Archives / February, 2018

The Changing Venture Market In 3 Images

Want to visualize how the venture funding market is changing? Look no further than these 3 slides (from a presentation put together by our friends at Greenspring). I don’t think much commentary is needed here. Average round size at Series A is increasing dramatically. Venture is being increasingly driven by large rounds (especially at the later stages – this is significantly skewing the overall funding numbers that are being reported). IPOs are the new Unicorns (they’re becoming more scarce than their $1BN valued cousins)

Friday Fun #4: Ordinals, Texas Style

Two of my partners are from Texas (Brad, which surprises many; and Lindel, which surprises no one). This article on the various ways of describing direction in Texas was hallarious. Who knew, “down”, “out”, “over” and “up” were directions…

What does it mean to be an “executive”

We have active and lively Foundry CEO and Portfolio Executives email lists. They are among the things that I love the most about the community we’re creating at Foundry. I love watching execs across the portfolio (who refer to each other as “Foundry cousins”) help each other out and share ideas. It’s an important reminder that great companies are created not by solo, heroic efforts, but by the collective force of entire communities. Recently a CEO sent around the following question: what defines an executive (who reports to a CEO)? — especially as different from “a regular manager”. I thought a number of the responses were great and wanted to share them here so they can benefit companies beyond the…