solidarity
Word. +1 Billy Chasen.
“Correlation Ventures said it closed an initial $165 million venture capital fund that will leverage its predictive analytics to offer entrepreneurs and lead investors co-investment decisions within two weeks. The fund was oversubscribed and ended up 10% above its target of $150 million.” —
peHUB » Correlation Ventures Closes $165M Fund That Will Use Predictive Analytics
I don’t get this.
(via jryu)
So these guys contacted me last year and I was completely sketched out. This is as close to “dumb money” as a VC could ever be. They’re a bunch of Wall St quants who think they’ve got a model that “proves” an investment will be successful or not. Frankly, entrepreneurs should demand more from their investors than cash. Their oversubscription, in my opinion, speaks more to the stock market’s volatility and asset managers’ desperation to find alternative asset classes with attractive returns.
(via caterpillarcowboy)
When the VC fund’s name belies the fact that its investment thesis isn’t causal but correlated, and it still raises a boatload of money, it signals that investors are willfully grabbing at straws. If I pick my nose and Facebook goes up on Second Market, can I sell you guys my future boogers?
(via caterpillarcowboy)
Our son Weston is Steve Jobs.
The world is not ready.
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“Jazz is a lie. America is a lie … Playing Jazz is like running on a treadmill: you may break a sweat, but ultimately you ain’t going nowhere. I am Nicholas Payton and I don’t play ‘the j word.’ I play BAM. BAM is an acronym for Black American Music.” —
Trumpeter Nicholas Payton “On Why Jazz Isn’t Cool Anymore”. A brief quote won’t do his piece justice. Few musicians can put together two sentences, let alone an epic manifesto killing the very brand that has carried their career. Bravo.
http://nicholaspayton.wordpress.com/2011/11/27/on-why-jazz-isnt-cool-anymore/