181 entries categorized "Venture Capital & Private Equity"

09 June 2007

Marc Andreesen on whether to take VC money or not

Andreessen

At my BizDev class at INSEAD this week I got the option of whether one would raise money from VCs or not.

my take:
1) if your business requires financing for CAPEX or workinc capital, and you don't have the financial solidity to back it on your own, either reconsider your business assumptions, or indeed go and look for outside money.

2) should you get money from VCs or somewhere else ? There's a good analysis here by Marc, founder of Netscape. It's not definite but sheds some light into the process.

29 April 2007

Occam Capital takes Mandriva out of chapter 11

Mandriva I had missed this announcement: just going through some old blog posts (I hardly read any now). Occam Capital has invested in Mandriva. Good stuff. I know the team at Occam pretty well, and the founder of Mandriva as well. Interesting mix.

And I remember discussing the possibility of this deal a very long while ago on the phone... The challenge is huge, but there are a few possible strategies to make Mandriva standout vs. Ubuntu (the main challenger) to the 2 US-based firms: Redhat and Suse / Novell. Not to forget of course the development of Redflag and other minor distributions.

Challenges include:
. proper positionning in the B2C, B2B or B2G (government) markets (Ubuntu is very B2C. Should Mandriva go B2B ?)
. simplicity of product offering, installation and support for a large-range of hardware
. proper support services, the killer B-model in open-source
. marketing efforts to develop the brand

Opportunities include:
. an alternative to US-based software vendors for international governments
. a low-cost alternative for new markets
. exclusive deals with manufacturers (not PCs... as they are mainly in the USA, but Asia, and also set top boxes, mobile devices...)

Any other thougths are welcome: I've stopped using Fedora and Mandriva, and have moved on to Ubuntu for its simplicity, but it's mainly a B2C proposition.


Update: Codor has more and Didier has mentionned it too.

09 April 2007

are you going to Innovate this year ?

Innovatelogo

I personally had a great time in the past 2 years at the European version of DEMO: Innovate! Europe.
I was lucky (!) to open up the second day last year with the 9am speech (find it here) after a very very long night of hanging out with the entrepreneur & VC community.

All of the presentations from last year are online, thanks to vpod.tv :) on Chris' site. You will just need to register for free once. Good practive for the folks this year.

Check my pix on Flickr from the last 2 years as well and the RSS feed for my videos from then as well.

I hear Charles Liebert, Charles Nouÿrit, Alexander Casassovici are going. who else ?

10 February 2007

social recruitment site Zubka gets cash from Benchmark Capital

Zubka So no news on Benchmark's site yet, but a post entry on Zubka's blog. This site is surfing on a new wave of HR recruitment: companies post an offer and propose a bounty to anyone who finds a suitable candidate. Hence bounty-hunters start tapping in their friends addressbook, looking for the right person, hoping for a quick buck.

Benchmark is by no means the smallest investor around, with a few billion dollars under management. Interesting investment.

Picture_11_4
We have our own JobMeeters in France that has been promoting the same concept for the past 18 months... Here's my interview of the co-founders in October 2005, and them presenting later in March 2006.

09 February 2007

Whisher launches a new social WiFi network

Mike & Ferran (Whisher)

I'm here at the LIFT Conference where this new Wifi company, Whisher, is a sponsor. I met these spanish founder folks at the Techrunch party 7 in Menlo Park last summer. They're also well known engineers from Swisscom that my partner Ivan used to work with.

I haven't tested the service yet, although it looks like a nice alternative to FON ?

They just got funded by a major VC firm. I'm not sure it's public yet so I'll let them release the PR.

08 February 2007

How much the folks made with the sale of Youtube to Google

Pic_youtubelogo_123x63_1

on Paidcontent.org this morning:

Updated below: This is based on the $470.01 closing share price of Google on Wednesday. Google did an SEC filing today which detailed the shares split between the three YouTube founder and investor Sequoia, among others, for the total $1.65 billion acquisition deal, reports WSJ.
-- Chad Hurley received 694,087 Google shares and another 41,232 shares in a trust. Based on Google’ market price of $470.01, that values Hurley’s stake at $345.6 million.
-- Co-founder Steve Chen received 625,366 Google shares and another 68,721 in a trust, indicating his stake is valued at $326.2 million.
-- Jawed Karim, the third co-founder, received 137,443 Google shares, with an indicated value of $64.6 million.
-- Sequoia Capital’s holdings include 941,027 Google shares as part of its Sequoia Capital XI fund, with an indicated current value of more than $442.3 million.
-- In total, Google registered about 3.23 million Class A shares to issue to former YouTube stockholders in connection with the acquisition of the video site, according to the filing.

06 February 2007

Felix raises series A for plazes.com

Logo_plazes Buddy Felix Petersen has just raised $3.5m (2.7m€) from Doughty Hanson. He had told me at DLD a couple of weeks ago, but the press release came out yesterday.

It's an interesting service, even more so through its APIs. You can also track me around the world on my personal page...

