Greg Smith, Chief Investment Officer, TIMIA Capital
In my industry, I am fortunate enough to meet inspiring entrepreneurs every day. I always admire their willingness to shoulder the risks involved with leading a fledgling company. Their belief in their vision somehow outweighs their fear of losing all that they’ve put on the line. They never waver — despite the sobering fact that half of all startups fail within five years and 20 percent don’t even survive one year.
During the recent SaaS North event, I met with many startup CEOs who bucked this trend and I asked them all the…
Greg Smith, Chief Investment Officer, TIMIA Capital
The question on everyone’s mind these days is, “How close is the tech bubble to bursting?” To put it more succinctly, “Who among us is the greater fool?” From the outside, the industry looks stable. Under the covers, most investors follow the same playbook: provide funding to start-ups to drive growth; demonstrate growth to secure more funding; rinse and repeat until the company goes public or bust. Unfortunately, for most start-ups, the latter is more often the case.
According to research by Harvard Business School, at least 75 percent of U.S. venture-backed start-ups…
Gregory Smith
Entrpreneur then investor. Passionate about the business of disruption. Father of three and kiteboarder.
