A White Paper for VC Boards

March 5th, 2007 • 2 comments Entrepreneurship + Startups, Venture Capital

As an entrepreneur, I’ve often heard the VC mantra of “we’re value add investors“. Most entrepreneurs quickly realize that most VCs aren’t value add. If they aren’t adding value, you hope that they’re at least value neutral but in reality most are value subtracting to your business. The benefit of their investment sometimes reduces the impact of this reality.

So how do you figure out who is really “value add” versus “value subtract”? One way is to see how the VC acts when no one is watching. Scott Burkett made mention of three local VCs who didn’t even care to hear pitches by some local startups at a recent TAG event. No, I don’t know who these VCs are and in all honesty, I was hanging around outside for a while because I was annoyed that the event was so far behind schedule and I got tired of sitting in my chair. Most of my BigThinkr colleagues had the same thought so we were all milling about outside.

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Georgia Technology Summit

March 1st, 2007 • Entrepreneurship + Startups, Technology
Tags: Georgia, startups, TAG, Technology

I was going to write a blog post about yesterday’s Georgia Technology Summit but then I noticed that Jeff Haynie beat me to the punch.  Since my revelations are exactly the same as his - I’ll just say “ditto”.