Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Category: Venture Capital/M&A/Angels (Page 6 of 54)

Defrag 2013: On a Search for “What’s Happening Next”

Podium+SignGreetings from the 7th annual Defrag Conference in Denver. Yes, this is my personal seventh, too — I wouldn't miss this event! I've reported on every single one (which actually shows in my category cloud at the right). The first day of the 2013 version of Defrag is history now, and you can read lots about it at my Twitter stream here: @GraemeThickins. If you want the full firehose, the very busy hashtag is #defragcon. If you're into visuals, hit my Flickr set (you can view the visuals shown in this post in full size there).  UPDATE: I also posted a few video interviews on my YouTube channel. (Please subscribe to it. If I reach 100 subscribers, YouTube will let me live stream — woo-hoo!)

So, how would I summarize Day One? Well, you really had to be there, but here's a shot at the high points for me (in order of appearance):

Ray Wang of Constellation Research kicked it off with "The Identity Manifesto: Seven Points on the Future of Identity"… the money slide shown herein.
IdentityManifesto

PaulKedrosky,KauffmanFellow, VC, frequent CNBC commentator, and perennial
speaker at Defrag, did another fascinating talk, this one called "Good
Question"…interspersed with his unique and crazy data/research insights. We got a whole run-down on the history of the "knee slide" in soccer, for example… 🙂 The net-net of his talk: "What makes good questions? Those that create an information gap."
PaulKedrosky

Anjan Srinivas of Nutanix gave a really great talk on "SoftwareisEatingtheData Center"…in which he cited such trends as hypervisors being the new commodity, the rise of server-side flash, and the convergence of compute and storage.

StephenMesser ofCollective[i] delivered an absolutely fascinating Big Data talk on "UnpackingData’sBaggage:LessonsFromAirportSecurity" — a stark contrast between our TSA, which costs $43B and screens everybody vs. the approach of El Al Airlines, which has had zero incidents 1969-present, by focusing on anomolies and asking the right questions.

Jerry Colonna, former VC colleague of Fred Wilson's (now life coach) and Brad Feld, Foundry Group partner, bared it all on stage on "The Emotional Challenges of Enrepreneurship" — which really could have been titled "…the Challenges of Being a VC." Especially a unique one like Brad. Hey, do you think it's freakin' easy being Brad?? 
Brad+Jerry One of Brad's best lines during the talk:" "The machines are all laughing at us on some level." (Thanks to Robbie Jack for reminding me about that one.)

 • Klint Finley (@kintron), a writer for Wired and TechCrunch, did a talk on "Quantified Work: Tracking Efficiency Without Crushing Souls"… in which he asked, "What if you had an 'employabilty' score like a credit score?" We sure aren't there yet, as influence rankings are made for marketers, not employers, he said. He has some good links on this topic here.

Tim Falls, Director-Developer Relations, SendGrid, gave a talk about how developer marketing is best done by building relationships. He paid tribute to John Sheehan and Twilio, whom he said "were huge in helping his company us build our developer community."

Oren Teich, COO, Heroku/Salesforce, gave perhaps my favorite talk of the day. He called it "Great, Software Ate My World. Now what?" — but it was really about design, and its growing importance in our
Heroku-boothhugely techy world. Interestingly, I had earlier tweeted a photo of Heroku's booth, saying it was the best looking one here because of what? .. design, of course. His money quote: "Design creates delight… it's the thought that goes into the deep experience." Yes indeed, that's what matters today! Oren admitted he wasn't a designer himself, but that he had a really good one at Heroku. Yep!

Chris DeVore of Founders Co-Op gave a fascinating talk called "Industrial Entropy and the Future of Work" and asked, "what happens when work is decoupled from the enterprise?" I swear I heard him say that productivity advances are already no longer driven by enterprises. There's that theme of the free agent economy coming on strong again.

Ian Glazer of Gartner gave an amazing overview of the state of privacy, "Big P Privacy in the Era of Smaller Things." He said that for "liitle p" privacy play nice with "big P" privacy, preferences must travel with the data — a concept he calls "relationship context metadata." It's a really big deal, and Ian is the guy to follow if you want to stay on top of it.

• FInally, I call out Lorinda Brandon of Mashery for a very passionate talk on "The Geek Girl Imperative." She asked "why are we separating women out to learn about technology when we don't in other disciplines?"
LorindaBrandon Young girls should not be segregated like they can't handle tech unless they're coddled and shielded, like tech is some exclusively boys world. She also panned women-only adult networking as being not helpful, noting she's always avoided such things — and "I've had a pretty amazing career." Hats off to @lindybrandon for standing up and shouting, "Why aren't there more girls here?!?"

Four Minnesotans (and One Transplant) Form the Core of New VC Firm Icon Venture Partners

IconVenturePartners-logoNews broke today about the founding of a new venture capital firm composed mainly of Minnesota names, including partners from a firm with a name familiar to many here in Minnesota that is now being retired.

