Venture investors tend to self select the stage of investment they specialize in from seed to early stage to late stage. Likewise, public market investors group themselves by capitalization (small, medium or large), style (growth or value), part of the capital structure (debt or equity) or fee structure (hedge fund to mutual fund). I’ve been fortunate enough to invest across almost all of these capital structures – from seed investments in small start-ups to distressed debt – cradle to grave investing – with a few resurrections thrown in.
Since I have been doing media – both old and new – for the majority of my career, I thought it would make sense to discuss the enormous changes in TMT (tech, media, telecom) not just from the point of view of a VC or a public market commentator – but as someone who is structurally agnostic.