venture capital

Startup Genome Launches Global Mission

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Our Startup Genome project got some excellent coverage recently in the Silicon Prarie News. I've appended the text below. It captures what we're trying to accomplish for entrepreneurs and others in the startup ecosystem worldwide.

We've got a burgeoning group of remarkable city and state curators all around the world and we're honored to have Brad Feld of Foundry Group and Startup Revolution join us recently as curator of Colorado. Exciting stuff for sure and more to come soon with new releases.

Feel free to check out Startup Genome to learn more about our mission.

 

Startup Genome takes local approach categorizing, visualizing ecosystems

OMAHA AUGUST 22, 2012 by SARAH BINDER

Dave Lerner created maps of the startup ecosystems of New York City (partially shown above, click for full) and Boston. Inspired, Shane Reiser reached out. Today, the two are working to take Startup Genome global. 

Ever wished you had a directory of all the startups in your city? All the investors who were interested in technology? Or just the right person to join your team?

Startup Genome, an effort by Shane Reiser of Omaha (far left) and Dave Lerner of New York (near left), aims to put all that information on a map, for every startup hub in the world.

Of course, this isn't a new idea. Startup enthusiasts around the globe have data tucked away in spreadsheets or mapped out on whiteboards. The best-known tools for organizing that sort of information include CrunchBase and AngelList.

Reiser, who also works full time with Kohort, noticed while traveling to different cities organizing Startup Weekend events that homegrown directories weren't easy to share, weren't interconnected, usually weren't up to date and were almost never very visual or interactive.

When he saw that Lerner, an entrepreneur, investor and professor, was making maps of New York City andBoston, Reiser reached out.

The goal, Reiser said: "One place where entrepreneurs can find everything they're looking for in their local community."

Use of local curation is what sets Startup Genome (which is not to be confused with the unrelated Startup Compass tool, the Startup Genome Compass) apart from other databases. While anyone can add to Startup Genome, a team of local curators will monitor and edit the information for their community. For instance, the organizers of StartupIowa announced on Monday that they will curate the Iowa Startup and Entrepreneur Directory.

Reiser's belief in the need for local curation was reaffirmed as he edited Startup Genome data for Omaha. After importing data from CrunchBase, Reiser ended up deleting nearly 60 percent of it — including fake companies, dead companies, individuals who had moved on and companies and individuals who weren't really related to startups. Reiser said Startup Genome started with a list of nearly 150,000 companies nationwide, but that has since been edited down to about 80,000.

Reiser said it will be just as important to keep the wrong information out as it will to get the right information in. Initially, startups, founders, investors and resources will be featured while consultants and service providers will be stripped away. Reiser said those auxiliary services might be added back later.

While Reiser and Lerner started discussing the project months ago, Startup Genome has only been in development for eight weeks. Reiser said the site is currently a minimum viable product. The basics are there — including profiles for people and companies, the ability to search by location and filter results (left) — but a lot of functionality, including AngelList integration and a publicly-available API, is still in the works.

The Startup Genome team also hopes that adding visualizations can make the data more useful and aesthetically pleasing. The first will be a Google Maps layer. The second will be a mind map, which is a type of graph that shows the relationships between data points. For example, if you selected a company on the mind map, you might see employees on one side, investors and mentors on another, and all the companies those people are connected to beyond that. Once the API is available, users will be able to build their own visualizations, too.

Startup Genome is a bootstrapped side project for Reiser and Lerner. While the mission is global, they're keeping an eye on the local.

"We care a lot about the city-based startup community," Reiser said. "We want the city to really own their Startup Genome page, and do what they want with it."

Lerner explains Startup Genome in the video below. For more information, visit the blog

John Walker of Echoing Green on Seed Money for Social Entrepreneurs

We sat down recently with John Walker, (aka "Johnnie Walker Black Label" as I call him), who is the finance director of Echoing Green, a seed-funding foundation that has disseminated $31 million to ambitious social entrepreneurs.

John's an expert in this space and tells us the story of Echoing Green, which was launched in 1987, named after a William Blake poem about creating a better world. In 2002, Echoing Green was recast as a global non-profit by one of its alumni fellows.

