It was 20 years ago next month that we started JustBooks, creating a marketplace that connected buyers and sellers of used, rare, and out-of-print books. We initially launched in Germany before expanding into the UK and France, and then sold the company to our North American competitor AbeBooks in 2001.…
Last week I blogged about the return multiples for our Fund I and how they perfectly illustrate just how much the power law drives VC return. Alex Norman from AngelList asked how these return multiples have changed over time and what insights could be won from that data. It was…
We raised our first fund in summer 2012. It was a $15m early-stage fund that we invested in 20 portfolio companies over the course of two and a half years. We’re now seven years in and the portfolio is maturing. I plotted the return multiples (as of June 30, 2019)…
A year ago, we set out to add to our team. You may recall that we opened a search for an associate last summer. We appreciated spending time with many candidates, as well as the many intros and referrals from our friends. Unfortunately, we didn’t find someone who was the right…
A question I have been pondering for some time now, especially since a lot of our portfolio companies are now distributed organizations… This tweet sparked a lot of thoughtful reaction and discussion. Here’s where things have landed at the moment: According to the responses, entrepreneurs running remote organizations seem pretty…
