A Bit Too Careful
Fund: Alloy Ventures, Inc.
Posted by Anonymous on 2007-08-17
Hey, it's not my money--or theirs--so it's easy for me to say they appear a bit too careful. But they do. Tempting to say they are past their prime, but I think they are doing the same thing they did at Asset Management...their previous firm. They are looking to create new subsidiaries of big companies....not new big companies. It's a subtle difference, but you see it all around them. After X years, it's time to bring in professional management....even if there is nothing to professionally manage. At month 1, the company is thinking too big...and needs to prove out its potential with only 1/2 of what it wanted. As a result, everything falls short. Expectations are too low in the beginning and too high near the end. As a result, Alloy and the startup management team never quite get it right because they are never aligned....and neither side ever figures out why.
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