Do Venture Capitalists Suck?

Dave McClure, formerly with PayPal now at 500StartUps, posted a great article this past week he titled, “Scaling Venture Capital. We suck. We can do better.” I encourage you to read it.

Dave makes two points. The first point is that most venture capitalists are hypocrites. They expect entrepreneurs to build large, global companies while they as venture capitalists have never personally held an operational role nor built and scaled a large, global successful company.

I think it is this issue that tends to cause a lot of friction between entrepreneurs and venture capitalists and it is this point I am going to focus on here.

Back To The Future….

I recently had the opportunity and pleasure to speak on a panel held at Oracle HQ in Redwood City, CA. It was a small conference – sponsored by Oracle – and attended by current Oracle ISVs to discuss the issues of converting and/or building a SaaS business. The panel was moderated by Kevin Dobbs with Montclair Advisors .

Joining me on the panel were Byron Deeter, a GP at Bessemer Ventures and Joel York, CMO at Xignite. I really enjoyed the panel members and the audience interaction and was reminded again just how bright the people are throughout Silicon Valley and how fortunate I have been to work in an industry where the US still continues to lead the rest of the world.

Are Large Incumbents Structured and Motivated to Innovate? Spin Ins Might Help

I wrote about the dearth of innovation within large companies a couple years ago but I didn’t post anything in this blog on the topic. Based upon a number of conversations I’ve had lately, I thought I would dust off  and update what I’d said previously and reintroduce the idea here.

I look forward to any feedback you might have. 

Tangible Small Business Results from Social Media

Cool infographic regarding small businesses and their use of social media. This demonstrates some tangible business value now being derived from leveraging social media sites.

How Small Businesses Are Using Social Media – crowdSPRING
Crowdsourced Logo and Graphic Design by crowdSPRING

Is Your Business Idea “8 Minute Abs” or “7 Minute Abs”?

For those of you who have seen the movie “There’s Something About Mary”  – the 1998 comedy starring Cameron Diaz, Ben Stiller and many other great actors/comedians – there is a scene where a hitchiker (Harland Williams) is picked up by Ted (Ben Stiller) and the hitchhiker – who the audience knows is a psychotic killer – starts telling Ted about his great new business idea: