Management

Ehrenberg: Letting Go

Today’s VC post is from Roger Ehrenberg (IA Ventures) titled Letting Go. Roger makes a strong set of points about how a founder/CEO needs to learn how to let go. I have a specific nuance that I see often where I think VCs regularly screw up that I bring up in the comments. I’d encourage…

Raouf: What Made Alex Ferguson a Great Manager

Oopsie – we forgot to do the “best VC post of the day” for the last month or two. You might have thought there weren’t any great VC posts, but you’d be wrong. We were just being lazy. As with all good things that start up again on January 1st, we’ll try to get back…

The CEO Review

My partner Seth Levine has today’s great post up titled CEO Reviews.  In it, he talks about the importance of a board of a venture-backed company doing a CEO review and provides a road map for how to do it.

You Can Fire 10% of Your Company Anytime And Not Notice

Will Herman has today’s excellent post up titled Prune and Upgrade as You Go.  It starts out with a quote from one of the board members from one of his early companies: “any day, any time, you can fire a canon through the company’s building and not miss the employees taken out in the blast.”…

Handling a Poor Reference on a New CEO Candidate

Question: I am the CEO of a company my board is looking to hire a new CEO, for fund raising purposes, and has identified a candidate.  The candidate was in fact referred by a VC, I was asked to interview the candidate and provide feedback. I did this and the interview went fine however I…

Is Quality of The Team The Most Important Thing?

Question: When you evaluate startups to invest in what are the key qualities and what emphasis do you place on it? Is management as high as 50% or more? Every young venture capitalist learns several cliches about how important either (a) the team is or (b) the idea is.  Unfortunately for the young venture capitalist,…

What Kind of People Do VCs Like to Back

Fred Wilson and Brad Burnham have a long, thoughtful post up on their Union Square Ventures site titled Founders and Management.  In addition to providing a general description of the type of people they like to invest in, they give some very specific examples from their current portfolio.  It’s a great view inside Fred and…