IRR vs Return on Committed Capital

Typically, venture capital and private equity firms will report their returns as the Internal Rate…

A Way to Look at Start-up Metrics

Recently, I’ve spent a bit of time talking to start-ups and trying to help them think about future…

Valuing SaaS Companies 1/3

The way that we look at valuations, specifically, the multiples that software companies trade at is disconnected…

Cultural nuances in Asia

It’s generally accepted by the start-up that it’s easy to take ideas that have worked in developed markets and…

Underperformance in Venture Capital

Play is underrated

People learn through play. The concept of “play” has been largely removed from our day-to-day lives. Without it, it’s…

Macro and Venture Capital

A number of times we find ourselves talking to other investors about the macro-economic cycle and how it will…

The Lindy Effect Applied to Start-ups

What if success in life isn’t purely a result of hard work and determination but a…

The Pivot

Raising funding for a start-up can be difficult, this can be made even more so when the company is trying to raise funding to cover over the…