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Praying to the God of Valuation

Both Sides of the Table

There were startups and a software industry but barely. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC). There was no money train. It was 1991. We still loved every moment. And it changed the culture.

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VC Seed Funding is Dead, Long Live VC Seed Funding!

Both Sides of the Table

A few years ago it became fashionable for large VC’s to do seed funding. With open source software (LAMP stack) and cloud computing infrastructure it just wasn’t that expensive to get your company going and founders just wanted to raise less money. I told entrepreneurs that it was a bit of a Faustian bargain.