Dispatches from the Frontier
Musings on Entrepreneurship and Innovation
Sunday, July 11, 2004
Angels, Orphans, and Infants
Musings on Entrepreneurship and Innovation
Sunday, July 11, 2004
Angels, Orphans, and Infants
The other day, I had an interesting conversation with Colin Wallace. Colin and his partners at Publex Ventures are launching a new, $40 million fund that will make investments in early stage private companies and micro-cap public companies with the intention of facilitating value-creating mergers. Colin calls the process "liquidity by design." In true entrepreneurial fashion, the investment thesis emerged from the recognition of the pain of three groups: angels, orphans, and infants.
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