...And Crafted The Best Seed Portfolio Ever
But his track record is also flecked with broken friendships and hard feelings. While he keeps a relatively low media profile–this story marks the first time he’s cooperating for a major story–his big mouth, incessant name-dropping and blunt elbows cause eyes to roll. “He’s got a bit of a hero complex,” says a peer who knows him well. “He’s an amazing investor, but that’s not enough–he has to do this heroic stuff.” At Google he crashed every meeting he could and then wouldn’t shut up. Twitter eventually had to pass a rule, driven in part by Sacca, barring nonemployees from showing up at all-staff meetings. He and Uber CEO Travis Kalanick, once close friends, now barely speak, despite Sacca’s major stake in the company.
"Surprise. I taught the Henchmen jazz." (mp3 link) Merry Christmas, once again, from Mr. and Dr. Mrs. The Monarch. [more inside]
Solyndra used to make thin-film solar cells, but they could not make any money. The Department of Energy tried to help with a $535 million “Green” loan guarantee but the DOE missed the memo that says EBITDA needs to be in the black if they expect to keep taxpayers out of the red. Private investors kicked in another $70 million eventually but only after the DOE primed itself. As White House economic advisor Larry Summers noted, “…[government] is a crappy vc [venture capitalist]…" Thanks to the DOE though, 40 employees and 150 contractors got to keep their jobs for an extra week last year according to the WaPo.
Merry Christmas from Shallow Gravy (aka Hank Venture and best friend-slash-spoiler alert Dermott) and most of the cast of The Venture Bros. that Doc Hammer and Jackson Publick could assemble without calling anyone else. [more inside]
YouTube has a fair number of recordings of well-played classic arcade games. Dig Dug, Mr Do!, Mr Do's Castle, Do! Run Run, Lady Bug Part 2, Bagman, Super Bagman, Q*bert, Venture, Zoo Keeper, Moon Cresta, Scramble, Make Trax, Phoenix, Rastan. click through for more [more inside]
It's Christmas, which means the most important tradition of all: the cast of The Venture Bros. changing your memory of a holiday classic forever. Merry Christmas from
Alvin, Simon, and Theodore Tim-Tom, Kevin, and Henchman 21. [more inside]
Is Silicon Valley a systemic risk? Treasury decides to treat venture capitalists like hedge funds The Obama administration wants to regulate venture capital firms to prevent systemic risks. Silicon Valley residents are scratching their heads and asking: What risks? The rest of us should ask why Washington is targeting a jewel of the American economy that had nothing to do with the housing bubble.
Merry Christmas from Henchmen 21 & 24. The annual Venture Bros. Christmas song from Quickstop Entertainment. (Previously and previously)
The Monarch & Dr. Girlfriend’s "Fairytale Of New York." The annual Venture Bros. Christmas song. (Previously)
Bubbleprice.com is the handy guide for Internet startup entrepreneurs to use to calculate their next investment round. If you've recently raised money for your startup, how do you plan to use it? If you're working for a startup, better hope Matt Marshall doesn't tag you with the dreaded bubble tag.
Do They Know It's Christmas? (MP3) The 1984 plea for Ethiopian famine aid, as performed by the cast of The Venture Bros. Also, Monarch & Dr. Girlfriend cover David Bowie and Bing Crosby(MP3).