This is a topic of passion for me – as a venture capitalist, how do I improve the governance function I perform for the early stage companies for which I serve as a director?
This post was sparked by an article in yesterday’s WSJ by John Brennan entitled, “Improving Corporate Governance: A Memo to The Board” [...]
Unless you are hiring someone with whom you have previous extensive experience (and sometimes even then!), hiring is always a near 50/50 proposition.
In my experience, the best way to succeed in hiring is do a reasonable job screening applicants, but do it incredibly quickly. Screening applicants can be very time consuming, and every additional moment [...]
As a VC in Pittsburgh I have gotten to be good at spotting buzzwords that make for bad investments. Here is a short sampling of my current list (believe me, the real list is much longer):
Artificial Intelligence
Machine Learning
Neural Networks
Cluster Analysis
Fuzzy Logic
Non-parametric Modeling
Tree Regression
Bayesian Networks
I have an aneurysm anytime I see these words independently, or yikes! – in [...]
Yesterday I finished book #11 in my 2010 book-reading quest - Creative Capital, by Spencer Ante. This book tells the story of Georges Doriot, considered to be the “Father of Venture Capital”, and the first venture firm, American Research and Development Corp (ARD). The author wass a technology/finance editor at Business Week (recently moved to the WSJ), so [...]