Congratulations to all of those who had the vision and fortitude to start a company this decade. Win or lose, you have my deepest respect. Whether your quest is over, in mid-flight or just beginning, stay positive, stay focused and know that all experiences are valuable. 👍💪❤️
Roger Ehrenberg
21.9K posts
partner @ebergcapital @AlpineF1Team @marlins @realsaltlake. founding partner @iaventures. @thetradedeskinc @Wise. @UMich @Columbia_Biz. family man. @umich 〽️
- Re-starting Major League Baseball: Motivation and manipulation link.medium.com/9EOgkLKcQ6 I miss baseball. But I wanted it re-started right and I want the parties to be treated fairly. The current proposal misses the mark - by a lot. #MLB #MLBPA
- Replying to @twentyminutevc @sasmith4 and 4 othersCapital can be a powerful moat in capital-intensive businesses where unit economics are attractive and well-established. Capital can be fuel for destruction in capital-light businesses when excess dollars go to marketing and illusory “growth” with poor payback periods.
- The next chapter at IA Ventures link.medium.com/1q6G3K4uNjb It has been an amazing 12 years. I'm so grateful to @bradgillespie @beyroutey for their partnership and friendship, our LPs for their support and our founders for letting me be a part of their journeys. 🙏❤️
- I just published Building a seed stage venture firm link.medium.com/nMH2A3B2zU Inspired by @micahjay1 and @semil. Thanks for the impetus! #vc #firmbuilding
- This is @UMich. We cheer. We study. We laugh. We persevere. It is and has always been a special place, but after a generational victory there is a vibration that is hard to describe. It’s about process. It’s about community. It’s about belief. #theteam #goblue @UMichAthletics
- Important insight from @fredwilson. Being truly founder friendly in early stage venture means empowering founders to stop when it’s just not working, and to not feel guilt around investor losses. We expect many experiments to fail and to lose money. It’s the business. #vcPivot or Fail? dlvr.it/QrX7VV
- It strikes me that today's market environment is pretty unusual for a wide swath of the Twitterati, having not been investing, earning or company-building in the 1980/90s. So probably the best way I can help isn't market prognostication but mind-set /1
- The most successful VC firms, like the best startups, emerge from a few key factors: a high-performance team with alignment of vision, chemistry and culture; ruthless focus on process improvements and rapid experimentation; and the ability to take the long view and accept ST painactually what I meant is that whomever successfully pulls it off (by pulls it off I mean 3x+ net to LPs) is extraordinary — was not an indictment of new funds or structures!
- Report: Bill Gurley is stepping away from an active role at Benchmark, 21 years after joining the firm tcrn.ch/2xHaAqM by @cookie
- I wanted to share some reflections on perhaps the hardest and most nuanced part of the seed stage VC's job - the founder relationship. It's so hard because it encompasses both observable (tasks, goals, performance) and unobservable (ego, mental state, personal history) issues...
- One of the least scientific topics with the most degrees of freedom as a venture investor. But I’d rephrase the question: it’s not about stock distribution strategies, it’s about distribution strategies writ large. Because cash vs. stock has a decision-tree unto itself.Doing a deep dive on stock distribution strategies among top VC firms. Despite being such a potential force multiplier for returns, there is near zero consensus or set of best practices.
- While Democrats might be celebrating Trump's fading in the polls and seeming self-undermining behavior, there are an array of signs that he and his Republican co-conspirators have unconventional plans in store. Remember, respecting norms mean nothing to today's Republican Party.
- Some thoughts on team size, burn and runway at the seed stage by @bradgillespie link.medium.com/c2Rw3Qxtb5 A gem from my @iaventures partner Brad that pulls together threads that he, @beyroutey and I talk about every day. Earn your burn. If you don't die, you can win.










