The new 1M/1M Private Lounge, with premium content, is ready! You can also read more on the background and goals of 1M/1M. Also, there is a special live roundtable from Bangalore on November 9. Click on the full article for the rest of the week’s posts.
By guest authors Irina Patterson and Candice Arnold Irina: When you invest do you consider the size of the market? Eric: We just invested in a company that does a catheter for cardiothoracic surgery. It basically is a self-cleaning catheter with a little wire in it and a magnet device that can clear gunk out
By guest authors Irina Patterson and Candice Arnold Mike: [With Dogpatch Labs], the idea is for the entrepreneurial community to be engaged and see this as both a place and a group of people to engage with across a variety of different means. The benefit to us is not ownership in the company necessarily. It’s
Sramana: I think in many cases companies would hire contractors through Elance but would not use Elance to pay them. Gary Swart: Absolutely, and I think Elance has recognized that. They realize they were only getting the tip of the iceberg. I think you will see they begin moving more toward the middle and move
Sramana: Enterprise deals could be a good option for you. I could see oDesk doing $10 million-a-year deals. Gary Swart: There are some differences in that type of business. It requires a lot of touch. They would want one throat to choke.
Irina: What percentage of equity do you usually seek? Eric: I think at the low end we’ve been in the 5% to 8% [range]. But I’d say our typical equity percentage would be in the 15% range, you know 12% to 20%. Irina: Do you think in terms of the return that you would like?
By guest authors Irina Patterson and Candice Arnold Mike: We do quite a bit of seed investing. We’ve been doing seed investing since Polaris was started. Irina: When was Polaris founded? Mike: It was founded in 1995. That’s when they started raising the first fund, and they started investing in 1996. Irina: What is your
To all those who are celebrating, may your dreams light up your lives.