Introducing Gravity Fund
I’m thrilled to announce the launch of Gravity Fund, a thesis driven early-stage Venture Capital firm, alongside my Co-Founder and Managing Partner, Adam Gruver. We’ll be investing in extraordinary entrepreneurs building bleeding edge technology on the brink of commercialization in four defined sectors: Consumer Marketplaces & Applications, Fintech & Crypto, Enterprise Software,
The Mosaic Investment Thesis
Mosaic is a full-stack construction technology company. Mosaic’s technologies make construction more efficient- no small feat in an industry notorious for its lack of innovation and efficiency gains. Mosaic’s efficiencies come from its proprietary programming system that systematizes the construction process by decomposing blueprints into a rich construction model used to automate
Reflecting on recent VC history and where we go from here
The venture capital industry historically reinvents itself every few years, and 2020 accelerated that cycle significantly. As we enter 2021, we’ve seen the deployment periods for many seed funds shorten to 18 months. There is a sector-specific seed fund for every sector imaginable. Traditional Series-A firms have grown into full-stack shops with
The State of Seed Stage Investing
It’s often helpful to take a step back and review the early-stage venture investment landscape, including where we’re at today and the trends that carried us to our present market dynamics. This analysis helps us look forward. Starting with a look back. From 2005 to 2012, as company formation costs fell due to
On Technological Shifts and Golden Ages
As a early stage investor, one of the main components of my job is understanding how and when the world is going to change. The companies within my portfolio are creating or utilizing sizable societal and technological shifts to create valuable business. By understanding societal and technological shifts, the best investors are
Remote Play
What’s everyone been up to in quarantine? Playing a lot of games. As the COVID-19 pandemic goes on, it can be tricky to maintain social ties and have fun with your family and friends. We all want to hang out and do things, but in the interests of everyone remaining healthy, that’s not
Post-COVID: Which Behaviors Will Stick?
It’s a strange time right now. Humanity is collectively focused on COVID-19, and it is changing the way we live. An interesting question, and an important question for investors is- what are the major economic, social and individual behavioral changes from what's happening right now that will never really reverse? Which of
Halt and Catch Fire? Probably not. The State of the US Venture Capital Market in Early 2020
In computer engineering, Halt and Catch Fire, known by the assembly mnemonic HCF, is an idiom referring to a computer machine code instruction that causes the computer's central processing unit (CPU) to cease meaningful operation, typically requiring a restart of the computer. Are we witnessing such a restart in the US Venture Capital
SaaS Valuations in Early 2020
As part of our portfolio valuation methodology, I take a comprehensive look at SaaS multiples very six months or so. To say the public SaaS valuation comps have been volatile over the past six years would be an understatement. We experienced a double dip “SaaS Crash” in early 2014 and early 2016,
The AI Chip Market Continues to Heat Up
Over the past several years, artificial intelligence (AI) has quietly become part of nearly every tech product we use on a daily basis. The targeted ads on Facebook, the song recommendations on Spotify, product recommendations on Amazon, the directions provided by Google maps, and the video recommendations on streaming services all use