Echoing Green has funded the ideas of more than 500 fellows. “We’re looking for people who have the maximum potential to create social change,” says Walker. “It really is about that single individual person.”

If you need subtitles to understand my friend John's great Scottish brogue let me know. 

Enjoy

 

Will This Platform Change Startup Funding Forever?

We sat down recently with Mike Norman, co-founder of Boston-based WeFunder.

Wefunder’s platform seeks to offer an alternative to the traditional funding rounds a startup normally has to go through by marrying it with the popular crowdfunding techniques found on websites like Kickstarter and IndieGoGo. Wefunder splits from the aforementioned platforms in two key ways: It actually does allow businesses to use the platform, and potential funders are also offered a stake of equity in the company. 

It’s innovative — and was nearly legal at the time of filming. Wefunder became active upon the subsequent passage of the recently congress-approved Jumpstart Our Business Startups (JOBS) Act, which centered on a provision that allows small and medium-sized companies acquire traditional business funding through crowdfunding methods. It could be huge win for Wefunder and the startups interested in using the platform.

Do you believe this is the startup pathway of the future? Let us know in the comments.

Note: This video was produced before the passage of the JOBS Act on March 27.

 

Ron Gonen, Founder of RecycleBank

We sat down with Ron Gonen, Founder of RecycleBank recently, to discuss his experience founding and growing Recycle Bank over a seven year period. Today, the company has over 3 million members and is working towards a world without waste by rewarding people for taking everyday green actions

Enjoy.

 

How a Harvard Dropout Raised $24 Million in a Recession

 

Since Alexa von Tobel dropped out of Harvard Business School to create LearnVest in late 2009, her personal finance startup has attracted more than 100,000 users and raised $24.5 million in funding.

Von Tobel stopped by Venture Studio to talk about her story, as well as shed light on LearnVest’s latest feature, Career Bootcamp, which teaches users how to negotiate a salary and to how to make sure they’re in the right job. She also spoke about her inspiration for LearnVest, why she dropped out of Harvard in the middle of a recession and what advice she’d give to those who are just starting their own businesses.

The whole interview is on Venture Studio, just click on the photo to check it out.

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Venture Studio (27): Sachin Kamdar, CEO Parse.ly

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I met with Sachin Kamdar recently, CEO of Parse.ly. In essence the company allows online publishers to optimize their existing content through personalization. Users get to visit their favorite news sites, but with Parse.ly those sites now understand the tastes of their readers and can deliver more relevant content to them. Their products have already driven millions of clickthroughs for their customers and their newest product, Dash, now tracks over 500 million pageviews a month and is growing rapidly. 

Sachin and his co-founder Andrew Montalenti have a great story- and they way they've stuck together through thick and thin, their inventiveness, willingness to adapt to the needs of the market is simply awesome.

My favorite line was: "... get product market fit, gain the domain expertise, be persistent and eventually you get there..."

Enjoy

00:10 What is Parse.ly?

00:23 Their new analytics system: Parse.ly Dash (capturing >300 million page views per month)

00:56 The origins of the company, how the cofounders literally worked nightly to figure out what they should do (while holding down day jobs), and eventually got into DreamIT Ventures accelerator

2:23:  Their funding story (Blumberg Capital, ff Ventures, Scott Becker and other angels)

3:25:  The challenges they encountered prior to receiving funding, ie. doing consulting on the side to help bootstrap the company, etc! What qualities Sachin thinks it takes to succeed

 

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Venture Studio (26): John Frankel, Founding Partner, ff Venture Capital

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I recently had the pleasure of visiting with John Frankel, founding partner of ff Venture Capital, at their beautiful new NYC headquarters.

Originally from England and with 21 years at Goldman Sachs under his belt John brings an unconventional background to the table as a venture capitalist. Yet his approach is not what one might expect upon hearing this singular detail.  I learned, for example, that he's been actively investing in early stage startups (such as Quigo (sold to AOL) and Cornerstone onDemand (now CSOD on NASDAQ) for well over a decade before finally deciding to leave GS and starting his own fund full-time. I also learned that he has a unique (and refreshing) sense of the notion of "risk" in the realm of early-stage investing. Lastly, I learned that he's immensely thoughtful about the macro trends and forces at play in and around the tech space- not surprising from a guy who studied philosophy at Oxford.

