As a VC who invests in seed and first rounds, I love revenue just as much as the next guy. However, the focus on revenue should play second fiddle to a user/customer first experience. Over the years, how many times have we seen companies grow from next to nothing in user base and somehow forget […]
I remember when we hired a new CEO for one of our portfolio companies and my tip to him was to overcommunicate. We had a few large VCs on the board and a number of high-profile angels that could also help in various ways. His job was to keep everyone up-to-date but also to know […]
Sep 30, 2010
After meeting with a number of entrepreneurs I recently seed funded, it was clear to me that one of the major challenges founders face is how to continue to scale their management style. My preferred seed investment is in an engineering driven/product focused team who can code and get product out the door under the […]
Sep 28, 2010
It's not easy to build a service that everyone loves and even harder to build one that gets 3000 new users a day on an installed base of 2 million users. Once there you may think of yourself in the drivers seat as having built a successful company. Unfortunately, this is where the need for […]
Congratulations to Greenplum and Scott Yara, Bill Cook, and Luke Lonergan in particular! It has been quite a roller coaster ride over the last 10 years and there were a number of times we stared at the abyss only to come back stronger. This is a story of great people and incredible perseverance. The great […]
As I have stressed over the years, it is imperative for board members and their management teams to have open dialogue. If you are a CEO, I encourage you to share more rather than less information. One of the best tools that a number of our CEOs use is a weekly email summarizing by department […]
Mar 30, 2010
During the last month I have spent more time looking at Angel investments as I believe it is a great time to start a business. However, one key question I keep asking myself after meeting with entrepreneur after entrepreneur is whether or not what they have is just a feature of a larger product offering, […]
Jan 22, 2010
I was on a call yesterday with an inspired and talented management team. As we walked through the deck, one point particularly struck me as I listened to their well-honed pitch. The company was trying to boil the ocean and do everything for its customers. While it was great that the team seemed to understand […]
Jan 14, 2010
While 2009 was a tough year, I must say that it was nice to see a number of our portfolio companies have blow out 4th quarters for bookings and growth. Despite that, I am still taking a cautiously optimistic approach to 2010. There are still conflicting reports on the growth of the economy and it […]
The other day I met with an entrepreneur I was advising as he prepared to raise his next round of funding. In the meeting, he wanted me to narrow in and focus on his financial model. Financial models for startups are important from a big picture perspective, but I never like to get mired in […]
Ed Sim is founder of BOLDstart Ventures and co-founder of Dawntreader Ventures. Mr. Sim has over 18 years of venture capital experience having led seed and first round investments in a number of high profile Internet and software companies.
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