By guest authors Irina Patterson and Candice Arnold Saad: The biggest challenge that I see from a venture perspective for me, personally, is how do you scale yourself and your time? Unfortunately, there are only 24 hours in a day and seven days in a week. I can tell you that if I wanted to
By guest authors Irina Patterson and Candice Arnold Saad: Just because a venture guy doesn’t invest in something or rejects something doesn’t make it a bad company. In fact, I would argue that the vast majority of companies that have been created in the world were not venture backed and have been super successful. Having
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