Wednesday, September 08, 2010

Chris Dixon: A New Breed Early Stage Investor

Chris Dixon is a New Yorker. Chris Dixon has a day job. He is working to build a middle range, ambitious company. Hunch is one of those post-algorithm search engines. They try to bring in the human element more front and center.

Chris Dixon was not trained as a techie. He did not learn programming at school. But he is very much a creature of the tech world, the startup world. He very much fits my definition of a techie. He belongs. He will rule.

I wish more prominent tech entrepreneurs blogged like Chris Dixon does. But his blog is less that of a tech entrepreneur, and more that of an early stage investor.

I think Chris Dixon's real calling is not that he is a tech entrepreneur, but that he is one of those who are really defining early stage investing. If you listen to Dixon, you will think VCs are dinosaurs. They don't "get" it. They are not hands on enough. They don't really get their hands dirty. Writing checks no longer does it. You really have to be involved.

And this blog post by Chris Dixon is a jewel. It really distills a lot of what he has said over time.
GigaOm: Chris Dixon To VCs: Act More Like Startups: “have fewer meetings” and “have everyone at the firm blog/tweet.” ..... venture firms should act more like the startups they invest in, right down to his suggestion that they “have offices that look and cost like startup offices — or better yet, don’t have offices at all [and] spend your time visiting companies.” ..... VCs should not “talk/tweet/blog about your vineyard, yachting, golfing etc. while you tell your CEOs to work non-stop and be frugal.” ..... “Stop kidding yourself that you add a lot of value beyond recruiting/intros/governance/financing/selling companies.” ..... “Say no to companies. Saying “come back later” feels like a free option to you but actually hurts you and the startup in the long run.”

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