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 news is that we leveraged two strong trends early on - the era of big data and the need for cheaper and better solutions and the fact that hardware is a commodity and the value is in the software. We also leveraged the open source database platform PostgreSQL as the initial foundation for our technology. After all these years, I am glad to see that EMC and others have caught on to both of these facts.(more…)
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 […]
Apr 1, 2010
In early 2006, I wrote a post titled "The next generation web, scaling and data mining will matter." In it, I highlighted some thoughts on the future:I truly believe the next battleground will be based on scaling the back end and more importantly mining all of that clickstream data to offer a better service to […]
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, […]
Feb 4, 2010
Lately, I feel as if I have been spending an inordinate amount of time with my companies talking about marketing. Related to this, one of my portfolio companies recently received a number of nice emails from the board related to its new positioning in Gartner's Magic Quadrant. We were all quite excited since we made […]
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 […]
Congratulations to Michael Robertson and team at Gizmo5 for all of their hard work and perseverance! There is not a lot I can tell you about the future plans for Google Voice, but I do believe it is important to look back to see how we got here. We made our investment in Gizmo5 (aka […]
Today I took a sales team from a portfolio company to meet with a couple of senior IT executives at a major retail company. Towards the end of the meeting, it started to become quite clear to me the effect that Google and the web has had on IT to date and where it was […]
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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