Kepha’s Fund 2
I try to reflect more at year-end, and so, I thought I’d write here about our first year investing from Kepha’s Fund 2. We’re very grateful to our LPs for supporting us with another fund. We cut over...
View ArticleDear VC Associate…. Here’s How You Get Promoted
Over the years, it has been a blast to meet many people, including those in the VC industry. Sometimes, people come to me for career advice. I take very seriously those conversations, and I’m sworn to...
View ArticleRest in Peace, Joe Trustey
I had heard about Joe Trustey long before I met him. Notre Dame graduate. Captain in the U.S. Army. Baker Scholar at Harvard Business School. A great sense of humor. I was a young plebe at Bain &...
View ArticleYour Start-Up Failed? Go Ahead and Have Fun
I chatted with a friend, who has decided to close down his start-up. He worked on it for a few years, underwent a major pivot, and, in the end, realized, it wasn’t going to work out. All this while...
View ArticleThe Most Important Four Numbers in a Board Deck
I attend many board meetings and have done so through multiple market cycles. Regardless of your business model, I think ultimately four numbers are the most important. I call them The Big Four. The...
View ArticleRisk
Risk is an interesting thing. It’s always there, and how you divide it is the key question. I this morning read about Spotify’s $1 billion convertible note financing. Some interesting terms have been...
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