Inbenta, an Amasia portfolio company led by Jordi Torras, has done just that: redone its business model and the product while still growing at a healthy clip and without hemorrhaging cash.
Here's the best of what I read in 2018. I set myself an arbitrary count of ten this year. This really forced me to think about which books had a meaningful impact on me, i.e. not just “great books I can unhesitatingly recommend”.
The VC business, for a fund manager, is an orgy of rejection. During the course of a year, we will touch 1,000 companies at Amasia; we'll invest in three (maybe four, sometimes two). What this means is that on 997 occasions, we're saying no.
It's spring, which means the thoughts of VCs turn lightly to thoughts of demo days. Many accelerators have their demo days in March. If you haven't been to one, these are celebrations of entrepreneurship; 21st century business theater. Meeting many, many companies and founders in a concentrated period produces the following reflection.