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Our First Cloud Investment

Ben Horowitz and I co-founded one of the first cloud computing companies which we named, appropriately enough, Loudcloud. So we’ve been thinking about the cloud longer than most folks. In fact, we had to call ourselves a “managed services provider” in those days since no one was talking about “cloud providers” in the year 2000.…

Why Do We Prefer Founders as CEOs?

When I introduced our venture firm on this blog in July, I wrote extensively about the types of entrepreneurs and companies we want to fund: technical founders, brilliant and motivated entrepreneurs, product-focused companies, and so on. I got widespread head nods on most of the criteria. But many people were skeptical about the "founder-as-CEO" filter.…

What Some VCs Do That We Don’t Like

My partner Ben and I have been active angel investors for years and now full-time venture capitalists for 9 months. But prior to that (and for most our lives), we've been entrepreneurs. Now that we've sat on both sides of the table—and have spent more time with other venture capitalists—my partner Ben has a few…