We recently organized another crypto dinner in Toronto, bringing together the local community and a bunch of people that were in town for EDCON (the Community Ethereum Development Conference). Most of the dinner conversation centered around recommendations on how the Ethereum Foundation can play a more active role in developing…
In the past year, a few of our portfolio companies have introduced regular skip level meetings into the organization. These are direct meetings between managers and team members who are one or more levels below them… for example, board members meet with senior managers (without the CEO) or the CEO…
Six months ago, Boris wrote an important post about why the blockchain is disruptive to VC. As a quick summary, here’s why: It requires a new investment thesis: where is value accrued in a decentralized platform? It requires a new way of investing: tokenization by nature makes projects more liquid…
If you run a hot start-up, you’ll probably have VC’s ask if you are interested in getting a pre-emptive term sheet – you don’t have to do a full fundraise but can get similar deal terms as if you had done one. It sounds like a win-win for everybody. You…
While preparing for some recent LP presentations, we took a close look at all of the companies that we exited in Fund I. There were ten exits out of a total of 20 investments. These were all “early exits” with mostly unsatisfactory outcomes for everybody involved, especially the dedicated and…
