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
By guest authors Irina Patterson and Candice Arnold Saad: I spend a significant portion of my life meeting with entrepreneurs either one at a time or, in some cases, we’re out there a lot judging business plan competitions and meeting people at conferences and events. So, in some cases, we’re meeting many more than one
By guest authors Irina Patterson and Candice Arnold Heather: Sometimes, [I would say to entrepreneurs] “I’m interested. Here’s what I’d be willing to bite off, but here’s what I think I need to see you put in place first.” And then, probably, ten – believe it or not – never call me back, which is
By guest authors Irina Patterson and Candice Arnold Saad: Our office is based in San Francisco, but from an international perspective, what we’ve done is partner with a couple of other venture funds that we trusted in different regions. For instance, we were an LP (limited partner) in a fund in Europe called Hasso Plattner