In a story just published a few hours ago, Icon Ventures Forms from El Dorado's Ashes, Fortune venture capital reporter Dan Primack wrote:

"El Dorado Ventures is kaput, after 27 years of investing in early-stage
companies. But two of its partners
JeffHinck hope to continue working together, on
a new platform that they're calling Icon Venture Partners." 

He said the cofounders — longtime colleagues Jeff Hinck (top right, based in Minnetonka, MN) and former Minnesotan Charles Beeler (below right, based in Menlo Park, CA) — are seeking to raise $80-100 million for the firm's initial fund. As general partners in El Dorado Ventures (Charles for a dozen or more years, and Jeff for the past few years), the duo was instrumental in Series A funding rounds recently for two Minneapolis-based startups: TST Media (known for its Sport NGIN platform), and enStratus — which also just changed its name, to enStratius. It's more than a name change for the VC firm, however, as the story implies El Dorado is closing down, with Icon being formed as a brand-new entity, albeit with some of the same players.

What's more interesting is that three other Minnesotans are mentioned as part of a "large group of venture partners and advisors" in Icon Venture Partners, including Zenas Hutchinson (at left below), Jeff
CharlesBeelerHinck's longtime colleague and fellow partner at Vesbridge Venture Parters (now apparently inactive, so Primack's story implies).

The other two Minnesotans named are Phil Soran (below center), who some 10 years ago cofounded storage company Compellent, acquired by Dell in 2011. Prior to that, Soran cofounded Xiotech, which was acquired by Seagate in the late '90s.  Soran's longtime associate Dennis Johnson (below right), who served in senior sales positions at both storage firms, is the other Minnesota venture partner named in the story. Icon Venture Parters' Hinck and Beeler were early investors in both of Soran's startups, Hinck then a partner at Palo Alto & Minneapolis-based Crescendo Ventures, and Beeler at Menlo Park-based El Dorado.

(Disclosure: Crescendo Ventures was a client of my consulting firm some ten years ago. Compellent was also a client in early 2011.)


ZenasHutchinson 
PhilSoran  
DennisJohnson

 

Kedrosky: Venture Capital Contraction Has Ended, But Accelerator Contraction Looms

PaulKedroskyPaul Kedrosky, an investor, CNBC commentator, and a fellow at the Kauffman Foundation, sees a train wreck coming. In a post published Febuary 4th, entitled "Venture Capital Contraction Has Ended, But Accelerator Contraction Looms," he first says:

"After arguing a few years ago in a Kauffman paper that the VC industry needed to shrink back to heath, it has mostly done so. Granted, the industry isn't exactly thriving yet, but most of the asset class shrinkage is now over, so further gloom and doom is more a reflection of a particular writer's psychological state than of the merits of cutting VC industry by larger amounts from here."

Then he goes on to cite another shinkage he thinks is imminent:

"…a collapse in the embarrassingly overheated accelerator segment…will almost certainly come later this year…"

 

via www.growthology.org

 

It Was Tech-Conference Heaven This Week in Denver for #Defragcon and #Blurcon

Defrag-Blur-bannersBut if you follow me on Twitter, I guess you, uh, knew that… 🙂 Because it was nonstop, crazy, hair-on-fire tweeting from me Tuesday through Friday!! These back-to-back events were fantastic — I got to see many old friends, make some important new contacts, learn about lots of cool new startups, plus see some amazing new technology — particularly of the human-computer interface variety at the Blur event, Thursday evening and Friday.

The Twitter hashtags for both events were extremely active, to say the very least! Someone even posted a pie chart of the active tweeters towards the end of the first day of Defrag, which I reposted on Google+ here. I didn't get the total count of tweets at that point, but it had to be huuge, with #Defragcon surely a trending topic on Twitter for a while.

For some of my other coverage of both events, listen to these SoundCloud audio interviews I did during the three days, mostly of speakers or exhibitors. In addition, I posted all my photos to this Flicker set, covering both events. You can also see a blog post I did on this site, right before Blur, highlighting the two awesome Minneapolis startups I was instrumental in getting there: Canopy and QFO Labs, both of which made some amazing connections.

It was my sixth consecutive year at Defrag, ever since it began in 2007. It was my first Blur, which had previously been held twice in Orlando. This was the first year it was colocated with Defrag, which I understand will continue. The well known VC firm Foundry Group is a backer of these conferences, run by my longtime colleague and friend Eric Norlin, as well as the Glue conference developer event, held each May at the same location, the Omni Interlocken Resort in Broomfield, CO. Watch for the dates of the 2013 Glue, to be be announced soon on that web site.  It will be the fourth annual, and I intend to be there. Join me!

My Live Blog of the 2012 Glue Conference – #gluecon

Glue-logoThe fourth annual Glue Conference was held May 23-24 at the Omni Interlocken Resort in Broomfield, Colorado. (Pre-events were held May 22, including a Cloud Camp.) This live blog began at 8:30 am Mountain Time May 23, and continued throughout the event and beyond, capturing tweets until about 7:00 am May 25. It includes all my own tweets at the event, PLUS all those by others that contain the #gluecon hashtag… so I hope you're ready for a firehose!

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