Why Don't More Boston VC's Blog?
As entrepreneurs give me feedback on my blog, they often ask me why more Boston VCs don't blog. Of course, there are quite a few who do (these are the ones I read most often and is not a complete list):
I wish there were more. There are some firms that have no one who blogs, but they still claim to invest in the Web 2.0 market. I don't get it. I don't see how you can do that without being part of the community. Without that, you just won't be able to understand these deals.
Some possible reasons why many VCs (particularly more of the 'older' ones, like me) don't blog:
1) They are very busy. Hey, who isn't. That's not a good excuse. If you thought it was important, you'd find the time to do it. This reasons is really 'I don't think that it's important.'
2) They don't want to be wrong. I think it is risky putting opinions out there. You may be wrong, or someone important may disagree with you. So what. As long as you are not confrontational, it's just a discussion.
3) They don't want their LPs to find anything that isn't totally buttoned up when they do their diligence. Smart LPs will know that you can't invest in this space if you don't participate. Just keep your sick hobbies out of your work blog...
4) They don't want to share their opinions with the rest of the world and lose their competitive advantage. Come on. Most VCs are pretty smart, but there are very few unique thoughts in this world. By participating in the conversation, you'll have better opinions. Of course, you have to be careful in talking about new spaces and companies you are looking at, but I think that blogging helps your deal flow so that you'll see more new things anyway. And, we need to collaborate more in the Boston market anyway.
5) They have nothing to say. I don't think that this is true, but if they really don't understand the space, then maybe they'd learn by trying. See #2.
It took me a while to commit to doing a regular blog. And, it's hard to carve out the time to write something sometimes. But, I get so much great feedback from people who read The Fein Line that it's addictive. I'd like to not be Boston's oldest VC blogger much longer...If there is someone else out there who deserves that title, let me know.