I have been a VC since August 2004. And I have always gotten a kick out of short company descriptions that I read in VC daily reports (like Term Sheet and Pro Rata). While I understand most of the descriptions, there are always some curve balls. Honestly, sometimes I read them and just say to myself “what the heck does that mean?” I am assuming part is just my lack of understanding/knowledge/expertise. And I am also assuming part is not related to my deficiencies.
Here are some examples of some recent descriptions for you to enjoy (my simple-minded remarks in parens):
Data-centric wiki of tech information (huh?)
Log analytics firm (like wood logs?)
Kubernetes observability platform (no clue!)
Dentists studio operator (do dentists have studios?)
API infrastructure company (do APIs have infrastructure? I guess yes!)
Low-code platform for custom engagement (is there high-code?)
By the way, most of the descriptions I read do make sense….for the most part! Just trying for some humor here in the crazy Covid times. Have a great week!
Hope you are staying warm!
CollegeMagazine just ranked Cornell #10 in group of “top schools for female entrepreneurs.” See https://www.collegemagazine.com/top-10-schools-female-entrepreneurs/.
What is most interesting is that Cornell is the only Ivy in the group….and that the group does not include Stanford or Berkeley….and that 3 of the schools in the list are very small colleges (Babson #1, Mt. Holyoke #6 and Smith #2).
I am not sure of the criteria for the ranking, but like the result non-the-less.
Enjoy your weekend.
Each year Pitchbook runs an analysis of which universities/colleges have the most VC backed alumni. In theory, this should be a measure of the entrepreneurship heft of the given school. Here is their just published report. Highlights:
- Methodology: Pitchbook tracked founders of companies that received a first round of venture funding between January 1, 2006 and August 18, 2017. Large data base.
- Page 4: Cornell ranks 6th for undergraduate programs for the number of VC backed entrepreneurs.
- Page 7: Cornell ranks 6th for dollar volume of VC dollars raised.
- Page 9: Cornell ranks 5th for female founders.
- Page 10: Cornell ranks 14th for MBA programs.
- Page 11: Cornell ranks 3rd for undergraduate founder unicorns (companies with over $1 billion in valuation)
Good reading. Enjoy!
A Buffalo-based business publication just published an article called “Which parts of Upstate New York have the strongest economies? (And which are trailing the pack?)”. Here is a PDF of the article: Upstate NY Strongest Economies.
I am obviously delighted with Ithaca’s ranking and proud to be part of this great and growing ecosystem. Things are hustling and bustling here and startups are leading the way!
Personally, I am a fan of accelerator programs. There is a healthy debate on this topic, but I think that being intensely pushed by good mentors for 3 months or so can only improve the chances of success!
This morning I came across an interesting accelerator ranking. A group of professors (from strong programs) created something called the Seed Accelerator Rankings Project. The lead is Yael Hochberg, who used to be at Cornell and is now at Rice. Definitely research and stats oriented and produced. You might enjoy taking a look, particularly as the presentation is very nonacademic!
I read about the project in Term Sheet, which is a great daily on VC. You can subscribe here.