Well, not really, but with the stream of breakfast meetings, it sure feels that way!
I think I’m spending too much time with venture guys.
As I’ve written before, the venture business is struggling. There’s still too much money, funds are too big, there are too many professionals, etc. Big, name-brand funds have a hard time participating in the smaller, more capital-efficient projects (which is where the action is, at least in software). Things are getting a little better, but long-term nature of venture funds will cause the correction to happen in slow-motion.
I’m realizing I’m spending a lot of time talking to venture friends about projects that they (a) can put a lot of capital into (that may not necessarily need it), (b) incubator/hatchery/Y-Combinator type programs, (c) new seed-stage funds, etc. Some ideas are interesting, but I’m realizing these discussions are more about solving their problems.
Now, I’m not anti-VC at all. For the right project, venture definitely has a place. But I need to take my own advice: less time with venture folks, more time being entrepreneurial.