david hornik

  • Hornik on VC's Secondary Mania: "If It's Just Money, We're All Fungible" (TCTV)

    August Capital was doing very late stage deals when most VCs refused to. And its early 2000 era buyout of Seagate was one of the better returns in the firm’s history. So why is it mostly sitting out this round of late-stage mega-deal mania? In the final segment of our Ask a VC on the road with David Hornik, he explains why the answer to missing out on Facebook early isn’t dumping… Read More

  • Hornik on Blippy: "Apparently I Was More Interested in Sharing Credit Card Purchases than the Average Person" (TCTV)

    Let’s be honest: One of the reasons David Hornik actually agreed to be on camera at All Things D is that he didn’t have a startup about to file to go public any second. So we talked about some of his more high profile investments that haven’t always lived up to the hype. Hornik explains why reports of Blippy’s death have been greatly exaggerated, and why he says the… Read More

  • David Hornik: Why Real Entrepreneurs Aren't in it for the Money (TCTV)

    We haven’t done Ask a VC for a while thanks to my hectic travel schedule, so I pulled David Hornik out of the hallway at D to catch up on his thoughts on his portfolio and the industry. But first, we chat about the highlights from the All Things Digital conference. Or we started with that and then talked about how the motivation for starting companies is changing in Silicon Valley, given… Read More

  • Ask a VC: Why David Hornik Invests Close to Home and the Dumbest Deal in the Valley (TCTV)

    Ten years ago, most VCs refused to invest outside of Silicon Valley. Now, most of them have funds in Israel, Europe, India or China– and lately many of those Chinese funds are outperforming the US counterparts. But August Capital is still sticking with the kind of local venture capital that built this industry, and David Hornik explains why in this week’s episode of Ask a… Read More

  • Super Angel/VC SMACKDOWN: What's so Great about Convertible Debt? (TCTV)

    Super Angel/VC SMACKDOWN: What's so Great about Convertible Debt? (TCTV)

    We’ve come to the last installment of the Super Angel v. VC SMACKDOWN and we’ve saved the wonkiest, nerdiest topic for last: Should entrepreneurs swap investor cash for convertible debt or equity? Somehow, this is the topic that generates the most passion. If you don’t understand the basics, August Capital’s David Hornik– a former lawyer– breaks them… Read More

  • Super Angel v. VC SMACKDOWN, Part 4: Is Silicon Valley Getting Disrupted? (TCTV)

    Super Angel v. VC SMACKDOWN, Part 4: Is Silicon Valley Getting Disrupted? (TCTV)

    Ding, ding! It’s round four of our Super Angel v. VC SMACKDOWN. Both of our pugilist Davids live and work in Silicon Valley. Given that today’s topic is about whether or not the heft of East Coast Super Angels like Josh Kopelman, Chris Dixon and Fred Wilson is pulling the center of early stage funding gravity away from famed Sand Hill Road, you’d think it’d be nothing… Read More

  • Super Angel v. VC SMACKDOWN Part 3: Are Angels Just about the Flip? (TCTV)

    Super Angel v. VC SMACKDOWN Part 3: Are Angels Just about the Flip? (TCTV)

    In part three of our Super Angel v. VC SMACKDOWN Dave McClure says “I am all about the flip. GREED IS GOOD. I am Gordon Gekko in Silicon Valley.” But is he? Wouldn’t greed be going after the big win not the tiny flip? In this clip we come to one of the core distinctions between Super Angels and VCs: Are sub-$50 million exits the desired goal in Silicon Valley or are small… Read More

  • Super Angel v. VC SMACKDOWN Part 2: Are Super Angels Just a Phase? (TCTV)

    Super Angel v. VC SMACKDOWN Part 2: Are Super Angels Just a Phase? (TCTV)

    So let me get this straight, you call yourself an angel, but you’re investing limited partners’ money…doesn’t that just make you a small, early-stage VC? And if you’re successful, don’t you just raise a bigger fund and hire more partners, looking a lot more like an early stage VC? In day two of our David v. David/ Super Angel v. VC SMACKDOWN, even Dave… Read More

  • Super Angel/VC Smackdown: Why the Hate? (TCTV)

    Super Angel/VC Smackdown: Why the Hate? (TCTV)

    Watching the battle of words, blog posts, term sheets and Tweets unfold over the last few weeks between VCs and Super Angels has been a little surreal. I’ve spent a career convincing editors that the internal workings of Venture Capital are more interesting than they sound, but even I can’t muster the passion to declare convertible debt AWESOME while equity TOTALLY SUCKS. Clearly… Read More

  • Why Tech Warriors Give Up: A Closer Look At Built To Flip (TCTV)

    There’s a growing debate in Silicon Valley as to whether the rise in angel investors coupled with robust deal activity (from the likes of Google, Facebook, Zynga, etc.) is fostering an unhealthy environment for the industry. It’s not that founders aren’t making money (indeed many are cashing out early) the real issue, as posited by our editor, Michael Arrington, is if this… Read More