Report: Fidelity Writes Down Investment in Snapchat


A report Tuesday in the Financial Times said that investment giant Fidelity has written its investment in Los Angeles-based Snapchat by 25 percent, citing data from a Morningstar report. It's unclear why Fidelity wrote down the value of its investment in the disappearing messaging service. snapchat fidelity writedown investment write down finance messaging instant disappearing unicorn

How To Write An Effective Answer On Quora: Communications 101


I write a bit more about how entrepreneurs can protect their ideas here: Spilling The Beans. After investing a few seconds of psychological energy attempting to recognize the character, many readers were willing to read the rest of my response in order to learn the figure’s identity.

Where is the best source of early stage investment?


If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

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How I Invest

Both Sides of the Table

During the Q&A I was asked about how I make investment decisions in early-stage businesses. I answered in the same way I always do so I thought I’d just write it publicly. “I I know that sounds trite but it’s the best way I can describe my early-stage investments. If I don’t do both then it’s highly unlikely I will invest. I know now that investments will consume many hours including late nights / early mornings and weekends.

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Invest in Lines, not Dots

Both Sides of the Table

In normal times investors will look for “traction&# before investing. I spoke about this more in depth in these two posts: 4 things I look for in an investment & how to manage VC relationships. I didn’t invest in Orgoo but by the time he launched

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Some Reflections on VC Investment Decisions

Both Sides of the Table

I started in 2007 with a thesis that my primary investment decision would be about the team (70%) and only afterward about the market opportunity (30%). But they are also a tax on your time with portfolio companies, looking for new investments, running your shop and honestly they are a tax on your family life. I know I can’t be in every deal and I know that the easy part of being a VC is writing the first check in a deal.

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The #1 Question to Ask Before Starting Any Case Study


Maybe fast return on investment is just one of the messages. Share: Case studies in the sales process Case study writing customer case studies Customer success stories Writing Customer StoriesA customer story can't just be interesting or results-oriented. It also needs to sell.

How Do I Feel About the Snap IPO Given I Didn’t Invest?

Both Sides of the Table

Every tech or major news journal in the country is preparing to write their Snap, Inc (creators of Snapchat, Spectacles, etc) stories and many of them seem to want a “How does it feel to have missed this investment story.” But local VCs don’t deserve to get beat up for not investing.

Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. The lucky cards some angels are dealt with mostly have to do with the timing of their investments.

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Angel Investing Skill 2 – Domain Knowledge

Both Sides of the Table

And we all know that Ron Conway is considered the savviest of angel investors and yet by definition not all of his investments succeed. I like to invest where I have a personally strong connection with the entrepreneur and/or a strong intuition on the market from prior experience.

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The “inciting incident:” Movie scripts tell us how and when to look for investment.


None of the angels in my group is likely to write a check without hearing and believing a story about how something dramatic is about to happen. By David Steakley. If you are a screenplay writer, you are familiar with the dogma of the inciting incident.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

They have marked-up paper gains propped up by an over excited venture capital market that has validated their investments. Logic tells me the following: It is hard to make money angel investing. It was an investment management class. I will write about some of these topics soon.

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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on my background. To some extent Keith Rabois agreed with me about domain knowledge and argued that most of his investments are in the consumer Internet space as a result.

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The makers of the virtual influencer, Lil Miquela, snag real money from Silicon Valley

TechCrunch LA

i am deeply invested in the drama surrounding lil miquela and now you all have to be too. It’s less well-known that the company is backed by some of the biggest names in venture capital investment — firms like Sequoia Capital.

I Just Invested in @Burstly, a Mobile Ad Management Company

Both Sides of the Table

I’m very pleased today to announce that I invested, on behalf of GRP Partners, in Burstly alongside Rincon Venture Partners , an early stage VC in Southern California whith whom we love to work (and were our co-investors on RingRevenue ). As I naturally get asked all the time why we invested in Company A or Company B, I thought I’d just put forth my thesis in writing. Naturally I’m excited about this investment or I wouldn’t have done it.

Why I Invested in Gogii (textPlus) – My First Ever Later Stage Deal

Both Sides of the Table

This is a post I’ve been dying to write for 18 months. I invested in LA-based Gogii , one of the fastest growing, most exciting mobile social networking companies you’ve never heard of and maker of a product called textPlus. I only recently invested and I only got here through persistence. I quietly watched their success from the sidelines and kept spending time with and telling the CEO, Scott Lahman, that I wanted to invest in his next company.

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How to Quickly Build a Customer Base With Lead Generation Tools


Luckily, there’s an abundance of lead generation tools that busy professionals can use to start building a subscriber base without investing too much time. With content management systems like WordPress , getting a site up and running is no big deal.

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Framework Benchmarks Round 16


Mostly so that we can use the opportunity to write a blog entry and generate hype!) But most importantly, I think, we created the project with a hopeful mindset of “perhaps we can convince some people to invest in performance for the better of all web-app developers.”.

Sagewise pitches a service to verify claims and arbitrate disputes over blockchain transactions

TechCrunch LA

If a dispute cannot be self-resolved, parties then graduate to a dispute resolution marketplace of third party vendors,” Wan writes. Sometimes smart contracts can be pretty dumb.

