The Venture Company
August 2011 email edition



 Greetings!


Enclosed are our latest revelations on Venture Capital and Innovation. I look forward to your feedback and questions. 

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We Fail Because We Lie. 

Many of us like to spread the belief that our destiny is in the hands of "The Economy", blissfully forgetting that we create and control the Economy.

 

The silly political rambling about our national debt and the raising of our debt ceiling compounds the realization that our government too has failed, along with our economy and our financial systems. Our systems fail, not our tactics. 

We need to treat our country more like a company, and our country lacks a viable business plan, a binding compass. We need to stop lying to ourselves to prevent us from reaching our full economic potential.

 


Here is what we need to change.


8,000 views on The State of Venture Capital.

Easily the most reviewed presentation on Venture Capital, our presentation has reached more than 8,000 views online. While more than one year has passed since we posted it, the macro-economic circumstances of Venture Capital have not improved at all.

 

Instead the subprime maelstrom of Venture Capital provides proof that not the massive 80% greenfield of technology has diminished, but our the financial arbitrage is unable to locate it. Sadly, corporate innovation continues to be a better custodian of innovation than Venture Capital.

 

But there is a fix, for those who take my message and Venture Capital's success serious. 

 

Review the presentation online.



Hello Intercept.

Many VCs either unknowlingly or on purpose create fog in the Venture business, to diverge the attention from their own responsibility to perform on an absolute level and in line with massive greenfield of technology innovation. 

 

We decided to call them on it with a new blog called Intercept. Limited Partners can now exercise their right to be informed. 
 
We challenge: 

  • Entrepreneur Chris Dixon on: What New York needs and doesn't need.
  • VC Fred Wilson as to why there are not many exits over $100M.
  • VC Mark Suster on his downstream analysis of Venture

 

Archived online conversations are available from our home page with:

  • Economist Paul Kedrosky on the IPO roller coaster.
  • LP Chris Douvos on his let's see what happens attitude.
  • LP Paul Flaumenbaum on: Not so mystical VC.
  • LP Paul Lux on: Who in Venture Capital is broken.
  • VC Robert Ackerman on: Cold on VC, Red hot on innovation.
  • VC Gary Langeler on: If money-in would only yield money-out.
  • LP Georgeanne Perkins on: Why Venture, Why Now?
  • LP Lisa Edgar on: Are we going to make money in this fund?

Buzzing on Rev.

Our new blog Rev covers daily updates from everything about technology, to innovation, to the economy. We covered the following topics recently:

 

On Venture Capital

Goodbye Secondaries

Trimming Venture

LP entrapment

Benevolent dictators

A bubble in a bubble

IPO cracks

 

On the Economy

Crazy Capitalism

A $375B PE hangover

Financial crisis inevitable

Bullish on the U.S.

 

On Technology

Thunderbolt and Display Port

Palm's bad apple

Curved display

Lion spam

Leave Ballmer

 

Go check them out at Rev.
GeorgesNew
About Georges
Georges is an entrepreneur, serial CEO, venture catalyst and venture capitalist and private investor turned venture economist (by fate).

Through his 15-years of direct leadership experience and success in Silicon Valley, Georges began to see a pattern of financial dysfunction and improper deployment of risk that prevents Venture Capital from being the catalyst it should be. He subsequently developed a model Venture Capitalists and Limited Partners can adopt to create outlier returns compatible with the potential of its underlying assets.

Please stay tuned for Georges' upcoming book, the launch which will be announced here. A book that will make Venture Capital and The United States competitive again. 

Georges is the Managing Director of The Venture Company. He can be reached directly at +1 (646) 450 - 0740 or simply by hitting [reply] to this e-mail. Or receive direct updates via Facebook Find us on Facebook, Twittter Follow us on Twitter, or LinkedIn View our profile on LinkedIn.




Recently:
  • The Venture Company RSS feeds and direct access to certain pages on the web site have been changed, and the old links have been removed. Please update your reference to the feeds and pages per immediate, according to the following directive.
  • We are once again a sponsor to AAAIM's national event. Even though we would like to keep it a secret, like a great new restaurant you want to keep for yourself.
  • 170 unsolicited accolades from Limited Partners, Entrepreneurs and even Venture Capitalists adorn our website. Some new ones:

"George is ALWAYS a good read" --  Chairman and CEO

 

"George, you are THE single most influential (re: radical) voice in VC. Thanks for your newsletter. A breath of fresh air." -- CEO

 

Best,

 

 

Georges