By guest authors Irina Patterson and Candice Arnold Irina: How do your companies usually exit? Saad: Generally speaking, the vast majority of activity for any venture-backed company has been around acquisitions. IPOs . . . there just haven’t been a lot in the past few years. I think in the Web space in particular, the
By guest authors Irina Patterson and Candice Arnold Saad: We’ve actually invested in a company that’s in the social recruiting space, and we did it three years ago. The company is Jobvite. In the case of Jobvite, the insight we had was look, this build-out of the social graph – and Facebook and LinkedIn and
By guest authors Irina Patterson and Candice Arnold Saad: LiveOps also run a managed service where they have more than 20,000 agents who aren’t employees of the company [but] are contractors who are executing sales and customer support and other things for customers all over the world. What’s interesting about that model and what really
By guest authors Irina Patterson and Candice Arnold Saad: I think that the most difficult thing to find is exceptional entrepreneurs and exceptional teams. Once you find them, everything else, as far as I’m concerned, is a commodity. Technology is a commodity, ideas are a commodity. Execution is the only thing that matters, and smart
By guest authors Irina Patterson and Candice Arnold Saad: I think the interesting thing about the world today is that if you put a small amount of money to work, companies with even small amount of returns – you know, with the $20 million to $50 million to $70 million exits – can still be
By guest authors Irina Patterson and Candice Arnold Irina: What is your average investment size? Saad: I think it’s between $250,000 and $500,000. Irina: Do you do follow-on investments? Saad: We have. We have some companies that don’t actually need any more money, as well. Irina: How long does it take for entrepreneurs to receive
By guest authors Irina Patterson and Candice Arnold Saad: Almost all of the investments I have made have been before the companies had ideas for what they wanted to do. Again, it comes back to the same point. Exceptional people figure out the right markets to go after and the right technologies to build, and
By guest authors Irina Patterson and Candice Arnold Heather: It’s interesting, while I was up in Portland, I did meet with a couple of entrepreneurs who are interested in the venture side. So, since I was there, I just had the meeting. That happens a lot. You know, the venture guys will find something that