PME: VC/PE Fund Performance Metrics – Part II

February 11, 2014 / 0 comments

In my previous post we examined the need for a new way to measure VC fund performance relative to a public market index : PME return calculation. Comparing Apples to Apples Now that the LP has a means to compare a fund manager’s performance relative to a public index, he/she can also use the same…

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PME: Primer on VC/PE Fund Performance Metrics – Part I

February 10, 2014 / 0 comments

The rhetoric from institutional investors in VC/PE funds about the lack of performance from most of their investments has been growing over the past few years. Some amount of self-flagellation on the part of the so called Limited Partners (or “LPs” – institutions that invest in VC and PE funds) is well deserved.  A particularly…

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Diplomatic Impunity

January 9, 2014 / 0 comments

Much has been made of a diplomatic row that has erupted between India and the USA, which ostensibly began with an unusually invasive search and arrest of an Indian diplomat in New York, followed by an escalating tit-for-tat response from each side (more details here). This morning India went on to order the suspension of…

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Twitter timeline views are fuzzy math

October 5, 2013 / 0 comments

I finally got around to reading the most anticipated S-1 filing in a while: Twitter, soon to trade as TWTR. There is some pretty good analysis of Twitter’s growth prospects around the web but I particularly like the math at Quartz that attempts to compute the average revenue per user for Twitter ($0.55, which does…

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Evaluating startup job offers versus BigCo dollars

August 26, 2013 / 0 comments

[This post first appeared as a guest column on John's Jobs, a resource for startup careers that I recommend following] Evaluating startup job offers is challenging and all the more so for first time job-seekers or those looking to transition into startups from larger corporations. A few years ago I spoke on this topic at…

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What Foreign Investors Want to Hear From India

April 17, 2013 / 1 comment

This morning my most recent post went live on the India Ink section of the New York Times online.  It urges India’s finance minister to address the risks that are keeping foreign investors away from India. Read more at:   http://nyti.ms/11g7g9T

Founders’ funk

February 5, 2013 / 0 comments

A few  weeks ago (Jan 11, 2013) we woke up to the news of Aaron Swartz’ demise.   An avid programmer,  entrepreneur and an activist, he was known as much for reddit as he was for his crusade to liberate information locked behind pay walls.   The US Congress is now investigating allegations of over-zealous prosecution in a recent…

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Romney, Bain Capital and jobs

September 26, 2012 / 1 comment

As the American Presidential race enters its home stretch this year, there are several lay people who are baffled by the declarations about Romney’s (and more generally Bain Capital’s) hand in creating (according to the Republicans) or destroying (according to the Democrats) jobs in the United States.   Romney has put this issue center-stage by…

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Online Video – Part II – The Challenges

September 8, 2012 / 1 comment

Picking up from my previous post on the opportunities being created in online media content consumption,  let us examine what entrepreneurs and investors both need to consider. Defensible value propositions are rare It is important to realize that content owners could go directly to consumers of content,  especially on the Internet.  So every new business…

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Online Video – Part I – The Opportunities

September 7, 2012 / 4 comments

Entrepreneurs and investors have been obsessed with online retail over the past two years as India’s Internet user base has (arguably) approached 150M today. As the sheen wears off of that set of opportunities, both constituencies have begun to look for others in what should soon be the second largest online market in the world…

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