really have a clue about these things (turns out I have only a partial clue – I scored 93% on each of the beginner and intermediate, 100% on advanced and a paltry 66% on expert). …
March 15, 2005· 1 min read
The Last Days of Enron
The New York Times is running a series of articles on the last days of the Enron crisis (actually excerpts from Times writer Kurt Eichenwald’s forthcoming book on the subject). It reads like a soap opera (by both design and because that’s really what this story amounts to). The amazing take-away for me was just how far Enron had strayed from the most basic forms of financial management (they didn’t track their cash balance, nor did they track when their debt came due – so they had no idea either what they owed or how much they had available to cover that debt). Take a look at the article here (in case the link doesn’t work the url is http://www.nytimes.com/2005/03/13/business/yourmoney/13enron.html?) . It’s worth a read.
March 15, 2005· 1 min read
Who Buys Venture Backed Companies
Ernst and Young puts out a quarterly report on the VC industry. It’s full of fantastic data (from their VentureOne group). I just got my book today and am still sorting through it – I’ll put up a post soon with some of the take-aways. Something that struck me right away was the list of the top acquirers of VC-backed companies. They are : IBM (5) Cisco (5) Tekelec (4) C-COR (4) Broadcom (4) Thomson (3) Motorola (3) IAC (3) Alcatel(3) …
March 10, 2005· 1 min read
Google News
In case you haven’t noticed yet, Google has made their news page customizable (see the “customize this page” link on the right of the screen). Not all that surprising a move (what took them so long?) . . . they are a media platform after all – even though they want us all to think they’re really just focused on search . . .
March 10, 2005· 1 min read
Things I learned on vacation – part I
One of the nice things about sitting on the beach for a week is that it gives you time to think about a few things. I won’t profess to having had profoundly deep thoughts, but I’m working on a few posts that cover some of the topics I was thinking about as I soaked in the rays. First a light topic, but one that actually does have a real message despite its levity. …
March 9, 2005· 1 min read
Taking Time
I’m really bad at taking time away. I mean real time away where I’m completely out of touch and can fully recharge – not the run away for a long weekend but bring your laptop with you kind of away. I need to get better at this – it’s not fair to my wife and daughter and it’s not fair to me. Brad is very consistent about taking real time off – he and his wife take one week a quarter where they go away and completely relax. I need to follow their example more. …
March 1, 2005· 1 min read
M&A Part I – Lines in the Sand
I’ve been involved in executing mergers and acquisitions for a large part of my career. I’ve never stopped to count the number of deals I’ve been involved with, but would guess that the total is several hundred, with probably somewhere between 50 and 75 where I had primary responsibility for negotiating (the rest I was an advisor to). I’ve seen a lot of different types of deals over the years and many many different negotiating tactics (my own style varies from deal to deal, and my default style has changed a lot over the years – a topic for another post). Over the next few months I’m going to do a series of posts on m&a – some general comments on the subject; some war stories; some m&a 101; etc. I’ll try to keep them short and to the point. My first post is on a topic that I’ve experienced a lot recently – ultimatums. There’s definitely a place for ‘this is the best we’re going to be able to do’ statements in deal negotiating, but too often people use this tactic when they don’t mean it. The result is something akin to the never cry wolf fairy tail – but with a faster outcome. It only takes one time drawing a line and then crossing over it to completely lose your deal credibility. Hearing about a company’s ‘best and final’ offer 5 times over the course of 2 days doesn’t drive the best deal – it just annoys all involved and has the affect of disengaging the party you are negotiating with and ultimately making you negotiate against yourself (which is #1 on the negotiating 101 list of things not to do). I respect that there is a certain amount of gamesmanship involved in negotiating a transaction – both sides in a deal understand that. But outright lying (i.e., saying something is the best you can do when its not) and then stepping right through your lie flies in the face of good negotiating tactics and leads to busted deals and to the party you are negotiating with retrenching rather than trying to reach a happy medium. …
March 1, 2005· 2 min read
Paying for what you get?
Ever notice that the nicer the hotel you stay in, the more you have to pay for? It seems to me that the more I pay for a room, the more likely it is that I have to pay for local phone calls, internet access, breakfast, gym access, etc. I was thinking about this a couple of weeks ago. I was in San Francisco and staying at a reasonably nice national chain hotel and paying over $200/night for the privilege. On top of that I had to pay forInternet access ($9.95 for crappy 200kps throughput), local calls ($0.75 a pop) and access to their gym ($10/day). Not so when I stay at cheaper hotels(particularly down on the peninsula, but I’ve found this to be true all over the country) – I rarely pay for this stuff. On one recent trip to Palo Alto I stayed at a hotel that was less than $100/night, had fee internet access, free local calls,a descent work-out room and provided me with a nice continental breakfast (also for free). …
March 1, 2005· 1 min read