Yet Another (ex-)VC Blog

Cloud computing, startups, and venture capital

Archive for August 2015

Series A is actually the fourth round of funding

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Yup.

Pando: Is Pre-seed the biggest new small thing in venture capital?

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Written by John Gannon

August 27, 2015 at 5:50 pm

Posted in Uncategorized

VC returns in yogurt, video stores, and train tracks (seriously)

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CIVC had a number of highly successful non-technology investments made in the late 1970’s timeframe, such as:

LB Foster: Repurposed old train tracks

JD Robinson Jewelers: The original “diamond man” (Tom Shane’s inspiration)

National Demographics: Mailing Lists

American Home Video: Video Stores

Michigan Cottage Cheese: Yoplait Yogurt

The Aviation Group: Expedited small package delivery

JMB Realty: Real Estate Management company

None of these companies fit Mr. Neumann’s definition of the era’s venture deals and each generated returns we would welcome today.

via Brad Feld’s A Venture Capital History Perspective From Jack Tankersley, a response to Jerry Neumann’s popular post “VC Heat Death”, which covers the VC industry in the 80’s.

Written by John Gannon

August 25, 2015 at 11:53 am

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@bgurley would do Webvan again, and again, and again

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I would recommend (the) Webvan investment again and again and again. We don’t succeed by avoiding failure. It’s not how the model works. We aim to back ambitious founders — just like Louis Borders.

via How much money did Benchmark lose on Webvan?.

Written by John Gannon

August 23, 2015 at 8:23 am

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Creative, but … yikes!

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The top prize winner spent $18K in Facebook ads to eventually win the 100K shares. Does he qualify to join the ever increasing group of micro-VCs?

via 10 Signs of a Tech Bubble.

Written by John Gannon

August 18, 2015 at 8:42 pm

Posted in Uncategorized

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