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I interviewed Jason Mendelson, Managing Director Foundry Group @NVCA Venturescape.  He spoke about how being a musician has helped him connect better with entrepreneurs.  Music has helped him develop an emotional connection with himself & as a result he finds it easier to relate to entrepreneurs.  “Hey look at that dude out there on the stage, hey he’d be a great Board member!”  He also spoke about the changes in the venture industry.  (1) Fundamental change is the democratization of  being an entrepreneur: you don’t have to be in Silicon Valley & raise $5m to start a company. 15 years ago that was the paradigm & you had to be in Boston or Silicon Valley.  Gone! Boom! Anybody can start a company anywhere! The venture industry has had to adapt & react to that both moving earlier & doing smaller deals & spending a lot more time mentoring (that’s what the Office Hours is about). VCs are spending much more time mentoring even people that they’ll never invest in just because its the right thing to do.  The way that the industry is reinventing itself is really understanding that the customer is the entrepreneur not necessarily the investor.  Our clients are the investors & obviously we need to make sure that they get a good return on their investment but the customer is the entrepreneur.

 

 

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About the author

Pemo Theodore is a Media Publisher & Event Producer. She is Executive Producer of Smart Money Silicon Valley: Network with & Learn from Silicon Valley Investors! NoPanels: Engage Directly with Investors & Industry Leaders; VCHangout: hangout with Investors! & PitchPerfect Silicon Valley: Craft your Pitch & Slide Deck for Funding! & Silicon Valley TV: Broadcasting Silicon Valley to the World! & Avion Global: Launching Diverse Mobile & IOT Startups Globally! & VC Spotlight: Spotlight on Investors! & FinTech Week Silicon Valley. She video interviews venture capitalists & angel investors EZebis: Winning the Venture Game! She is based in Silicon Valley. She has been involved in online business for 10 years. She has been in small business for 39 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research with vcs, angels & women founders) "Why are Women Funded Less than Men? a crowdsourced conversation" available on Scribd.

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