Overall, the VC market is experiencing significant growth. In the last two years, deal value has reached a combined $160 billion value. This number will likely increase as the results for the fourth quarter are not yet included. While valuations have increased across the board, pricing for companies in Series A rounds remains relatively tame compared to later stage funding rounds where median valuations have … Continue reading Current Environment in VC (brief)
We are experiencing a remarkable period in economic history where the market has produced uninterrupted gains since March 2009. According to David Kelly, chief global strategist at JPMorgan Funds, “The pessimism that’s been a hallmark of the bull market has actually ensured its longevity.” Entrepreneurs and venture capitalists have also benefited from the current environment in that they are able raise the capital they need … Continue reading Spur Thoughts on the Current Venture and Economic Environment
I had the opportunity to guest lecture to the Student Investment Fund class at Oklahoma State University this week. I was there to talk to the students about the venture capital industry and what I do as a partner at Spur Capital. I prepared a list of topics to discuss just in case the students were disengaged, but I was pleasantly surprised by their keen … Continue reading Give Back by Talking to Others About What You Do
My partners and I just completed a two-day marketing trip to the East Coast to meet with prospective investors in New York City and Boston. The meetings went well, however what I want to write about is not the meetings but about some of the travel obstacles we encountered on this particular trip. I am a very positive person, but when it comes to travel … Continue reading The Best Tip to Remember for Business Travelers
This blog post was written in collaboration with one of my partners at Spur Capital, Paul Gompers. It is a delight to work with Paul as he is widely respected in the venture capital community and his professional and personal accomplishments seem endless. Paul’s research on the topic of performance persistence in entrepreneurship was used throughout this blog post. We hope you enjoy it. … Continue reading Spur Thoughts on Performance Persistence in Venture Capital
In the last several weeks I have spent a lot of time thinking about the current environment of the venture capital industry. At a high level it may seem like an inefficient market because the flow of information is quasi-directional and there are only a handful of firms capable of tracking it. Be that as it may, those of us who rely on this information … Continue reading My Perspective on Hot Topics in Venture Capital, Part 3 – Valuations and Exits
I recently attended a conference for one of our fund managers and the keynote speaker was none other than Bill Gates, founder of Microsoft and Co-Chair and Trustee of the Bill and Melinda Gates Foundation. For the 0.0001% of you who may not know who Bill Gates is, he co-founded Microsoft in 1975 with Paul Allen and the two of them grew it to become … Continue reading Expanding Your Frame of Mind and Thinking Bigger
One of the skills I’m trying to hone are my critical thinking skills. I majored in civil engineering and have been formally trained on the process of solving complex problems. When I worked as an engineer, the problems I was solving needed to have a definitive answer. Otherwise, there could be catastrophic failure. But now that I work with venture capital firms, the process of … Continue reading Improving Your Critical Thinking Skills Will Make You a Better Leader
When I was in the seventh grade I had just started to develop an interest in sports and decided I needed to find a sport to play. I had never played organized sports before, so I decided I would keep an open mind and just start trying things out. The first sport I attempted to play was baseball. I had never played before so naturally … Continue reading How Saying “No” Makes You and Everyone Around You Better
Over the last several weeks my team and I have been in the process of marketing our next fund. Collectively, we have probably traveled over 10,000+ miles (by plane) in the last 60 to 90 days talking to potential investors. We’ve been to Boston, Chicago, Tulsa, London, Copenhagen, Helsinki, Austin, Oklahoma City, Houston, Baltimore, Portland, and Vancouver (WA). In each place we go we normally … Continue reading Pattern Recognition
