By guest authors Irina Patterson and Candice Arnold Irina: What is your current source of deal flow? Ho: Most deals we get come from our network. We have several thousand people working across our different portfolio companies, so the network has grown over time; entrepreneurs we’ve worked with in the past or people who have
By guest authors Irina Patterson and Candice Arnold Irina: And what about your equity share and your returns? Do you have any rules about those numbers? Brad: Again, it varies dramatically. We don’t have a specific rule. Our goal is to work with entrepreneurs to build as much value as possible. Irina: What stage of
By guest authors Irina Patterson and Candice Arnold Brad: And then we look at the actual entrepreneurs behind the product, and we do that in concert. I don’t actually think you can really evaluate a product effectively without using it or having interactions with the entrepreneurs so, we tend to lump those two together.
By guest authors Irina Patterson and Candice Arnold This is the sixteenth interview in our series on seed financing for entrepreneurs. I am talking to Ho Nam, general partner at Altos Ventures, a first-stage venture capital firm, based in Menlo Park, Silicon Valley. Irina: Hi, Ho. Why don’t you start with your background? Ho: I
By guest authors Irina Patterson and Candice Arnold Irina: How do you spend time with the entrepreneurs? Brad: They come to us and we go to them; we spend a lot of time together. I think it’s really us developing that relationship with them. We made an investment recently in a company called Sifteo, I’m
By guest authors Irina Patterson and Candice Arnold Jeff: The one thing that we have going for us is that we do see so many patterns and so many deals and teams. We’ve done so many experiments – eighty-two, in my case, over six years – and seen what’s successful and what’s unsuccessful. Each deal
By guest authors Irina Patterson and Candice Arnold Irina: Do you require the people to have senior executive experience? Jeff: No. Half of my entrepreneurs are first-time entrepreneurs. The youngest entrepreneur I’ve backed was nineteen, and he had already done three companies. I think the oldest entrepreneur I’ve backed was fifty-five.
By guest authors Irina Patterson and Candice Arnold Irina: Have you ever thought about what could make your deal flow more efficient? Brad: I like the chaos. I like the randomness of it. I have plenty of interactions with people. I try to learn at least one thing in every interaction. We’re very focused on