People often ask me if I watch “Shark Tank,” what I think about the reality show, and whether or not it’s an accurate representation of venture capital. Here’s my analysis on the differences and similarities.
Here’s a video of my Defy Ventures interview, in which I talk about entrepreneurial lessons gleaned from ultramarathons, rebounding from failure, my early entrepreneurial experience, advice for early-stage entrepreneurs, and the importance of character.
In this contrarian market, I have certainly enjoyed being one of the most active venture investors in gaming. While one could argue that it’s in my best interest not to share this secret, I love gaming and am a champion of the industry. So let the games begin!
Recently, I had the opportunity to interview Telltale Games CEO Dan Connors at GamesBeat 2014 in San Francisco. Since IDG Ventures invested in Telltale back in 2007, the company has enjoyed tremendous success. Watch the video below to learn how Telltale innovates through storytelling and much more.
At this year’s CasualConnect, I sat on a panel with a few of my good friends and fellow investors to discuss “Funding the Next Billion Dollar Gaming Company.” Check out the video below to hear my thoughts on what VCs look for when evaluating gaming companies, and more.
The annual E3 conference is like Disneyland for gamers, who have the opportunity to see and play newly launched games and devices. As an investor in gaming, it’s also an exciting event for me to observe the latest buzz and emerging trends in gaming. So what did this year’s E3 reveal about the future of gaming? Here’s my take on the six defining trends to keep an eye on.
Everybody likes rags-to-riches stories, and there’s plenty of them in the rap world. Many of today’s most famous rappers grew up in poverty, amidst violence, and/or with little to no support structure. In spite of these disadvantages, rappers such as Jay-Z and Eminem became best-selling artists. They beat the odds and thus, their successes are all the more admirable.
I do the Master Cleanse once a year for both the health benefits, as well as the mental endurance challenge. This year, during the fast, I had a revelation: the fasting journey is analogous to the entrepreneurial journey…the attributes that get you through a fast are similar to the attributes you must adopt in order to be a successful entrepreneur.
I’m thrilled to be speaking at GamesBeat 2014 in San Francisco on September 15th and 16th. This year’s theme: total world domination. I’m looking forward to meeting entrepreneurs, developers, and gamers who are passionate about gaming. Get your tickets via EventBrite.
I have heard over 3,000 pitches in my 18 years as a VC, and only one out of a hundred CEOs truly “nail” the pitch. So assuming you have a good business idea, how do you nail the pitch? An awesome pitch is almost an art form that must combine the five fundamental principles below.
There’s plenty of news about BitCoin lately. The digital currency has been under scrutiny for its alleged involvement in a series of shady events…But the big story isn’t whether or not the rumors of Bitcoin’s demise will prove true…Bitcoin has ushered in the era of digital currency — and this despite not being “first to market.”
I had the pleasure of interviewing football great Steve Young…The former 49er retired from pro football in 1999 but has been far from idle– he’s an active philanthropist, a frequent commentator on sports shows, and a successful investor in private equity.
I enjoy running with friends for the companionship and conversation. But admittedly, that usually lasts for only the first four or five hours. After that, I start to feel the burn. That’s when I turn on the music, and everything gets better.
The global gaming market, excluding hardware, was $62B in 2012 and is expected to reach $83B by 2016 (source: Digi-Capital). In addition, the number of major exits in gaming has increased significantly over the recent years.
The long-awaited “Walking Dead” sequel from Telltale Games was released Dec 17, 2013 and did not disappoint…over five years ago, when I first invested and joined the Board of Telltale Games…Founders Dan and Kevin’s pitch to me was to create a “multi-hit AAA new media company.”
2013 was a huge year for gaming. Supercell exploded from a $770 million to a $3 billion valuation…GungHo temporarily pulled ahead of Nintendo’s market cap ($15B)…GTA 5 hit $800 million in first-day sales…these collective successes represent a bellwether for the gaming industry…the trends that I am most excited about in the new year.
Note to startup founders: you have options when it comes to your startup’s board members. Considering that a company’s board greatly influences — or, even dictates — major decisions, entrepreneurs should take a deliberate and strategic approach to forming the board.
Actually, the real question is: “What is a business plan?” Most startup/entrepreneur presentations are essentially business plans. But to effectively convey your business, you must include the following details in your presentation…
I recently hosted a group of 20 Harvard MBA students to share insights on the venture capital industry and its career opportunities…students asked some insightful questions…I in turn, had one question for them. “How many of you use Twitter?” Only one person raised their hand…Really?
For 17 years as a VC, I have written over 50 term sheets and all have contained a clause with the term “QSBS.” If you don’t know what it means, you should, since it can save you hundreds of thousands of dollars in taxes.
Let’s face it: terms sheets can be complicated, but terms matter and you should understand them. The most important elements of term sheets are (i) valuation, (ii) liquidation preference, and (iii) voting. In this month’s edition of SanFranciscoVC’s Guide to Term Sheets, I’ll explain “constructive termination” and its effects.
I’m an avid fan of modern rap, hip-hop, and R&B; and my guilty pleasure is music videos. Never mind MTV, I don’t know what I’d do without YouTube…Like a good enthusiast, I made a short-list of my favorite music videos in 2013 and chose a winner: Ciara’s “Body Party.”