AVC – Issues With The Site

As many of you know, AVC was down for most of yesterday. We were experiencing what WordPress folks call the “white screen of death” issue. This issue emerged just after I posted the video of the week around 6:45am ET. I was in Philly goofing off all day with some friends and couldn’t work on it until I got back early evening. Bill Soistmann was very helpful and we got the site back up by making some changes to the header code. But as of now, the main page header is missing and there are no comments. I plan to work on this some more today with Bill and I expect we will get everything working before the end of the weekend. I appreciate everyone’s patience while we work through this today.

Video Of The Week: Why Toddlers Are Smarter Than Computers

I saw Gary Marcus give a talk at the NYU AI Event I blogged about this past week. In that In that talk, he suggested that Deep Learning wasn’t going to get us all the way to where we want to get in AI. I thought it was an interesting take on AI, particularly right now when the buzz and hype is so high. This TedX talk makes the same argument and so I am sharing it with you.

Recruiting A Board Member

Working with many seed-stage companies, a large component of my decision-making and work revolves around being helpful as the company approaches a “Series A investment.” This term can mean different things to different people, so I’ll simply state how I define it — To me, Series A is when a professional, institutional investor (usually at a VC firm) writes a check for 75% or more of a $5M+ round, pricing the equity, converting the notes, and joining the Board of Directors. In theory, it is a long-term commitment from the institution’s point of view, and that VC is likely reserving up to two times the initial investment amount to keep investing in the company if it grows. From the point of view of a founder, “getting to the Series A” is a big milestone, anchoring deeply in the mind as seed capital is now relatively easy to Continue reading "Recruiting A Board Member"

Reading, Writing, Rithmatic

People often think that being an investor is totally exciting.  The impression is that investors sit around and shoot the shit kicking big ideas back and forth.  There is some of that.  But, most of it is pretty mundane. I was reminded of that when I saw this article on Warren Buffett.  He says the two guys Berkshire put in the pole position to replace he and Charlie Munger read more than they did.  Here is what they read:

*Ted Weschler’s reading list:

“Handelsblatt has a very good English version. I started reading that a couple years ago. The Financial Times gives you a slightly different view on the world the U.S. In the U.S., The New York Times and Wall Street Journal. I always read the local paper of the city that I wake up in each day. I still read the U.S.A. Today Continue reading "Reading, Writing, Rithmatic"

Video Of The Week: Why toddlers are smarter than computers

I saw Gary Marcus give a talk at the NYU AI Event I blogged about this past week. In that In that talk, he suggested that Deep Learning wasn’t going to get us all the way to where we want to get in AI. I thought it was an interesting take on AI, particularly right now when the buzz and hype is so high. This TedX talk makes the same argument and so I am sharing it with you.