• !Profits and Social Responsibility
    The relationship between profits and social responsibility is a topic I’ve touched on many times here over the years. I believe you can be a socially responsible person, investor, or company and also be a high performing one. I tweeted this yesterd…
    - 1 hour ago 22 Mar 18, 2:22pm -
  • First On SoundCloud
    Our portfolio company SoundCloud is the first place most musical artists post their music, the first place most musical artists are offered an opportunity to monetize their music, and the first place most listeners discover new artists and their musi…
    - 1 day ago 21 Mar 18, 2:43pm -
  • CryptoKitties
    AVC readers may have noticed that I didn’t blog here yesterday. That’s because I blogged on USV.com instead, about our most recent investment. You can read that post here.
    - 1 day ago 21 Mar 18, 12:49pm -
  • The AT&T/Time Warner Trial
    Trump’s Justice Department goes to court this week to block the merger of AT&T and Time Warner on “anti-competition concerns.” Like most of the things that come out of this administration, this is a joke. HBO has 54 million subscribers and spen…
    - 3 days ago 19 Mar 18, 12:46pm -
  • Your Data Is My Data
    This piece in Recode explains that Cambridge Analytica built an app that 270,000 people used to amass profiles on 50 million people. That’s not very surprising because we are talking about networks here. This is a network graph that my colleague Ja…
    - 4 days ago 18 Mar 18, 1:28pm -

Both Sides of The Table

  • The VC Inclusion Clause #MovingForward
    Upfront Ventures has a deep-seated commitment to equality in funding & building diverse teams across all ethnicities, nationalities and genders. We do this not just because it’s the right thing to do but also we believe it will help drive large and…
    - 10 days ago 13 Mar 18, 12:57am -
  • “Visibility” — A Powerful Lesson on DACA and The American Dream from @LeonKrauze
    León Krauze from Univisión gave an impassioned keynote presentation at The Upfront Summit on the topic of “invisibility” of immigrant workers in our society. It moved people to tears, was widely Tweeted and several people asked me to share this…
    - 16 days ago 6 Mar 18, 5:11pm -
  • “What Unites Us” —Important Lessons from @danrather at the #UpfrontSummit
    “The institution of a free press in America is in a state of crisis greater than I have ever seen in my lifetime, and perhaps in any moment in this nation’s history.” — Dan RatherI sat down to interview Dan Rather at the 2018 Upfront Sum…
    - 19 days ago 3 Mar 18, 4:56pm -
  • How to Succeed as an eCommerce Brand in an Era of Dominant Retailers?
    There has always been tension between CPG (consumer packaged goods) companies and the retailers who sell their products to consumers. If a consumer will pay a fixed price for a product or service then the battle over who gets the margin in any sale i…
    - 22 days ago 1 Mar 18, 2:44am -
  • How Tech Leaders & Venture Capitalists Can Get Out of Our “Man Box”
    If I had just one wish for VCs it would be that they would preview the Ted Bunch “Man Box” talk at the Upfront Summit at their Monday Partner Meetings. I would love it if startup leadership teams would preview it to their executive leadership.We…
    - 23 days ago 27 Feb 18, 6:16am -

Tomasz Tunguz

  • The Salesforce/Mulesoft Acquisition is a Bellwether for the 2018 M&A Market
    Yesterday, Salesforce announced it will acquire Mulesoft for $6.5B. A recent addition to the list of public software companies, Mulesoft is a tremendous business. The company generated $297M of revenue in 2017 at a 73% gross margin, and grew by 58%…
    - 3 days ago 20 Mar 18, 12:00am -
  • Where are We in the SaaS Valuation Cycle?
    Recently, people have been asking just where are we in the SaaS valuation cycle. I last updated the chart above more than six months ago. The answer is close to ten year highs.The chart above shows the median enterprise value to forward revenue…
    - 5 days ago 18 Mar 18, 12:00am -
  • Is Geographic Dispersion of Seed Dollars Really Happening?
    In the US, the median seed round has nearly quadrupled over the past seven years. In the mean time, seed investment has grown more than 7x and then fallen to a bit more than half of the high. As the market has grown and retrenched during that time…
    - 15 days ago 8 Mar 18, 12:00am -
  • Why Does Your Sales Team Lose Deals?
    It’s one of the most important questions a CEO can ask. Why does our sales team lose potential sales? One of the companies I work with, Chorus, listens and analyzes sales calls to provide insights to heads of sales and account executives. Chorus…
    - 19 days ago 4 Mar 18, 12:00am -
  • The Clearest Articulation of a Marketing Roadmap
    Recently, I met an exceptional marketer. She described the purpose, strategy and tactics of a marketing department remarkably succinctly. Marketing’s methods can seem intangible. But she explained them simply and elegantly. I drew the chart above…
    - 21 days ago 2 Mar 18, 12:00am -

