Saturday, January 28, 2012
Friday, January 27, 2012
VC Bio: Phil Black
"Phil is a founder of True Ventures with an expertise in early stage investing. He worked for many years learning the venture trade while at Summit Partners and at the predecessor firm to Lightspeed Venture Partners. He spent the crazy “internet bubble” years at ABS Ventures working with John Burke, and, in 2003, they co-founded a small angel fund, Blacksmith Capital, which set him on the path of pursuing the earliest stage technology companies that wished to raise modest, initial rounds of capital. Blacksmith proved on a microcosmic level what True Ventures has been able to institutionalize: great founders of early stage technology companies can and often prefer to start their businesses and get a lot of traction with $2.5 million or less of initial capitalization.
The experience and discipline that Phil honed at Blacksmith is a critical asset to True, along with his unending passion and excitement for the early stage technology community. Phil holds an AB degree in Economics from Stanford University. He is also not afraid to have a little fun with social media and goes by the handle “MrVelvet” on Twitter. Be sure to ask him about it if you get a chance."
Thursday, January 26, 2012
CNBC: Tech CEO Report Card (Google Microsoft IBM Intel)
Lively debate on CEO effectiveness. Does it make a difference who is leading?
Saturday, January 14, 2012
VC Bio: Peter Thiel

Peter Thiel is a technology entrepreneur, investor, and philanthropist.
He first gained attention for innovations in banking and startup finance. Today he is known as the mentor of the PayPal mafia of entrepreneurs, as well as for his warnings of a coming technology deficit with severe economic consequences. He works to accelerate innovation to prevent such a crisis by identifying and funding promising technology ideas and by guiding successful companies to scale and dominate their industries.
In 1998, Mr. Thiel made e-commerce easier, faster, and more secure by co-founding and leading PayPal, which now has more than 100 million active financial accounts. In 2002, he sold PayPal to eBay and founded a global macro fund, Clarium.
In 2004, he co-founded Palantir Technologies, which offers platforms for finance companies and intelligence, defense, and law enforcement communities to integrate, visualize, and analyze the world’s information.
In the same year, he made the first outside investment in Facebook, a social networking hub that now has more than 800 million active members. He serves on its board.
Building on his personal success as a venture capital investor, Mr. Thiel co-founded and manages Founders Fund, a leading Silicon Valley venture capital fund that has pioneered new methods of venture financing that benefit founders. Through Founders Fund, as well as through his private investing, he has helped the next generation of tech companies, such as SpaceX, LinkedIn,Yelp, Zynga, RoboteX, and Spotify.
Mr. Thiel promotes better health through investments in innovative companies like Halcyon Molecular, Practice Fusion, and ZocDoc, and by funding the longevity research of Dr. Cynthia Kenyon and the SENS Foundation.
Mr. Thiel advances freedom by sponsoring the Committee to Protect Journalists, the Seasteading Institute, and the Human Rights Foundation. He funds the artificial intelligence research of the Singularity Institute for Artificial Intelligence. He also aids work against violence through the Oslo Freedom Forum and through the research of philosopher René Girard, which is extended and promulgated by Imitatio.
In 2010, Mr. Thiel created the 20 Under 20 Thiel Fellowship, which nurtures the tech visionaries of tomorrow.
Mr. Thiel earned a B.A. in philosophy from Stanford University and a J.D. fromStanford Law School, where he occasionally teaches on globalization and technology and serves on the board of overseers of the Hoover Institution. His articles have appeared in Policy Review and the Wall Street Journal. He co-produced the film Thank You for Smoking, was rated a master by the United States Chess Federation, and received the Innovation Award from theEconomist in 2010.
Mr. Thiel established and funds the Thiel Foundation. He lives in San Francisco.
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