Creative Destruction Lab West: Helping create the next generation of entrepreneurs
Very often, start-ups fail at the earliest stages. They might get the wrong advice at a critical point, or they can’t raise the first hundreds of thousands of dollars required to move from prototype to initial product. This problem is relatively minor in large, vibrant ecosystems like Silicon Valley, but can be more pervasive in smaller […]
When you get a sense of inevitability from a founder’s pitch…
I recently tweeted… Getting this sense of inevitability from a founder is incredibly powerful. I instantly start believing that their vision is going to happen. As an investor, I want to get on board and help propel the team to their destination. So, what exactly do I mean by this? What are some of the […]
How to build the right management team
There’s a lot of debate surrounding the right time to bring executive level hires into your start-up. But one thing is clear: how you build your team over the first few years can determine the trajectory of your company more than any other decision you make. There are no right answers here. Every start-up is […]
Unlocking new value: adding the sixth factor in our marketplace criteria
We are often asked what we look for when evaluating marketplaces. Typically, we list out five main factors: High fragmentation: a lot of suppliers and buyers A “playing the field” relationship between buyer and seller, as opposed to monogamy where the seller doesn’t have any need to visit the marketplace after the first time High […]
The Multibillion-dollar China Question: Should a mid-sized tech company tempt fate in China?
Didi Chuxing, the largest ride-hailing service is China, confirmed today that it will acquire Uber China. According to reports, the two companies will keep distinct brands, apps, and business operations, but the backends will be merged. The deal ends a long, costly battle between the two rivals: Uber had been spending $1B + a year […]