sutton020

I just came across a great blog which I hadn't been aware of yet: " VC Matters " (100 points if you get the pun), written by Rory O'Driscoll of Scale Venture Partners. Rory has an incredibly successful track record of SaaS investments, having invested in home-runs like Omniture, ScanSafe, Box.net, DocuSign, ExactTarget and many others. After reading through his posts I immediately added his blog to my RSS reader and to the "must-read list" of recommended resources that I maintain for the founders of the SaaS startups that I have invested in. I'd say Rory is one of the Top 3 VC bloggers about SaaS, the other two being David Skok of Matrix Partners and Philippe Botteri , who recently moved from Bessemer to Accel. One of the things that Rory talks about is the surprisingly large size of a surprisingly large number of niches in business software: "A phrase that stuck in my mind from a 1994 software report, was the description of the business soft...

It's not really news any more because we've already announced it a few weeks ago, and TechCrunch and Gruenderszene wrote about it already. But I haven't written about it on this blog up until now, so in case you haven't heard about it yet here you go: I've teamed up with Team Europe to create Point Nine Capital , an early-stage VC which will follow in the footsteps of the highly successful Team Europe Ventures fund, which I've been working together with informally in the last two years. So in other words, after more than a decade in entrepreneur-land and three years in angel-heaven I'm now going to the dark side of VC-underworld. That's bullshit, of course, but I needed an excuse to make that "went to the dark side" joke (which is starting to get trite, sorry) and post that picture which I found googling for "the dark side". And in fact, I'm not leaving angel-land completely, since our goal at Point Nine Capital is to be "...