DISQUS

VentureBeat: Did venture firm Sevin Rosen orchestrate snow job?

  • Poorya Sabounchi · 3 years ago
    I am interested in Venture creation and the role of Silicon Valley to do so.
  • john lawrence · 3 years ago
    I believe there still exists significant opportunity in venture. However, there must bo considerable upfront work and research done to ensure opportunity exists within a certain sector and with a particular company. Lonwgorth Venture Partners (www.longworth.com) just held its annual tech conference. See our blog entry at http://www.longworthblog.com/. The general theme from our conference, which I agree with, is that significant opportunity exists in the areas of wireless, small business, consumer, content an dmany other areas. Though the white board space is not as large as what it once was, significant opportunity exists and venture remains an asset class that will provide strong risk adjsuted returns.
  • JB · 3 years ago
    There is some truth in SRF's claims. Some (much?) money is likely to be lost as the returns barely cover committed capital. The SRF horse is out the barn already. Snow job (or not), the patterns are: poor financial returns, partnership dysfunctionality evident from public comments and partner departures, poor support from LPs evident from difficulty raising new funds, lukewarm to hostile support from entrepreneurs.

    The real value is in applying those same criteria (and perhaps new ones that emerge) to existing firms known to be in deep trouble. Vanguard. Worldview. Before these straggling firms attempt to associate with and ride along the SRF story. Could MDV also be on that list, as where Sam Jadallah just stepped aside? We know Worldview where Mike Orsak, a partner publicly acknowledged a year ago to VentureWire and others he was stepping aside as a GP, wasn't going to bring new deals and, owing to his non-support, Worldview couldn't progress on a new fund. His theatrics and shouting battles prompted other GPs to leave the firm. And....Worldview still lists him as a GP and he continues to have an office at Worldview. What's the story behind that? What are the implications for the firm, the other partners, the LPs, the entrepreneurs and companies in the firm's portfolio? Digging into affairs at Worldview can make VentureBeat's (or for that matter, Dan Primack's reporting) credibility shoot up significantly. Threads uncovered there will all be about the future, what's about to happen, and how pervasive (or not) they are amongst the stragglers amongst venture firms. All that will also be a lot more interesting (and valuable) to VentureBeat readers.
  • SJ · 3 years ago
    Matt,

    Your coverage on the venture community, including Worldview, Crescendo and SRF, and their respective challenges is giving those of us in the entrepreneur community significant insights previously not available. Please keep up the good job!!
  • Leon Bollerup · 3 years ago
    Maby, those vc's should start looking further into the future, be alittlle visionary and put focus on that.

    I wont agree with the fact that there is not money made on the net, - if you look back over the past 12 month, and see what Web 2.0 have done, how many money is being moved around - who can ever have a sligth doubt about what impact Web 3.0 is going to have.

    Maby some VC's should consider investing in that - offcourse we are seeing VC's as bressemer, Seed Capital and innoinovation investigating were to put money - hopefully - more will be able to look beyond and not just "give up"

    Anyway, Matt - nice writing - keep up the good work.

    With Kind Regards
    Leon Bollerup
    CEO // Lead Devleoper
    Team ORCA
    www.orcadesktop.com
    ------------------------------
    .. at the edge of Web 3.0 ..
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  • Bernie · 1 year ago
    Just passing through