Anyway- my favorite line was when he said in a tongue & cheek way that during all those years at the bank he was asking himself what he wanted to do "when he grew up". Looking at ff's formidable portfolio and the amount of fun he's having working with great entrepreneurs who want to change the world- it seems that he's found his calling.

Enjoy!


00:05    Coming to VC from  a so-called non-traditional background

01:32     Transitioning from angel investing to full-time venture investing

02:23     John's great and original take on the notion of early-stage investing being "risky"!

03:21     What motivates him as an investor? (Some great stuff here) "A better education than he received at Oxford"... "Working with great entrepreneurs who   want to change the world"

04:19     John's take on where things are going and all the "bubble talk" these days

05:50    "We continue to see an unbelievable number of amazing companies"

06:22     On getting in touch with @ffventure  (warm intros please!)

 

For the full interview click on the image of John just below: 

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Venture Studio (24): Paul Gollash, CEO of Voxy

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Hope you enjoy my recent interview with Paul Gollash, CEO of Voxy- a language learning company with a uniquely practical, mobile & real-world model. Paul recently closed on a Series A round of $2.8million from Seavest, Countour Ventures and FF Venture Capital- and he's hiring!

00:11   Paul describes what Voxy is

00:29  How does the service work?

00:58  Some examples/use-cases

01:48  Where they are in the fundraising process?

02:45   What are the big challenges for him as an entrepreneur?

03:52   What's next for Voxy? (They are hiring!)

 

For the full interview click on the image of Paul just below:

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Venture Studio (23): Neil Capel, CEO of Sailthru

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I sat down recently with Neil Capel, CEO of SailThru, a company that was born out of a need for a higher standard of email delivery. We met at his offices @ AOL Ventures.

In our conversation Neil describes how he went from consultant at Morgan Stanley just a few years ago to founding a company that will soon be expanding globally. He takes us through his experience of first bootstrapping his company and building a team, to raising a seed round last year, to their $8 million Series A round.

He also gives specific advice to folks like himself who have the entrepreneurial drive- but who are working in large company environments.

Enjoy.

00:06 – What is Sailthru and how does it work?

01:14 – How Neil started out

01:36 – The story of Sailthru's scrappy beginnings, bootstrapping, credit cards, moonlighting, etc.

03:03 – Their first round: all NYC investors: AOL Ventures, RRE, Metaphorphic, Thrive, Lehrer Ventures, DFJ Gotham

03:21 – The big secret in building a team!

03:54 – Something about their customers

04:03 - What's next for Sailthru

04:45 - Neil's awesome advice for entrepreneurs that are just starting out! (Going full force!)

For the full interview click on the image of Neil just below:

 

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Venture Studio (22): Reece Pacheco, CEO of Shelby.tv

 

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I recently met with the entrepreneur who's trying to transform the way we share, discover and enjoy web video. Reece Pacheco, CEO of Shelby.tv and his team can take all the videos you've been linking to on facebook and twitter and pull them all together into a custom channel for you. They're making discovery and sharing a lot easier, more personalized and of course- enjoyable.

Reece also has a really unique background having traveled the world and worked in Hollywood for a while after his Brown University years and also having been a professional lacrosse player before diving into tech entrepreneurship! He also founded TeamHomeField with Joe Yevoli before launching Shelby.tv which is still going strong. Reece founded Shelby with his good friend Dan Spinosa who he met while they were students at Brown.

Everyone who knows him knows that Reece is an entrepreneur who is all about teamwork, hustle and making it happen- hope you enjoy this as much as I did.

Follow Reece on Twitter

00:11 - What is Shelby.tv and how does it get viral?

00:52 - How did it all come together?

2:05 - How Reece approached the investment community (great stuff here!)

