National Venture Capital Association (NVCA) named our partnership, True Ventures, as the venture capital firm of the year. It is always an honor to be recognized by our peers, but in the end, the award is a reflection of the people who we serve — the founders, their teams and their families. 10,000 of them. It has taken over a decade to get here — one startup at a time. Some of them are big (Automattic), some define the zeitgeist (Blue Bottle, Peloton, and Ring) and others are writing the script of tomorrow today, companies like Veniam and Zymergen.
Despite a boom in startup activity, more and more companies being formed, it doesn’t mean that more good companies are being created. I keep seeing the same names hit up investors again and again. A few successful ones are garnering a lion share of the total funding dollars, especially as they get more traction. Even those companies that have little traction are generating a lot of investor interest, while others who fall in the in-between range are getting less attention. Continue reading “Startups are a global opportunity!”
I was recording a podcast with Matthew Panzarino, editor of TechCrunch yesterday and the conversation turned to current state of Silicon Valley, and the point I made was that as an industry we have been focused on a limited set of metrics – growth and intelligence, for example.
Sure, like any intellectually intensive industry needs high level of IQ, but as we become more embedded and enmeshed in mainstream socio-economic and cultural fabric, technology industry needs to have an equal and perhaps more focus on values and emotional impact of what we create. Technology is a lot more pervasive and embedded into our lives. It is not something that just impacts that operations of a company, an industry or a small subset of population. The digitization’s influence is far-reaching. I have written about need for empathy and understanding.
But in reality we need to start within our own industry — our own ecosystem of investors, startups and finding ways to be more inclusive. It is time to let go of dogmas that have corrupted how our system itself works. My partner at True Ventures Jon Callaghan have very eloquently written about this topic and if you get a chance, give it a read.
Earlier this evening, my partner and co-founder of True Ventures, Jon Callaghan, gave a keynote speech as the outgoing chairman of the National Venture Capital Association (NVCA), highlighting the virtues of the venture capital industry and its role in the larger economic well being of society. Too often, technology and venture capital have been defined … Continue reading Capital with a purpose
It has been just over two years since I became a full time investor at True Ventures (after being a venture investor for about six years). It seemed like a natural progression from being a reporter and then a company founder. My three different incarnations had a few things in common: I pray at the … Continue reading Good Times. Bad Times. What Really Matters