Author Archive

Life: Why we can’t walk straight

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A great animation explaining why people can’t walk straight when blindfolded together with the results of an experiment…

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Books: 20 Things I Learned about Browsers and the Web

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Google has produced a wonderful animated online book called “20 Things I Learned about Browsers and the Web” that explains many concepts and tools that the Internet is build of today…

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Life: Fake Work in the wild

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Fake Work – the best description for a cancer / plague often seen in large monolithic organizations. It is also very popular in organizations that have far to many people for the tasks assigned to them, but justify their existence with such counterproductive activities.

We’ve observed its most extreme use with a so-called Public-Private-Partnership in Geneva where 600 people are “working hard” to burn through Billions of tax payers funds while doing the work of 50. The sadest thing about such environments is that those who don’t do anything productive will most of the time get the recognition while the few others working hard are often treated like dirt.

Here’s the best definition we found …

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Finance: The Indian Venture Capital Industry – Interview with Pravin Khatau

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Mr Pravin Khatau, a native Indian and a former Executive Director with Goldman Sachs, has a distinguished track record in Venture Capital investing globally and particularly into the Indian markets. He was previously on the board of a well known VC firm in India and is currently also serving as a Board member of the MVCA in Europe.
Mr Pravin Khatau was kind enough to share his insights into the Venture Capital industry with Duvet-Dayz as part of our Venture Capital series…

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Cartoon: The Changing World

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A vintage cartoon from John T McCutcheon demonstrates to us that we’re seemingly again starting to look into some topics in a similar way as before the great depression in the 1920…

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Finance: Are technology VCs coming back? (Part 1)

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After quite a few years of dull runs since the 2000 IT bubble burst and together with it many hopes and portfolios of high flying Venture Capital firms in Silicon Valley, it seems they getting back again into full swing.

While many of the smaller VCs still struggling to get new funds in, last week’s successful placement of a new USD 650 Million fund by Andreessen Horowitz, basically tripling their capital for investment, speaks a different language.

With nearly zero return on treasuries, negative yields on TIPS and very low coupons on newly emitted corporate bonds, the huge increase of capital available through Quantitative Easing and money presses running non stop around the globe, more and more capital seems to seek investments that provide income beyond such meager returns. Private Equity and Venture Capital funds have demonstrated this in the past.

Investors putting money into Private Equity or Venture Capital funds that are considered an illiquid asset class, do certainly believe that holdings in companies even within the less mature ones VCs normally invest into will provide (more) tangible assets for their money than by investing into such companies via the stock markets which in the U.S. have endured an constant outflow of retail investors funds over the last year.

And the battle for investments between VC funds looks like heating up again (like it’s 1999 ???) when following the bidding war of various VC funds over a 6 month old small New York start-up called GroupMe that Khosla “won” during the last days by valuating it at a hefty USD 35 million.

There are nevertheless many changes since the 2000s – particularly for VCs investing into technology start-ups.

First with cloud services from Amazon and …

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