Forming an investment philosophy

I met with a young venture capitalist today who has been investing aggressively in consumer internet over the past 18 months. We discussed investment philosophies and it got me thinking about my own.  I began making angel investments in 1999 through Bayview Partners, the Robertson Stephens & Co. partners fund. Some went well. Most did not. After leaving Robbie Stephens, I made a few investments on my own. A higher percentage of these went well (Wayport, Cars Direct), but several went to zero or returned less than my invested capital.  Over the past two years, with New York City playing a more active role in the technology startup game, I’ve decided to take advantage of my front row seat and have resumed angel investing on a selective basis.  I feel my chances for success continue to improve with each successive investment made as my ability to recognize patterns grows.  Much ...(Read More)

Why Facebook has crossed the canyon, changed the way we communicate… and should buy Twitter

Facebook has crossed the canyon.  If the “chasm” is the leap from early adopters to mainstream, then the “canyon” is the leap from mainstream to mass commercial appeal.  Facebook has taken that leap.  In the past few months, my dad, uncle, aunt and the mother of a high school friend have all joined Facebook.  Facebook has become, as I explained to a hold-out friend of mine last week, the most fun and efficient way to keep in touch with the people in your life.  As recently as five years ago, I reserved most Sunday nights for catching up with people by telephone.  That was the way I maintained friendships, particularly with people living in other cities, who I didn’t see face-to-face on a regular basis.  I’d call them after dinner, speak for 20-30 mins, get an update on the past few weeks (or months in some cases) and then say goodbye, ...(Read More)

Famous for a day….

User generated photos picking up steam on Bergen Carroll

in da AOL Sphere