entrepreneurship

  • The End Of The Startup Gold Rush, Absurd Burn Rates And Tourist VCs Crunch Network

    The End Of The Startup Gold Rush, Absurd Burn Rates And Tourist VCs

    In 15 years as a venture capitalist, I’ve seen just about every market condition you can imagine. I started at Insight Venture Partners in 2000 at a time when the stock market was experiencing historic highs and tech companies were receiving massive private and public valuations. Capital markets were flush, startup burn rates were rampant, and the gold rush was on. Investors came out… Read More

  • Build An Offshore Development Team That Won’t Suck Crunch Network

    Build An Offshore Development Team That Won’t Suck

    The No. 1 problem of almost every Silicon Valley entrepreneur is finding engineers. Developers in San Francisco are similar to apartments in San Francisco — really expensive, hard to get and even harder to keep. On top of a six-digit salary, bonuses and large stock packages, you’ve got to offer a super duper cool office, some unusual perks, etc. It doesn’t have to be this way. Read More

  • The State Of Hardware For 2015 Crunch Network

    The State Of Hardware For 2015

    Startups are re-imagining daily objects and inventing new devices. Supported by maker spaces incubators and accelerators, a fraction of this explosion of startups moves on to later stage financing. Investment in IOT startups is likely to hit a record height of $2B this year according to CBInsights. Read More

  • When And How To Pick Your Next Launch Country Crunch Network

    When And How To Pick Your Next Launch Country

    International expansion is a challenge any globally ambitious company will face — some sooner than others. As a long-time investor in both the U.S. and Europe, I often get asked by the venture community about the difference between the two. In my opinion, one of the key elements is the market fragmentation, which is something that European companies tend to come up against sooner than… Read More

  • America’s Whitest City Explodes With A Fusion Of Inclusion Crunch Network

    America’s Whitest City Explodes With A Fusion Of Inclusion

    It’s tough to see at first glance that diversity matters in Portland, Oregon. After all, Portlandia is widely known as the “whitest city in America.” But hidden within this environmentally friendly rain-soaked scenic city, there are intentional efforts ongoing in economic gardening across multiple community sectors to cultivate the growth of a diverse landscape of job creators. Read More

  • The Two Distinct Types Of Fintech Innovation Crunch Network

    The Two Distinct Types Of Fintech Innovation

    Fintech, the (faintly uncool) term for financial technology, is booming these days. But it’s wrong to think of fintech as a single sector. There are two very distinct types of fintech innovation that entrepreneurs, consumers, investors and regulators need to be able to tell apart. To understand the distinction, it’s helpful to take a look at venture-backed innovation in general. Read More

  • Nokia’s Fall Means The Rise Of Startups In Finland Crunch Network

    Nokia’s Fall Means The Rise Of Startups In Finland

    The Finnish economy, which has contracted for three years in a row, is still reeling, but the country’s rising startup scene is a careful indication that Finland – the land of a thousand lakes and talented engineers – is on its way up. Read More

  • How To Extract More Than Capital From Your VCs Crunch Network

    How To Extract More Than Capital From Your VCs

    The relationship between VCs and their portfolio companies has changed significantly over the past five or so years. In many ways it is still the same, in that VCs provide capital, then take a significant equity stake and often a board seat. However, as the funding process has become more transparent and new capital sources have emerged, startups are looking for more value from their… Read More

  • You’re Not In The Valley Anymore Crunch Network

    You’re Not In The Valley Anymore

    My friend and fellow investor Jon Lehr of Work-Bench recently wrote a piece entitled “7 Lessons Learned in My First 2 Years as a VC.” Jon and I have known each other since before either of us were VCs, and I’ve tried to carry a bit of his legacy to Chicago in launching the Chicago Enterprise Tech Meetup (Jon launched the NY version several years back and it has become a… Read More

  • General Assembly Raises $70 Million, Closing In On 25,000 Alumni Worldwide

    General Assembly Raises $70 Million, Closing In On 25,000 Alumni Worldwide

    Today, educational startup General Assembly announced a series D round of funding of $70 million. Here’s what CEO Jake Schwartz had to say about the news, including the addition of a new board member: Today we are announcing a new round of funding for General Assembly, representing over $70 million in capital from a group of leading investors. Our new investors are Advance Publications… Read More