Semil Shah

  • The Story Behind My Investment In Astranis
    Back in Q1 of 2016, in my quest to find and fund companies that were providing new ways for individuals and entities to access the Internet, I had heard about a startup in the YC W16 batch called Astranis. I stalked Astranis online, emailed them...
    - 21 days ago 1 Mar 18, 4:42pm -
  • Quickly Unpacking Amazon’s Billion-Dollar Purchase Of Ring
    Over the last few weeks, I’ve uttered the phrase “Amazon needs to buy Ring” or “Amazon will compete with Ring” a number of times. Well, today, they bought Ring, allegedly for a rumored amount of $1.2B or more. Wow! Below, I will quickly unp…
    - 22 days ago 28 Feb 18, 6:18am -
  • The Story Behind My Investment In 1confirmation
    Mid-way through 2017, a close friend of mine said “Hey, remember Nick? He’s raising a fund. You should ping him.” So, I pinged Nick. It had been nearly three years since we really chatted. It turned out that Nick, who had been a very early...
    - 26 days ago 24 Feb 18, 6:18am -
  • Dangerous Assumptions
    When folks ask “Hey, how’s it going?” I usually respond with “Can’t complain” or “Optimistically paranoid!” It is really how I feel. First off, how lucky are all of us — founders, investors, limited partners, journalists, early empl…
    - 39 days ago 11 Feb 18, 5:45am -
  • Investing Notes From The Upfront Summit (2018)
    It is probably my favorite “big” tech conference of the year. Every year, in late January, hundreds of VCs and LPs make the trek to Los Angeles for The Upfront Summit, hosted by the team at Upfront and their local sponsors. If Twitter is the...
    - 46 days ago 4 Feb 18, 6:41pm -

Brad Feld

  • Privacy and Facebook – The Non-Surprise
    In 2008, I gave a talk at my 20th-year reunion at MIT Sloan. The title of the talk was something like “Privacy is Dead” and my assertion, in 2008, was that there was no longer any data privacy, anywhere, for anyone. I’ve been living my life und…
    - 1 day ago 21 Mar 18, 1:10pm -
  • Jason Returns to the 313 for Startup Grind Detroit on April 5th
    As many of you know, my partner Jason is from Detroit. The 313. The Motor City. The D! He’s going back home for a special event and I encourage anyone near Detroit to go hang with him. In case you don’t know about Jason, prior to co-founding Foun…
    - 2 days ago 20 Mar 18, 12:10pm -
  • Book: Brotopia: Breaking Up the Boys’ Club of Silicon Valley
    I read Emily Chang’s book Brotopia: Breaking Up the Boys’ Club of Silicon Valley the day it came out. Yes – I stayed up until after midnight (way past my bedtime) reading it. It’s powerful. I bought a bunch of copies for different people an…
    - 6 days ago 16 Mar 18, 1:54pm -
  • AMA for the Techstars Sustainability Accelerator
    “Technologies that have revolutionized so many sectors of the economy have the potential to transform the way we do conservation. We’re at the front end of a new ‘nature-tech’ revolution and nature stands to win big from it.” Brian McPeek,…
    - 8 days ago 15 Mar 18, 2:58am -
  • ICO Advertising On Google
    Google just banned ICO and cryptocurrency-related advertising. For the official policy, see Financial Services: New restricted financial products policy (June 2018). Oh – and happy Pi Day. And MIT Admission Notification Day. And Einstein’s birth…
    - 8 days ago 14 Mar 18, 12:30pm -

Om Malik

  • [Podcast] Audeze CEO Sankar Thiagasamudram
    Sankar Thiagasamudram is the co-founder and CEO of Audeze, a maker of high-quality headphones, which are all the rage with audiophiles and music professionals. Sankar, who started his life working for a high-end 3D graphics company, is an engineer by…
    - 3 days ago 19 Mar 18, 6:48pm -
  • [PhotoSet]: Sunrise on Ocean Beach, San Francisco
    Ocean Beach, San Francisco: I have made it a ritual to pick up my camera and go for a walk every Sunday morning. I want to capture the city of San Francisco in the soft morning light, long before it is overrun by Ubers and Lyfts. Long before people w…
    - 4 days ago 18 Mar 18, 7:00pm -
  • What to read this weekend
    The sheer volume of articles I consume every day should make it easy for me to find gems to share with you. Unfortunately, not many pass the must-read-share test and thus get sent to the bin of forgotten. But the ones that do make it to the top are w…
    - 5 days ago 18 Mar 18, 3:00am -
  • True & the VC Firm of the year
    National Venture Capital Association (NVCA) named our partnership, True Ventures, as the venture capital firm of the year. It is always an honor to be recognized by our peers, but in the end, the award is a reflection of the people who we serve — t…
    - 6 days ago 16 Mar 18, 9:36pm -
  • Podcast: A chat with Tony Haile
    Tony Haile is the CEO of Scroll, a New York-based company that is helping media outlets build a sustainable pay-to-read strategy. From 2009 to 2016 he worked for Chartbeat, a digital media analytics company. As a result, he thinks a lot about media,…
    - 7 days ago 15 Mar 18, 2:23pm -


