Big Picture-Macro View

What the greatest technology investors say about the Big Picture-Macro View

 

Brad Feld's Investment Criteria

Brad Feld  venture capitalist and Managing Director Foundry Group

Feld discusses his investment criteria.  Feld first determines if the investment falls within his ‘filters’: US and Canada-domiciled early stage firms which have raised less than $3 million and fall within one of “[Foundry’s] [] [broad horizontal, abstract themes]”.  Assuming the investment fits within these filters, “[] then [Foundry] goe[s] incredibly deep on [] people and product. [] [Feld gets] excited about people who are super-obsessed about a product.  [] [If Feld wants to work with the entrepreneur, and the entrepreneur wants to work with him and is product-obsessed, and Feld has an attachment for that product, then he’ll invest.]  [] [Feld]  [already knows his markets, competitive dynamics, the business model.]  [] All [Feld] care[s] about is what [the entrepreneur is] going to do with the idea [] or the product or [where he’s taking] it”.  The best founding teams are 2-4 people half of whom are product-focused.  His optimal nascent team is 3 people, 2 of whom are product-focused, “all [of whom] are passionate [about] the product []”.  Brad Feld,  This Week in Startups # 319, published Jan. 9, 2013,  @ 25- 32 min. into interview with  Jason Calacanis;  http://www.youtube.com/watch?v=INyouAjKgR8