Innovation and Geography


skip to main | skip to sidebar SoCal CTO Tuesday, February 20, 2007 Innovation and Geography I ran across a post in Read/Write Web - Does Location Matter in Web Innovation? that talked about a recent NY Times article When It Comes to Innovation, Geography Is Destiny. Reading the articles and the comments is probably worth it, but I personally think that the NY Times is overstating the advantage of being in Silicon Valley with a couple of exceptions.

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A Chat With Kelly Perdew: Moonshots Capital And Its First Dedicated Fund


In 2014, a West Point buddy of mine, and also a serial entrepreneur, Craig Cummings started working together to find entrepreneurs we liked, to help them an invest in them, along with Luis Villalobos of the Tech Coast Angels. We have continued to hone our thesis, and this gives us the ability to move the needle, and help more entrepreneurs we are investing in by being thd lead on a term sheet. We did our first close on the fund, and have made a number of investments.

Tech Coast Angels: We Have Higher Returns Than Angel Averages


The Tech Coast Angels , Southern California's biggest angel investment group, says its performance record and returns on its investments are higher than the average angel, in nearly all categories, based on a new academic study. return on its investments, based on an analysis prepared by Dr. Rob Wiltbank and Professor Wade Brooks for Willamette University and the Angel Resource Institute (ARI). in active investments.

Will your company’s sale be celebration or silence?


And finally, there are the thirty-plus sad exits that were complete write-offs for the investors, sometimes regaining some portion of note-holder or creditor money in the process. First, there are at least three types of exits.

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Pipeline Fellowship | Raising Women to Become Investors

Tech Zulu Event

Men have dominated the world of investment. There were only 22% women who invested in 2012. Natalia Oberti Noguera is on a mission to help change the demographic of investment with her Pipeline Fellowship. There are not enough women in the world who are investing.

March Capital Partners' Jim Armstrong On A New, $240M Venture Fund


Santa Monica-based March Capital Partners ( has just announced a brand new, $240M venture investment fund, led by longtime venture investing veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery. What is the investment focus for this fund?

Early stage money: The problem with PPMs


Bill Payne has been actively involved in angel investing since 1980, funding over 50 companies and mentoring over 100 more. I don’t fund new companies that have prepared PPMs for investment. The PPM does not meet the investing terms and conditions of the angels. By Bill Payne.

Interview with Marlon Nichols, Cross Culture Ventures


Nichols is a former Kauffman Fellow and investment director at Intel Capital, and tells us how his fund--which he co-founded with Atom Factory's Troy Carter--is looking to find companies solving large problems outside of the typical Silicon Valley bubble. Cross Culture's investments include Mayven, LendStreet, Wonderschool, and Fair, among many other investments. Talk about Cross Culture, what your investment areas are? We take a thematic approach to investing.

TYLT Labs' New Seed Fund And The Promise Of Silicon Beach


Among those funds is TYLT Lab (, which recently announced a new, $20M early stage investment fund specifically focused on companies here. Tell us a little bit about your investments and firm? We''ve also had a pretty wide range of check writing in terms of amount.

10 Tips for Crafting Your Executive Summary

Tech Zulu Event

Here’s how to write an executive summary with impact: 1. Just as I don’t recommend you outsourcing the writing of your business plan, I wouldn’t pass on this task. It’s your job to show that your investor will win on this investment.

Why Titles Matter a Lot if You’re a Blogger

Both Sides of the Table

When I first started writing this blog several years ago I had less followers than you have right now. But the realist in me knew I couldn’t write daily nor could I convince you to think to check out my blog with regularity.

Counting Angels

Steve Reich

” Everyone has a vision that one or two “Super Angels” will write million dollar checks and all will be well. Put yourself in their shoes–they are busy and have multiple investments. Uncategorized angel investing entrepreneur funding Malauzai startups

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Interview with Derek Norton, Watertower Ventures


We are going to write checks of between $100,000 and $500,000, and we are going to invest in what we are calling first institutional capital. Where are you planning making investments? Derek Norton: We're investing in Los Angeles, the Bay Area, and New York. Our investment thesis we refer to as the connected consumer. Companies like Zefr, Scopely, and others I did not write a check, because you have a different mindset as an individual investors.

Find Your WHOs

Tech Coast Venture Network

Start by writing a profile of WHO you are looking for. Tags: Food For Thought investment motivation success who Frumi Barr A WHO is anyone who is willing and able to get you closer to your desired outcomes. If people can be successful doing things they don’t really care about, then they should be wildly successful at something that actually matters to them.

How to Talk About Valuation When a VC Asks

Both Sides of the Table

I thought I’d write a post about how to talk about valuation at a startup and give you some sense of what might be on the mind of the person considering funding you. If you’re talking with a typical Seed/A/B round firm they often have ownership targets in the company in which they invest.

Niche marketing works. Here’s how.


You’ll wonder: ‘’Is this a worthy investment with probable payback in revenues? Here’s a quick nod to the folks at Colour Graphics for urging me to write this insight. Close.