3:53 - Reece describes the TechStars experience, the mentors, speakers, month-by-month process

4:45 - Cracking the big problem of sharing video on the web

6:01 - Walking off stage at TechStars demo day & being intro'd to investors

 

For the full interview click on the image of Reece just below:

Reece Pacheco

 

Venture Studio (21): Stacy Spikes, CEO of MoviePass

 

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Are you one of those people that actually loves going to the movies? Do you like to go with the family, a date, or solo? Whatever it is- has Stacy Spikes has got a deal for you! In this conversation learn what Stacy, CEO of MoviePass is up to. He's trying to change the way the whole movie-going experience works. Others are obviously big believers- he's backed to the tune of $1.5MM in seed money from the likes of AOL Ventures and True Ventures. You also have to listen to the story of what he's gone through as an entrepreneur to make MoviePass a reality. It's real-life stuff we entrepreneurs benefit from hearing about. Stacy came up in the business at Miramax and then deepened his experience in the space by founding urbanworld and growing it into the largest minority film festival in the world.

For the full interview click on the image of Stacy below:

Stacy Spikes

Venture Studio (20): Ari Jacoby, CEO of Solve Media

If you're curious about what kind of entrepreneur it takes to get funded by the likes of Chris Dixon, Roger Ehrenberg, Aydin Senkut, Brian O'Kelly, First Round Capital and AOL Ventures- have a listen.

I recently sat down with 3x entrepreneur Ari Jacoby, CEO and co-founder of Solve Media. Ari's a super-smart guy who somehow found time between various startups to work at Reed-Elsevier and Google. In our talk you'll hear just how he's positioned Solve to replace traditional CAPTCHAS in a very clever manner that actually generates revenue for publishers and improves user experience. Enjoy.

There are two videos following. The one just below is a description of Solve's product:

For the full interview click on the image of Ari below:

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Venture Studio (19): Lee Hoffman, CEO of Veri

 

A few weekends ago I sat down with Lee Hoffman, CEO of Veri at TechStarsNYC headquarters during a gathering they were having for the outgoing crop of TechStars companies. (That’s what all the noise is in the background). Many thanks to Dave Tisch and his terrific team for setting this all up and accommodating us.

Lee is a very talented guy who is a both a developer and designer and I jokingly like to say that he and Reece Pacheco are part of a burgeoning “Brown University Mafia” that has descended in NYC of late. I not only learned a lot about Lee’s trajectory as an entrepreneur and about his extraordinary vision for Veri but unwittingly he ended up giving us all a master class on entrepreneurship through the telling of various stories of startups he was involved with, mistakes that were made and many of the ups and downs he's encountered.

You'll find the whole interview here at: Venture Studio

 

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Pop Quiz on the Airbnb Debacle

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If you missed the whole Airbnb affair- (now referred to as #ransackgate), you should probably consider yourself lucky and should stop reading here. You probably don't rent your house out to perfect strangers too often so this piece of news passed you by somehow. Perhaps you were more focused on how the Syrian government just wiped-out 70+ civilians last night or how a nutjob in Norway savaged a similar number of people in a national tragedy. Maybe you're one of those people that knows there is a famine going on in Somalia even though it's not getting too much press.

Still here? Well- then you probably heard that a meth addict used an alias on Airbnb recently to rent a person named EJ's house while she was travelling and then proceeded to violate, steal, defile, destroy the victim's home. What happened to EJ's home is horrific and criminal. Anyone who's had something stolen from them has some sense of the outrage and sense of violation and pain that comes with this territory. The alleged offender is apparently in custody now and will hopefully be tried. If she is indeed found guilty- I hope she'll be convicted and jailed to the full extent of the law.

But we haven't heard much about this "alleged" low-life. Media coverage of the crime has instead focused either on Airbnb's alleged complicity in EJ's misfortune and/or their poor handling of the P/R aspects. The alleged felon who committed this odious crime is hardly mentioned. This is not surprising. Airbnb's success and billion dollar valuation make it a perfect target for this sort of criticism. 

Could and should the founders have handled the P/R aspects a lot better? Definitely! But who are we kidding- did they really have a chance?  The headlines here are simply tailor-made for generating eyeballs. I am not making these up:

Airbnb Pillage Victim Says Company Tried to Keep Her Quiet

A Billion Dollars Isn't Cool. You Know What's Cool? Basic Human Decency

The Airbnb Horror Story Continues

You read these headlines and it sounds like Airbnb is some kind of rich serial murderer on the loose- pillaging and laying waste to scores of innocent and kindly citizens in its path.

