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Hi, I’m Brad Feld, a managing director at the Foundry Group who lives in Boulder, Colorado. I invest in software and Internet companies around the US, run marathons and read a lot.

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Early Stage Investing in an Uncertain Economy

Comments (5)

I’m on a panel on Tuesday September 9th from 5pm – 8pm titled Early Stage Investing in an Uncertain Economy.  It’s being sponsored by the Rockies Venture Club and is being held at the Denver Marriott City Center.  If you are interested in attending, you can register here.

Since the Rockies Venture Club is largely targeted at angel investors and entrepreneurs it should be an interesting conversation.  The TechStars Demo and Investor Day two weeks ago was packed and the 2008 TechStars teams are seeing very high interest in their early stage rounds.  If this is a data point, it would indicate that the "uncertain economy" isn’t having much impact.

As an early stage VC investor, I don’t pay much attention to the macro economy.  I’ve written about this in the past – some of our best investments have come during crappy economic periods (say 2001 – 2003).  We are funding very early stage companies with an expectation that it will take them 5+ years to mature into a successful business.  Lots can happen in 5+ years.

I’ll save my snarkier remarks for the panel.

  • Mike

    Will this be recorded/available for those of us that can't make it? As an entrepreneur of a startup that is currently in growth & fundraising mode, I'd like to see how the discussion goes.

    • http://www.feld.com Brad Feld

      It might end up on w3w3.com – I'm not sure.

      • Mike

        Thanks… if you have time after, please post a summary and/or your thoughts here or as a blog post. I'm (hopefully) not the only one interested in this.

  • Kimm Viebrock

    My experience is that an uncertain economy means it's not any more risky for someone with a good idea to go into business for him/herself as it is to try to find a job in their field – in fact, a down economy may even push a person into trying to come up with such entrepreneurial-minded ideas.

    I'd imagine a discussion focusing on how investors are the lines connecting the dots between this particular flavor of risk-taking and the impact the current economy may have on chances for success would be very interesting indeed. Or the glue. We know Brad likes glue. I just don't know about gluing dots together.

    My gut sense is that it has to be a lot like building new office space, an activity that often happens in down markets so that the space will be available when the market rebounds and companies are growing & looking for room to expand. The lead time it takes to build office towers means you always are in construction mode long before it's needed.

  • Mike

    Thanks… if you have time after, please post a summary and/or your thoughts here or as a blog post. I'm (hopefully) not the only one interested in this.

  • http://www.votetheday.com votetheday.com
  • http://www.votetheday.com votetheday.com
  • Mike

    Will this be recorded/available for those of us that can't make it? As an entrepreneur of a startup that is currently in growth & fundraising mode, I'd like to see how the discussion goes.

  • http://intensedebate.com/people/bfeld bfeld

    It might end up on w3w3.com – I'm not sure.

  • http://intensedebate.com/people/kimm_viebro1980 kimm_viebro1980

    My experience is that an uncertain economy means it's not any more risky for someone with a good idea to go into business for him/herself as it is to try to find a job in their field – in fact, a down economy may even push a person into trying to come up with such entrepreneurial-minded ideas.

    I'd imagine a discussion focusing on how investors are the lines connecting the dots between this particular flavor of risk-taking and the impact the current economy may have on chances for success would be very interesting indeed. Or the glue. We know Brad likes glue. I just don't know about gluing dots together.

    My gut sense is that it has to be a lot like building new office space, an activity that often happens in down markets so that the space will be available when the market rebounds and companies are growing & looking for room to expand. The lead time it takes to build office towers means you always are in construction mode long before it's needed.

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