Archive for August, 2009

Rejoice, The Funding Returns!

Saturday, August 8th, 2009

this article in Mass High Tech talks about early stage venture funding in New England. Here are the numbers that the article provided. I did some averages to keep all the figures “per month”.

  • Jul, Aug, Sept 2008: 6 deals, $34M total
  • Jan, Feb, Mar 2009: 3 deals, $17M total
  • Jul 2009: 15 deals, $97M total

James Geschwiler, executive director of Common Angels, is quoted extensively in the article, which ends: “After all, when the economy is down, investors should be taking advantage of the lower costs. [James] said: ‘I didn’t have to go to business school to learn “buy low, sell high.”‘”

Family Trip to the West Coast, Summer 2009

Sunday, August 2nd, 2009

I rarely post about day-to-day events, but this is an exception.  My family is travelling out west.  My wife Cheryl, and my son Adam (almost 18, going into his senior year of high school), are first going to Seattle so that Adam can attend residential Cybercamp for two weeks.  We had planned to do this at Bentley College, as we did for the last two years, but the parent organization (Giant Campus) has shut down about half of the Cybercamps across the USA this year due to lack of signups.  (Presumably this is due to the recession.)  Adam very much wants to stay on his promotion track (counselor in training, etc) so that he can be a counselor next summer.  Cheryl spent a long time researching alternatives, and this one works the best.

Cheryl and I spent all day yesterday getting her and Adam all set to leave.  At noon, Cheryl said that she wanted a netbook to bring, so I went to Staples, bought one, and spent hours removing bloatware, and putting in a new firewall, anti-virus too, and the apps she needs.  They left this morning at 4:00 AM for their 6:00 AM flight (she scheduled it, so don’t blame me).  Adam is doing two weeks of Cybercamp, and Cheryl is having a good time and picking Adam up for the weekend a week from now (Cybercamp ends Friday afternoon and resumes Sunday).

I’ll be here through Thursday (8/6).  On Friday (8/7) I have a 7:00 AM flight to San Jose.  I’ll be staying at Bill York’s house for a week.  Then Cheryl and Adam will fly down from Seattle on Sat (8/15), and we’ll see friends around S.F., the Bay Area in general, and Santa Cruz.  We’ll all see the Hearst Castle for the first time, and we’ll be staying in San Luis Obispo (at the Madonna Inn, although they didn’t give us one of the best special rooms).  We’re also signed up for the special nighttime tour of Alcatraz (Cheryl and I did the regular tour about 20 years ago).  We have a long list of places to visit, some of which we’ll get to, including the Computer Museum, the Intel Museum, and the Winchester Mystery House (Cheryl and Adam have already been there, but Adam very much wants to go back and show me).

We will be back on the evening of Tuesday 8/25.  Adam’s first day of school is Thursday 8/27.

To my friends in California, I want to see every one of you, but I don’t think I’ll manage to pull that off.  If you would like to get together and have not already communicated with me about it, please send me email so we can try to work out a meeting.  See you soon!

For those of you who got the “Change in status” mail from LinkedIn: no, I have not changed jobs.  When I do an angel investment, I create a new “Current Job” item so that I’ll turn up in LinkedIn queries by company. LinkedIn does not provide a way to control the order in which these items appear; it’s sorted by how recently you added the item.  I could remove and re-add ITA Software, but I’m not entirely sure that there would not be some undesirable effect.  I’ll say more in a subsequent post about how I use LinkedIn.