There is nearly a constant stream of chatter in the venture community about fielding a product in a highly competitive market. On the one hand, lots of competitors typically indicates that you are in a hot market.
One common trait among our team is that we read a lot. We are curious and we believe in second level thinking – not everything is as it seems. Everything we do as investors and operators has been done before. Our job is to find the best thinking and incorporate it into our strategy, process and execution. This isn’t everything that we’ve read, but it’s a good start.
If you are a Twitter addict, as I am, you will have already heard that Zirtual “paused” operations late last night. You can read all about it here at Business Insider. For those of you unfamiliar with Zirtual, I can get you up to speed fairly quickly.
I recently finished reading Edward de Bono’s Lateral Thinking. I won’t bore you by trying to summarize all of de Bono’s points but it’s an interesting book and I would recommend it to anyone that is looking for new ways to solve problems. I will however, highlight one particular point from this book that I see over and over again.
Fooled by Randomness. I just finished reading Nassim Taleb’s “Fooled by Randomness“. It’s a great read if you like your thought processes to be challenged and are willing to slog through his slightly pedantic style.
One of the biggest problems facing a founder is the decision to step away from the company’s day-to-day operations. In our experience, many founders manage this quite well; but others can find it to be a real challenge.
Our team recently announced the formation of a new private equity fund, ParkerGale. You can click around the site here to find out more details about what we do and how we do it, but I wanted to explain the motivation behind the firm and why we thought now was the right time to launch.
Unless you’ve been on a deserted island without internet access all week you’ve read about Donald Sterling’s galactic audiotape disaster and RadiumOne CEO Gurbaksh Chalal copping to two misdemeanors after being charged with multiple felonies for apparently striking his girlfriend 117 times.
By now, everybody in the galaxy is aware that Facebook is paying some $19 billion in cash and stock for chat application vendor WhatsApp. Congratulations, Sequoia. Great exit for a great group of venture guys.
Many in the technology community were quick to pass off Tom Perkins’ rant in the Wall Street Journal about a coming “progressive Kristallnacht” (yes, he really wrote that if you haven’t heard already) as the ramblings of an aging one-percenter who has lost touch with the real world.
Once you’ve conjured the nerve to block-out the siren call of the Venture Industrial Complex and decided you’re up for the challenge (and reward) of building your technology company the old-fashioned way, what does the road ahead look like?