Everything was so much simpler before the Internet. Back then, the VC world was neatly divided into IT and Health Care, and the whole rest of the U.S. economy could go about its merry business without worrying too much about Silicon Valley and the threat of “disruption.” Then everything becameRead More
Post Tagged with: "VC Industry"
I’d like to think that the vast majority of the investments we make are in companies whose products and services are not commodities, and not subject to the brutal forces of commoditization. In those cases, we are looking at markets where companies can win based on product differentiation, or where what they are doing is […]
I started my investing career doing leveraged buy-out deals at Bain Capital, working directly for Mitt Romney and his then small group of partners. I left in 1997 to start my own venture capital firm, and part of my rationale was that I wanted to spend time creating jobs. In the 14 years since then, […]
There is an article making the rounds (link: here) forecasting a drought in late stage fundraising coming soon: “When? Perhaps as early as three months from now. Surely no later than six.” As I’ve have written before, I’m always impressed, but somewhat bemused, when people have sufficient confidence in their forecasts to use words […]