Are you “under-promising and over-delivering”?
Someone at a meeting I was in a few weeks ago made a statement to the effect that he valued management (sales management in particular) following this mantra. I couldn’t disagree more. While it makes for a great VC cliché it seems to me that it’s not a good plan to set an expectation with companies that you work with that you want them to essentially lie to you about the results they expect. Following this down the management line – from board to CEO to VP of Sales to Sales Manager to Salespeople – and you’ll completely cloud your view of what’s really happening in a business (where at every step of the way each person tries to set up an expectation that is lower than what they actually believe they deliver). …
April 7, 2010· 1 min read
Medialets Announces Universal Mobile Ad SDK
Earlier this week, Medialets made a significant announcement: the launch of their universal mobile ad SDK. This is an initiative that the company has been working on for months and is truly groundbreaking in the industry. The Medialets universal ad SDK allows app developers to have complete flexibility in how they manage the ad inventory available through their applications. Publishers can serve Medialets rich media ads, ads from other mobile ad networks as well as ads from their own first party ad server – all from one SDK. The Medialets SDK is already up and running with major publishers (Washington Post, NPR, Variety, Fandango, etc.). …
April 1, 2010· 1 min read
Have you registered for Glue yet?
I can’t help myself at this time of year but to remind you that you probably haven’t registered for Glue yet and that you need to get on it. Glue is one of three conferences that Foundry helps facilitate with Eric Norlin (the others are Defrag and Blur, the latter of which is still in development but coming this summer). Glue is an in depth discussion about the web as a platform and the future in a world where most (all?) apps live in the cloud (either public or private). Once again, Eric has put together a fantastic agenda (you can see the full list of topics here). This year’s speakers include: …
March 22, 2010· 2 min read
The new era of venture capital
You already know the about the state of the venture capital industry in 2009: venture investing down (32%), exits down (14%; slowest exit year for VC backed companies since 1995), fundraising down (56%), IPO’s almost non-existent (8 venture backed IPOs in 2009). It’s a bleak picture for the industry overall, even if there’s a group of us that continue to believe this is a great market in which to be investing (and it clearly is). These stats got me thinking about the future of the venture industry and I thought I’d offer up some thoughts on where we might be headed. …
March 22, 2010· 3 min read
Join the search revolution! Introducing: Trada
image While search marketing is already a huge business, more and more companies each day are discovering the advantages of advertising directly to customers through search engines. Companies like that they can directly measure the impact of their spending – from the clicks they are generating all the way through the products they are selling as a result of those site visits and that they can quickly and easily scale up their spending on what’s working in their search campaigns. With different ad groups, ad copy and landing pages, search marketers can customize their campaigns to fit their business needs. …
March 18, 2010· 4 min read
New look, same me
I have to admit that I never really loved my old blog format (either of them, actually). I never got the colors right (way too much orange, strange brown) and it was far too cluttered looking. Thanks to the great guys over a Slice of Lime (and our IT guy Ross Carlson) I now have a great new look and feel for VC Adventure which I’m really excited about. You’ll notice a much better twitter feed (with a clever little bird “tweeting” what I have to say), a short bio on the front page, a significantly better main body look and a much easier ability to tweet, comment, etc. Welcome to 2010… …
March 16, 2010· 2 min read
Sometimes simple is better
John Maggio, CEO of VCIR presenting company Clementine Art, used the following slide to present his company’s financial opportunity (after I told him in a practice session that his original slide was too complicated). Created by his 6-year old daughter, it was by far my favorite slide of the conference! image
March 1, 2010· 1 min read
Venture Capital in the Rockies Winter 2010 Unveils Promising Growth Companies Ahead of Conference
Twenty Companies Ranging From Seed Stage to Mezzanine Will Showcase Next Generation Technologies from Various Industries at the 27th Annual VCIR Winter 2010 Conference Denver, CO, February 23, 2010 – The Rocky Mountain Venture Capital Association today unveiled its final lineup of growth companies at the 27th annual Venture Capital in the Rockies (VCIR) 2010 Winter conference. This year’s conference will highlight twenty promising early-growth companies; all based in the Rocky Mountain region and a majority of which are focused on clean technology, a burgeoning industry in the area. …
February 23, 2010· 5 min read
We don’t charge companies to present at VCIR
There’s been an extremely lively debate online over the last few months about the practice of charging entrepreneurs to present to VCs. You can see my post on that subject here, one from my partner Jason Mendelson over on peHUB here, Jason Calicanis’ very popular post on the subject here (and a quick search on Google will pick up dozens more). At issue is the question of whether it’s reasonable to charge entrepreneurs to get in front of potential investors. I’m clearly on the side of not charging entrepreneurs to pitch to investor groups – reputable events of this nature can attract sponsor dollars and/or the angel investors involved should be footing the (relatively small) bill. …
February 22, 2010· 3 min read
The things they say
As promised in my last post on adoption, below are some of the amusing, crazy and occasionally insulting things that people have said to us over the years about adoption. I generally give my friends a lot of latitude around this stuff since they all mean well. So please don’t think I’m singling you out (or mad at you) if you’ve said one of these things to me (other than the Bradgalina one – that does universally annoy me) . My hope in posting this is to raise awareness just a bit and make people think a bit more before they ask these questions. Language and intent really do matter here… …
February 19, 2010· 6 min read