Foundry is pleased to announce that we’ve joined the Entrepreneurs Foundation of Colorado. EFFCO was created to encourage philanthropy from entrepreneurial companies in Colorado (there are chapters in many other major markets across the country). By encouraging companies to donate a small percentage of their stock (in the form of a warrant that is only exercisable when the company is sold or goes public) EFFCO is both raising funds for local non-profits as well as encouraging companies to foster a culture of philanthropy early on in the life of their company. We’re strong supporters of the mission of EFFCO (in fact Brad was among the founding members of the CO chapter) and are happy to announce that we’ve donated 1%…
Archives / May, 2008
The glamorous life of our accounting group
I caught this shot as Melissa from our accounting department was preparing some kind of mailing to go out later this afternoon. This is actually only about 1/2 of the envelopes she was working on. It’s all glamour here in venture capital!
From the shameless commerce division…
A little off topic, but if you’re in the market for a fun summer driver, I’m selling my fake Porsche 356 (not a kit but a "custom" build). I bought it on eBay 6 years ago and am trying to sell it the same way. I’ve had it up a couple of times – winner’s financing fell through the first time and it didn’t clear reserve the second. I’ve taken out the reserve so if you’re interested or know someone who is . . . bid! http://tinyurl.com/4vp5xf
Positive trending
I was thinking earlier today about one of the more subtle litmus tests that I use when considering an investment opportunity – my excitement trend line. My partner Ryan really helped me think through this a few months ago (I had been doing it but hadn’t been explicit about it). For every investment opportunity we dig into there are always multiple meetings, due diligence calls, research reviews, partner debates and other chances to interact about a company or idea. It’s obvious when I write it out here – although I think more subtle when you’re actually in the middle of evaluating an opportunity – but the trend line around a potential deal should be pretty clearly rising as you spend…