Jun 102009

Poking a little fun at VCs

Poking a little fun at VCs

Fred posted a great slideshow this morning of “things VCs will never say.”  I can’t tell if the show is meant to be serious or not — some of the things would be great to hear from VCs, some would be terrible — though Fred’s comment at the bottom leads me to believe he thinks it was serious.

At any rate, it reminded me of the brilliant and hilarious “VC Calendar Calisthenics” post of Dave Hornick from 5-6 years ago, which you can see here.  Even if you’ve read it before, it’s worth a refresher.

Jan 112007

OnlyOnce is Ok

OnlyOnce is Ok

Fred and Brad from Union Square Ventures have a great post today about the kinds of entrepreneurs they like to back and why.  I particularly like it because almost half their portfolio is made up of companies led by first-time CEOs, which as you probably know, is one of the founding themes around this blog.

Feb 032006

What’s in store?

What’s in store?

Whether you’re a tech enthusiast, a math geek, or a student of humanity, Union Square Ventures’ Brad Burnham has a great post this week on the USV blog about data storage and how much we as a human race can consume.

It’s quick, worth a read, and it uses math terms that I’m pretty sure even my wife, dad, and Board members who went to MIT don’t know off the top of their heads (of course, having said that, I’m sure one of them will shortly email me to prove me wrong with their command of 10-to-the-21st power).

Brad’s conclusion is great…once the battle shifts away from storage, where will it go next?

Feb 142005

A New VC in Town…Sort of

A New VC in Town…Sort of

My friend and Board member Fred Wilson just announced last week the formation of his new VC firm, Union Square Ventures, along with his partner Brad Burnham.  Brad Feld beat me to the “way to go” posting, so while I chime in with my congratulations to Fred and Brad and assert to the rest of the VC/tech blogging world that this firm will succeed famously, I thought I’d comment on two other aspects of Union Square Ventures’ formation.

First, NYC has long been a haven for later stage private equity and buy-outs, and there’s a big need in the NYC area (even the DC-Boston corridor more broadly) for top tier early stage venture capital players.  While there are fewer core techonlogy companies in the area, there are an increasing number of application and service companies that are building great businesses in this part of the country, and there are not enough great VCs to keep up.  West coast VCs are often (but not always, as I’ve seen in my investors Brad from Mobius and Greg Sands from Sutter Hill) allergic to east coast deals, and sometimes it’s just good to have one of your main investors walking distance away.  Fred and Brad have the reputations, track records, and networks to at least partially fill this void.

Second, as Fred noted in a subsequent posting on Flatiron and its remaining portfolio companies (including Return Path), Fred and his former partners from JP Morgan are not abandoning their prior investments.  This speaks volumes about the kind of people they are and the commitment they have to their entrepreneurs.

I’m sure Union Square Ventures will be successful, and I’m glad I have the opportunity to see it up close.

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