You may have also noticed that we share a common investor in Martin Varsavsky, who seems to have a good "nose" for deals :) Most of his investments have been very nicely funded recently: Netvibes, Wikio, Plazes, vpod.tv, technorati, xing (went public)...

23 January 2007

My 2 buddies from NavX announce their 3m€ series A today


Florent & Jean (navx.com), originally uploaded by rsepulveda.

All info on NavX coming on their site. The investor is Innoven Partenaires. They are positionning themselves in the rapidly evolving GPS market, and on board devices in cars.

22 January 2007

Meeting the Amiando.de boys


L1000076.jpg, originally uploaded by Guido van Nispen.

Someone has been leaking information... :) Amiando.de is only available in German for the moment, but it shouldn't be too long before we ALL can start using the service :)

... and yes I've invested an undisclosed amount along with a few friends in this young company from Münich aiming to simplify the link between online communities and physical communities...

17 December 2006

Loic is back alive and kicking

Picture_15_1

You rock dude ! I wanted to write a long post about him. About what is being said about the man, the LeWeb3 conference. I started 2 posts, and I stopped.

I think the defence is best left to the man himself, and he has just done so here.

In a nutshell I however wanted to say this:

  • I've known Loic in a professional context since 1998: he has never changed; entrepreneurial, enthusiastic, charismatic, incredibly energetic. He does more with his time and will than most of us. I respect fully his recent statement that he personnally supports the right-wing candidate Nicolas Sarkozy for the French presidential election. I myself have called to vote for the left-wing candidate Ségolène Royal. For full disclosure according to the blogosphere etiquette (although I don't feel I need to), my company vpod.tv was one of the sponsors of LeWeb3
  • no other Internet conference in Europe this year has brought in such great quality of networking, of participants, of blue-chip sponsors, of press attention, of global attention. Loic has almost single-handedly brought the spirit of Silicon Valley to Paris for 2 days. For those who can not afford to fly to San Francisco this was a unique opportunity, thanks to Loic.
  • I was GLAD that the level of discussion went up at this conference. The Internet is not about blogs only; it includes virtuals worlds (WoW, 2nd life), tools (VoIP, Wikis), many stakeholders (sociologists, education professionals...); hence leWeb3 was a great name. That someone brought a Nobel Peace prize to talk to us is utterly outstanding. That he indeed managed to bring in 2 front-runners to the presidential election in France next year is amazing: that Loic got them to talk about their vision of the Internet; and at least for one of the 2 candidates, you can say that that one hasn't got a clue as he could have talked about bananas or education in the same words (at least LeWeb3 was the occasion to show it to all). Thanks again to Loic, all stakeholders were united in the same place. I also noticed that noone left the conference room during the politician's sessions, although there were plenty of other opportunities to do so (networking rooms, startup corner, sponsor booths...)
  • I can't imagine that the top 1 search on technorati is LeWeb3. Can't people focus all of this negative energy into a positive one, and talk for instance about the campaign against poverty such as www.one.org or Blogging for a Better world, an initiative that was born at this conference (a participant offered to donate $100,000 + Shimon Peres offered to be on the board) ? Bloggers have wanted for a long time to become actors of a new world, instead of just being witnesses. Now is the time to start acting and not just booing. If some among us stand up and take on this endeavour, then we should support them, as it is a very difficult task, and not bash them.
  • almost all VCs I know attended the conference, which is a BIG win and move from last year, as they are an essential ingredient of the Internet ecosystem. They are not visionnaries we all know that, that's why we have entrepreneurs. But entrepreneurs most often than not, need capital to realize their vision and dreams. LeWeb3 was a great place to foster these encounters
  • finally, interestingly, most business models adressed at LeWeb3 (hence of the current entrepreneurial generation) are ad-based. I did not see any large brand, ad agency, ad specialist at the conference. Missing in action? Next time, we need them to face the entrepreneurs, and double-check that our industry is going the right way.

After-thoughts:

I don't think Loic can go back to being the EMEA guy for SixApart and keep on promoting blogs. He's been influenced too much by his entrepreneurial life (he's create about 4 companies with a 3-year cycle), about the Davos conferences he's been attending in the past 5 years, about his regular appearances on radio and TV in France, about his quest for a more entrepreneurial and active society. Don't get me wrong, he's done a phenomenal job at promoting this technology and his company. He really deserves a lot of credit for the work achieved. But I believe he's grown out of his job.

He's recently been twice managing Internet feedback at 2 rallies for the Sarkozy presidential race. You know I don't like this politican and I don't support him. But Loic does. And this is a fantastic opportunity for him, maybe once in a lifetime opportunity to give a hand to the guy you support. So if I were Loic, I'd go full time for Sarkozy (I need to find help on the Socialist front to fight him them :p). And after the campaign is over this summer, find himself a job were he can have a strong impact on European society and entrepreneurship. The guy is 34. He's got at least 30 years of public life to give us. Choose well Loic. Do something that you really want to do, that is meaningful. You were not chosen to be a Global Leader of Tomorrow at Davos for nothing.

As you once said, power comes with obligations and duties. And you also said "ideas don't matter, only excution does". We definitively need more folks like you in Europe! Help us foster this new generation.

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