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November 01, 2006
VCs are Dead--Maybe Not So Much
With all the speculation about how the VC model is broken, it's fascinating to see how Charles River Ventures is responding to the changing environment of cheaper smaller, more nimble startups. Through Quickstart, Charles River Venture will offer small loans of up to $250,000 for startups that can be converted in an equity stake when a company raises its Series A round. This is another example, (take a look at how Fred Wilson describes how business at Union Square Ventures ) of how industries can evolve, rather than disappear. And how the smart companies are the ones who try to innovate. Ok, so sometimes the innovastion is misguided, but making the attempt is half the battle.
I thought this would be a great opportunity to include George Zachary of CRV in the VC series I have been doing for the podcast, so let me know if you have any questions.
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? Venture Capital: George Zachary on QuickStart for Entrepreneurs from Entrepreneurship with John Furrier: Podcasts with Entrepreneurs and VCs
Launched today, George Zachary talks about Charles River's QuickStart program, a seed funding program to jumpstart "capital light" companies. He talks about the benefits to entrepreneurs, why it's good timing for the current landscape, and why he is ex... [Read More]
Tracked on November 1, 2006 10:30 PM
I'd be much more pessimistic if they were looking to have the entrepreneure be personally liable for it (as is the case for some deals here in Utah).
It's always a good day when VC's have to move.
Posted by: jeff barson at November 1, 2006 03:00 PM
Heather - keep the podcast's coming - very valuable... And I like that you take questions from the readers/listeners... the more heads up on who will be on the better. Thanks!
Posted by: Rick Loughery at November 2, 2006 04:09 PM