Much like the Craigslist imbroglio of past years, this entire Airbnb affair has again brought to the fore questions about where a company's responsibility (legal and ethical) to its customers' safety begins and ends. Rather than presenting a long opinion on the matter I've instead decided to ask some admittedly facetious questions. For the sake of brevity I've made them multiple choice.

When a car-maker manufactures a car what scenarios do they need to anticipate? For example, is it morally or ethically obligated to protect its customers against:

a) car-jacking attacks

b) hitch-hiking meth addicts that drivers pickup on the road and invite into their car 

c) damage caused by strangers to whom drivers lend or rent their car to for free or for a fee

d) none of the above (muttered under one's breath)

Should the car-maker be obligated to place disclaimers on the driving wheel of the car warning people that inviting strangers into their car out of the goodness of their hearts or for a fee comes w/certain risks?

a) yes- people are not intelligent enough to know this and need to be treated like children

b) yes- car-makers are greedy and want to save money. They should be monitoring all their drivers via video cameras and be able to intervene via installed speakerphones when their customers are making dubious choices

c) yes- we need to legislate this. I am calling my congressman

d) none of the above (accompanied by possible expletive)

Oh wait, carmakers are brick and mortar businesses. They don't count. What about if someone uses a fake LinkedIn Profile on the internet and invites me to become a connection with them because we share two business groups in common? Then that person wants to have coffee and they seem cool and I let them stay at my house while I am vacationing and they trash my house. Shouldn't LinkedIn vet these people? Wait- what if instead of trashing my house that person partners with me in a new business and then steals all the cash I put in the business bank account?

a) yes, LinkedIn sucks! They are too greedy and don't bother to vet people on their network.

b) yes, LinkedIn should actually pay for the damage to my house. Their business model doesn't really protect me enough. I thought this person was legit! I'm calling my lawyer. 

c) this is an outrage- the LinkedIn founders don't care about their customers. They've gone IPO and cashed out. I'm calling my congressman.

d) you know it by now :)

For Part 32 in in this Series, click here

So, You Think You Have to Deal With A**holes? Think Again

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If this is your first visit you may wish to follow me on twitter here, my RSS feed here or subscribe via email here

Who hasn't dealt with the occasional a**hole at work? Every American knows it to be one of the unavoidable rights of passage for an employee. Think about it- you have voluntarily chosen to work in an environment created by others and staffed with people not of your choosing. If you didn't have the luxury of choosing carefully you are basically a victim waiting to be victimized.

In fact, I agree with Mark Suster, who often makes the point that getting away from a**holes is probably the single greatest motivator for entrepreneurship in the world.

One thing that frustrates me to no end however, is hearing people who work for a wage complain constantly about all the unpleasant people they have to work with. My view is simple- if you can't stand it, no one is forcing you to work there so why not get the hell out of there? Start bootstrapping a business, join a startup, find a better environment- do something- but by all means- stop whining about it.

So for everyone that thinks they have it tough, here's the true story of a buddy of mine who's going through some tough times right now dealing with some real a**holes- and I mean a lot of them!

This guy is actually an incredible salesman and entrepreneur and co-founded a venture-backed company for 3 years that ended up going sideways after a herculean effort on his part. He was recently getting set to be a part of yet another venture but his wife let him know that she'd prefer it if he took a steady job for a while as they had plans to start a family. It so happens that she has a great job that pays well and has been the family's primary source of income for the previous four years of their marriage. Being a good spouse, he obliged and began a job hunt in earnest...

I saw him recently and asked him where he ended up working. It turns out was able to land a sales position with a medical device company wherein a large part of the job involves him assisting surgeons with a procedure that utlizes this company's device. He makes approximately $1,000 per procedure- not bad, right?

There's a slight problem. The procedure, which he described in excruciating detail, involves people's a**holes- literally. Yes that's correct- you read it right.

