Monthly Archives: May 2010

Alan’s Twitterfeed from 2010-05-29

New PghVentures Post Alan’s Twitterfeed from 2010-05-22 – New PghVentures Post Alan’s Twitterfeed from 2010-05-15 … http://ht.ly/17sxk2 #
I'm at PNC Park in Pittsburgh, PA http://gowal.la/c/NcUz #
Pirates win! Pirates win! Now the kids run the bases… #
RT @kevinrc: Mobile – People are willing to pay for things via mobile that they are not willing to [...]

Alan’s Twitterfeed from 2010-05-22

New PghVentures Post Alan’s Twitterfeed from 2010-05-15 – New PghVentures Post Alan’s Twitterfeed from 2010-05-02 … http://ow.ly/17nJhh #
Nice to see @mikeveeck on Twitter! Saw the transcript of your commencement address last week – WELL DONE. #
Having Hacker Weekend at the Veeck house – I just beat my 12-year old at a random number [...]

Alan’s Twitterfeed from 2010-05-15

New PghVentures Post Alan’s Twitterfeed from 2010-05-02 – New PghVentures Post Alan’s Twitterfeed from 2010-04-25 … http://ow.ly/17ffoo #
Drinking 2005 Domaine de la Charbonniere Chateauneuf-du-Pape Cuvee Vieilles Vignes – #wine http://cellartracker.com/w?325132 RATING: 86. #
Drinking 2004 Chateau Rayas Cotes du Rhone Blanc Chateau de Fonsalette Reserve – #wine http://cellartracker.com/w?441737 #
New PghVentures Post Creative Capital – [...]

Good Early Stage Board Governance

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” [...]

Hiring: A 50/50 Crap Shoot

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 [...]

VC Buzzword Bingo

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 [...]

Creative Capital – the Story of Georges Doriot

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 [...]

Alan’s Twitterfeed from 2010-05-02

New PghVentures Post Alan’s Twitterfeed from 2010-04-25 – New PghVentures Post Alan’s Twitterfeed from 2010-04-18 … http://ow.ly/17aHz9 #
Drinking 2004 Podere La Vigna Brunello di Montalcino – #wine http://cellartracker.com/w?659399 #
Can almost taste the "terraced slopes of fer­ruginous mica schists" 2004 Domaine Jasmin Cote-Rotie #wine http://cellartracker.com/w?176437 #
FTW — at Katzinger's Delicatessen http://gowal.la/c/Fhe4 #
Meeting with Erik [...]