Back at the beginning of the year, AngelList launched “rolling funds”. While several funds have launched in the intervening 7 months, last week Gumroad founder Sahil Lavingia launched one, which got them all over the VC-twitter universe. Rolling funds are an interesting alternative for small LPs and new GPs looking to start something. The way … Continue reading “Rolling funds are all the rage”
The WSJ wrote an article this week, pointing out that Amsterdam is the leading EU-exchange for tech stocks. This may seem surprising, but actually makes sense. London’s AIM and Germany’s Deutsche Börse are notoriously low-liquidity for tech stocks. There are very few scenarios one can imagine where listing on either of those larger exchanges is … Continue reading “EU Tech Stocks and markets — or, will there be a Euroean Silicon Valley?”
A while ago I wrote a quick post on what I suppose has become my core economic theory: that Money Is Time. As I’ve recently moved to Central Europe, I’m taking a new look at the world around me, and thinking about the problem of unemployment — particularly the unemployment of the youth.
Over the past year, I’ve worked with about half-a-dozen early stage start-ups as they move on to try and secure series A VC funding. At this stage, though it may need refining, everyone has their elevator pitch. Their biggest problem tends to be with their slide deck.
There’s a curious thing happening in the world of VC and angel funding these days. Namely, that for a lot of software companies, it’s almost impossible to get a first round of funding without already having a product nearly finished. The reason for this is actually an accident based on the size of venture funds.