Founder Dilution – How Much Is “Normal”?
This is a subject near and dear to entrepreneurs, maybe the dearest subject of them all. Founders start out with 100% of the company and every time they raise capital and/or issue stock and options to their management team, that [...] Read more
Twitter Fills The Tank
This is hardly news since it leaked almost a month ago. Today our portfolio company Twitter announced that it has raised $35mm from two west coast venture capital firms, Benchmark and IVP. Union Square Ventures will also invest to maintain [...] Read more
Boxee
One of the big "aha moments" for me in the past couple years came when I hooked up a Mac Mini to a large display in our family room in the spring of 2007. Slowly but surely, our family started [...] Read more
Return Path
Reputation is critical to most businesses, but on the Internet reputation takes on an even more important role. When you do business with a person or a company that you cannot see and you don't know, you really need some [...] Read more
Zemanta
We've invested in a number of blogging related applications and services; Adaptive Blue, Delicious, Disqus, FeedBurner, Outside.in, Twitter, and Tumblr. We've been attracted to this sector for a number of reason; because an increasing amount of content is produced with [...] Read more
Venture Fund Economics: Gross and Net Returns
The comments on my initial post on this topic went right at the VC's compensation - management fees and carry - and their impact on returns. So at Ken Berger's suggestion, I will change my planned post for today and [...] Read more
Venture Fund Economics: Gross and Net Returns
The comments on my initial post on this topic went right at the VC's compensation - management fees and carry - and their impact on returns. So at Ken Berger's suggestion, I will change my planned post for today and [...] Read more
Zynga Announces New Investment from Kleiner Perkins and IVP
Our portfolo company Zynga closed a $29mm round of financing last week which was led by Kleiner Perkins and IVP. We participated in the round, as did other investors Foundry Group and Avalon Ventures. Bing Gordon, co-founder of Electronic Arts [...] Read more
Twitter Acquires Summize
Our portfolio company Twitter announced today that it has acquired a company called Summize. We have known the Summize team and have followed their progress for the past year. Summize has developed a real time search engine for conversational media [...] Read more