SM: You are saying the early venture capital industry was performance driven? You could not get a lot of management fee-driven income with $31 million. GT: Yes. The mentality of the people who entered the business in the late 1980s, the early 1990s and when I entered it in 1996 was that you joined the
Gus Tai is a General Partner at Trinity Ventures and joined the firm in 1996. He focuses on consumer-enabling technologies and services and enterprise software. His past investments include Blue Nile, eSurance, Photobucket and Sygate. He has an undergraduate degree in mathematics from Harvard and an MS in engineering and an MBA from MIT. SM:
Peter Rip has an article in the NYT today called Another View: What V.C. Can Teach Corporate America. It has also generated some very good discussion.
One of the flaws I see in Capitalism 1.0 is that speculators get compensated at a substantially higher rate than value creators. As a result, I am hearing from more and more entrepreneurs, CEOs, senior executives – the builders, so to speak – that they are no longer willing to work 60-80 hour weeks. They
This article explores bootstrapped entrepreneurship, otherwise known as bootstrapping, as an economic development and reconstruction strategy, calling it the weapon of mass reconstruction.
Check this interview out: Learning from Renewable Energy Entrepreneurs.
As you know, I have been talking to lots of entrepreneurs about various business models to support innovation, especially in industries from which VCs are pulling out (Security, Networking, Chips, Enterprise Software, etc.). This article looks at a business model that offers an alternative framework to support innovation. Read my latest Forbes column, Free to
I have been in Singapore this past week at the INSEAD business school’s Asia campus. Today, I spoke at their Global Entrepreneurship Forum, which gave me an interesting window into entrepreneurship in East Asia. The interest in entrepreneurship and the energy is great. The ecosystem, of course, is significantly less mature. What VCs want to