I met a friend and fellow investor for breakfast last week and the topic of capital efficiency came up. In the current economic cycle - where venture capital investment seems to flow like water - old fashioned considerations like capital
The topic of founder vesting came up recently in working through a term sheet with the founding CEO of a business we offered to fund. In this situation, the founding team had been working together for nearly four years with
This is a week of follow-on fundings in our portfolio. Earlier in the week, I wrote about x.ai and now it’s time to discuss Reonomy. Reonomy was the first company I funded as a professional investor and, as
Last June, we made a seed investment in x.ai, the brainchild of Dennis Mortensen. Dennis is an entrepreneur I've known for several years. Both of us spent time in the digital publishing space and both of us led businesses
I spent much of 2014 doing. Doing meetings, doing deals, selling entrepreneurs, negotiating terms. As a former business development guy who thrives on “the deal”, I get a lot of satisfaction from the chase and naturally gravitate in that direction.