New technology applied to a big problem by a great team.
The secret to success in venture capital is asking good questions. I’ve come to appreciate the value of one in particular: “Why now?”
Why Now forces you to look at a business in context, to understand its external drivers of success. No startup wins big solely on the strength of variables it controls, meaning great entrepreneurs spot and exploit shifts in the technological, cultural, and regulatory environment better than the rest of us. Timing those changes correctly is often the difference between greatness and oblivion.
One such change is the growing impact of artificial intelligence. As data processing begat “big…
Hatred of Democrats was nearly as intense as hatred of Trump. Dems need to ask themselves why, and find a way forward.
Like many after the election only now drawing to an ignominious close, I’m left with a nagging question: What just happened?
Two narratives have emerged. The first is that 47% of Americans are (at least) White Supremacist adjacent. I find it hard to square this story with what I see around the country, let alone with the fact that meaningful blocks of both Latinos and African Americans voted for Trump. The second is that “far left” Democrats enabled Trump to paint the party Socialist red, anti-blue, and green new deal, and that enough Americans worried about the resulting color model…
A strong practical and emotional value proposition, with excellent founder/market fit.
When people ask me what I learned at HBS, I sometimes say never buy the extended warranty. I’m kidding, of course, but as all B-school students of the late 90's know, once you understand the economics exposed by the Circuit City case study, it’s hard to justify parting with the extra cash.
Those overly attractive economics were the first thing that came to mind when I met Chinedu Eleayna to learn more about Mulberry, back in November of 2018. …
Two things I heard, and one I had to learn.
This Spring marks three years for me on the dark side of the VC business, as an investor in startups rather than an operator of them. Reflecting back on the advice I got and what I’ve learned since, a few things seem worth passing on, including something I’d add to the list of good counsel I got from others.
“Don’t do a bad deal your first year.”
The first is “Don’t do a bad deal in your first year.” A bad deal right out of the gate not only hurts the fund, it consumes the time, focus, and confidence required to build the foundation of your “practice” as…
People are more than their surface credentials, particularly before they’ve had time to collect them.
It’s good to know a guy. Growing up Italian I’ve always known this, though later in life I learned to say it like a ‘Medigan: The right relationship is everything.
That’s why LinkedIn — now the closest thing we have to a system of record for business relationships — stands astride the recruiting world. They’re the 800-pound gorilla, leaving smart startups to compete, enhance their platform, or look for under-served niches in the market for sourcing and recruiting candidates. …
A political campaign is a competition of narratives, and you need a better story than the other guy to win.
As the 2020 Presidential campaign gets underway in earnest in Iowa, national polls show Trump losing to all of the Democratic front runners, in some cases by a comfortable margin of 13 points.
Don’t believe the hype.
Democratic primary candidates are spending their time before Iowa caucus goers attacking Trump rather than putting forward a real alternative to the anger, resentment, and fear he rode like a castrated pony into office. As they do, my own fear and anxiety of a Presidential election eve just like the last one only grows.
Please, God, no.
The age of the Micropreneur is upon us. And they all need marketing help.
As my interest in being outraged has declined over the past few years, so has my use of Facebook. Instagram has become a kind of welcome haven, a way to keep in touch and share moments with people interested in them, with fewer negative side effects on my blood pressure, family relationships, and the global world order.
I started seeing things I wanted to buy in my Insta feed. I developed a relationship with a small brand in San Antonio called Bexar (“Leather goods with an adventurous soul,”) and after extolling its virtues was eventually gifted an awesome backpack by…
Meet the new Members
When we talk about G20, we try to use the same communications discipline we preach to entrepreneurs: Pick a story, and stick with it every time. Ours is (hopefully) familiar by now:
Early traction capital for East Coast enterprise tech startups, backed by the power and expertise of 20 of the Northeast’s most accomplished entrepreneurs.
The truth is around the time we raised our second fund we expanded the backing of our Members beyond the original 20, adding a few people with whom we’d worked closely and held in high regard both personally and professionally. …
What I learned screening 991 funded startups.
One of the best things about being a Series A venture fund is you don’t have to look at as many early stage deals as your upstream counterparts. Many of our deals come through G20 Members, in fact, or from partners we respect in seed stage funds from here to Tel Aviv.
That said, I’ve spent a lot of time in the last month or so reviewing angel and seed stage deals systematically, creating and refining lists in Crunchbase, reviewing them initially with team members, and finally screening them one-by-one to get down to a short list of prospects we…
Tony Centore was a maker of men. I will never forget what I learned from him, like the hundreds of other men he made.
“Jeepers, Michael! You just gonna let him push you around like that!”
It was past 6:00pm, four hours or so into a high school football practice gathering darkness to the cold and damp that had already overtaken it. I was tired, soggy, and sad in my helmet and pads, waiting for the whistle that told us it was time to go home.
I’d held up pretty well that day, until about 20 minutes earlier when I’d heard the whistle I thought would set us free, followed by the two words Johnston players most hated so late in those days. “Goal…
Mike Troiano
Venture storyteller, wartime consiglieri, lyrical gangsta. Partner, G20 Ventures, thoughts here are my own. http://about.me/miketrap
