Dispatches from the Frontier
Musings on Entrepreneurship and Innovation
Sunday, July 11, 2004
Angels, Orphans, and Infants
Musings on Entrepreneurship and Innovation

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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