search: results update below


browse funds: selections are stored



recently rated:

Rated by 3
2.9
 

top rated funds:

Rated by 12
4.1

Rated by 12
4.0
 

Rated by 11
4.0
 

Rated by 15
4.0

Rated by 21
4.0

Rated by 41
3.9

Rated by 11
3.8

Rated by 44
3.8

Rated by 106
3.8

Rated by 32
3.8

Rated by 32
3.8

Rated by 64
3.7

Rated by 23
3.7

Rated by 27
3.7

Rated by 11
3.6

Rated by 18
3.6

Rated by 10
3.6
 

Rated by 62
3.6

Rated by 21
3.5

Rated by 12
3.5
 

Rated by 30
3.5

Rated by 28
3.4

Rated by 19
3.4

Rated by 14
3.4
 

Rated by 49
3.4
 

Rated by 16
3.4
 

Rated by 10
3.4

Rated by 13
3.4

Rated by 16
3.4

Rated by 60
3.4

Please take a moment and make a financial contribution to TheFunded. If we have helped you, help us with resources to further grow the both the site and our entrepreneur training program, The Founder Institute.

Member Post

TheFunded.com is an online community of over 20,000 CEOs, Founders and entrepreneurs to discuss fundraising, rate and review angel investors and venture capitalists, and discuss strategies to grow a startup business. Enjoy the site, and be sure to join us at our Founder Showcase events to meet the community.

Sign-up for Membership

9
Agree
1
Disagree

Paul Klingenstein Has Built a Very Strong Team

Fund: Aberdare Ventures

Posted by MartyManley on 2007-11-28

PUBLIC:

Paul Klingenstein invested in my startup as an angel when he was in transition from Accel and invested four more rounds in Alibris over the next six years.

My first experience with Paul was a nightmare -- for him. I called him to say roughly the following: "as you know, Paul, we are closing our financing tomorrow. But this afternoon, I got a call from a guy who works at the small company I just bought. He advised me that the FBI had just entered our data center with their guns drawn and seized our servers".

I am not making this up.

For most VCs, having the federal government seize your servers would be what is known as a "red flag" -- a hint that perhaps not everything is as we thought and that a touch more diligence would be in order. Especially since your capital is about to be consumed in litigation.

Paul wrote his check. This was not a check from a fund of OPM -- other people's money. This was a very healthy personal check. He had decided that he believed in the business and in the management team, so he would see it through -- and he did.

Paul is better at working with CEOs than any VC I know. He gives thoughtful advice. He is happy to ask if you even want advice. And when the time comes, he is not remotely bashful about beginning a sentence "If you want to remain CEO of this business.....".

Every venture investment is based on extraordinary optimism -- but the test comes when times turn bad. Alibris is not the kind of investment that Aberdare usually makes -- they focus on health care technologies, especially device and drug discovery. Paul frankly does not know much about e-commerce. But he is an experienced financier, he knows how to work with management teams, he is smart, and he brings very strong professional values to the table -- and not every VC can claim that.

Paul has assembled a wonderful team at Aberdare. Jake Odden was consistently thoughtful and Vince Kim and Naheed Ismaili appear to be leading next generation VCs, although I did not work with them directly.

Paul does an annual party with his portfolio companies. At the level of drinks and dinner, these are some pretty happy campers, but that is not data and I do not speak to the folks who don't attend.

Would I use them again" In a heartbeat. If I were a health care technology startup, Aberdare would be my first and second phone call.

-- Marty Manley

PRIVATE: Members Only