I just finished reading a recent guest article on VentureBeat titled, “Why AngelList Will Become The Android of Venture Capital” written by Gaurav Jain. Unfortunately, while it may make good fodder for those entrepreneurs who have a love/hate relationship with the traditional venture capital community, I disagree that AngelList will replace more traditional venture capital any time soon, if ever.Continue Reading …
It’s been a while since I made my last post. A number of people have actually noticed and asked, “What’s up?”
In fact my youngest daughter said, “Hey dad, you didn’t make the Forbes’ 10 Best Venture Capital Blogs for Entrepreneurs“. She works for Salesforce in Product Marketing and reads this stuff.
“Yea…thanks for pointing that out,” I said as if I hadn’t already seen the article and been contemplating on how to boost my ratings for next year.
She said, “You need to post regularly if you’re going to win these things, you know.”
I said, “Thanks for the marketing advice.” Having adult children who aren’t afraid to point out your failings can be extremely annoying. I need to remember this the next time I look at revising the Will.
I had thought about making some sort of lame excuse about “being busy” but the truth be told I just haven’t felt compelled to write a new post until now.Continue Reading …
At InterWest, I recently had the pleasure of hosting an executive team from a 100 year old insurance company. They were visiting Silicon Valley in order to meet with various “innovative” companies in order to learn how they might themselves become more innovative.
The format of the meeting was a discussion between myself and eight executives. They wanted to know how we, InterWest, identified innovative ideas and/or sponsored innovation inside our portfolio companies.
It was easy to answer the latter — we don’t. We are investors in ideas we believe are innovative but we are not the creators of that innovation — at least not typically. It is the entrepreneur and the team that are the innovators.Continue Reading …
Congratulations on your recent acquisition of Kenexa for $1.3B. The HCM application market has been steadily heating up and with SAP’s recent acquisition of SuccessFactors and Oracle’s purchase of Taleo, this looks like a good counter move.
Your announcement coupled with the recent news that Apple has become the most valuable company in the world prompted me to write this.
As I thought more about Apple and IBM and their respective positions in the current technology markets, I realized just how different the two companies are today from two decades ago.
Twenty years ago, when I worked for Apple as a young engineering director, IBM was “the” business information technology brand. Apple was nowhere — except in niche areas such as graphic design.
Under Steve Job’s leadership, beginning with his return to Apple in the mid-90’s, Apple emerged from near oblivion to become one of, if not ‘’the’, most powerful consumer — and business — technology brands.
Today, Apple’s products are used pervasively by people — at home and at work – throughout the world. Apple has become the leading mobile platform developers target for consumer and business applications.
IBM, in the early 90’s, was faced with its own set of challenges stemming from poor financial controls, lack of innovation and other issues. Gerstner is appropriately credited with solving these and his successors — Palmisano and Rometty – have continued that success.
Now, IBM’s stock is at a near all time high, more than doubling over the past 3 years. The Company invests in all the right buzz areas: Cloud Computing, Analytics, Mobile, etc. Wall Street is singing IBM’s praises.
Yet, in spite of all outward appearances, I respectfully submit that IBM may be headed toward another very rocky and challenging stretch of waters.Continue Reading …