A Danger in Stock Option Agreements

When an employee accepts a new and exciting job opportunity, she usually is not worrying about whether a new employer can take her vested stock options back. Unfortunately, however, we are seeing more and more technology company employees discover that their employer can reduce or even eliminate the value of their options. How? By exercising […]

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So You Want to Raise a Fund? 6 Lessons in Fund Formation

Today marks the end of the beginning of Akkadian Ventures, as we announced our third fund and our first institutionally backed one.   Many people don’t know, however, that Akkadian is the second “first time” fund I have started from scratch.  (In 2007, Josh Becker and I raised New Cycle Capital, which was an early stage […]

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The One Thing to Ask for When Leaving a Start-Up

From my position as a late stage provider of employee liquidity, I often see what works and what doesn’t when it comes making money at start-ups. After looking at hundreds of individual situations, I would like offer one piece of advice to departing executives. The absolute best thing you can ask for when leaving a […]

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Stop Hating: Bitcoin Needs Both Investors and Critics

Bitcoin critics really hate Bitcoin. Today Alex Payne blogged what I am sure he felt was a scathing and effective indictment of Andreessen Horowitz’s investment in Coinbase, which is probably the leading startup focused on the Bitcoin economy. He wrote: Most charitably, Bitcoin is regarded as a flawed but nonetheless worthwhile experiment, one that has […]

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Why Founders Leave Successful Companies: 4 Archetypes

In my line of work, it’s a common occurrence to run into founders who are no longer involved in the successful companies they built.  At first glance, a departed founder from a successful company seems like an anathema.  After all, venture capital firms these days are each falling over each other to position themselves as […]

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Ask these three questions to find out if your company cares about your equity

There are two types of companies. One type sees equity as something an entrepreneur earns for making valuable contributions while employed. The other type wants to lure an employee to work day and night, but then hopes that you never actually get your hands on your equity. If you want to win at the entrepreneurial […]

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Why I brought on a Co-Founder three years after starting Akkadian

As the founder and sole investing partner at Akkadian, I have had the honor and responsibility of making the final investment decisions at Akkadian for the past three years. I have also had a great team supporting me in fundraising, sourcing, due diligence, research, valuation and legal, and we’ve done very well with this model. […]

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Akkadian Ventures Adds Secondary Industry Pioneer to Investment Team

Mike Gridley joins as Managing Director San Francisco, Calif. October 10,2013 – Akkadian Ventures today announced that Mike Gridley is joining the firm as a Managing Director. Gridley will be Akkadian’s second investing partner and a member of the Investment Committee with co-founder Ben Black. Mike Gridley is an investing pioneer in the venture capital […]

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