January 2010
2 posts
3 tags
IA Venture Strategies - Working to Build a Better...
As was ably covered by Dan Primack in PEHub, I am starting a new venture fund. However, as my friends and venture colleagues know, I am extremely down on what the venture industry has become. To be clear, it is less an issue of structure (management + incentive fees in a GP/LP structure) and more an issue of size. It is clear to understand how motivations get skewed when venture firms effectively...
FRC's Exchange Fund: VCs are from Mars, Traders...
Both the blogosphere and the Twittersphere have been abuzz with First Round Capital’s new exchange fund idea. Here are a few extract’s from Josh Kopelman’s post on the new program: This exchange fund was created to allow First Round Capital entrepreneurs to contribute a small piece of the stock they own in their company — and share in the upside of all the other...