Investment Blog

Patricof’s Law of Expectations

This post first appeared on Business Insider. For some time now I have informally guided my team at Greycroft and others in the venture capital business to base their expectations for monthly performance of portfolio companies using a certain predictability factor based on many years of exultations and disappointments. Herewith, …

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The Background Myth in Venture Capital

When I told my grandfather I was moving from product management to venture capital his first question was, “How has anything you have done prepared you for what you will do as an investor?” It was a good question that frankly caught me off guard. I impetuously rattled off some …

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The Seven Deadly Sins for Raising Capital

This post originally appeared on Ian Sigalow’s blog. (Plus a few helpful hints) For one reason or another, many good companies have a hard time gaining traction with investors—their meetings fall flat, their messages go unanswered, or they get the “Let’s check back in a few quarters” routine. Of course, …

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“You Don’t Remember Me, But…”

This post first appeared on LinkedIn.   The other evening I attended a small dinner party here in New York City. After a heated conversation about politics, a gentleman I didn’t recognize approached me and said, “You don’t remember me, but we met in 1995 when we were both looking …

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A Year in Carbonite

This post originally appeared on Ian Siaglow’s blog.    Back in college I interned at DLJ, an investment bank enshrined in the book Monkey Business. If you haven’t read Monkey Business it was one of the great exposes about life on Wall Street, including all-nighters, binge drinking, and every other …

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This is the new normal in venture capital

This article originally appeared in Business Insider. The old adage that “Only 10 venture investments matter each year” has officially been debunked.  A new study by Cambridge Associates, the benchmark for VC performance data, found that the distribution of venture capital returns changed dramatically after the 1999 Internet bubble. Today …

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