  • An Interview With Brady Forrest On The New Hardware Startup Stars

    An Interview With Brady Forrest On The New Hardware Startup Stars

    Hardware startups are really cool and Brady Forrest has brought more of them to market than anyone we know. Now he and Dave McClure are the stars of Bazillion Dollar Club, a new show on SyFy that is showing exactly what it’s like to living inside a high-pressure startup. Forrest and McClure are the Jason and Thetis of the startup straits and are doing a bang-up job. I sat down with… Read More

  • Counsel To Founders In This Time Of Uncertainty Crunch Network

    Counsel To Founders In This Time Of Uncertainty

    If the IPO climate remains chilly then the opportunity for a positive outcome on their late-stage private investments is diminished. Those public market investors who were contemplating a push into the sector may back away, seeing increased buying opportunities in a depressed public market. Read More

  • Emergence Capital, Long A Top SaaS Investor, Shifts Focus To The Next Big Thing

    Emergence Capital, Long A Top SaaS Investor, Shifts Focus To The Next Big Thing

    Since its founding a decade ago, Emergence Capital Partners has become among the startup industry’s most highly regarded investors in enterprise software-as-a-service companies. Fact is, few firms are as specialized. But the approach has paid big dividends. In fact, in 2013, Emergence saw one of the industry’s biggest returns with the IPO of Veeva Systems, an enterprise cloud… Read More

  • CommonBond Attracts Another $35 Million For Its College Lending Marketplace

    CommonBond Attracts Another $35 Million For Its College Lending Marketplace

    New York-based lending marketplace, CommonBond, has managed to attract a more modest — but still significant — $35 million in fresh financing for its own expansion plans. Read More

  • After Funding, Watch Burn Rates And Beware The Tyranny Of Incrementalism Crunch Network

    After Funding, Watch Burn Rates And Beware The Tyranny Of Incrementalism

    Every dollar the founders take out of the company sets the tone for the entire business going forward. Every dollar spent is a dollar of dilution, as it costs equity. Every unnecessary dollar spent on the founders sets the tone that cash should be more important than equity to everyone involved in the business. Read More

  • The Poet, Scientist, Journalist, Boxer Approach To Entrepreneurship Crunch Network

    The Poet, Scientist, Journalist, Boxer Approach To Entrepreneurship

    One of the great challenges for startups is figuring out where to start. Entrepreneurs believe that unless they build something now, their idea will become outdated or stolen by their competitor. However, that thought process is akin to running a marathon with one month of training. Yes, it can be done, but you run the risk of burning out and failing more quickly. What is needed is a… Read More

  • Selling Hopes And Dreams In Southeast Asia

    Selling Hopes And Dreams In Southeast Asia

    Being a startup means believing in your dreams, and Southeast Asia needs dreamers, say incubators. 500 Startups, for one, is keen to sell hope to the growing communities of startups in Southeast Asia, and is willing to back that up with real money. When I spoke with its founder, Dave McClure, in Jakarta a couple of months ago, he said the accelerator’s plan for the region starts with… Read More

  • Entrepreneurial Excellence: Can 10,000 Hours Of Practice Make Perfect? Crunch Network

    Entrepreneurial Excellence: Can 10,000 Hours Of Practice Make Perfect?

    Editor’s note: Jon Auerbach is a partner at Charles River Ventures, a 42-year-old early stage venture firm based in Menlo Park and Cambridge, Ma, where he focuses on mobile technologies. Research over the past two decades has identified a strong link between hours of practice and expertise in sports, chess and the performing arts. In the early 1990s, Anders Ericsson, a psychologist… Read More

  • From Team Player To Coach = From Entrepreneur To CEO

    From Team Player To Coach = From Entrepreneur To CEO

    For entrepreneurs, navigating a career through the Valley can be a lot like competitive sports. Similarities include locker room leadership, a shifting playbook and ongoing onslaughts from opponents. What is perhaps the most important likeness to highlight, however, is the requisite sense of what your place is in the game. The differences between each role in a company and team are… Read More

  • How Entrepreneurs Can Create Their Own Luck

    How Entrepreneurs Can Create Their Own Luck

    I’m in even worse trouble now. A few weeks ago I had to speak at Barry Ritholz’s conference but that turned out to be “only” a panel. It was a great panel but I knew I would only have ten minutes of time so wouldn’t need to prepare much although even then I was worried. Now I’m speaking for one hour at Defrag in Boulder, Colorado next week on November 9… Read More