  • Just a Little Patience: In-licensing from Biopharma
    We've Moved! Update your Reader Now.This feed has moved to: https://lifescivc.com/feed/Update your reader now with this changed subscription address to get your latest updates from us.
    - 2 days ago 20 Mar 18, 10:46am -
  • Beyond the CEO: Building An Effective Leadership Team  
    We've Moved! Update your Reader Now.This feed has moved to: https://lifescivc.com/feed/Update your reader now with this changed subscription address to get your latest updates from us.
    - 7 days ago 15 Mar 18, 10:10am -
  • Allostery: Realizing The Promise
    We've Moved! Update your Reader Now.This feed has moved to: https://lifescivc.com/feed/Update your reader now with this changed subscription address to get your latest updates from us.
    - 17 days ago 5 Mar 18, 11:25am -
  • Celebrating Rare Disease Day
    We've Moved! Update your Reader Now.This feed has moved to: https://lifescivc.com/feed/Update your reader now with this changed subscription address to get your latest updates from us.
    - 22 days ago 28 Feb 18, 11:58am -
  • Grey Hair In the C-Suite: Experience, Age, And IPOs In Biotech
    We've Moved! Update your Reader Now.This feed has moved to: https://lifescivc.com/feed/Update your reader now with this changed subscription address to get your latest updates from us.
    - 24 days ago 26 Feb 18, 12:01pm -


  • !Uncertainty Wednesday: Interlude
    Before covering p-values and why they are so problematic, I thought it would be a good idea to provide a bit of a recap of Uncertainty Wednesday. I have been writing this series for almost two years now, beginning summer of 2016.  Uncertainty is eve…
    - 23 hours ago 21 Mar 18, 4:19pm -
  • Back from the Mountains
    I was mostly offline last week skiing in the Alps. I love skiing for many reasons: I find it a great way to experience flow state and it combines being outdoors with vigorous exercise (especially when skinning or bootpacking up the mountain carrying…
    - 3 days ago 19 Mar 18, 10:46am -
  • Uncertainty Wednesday: Correlation the Bayesian Way
    After a short break of a few weeks, Uncertainty Wednesday is back! My last post had been the third part in a series on “Spurious Correlation” which ended with “Interestingly, this takes me to the edge of my own knowledge and so I have asked a…
    - 15 days ago 7 Mar 18, 1:30pm -
  • World After Capital: Digital Technology (Universality)
    NOTE: Today I am continuing with publishing revisions to my book World After Capital. This is the second half of the chapter on the incredibly properties of digital technology. If you missed it, the first half of the chapter is on zero marginal cost.…
    - 17 days ago 5 Mar 18, 12:35pm -
  • Architecture and Basic Income
    On Friday afternoon I met with a class of architecture students who are researching the relationship between architecture and basic income. This strikes me as a super important issue to work on. One of my contentions in World After Capital is that wi…
    - 24 days ago 26 Feb 18, 12:16pm -

Hunter Walk

  • Giving Visionary Women Their Due
    Even though I finished reading Emily Chang’s Brotopia last month, it’s lingered. One passage in particular — Jennifer Hyman, CEO of Rent the Runway, talking about how we call many men in tech “visionary” but fail to apply this characterist…
    - 6 days ago 16 Mar 18, 4:46am -
  • Human Resources Policy at Startups
    One thing we try to do at Homebrew is help startups who *aren’t* part of the portfolio and one way we do that is by providing whatever we can publicly, not just to the companies we’ve backed. Our Head of Talent Beth Scheer is the catalyst for a l…
    - 16 days ago 6 Mar 18, 4:37am -
  • Is The Quest For “Software Margins” To Blame For Twitter’s Trolls, Facebook’s Russians and YouTube’s Fake News?
    Nothing gets an investor’s heart racing like the phrase “software margins.” It’s shorthand for the concept than businesses which are primarily bits (not atoms) have some very attractive characteristics: fixed development costs, economies of s…
    - 20 days ago 2 Mar 18, 9:04pm -
  • Venture Funds as Products. What We Changed for Homebrew III.
    “What did you change about Homebrew III to better fit ‘seed phases’ versus seed rounds?” a fellow VC asked me after my previous post. That’s a great question! One consistent LP complaint I hear about new’ish fund managers is that they for…
    - 25 days ago 26 Feb 18, 3:32am -
  • For Fundraising, Seed is No Longer a Round, It’s a Phase
    Want to know the biggest challenge Satya and I faced when announcing Homebrew’s third fund? How to describe the moment in time we seek to invest. “Early stage” has been coopted by billion-dollar VCs who try to shoehorn a $10m ARR SaaS company i…
    - 30 days ago 20 Feb 18, 8:11pm -