Comments on: Pioneers of Venture Capital http://www.ensight.org/2006/04/02/pioneers-of-venture-capital/ I'm The Boss @ netmobs, past CEO of b5media, author of Blog Marketing and a hardcore Canadian Fri, 05 Mar 2010 15:46:26 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Andrew Bruce http://www.ensight.org/2006/04/02/pioneers-of-venture-capital/comment-page-1/#comment-49100 Andrew Bruce Mon, 03 Apr 2006 15:22:11 +0000 http://www.ensight.org/?p=2363#comment-49100 Thanks for posting this piece on VC's. I started a company funded by Texcao in 2000. The funding recieved was enough to prove the technology, validate the market and raise the next round of funding. We never did raise the next round due to many factors including the Enron and tech crashes at the same time. Not good if you're starting an energy software company! The main point of that caught my eye about your post was the observation that there are promoters and builders. My saying at the time was that we'd spent twelve months being in the business of raising money, and that we needed to switch to the business of being in business. We sold the business in 2005 and we stayed in business by concentrating on the basics. Make more sales, develop a good relationship with the bank, and pinch every penny. I'd recommend two excellent books, and I've read many, for anyone starting any business. The Art of the Start by Guy Kawasaki at amazon here http://www.amazon.com/gp/product/1591840562/sr=8-1/qid=1144077519/ref=pd_bbs_1/103-3717032-2607022?%5Fencoding=UTF8 and also A Good Hard Kick in the Ass found on amazon here: http://www.amazon.com/gp/product/0609609505/qid=1144077585/sr=2-1/ref=pd_bbs_b_2_1/103-3717032-2607022?s=books&v=glance&n=283155 If I can offer any advice about the trials and tribulations of starting up a new venture, feel free to contact me. I have a few battle scars and don't mind helping out where I can! Thanks for posting this piece on VC’s.
I started a company funded by Texcao in 2000. The funding recieved was enough to prove the technology, validate the market and raise the next round of funding.

We never did raise the next round due to many factors including the Enron and tech crashes at the same time. Not good if you’re starting an energy software company!

The main point of that caught my eye about your post was the observation that there are promoters and builders. My saying at the time was that we’d spent twelve months being in the business of raising money, and that we needed to switch to the business of being in business. We sold the business in 2005 and we stayed in business by concentrating on the basics. Make more sales, develop a good relationship with the bank, and pinch every penny.

I’d recommend two excellent books, and I’ve read many, for anyone starting any business.
The Art of the Start by Guy Kawasaki at amazon here http://www.amazon.com/gp/product/1591840562/sr=8-1/qid=1144077519/ref= pd_bbs_1/103-3717032-2607022?%5Fencoding=UTF8

and also A Good Hard Kick in the Ass found on amazon here:
http://www.amazon.com/gp/product/0609609505/qid=1144077585/sr=2-1/ref= pd_bbs_b_2_1/103-3717032-2607022?s=books&v=glance&n=283155

If I can offer any advice about the trials and tribulations of starting up a new venture, feel free to contact me. I have a few battle scars and don’t mind helping out where I can!

]]>