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Think Big. Move Fast.

There’s nothing better as a Venture Capitalist than to meet an exceptional entrepreneur; one who is driven to impact the world for the better and often, at the same time, build a solution to a personal problem.  What I’ve realized over time though is that even the best entrepreneurs need a strong executive team to help make their vision a reality that is available to the masses.

Proof of this can be found in companies like Facebook who brought on Sheryl Sandberg from Google to run the company’s operations, Yelp, which attracted Geoff Donaker away from eBay, Netflix, which hired Leslie Kilgore away from P&G in its early days and even Google who named Eric Schmidt CEO in 2001.

The challenge, however, is that executives working at a large company often have a lot of incentives, from a high paying salary and benefits to stability and a work/life balance, to stay put.  So, as a startup, how do you find and attract experienced leaders away from these cushy positions?  I recently shared my advice on the topic with Inc. Magazine, you can read the full article here:

Use Equity to Hire the Best

 

Follow me on Twitter @dukeblue35 @lightspeedvp

 

 

 

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Last week, I wrote an article for AllthingD that talked about the shift if the ways that people are “sharing” online, mainly that niche social networks are giving people very targets, often private ways to share more freely.   This shift it is driven by a handful of new mobile-centric networks. Often, these networks are not only seeing the majority of their growth occurring on mobile but also seeing it driven by a younger demographic with a frequency that we haven’t really seen before.

Check out the article over at AllthingsD for a breakdown of some of the most interesting and fastest growing companies the space and let me know which ones you are using in the comments:

New Companies Are Redefining What It Means to “Share” Online

 

Follow me on Twitter @dukeblue35

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Using Bitcoin for sending money between countries seems like a no brainer; because the costs are so low, there is the potential for huge savings for immigrants sending money home.  But, as I wrote about in GigaOm this past weekend, Bitcoin isn’t yet ready to serve as a replacement for world wide remittance.

Read the full article at GigaOm: http://gigaom.com/2013/09/07/bitcoin-isnt-ready-for-prime-time-as-a-world-wide-remittance-replacement/

 

Follow Jeremy (@jeremysliew) and Lightspeed on Twitter @lightspeedvp 

 

 

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In March 2013 we led the Series A of Whisper, an extraordinarily engaging smartphone app. The app allows users to anonymously share secrets, their text over arresting images. Other users can then read, heart and reply. Here is one …

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In our last post we noted that at least half of all Bitcoin transactions in June 2013 were for online gambling on the gambling site Satoshi Dice.  We were interested to see what has happened since Satoshi Dice was acquired …

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Recently we noted that illegal drug purchases are around half a percent of Bitcoin transactions, which is far from the existential threat that it has been made out to be. Instead, the most common usecase for Bitcoin is online …

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With the backdrop of both Congress and the NY Department of Financial Services launching investigations into Bitcoin, regulation is top of mind for everyone in the Bitcoin ecosystem.

So far the only definitive statement about how Bitcoin will be regulated …

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Although many have shown a lot of angst about Bitcoin use on Silk Road, buying drugs is far from a major use of Bitcoin.

As the recent Forbes Article about Dread Pirate Roberts, the man behind Silk Road, …

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Growth without retention leads to the dreaded sharksfin curve. If you’re not retaining your users, then it doesn’t matter how quickly you add new users to your product. You have a leaky bucket.  Sooner or later, when you …

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PernixData announced the general availability of the Flash Virtualization Platform (FVP) today. Congratulation to Poojan Kumar, Satyam Vaghani and the entire PernixData team for an amazing execution! It’s hard to believe how far the company has come along in …

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