Basically, he has to prep the patients (many of whom are elderly and not terribly hygeinic) using iodine and then pieces of tape to "set the stage" for the physician (I won't elaborate), talk to the patients before, during and after the procedure as they are only slightly sedated during these surgeries, and deal with a miasma so rancid that he is often suffering from nausea throughout his workday. (The surgical mask is apparently no match for these odors). There are multiple such procedures daily and he dutifully assists the surgeons as this is part of the excellent customer service he must provide.

I want to point out that the story he told me was so foul that at some point I actually asked him to stop. (Normally I am a pretty good listener). I was literally becoming sick after just a few minutes of hearing about what he has to actually do 5 days a week.

The crazy thing about this was that the guy wasn't complaining to me. He was just telling me about it and saying that he needs to hang in there for now as it pays well and they're going to start a family soon.

Here's someone who has one of the most disgusting jobs a person could ever imagine- and he's handling it somehow. It was profoundly humbling talking to him. Next year he'll be on to his next start-up no doubt- but for now he's taking care of business and making sacrifices for his family's well being.

Anyway- there's some motivation for you next time you're dealing with some a**holes at work or are finding it challenging to bootstrap your next venture.  :)

For Part 31 in in this Series, click here

Venture Studio (18): Mike Brown, Jr., Partner & Founder AOL Ventures

Recently I sat down with the terrific Mike Brown, Jr., one of the Founders and a Partner at AOL Ventures, the VC arm of AOL which focuses on Seed and Series A non-strategic investing in tech-oriented consumer internet companies.

Mike comes to AOL Ventures from the Virgin Group's investment arm and talked with us about the history, vision and approach of the AOL fund- which you'll learn is definitely not your typical corporate venture arm. He recently moved the operation to the venerable Brooks Brothers building on Broadway and Bond in NOHO and absolutely did wonders with the space- check the video below for footage. In 1874 the New York Times effused as follows concerning the place: “Externally it is an ornament to the street, and its internal arrangements are of the most perfect kind.” I can state unequivocally that this description still fits the bill and that all AOL Ventures portfolio companies headquartered or being incubated there are enjoying one of the best workspaces I've encountered in NYC.

Learn about how AOL Ventures' approaches investing in the very early-stage sector of a startup's lifecycle in our conversation below:

You'll find the whole interview here at: Venture Studio


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Venture Studio (15): Brad Hargreaves, Co-Founder of General Assembly

 

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Welcome to this week's conversation with Brad Hargreaves, entrepreneur, blogger and co-founder of General Assembly.

You'll find the full interview here at VentureStudio

 

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Venture Studio (14): Bo Peabody: Entrepreneur, Venture Capitalist, Author, Restaurateur

This is Episode (14) of Venture Studio

Welcome to this week's conversation with the multi-talented Bo Peabody, founder or co-founder of Tripod (acq. by Lycos/Terra), Everyday Health, VoodooVox, HealthGuru, UplayMe, Village Ventures, (a NYC-based $135m venture fund focused on both the media and financial services sectors), author of the book, Lucky or Smart, and owner of the hospitality company Mezze, Inc. which operates three award-winning restaurants he started. (Yes- I can personally confirm that Mezze Bistro up in Williamstown, MA is a great spot if you're ever in the area for the summer theater festival or just passing through).

We caught up with Bo in NYC recently, and in the interest of time focused our conversation on his against-the-grain habit of founding and investing in content companies- which he has been doing for years with great success.

It's no surprise- he's been an iconoclast since I met him some some seventeen years ago when he was a college student launching Tripod in the very early days of the web. Hardly any one knew or understood what the heck he was doing back then- but he did. Enjoy.

:40  -  Why does Bo invest in content when most everyone else runs from it? 

1:41 -  Learn about Everyday Health (largest health property on the web)

4:10 - We discuss portfolio companies: Health Guru, Tech Media Network, Babble, Daily Makeover, Travel Ad Network, Trefis

6:57 - Who is Bo syndicating with these days?

8:20 - What's the right deal pace for a venture fund?

9:00 - We discuss Lucky or Smart and the recent Business Insider series

11:53 - Bo's take on the Village Ventures and their expansion


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Venture Studio (13): Jeff Clavier, Founder SoftTech VC (or, "A Well-Tempered Clavier")

This is Episode (13) of Venture Studio

I sat down recently to speak with with angel investor turned MicroVC, Jeff Clavier, @jeff, founder of SoftTechVC I, II & III on a recent visit of his to NYC. (My thanks to the great people at Polaris Ventures' DogPatch Labs down in Greenwhich Village for hosting our talk.)

Jeff is a fascinating guy who saw a special opportunity in 2004 to invest in capital-efficient Web 2.0-type companies and got into angel investing in a big way, investing his own money in 20+ companies. He turned out to be enormously gifted at it. Hearkening back to my recent Series on Angel Investing, he most certainly skipped the "Mug" phase that Mark Suster and I have joked about. 

He then had the opportunity to raise a small fund and thus became what the press like to call a "Super-Angel"- but what really is more aptly-named, a MicroVC. After 65 investments in this Fund (SoftTech VC II), he has now launched SoftTechVC III, (aka "the real-deal"as he jokingly called it) which will still be a "small" fund, but certainly considerably larger than II.

It was great to hear Jeff's perspective on early-stage investing, the market segments that interest him these days and how he has evolved over the years as an investor. Enjoy.

:26  -  A little background on @jeff & how he first got into angel investing

1:19 -  Raising his first micro-fund in 2004, which was $15M in size

1:43 - The pioneers in the MicroVC space, including Josh Kopelman

2:23 - On making 65 investments in SoftTechVC II w/10 exits already(!)

3:05 - Launching SoftTechVC III & venture partner Charles Hudson

4:14 - What types of companies/sectors will III be investing in? (See Matrix)  Listen carefully here about Jeff's approach to various sectors

6:02 - After 99 investments & reaching this level- what changes in your approach?

7:21 - Epic Line: "In our business there's no pride- we basically do whatever it takes to help our companies"

7:31 - Jeff's perspective on acquisitions (of which he's had 17!) and how he works w/his portfolio company entrepreneurs in this regard

9:01 -  Has he noticed network effects amongst his portfolio companies?

9:55 - Jeff invests in a bunch of NYC companies- what are his thoughts on NYC?

11:11 - What are the biggest challenges for him?

12:47 - What's an average day like for Jeff?

 

SOFTTECH VC III (so far)

SoftTech VC III Portfolio


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Venture Studio (12): Matt Harris, Co-Founder of Village Ventures

This is Episode (12) of Venture Studio

Welcome to this week's conversation with Matt Harris, co-founder and Managing General Partner of Village Ventures, a NYC-based $135m venture fund focused on both the media and financial services sectors. Matt founded Village Ventures with his college roommate Bo Peabody approximately eleven years ago and together they've grown their network of partner funds to 15 in size across the United States and Europe.

Matt is the partner in his fund who invests exclusively in financial services companies sitting on the Boards of such companies as iSend, OnDeck Capital, TxVia, BlueTarp Financial and others. As you'll learn in the conversation below, he's extremely bullish on the mobile payments and point-of-sale space. You can also get acquainted with his point of view on things on his blog, aptly named- For The Win.

At the risk of embarassing him it must be said that, (to put it mildly), he's held in great esteem not just by the entrepreneurs in whom he invests but notably by his many peers in the investment community. Enough said.... Enjoy

:20  -  Getting to know Village Ventures- their story 

1:14 -  The Village Ventures network of partner funds

2:05 - The financial services sector & mobile payments in particular

3:17 - The value prop of portfolio company, BankSimple

5:22 - "The linkage between geography & banking has been severed"

6:34 - Portfolio company: OnDeck Capital

7:54 - "Venture is most fun when you are solving a societal problem"

8:04 - Learn about the Village Ventures portfolio

9:24 - What's going on in venture in Europe/UK? 

10:24 -  Matt's thoughts on the Mobile Payments & Point-of-Sale space

 11:17 - I ask Matt about his blog, "For the Win"

 

Click Here for Venture Studio (13) w/ Jeff Clavier, Founder SoftTech VC


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