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Alan Patricof, founder of Apax Partners and Greycroft Partners, received a lifetime achievement award from Venture Capital Journal at Thomson Reuters' Venture Alpha East 2014 conference in New York. . In this interview, Patricof gives tips for a long VC career and weighs in on bitcoin, IPOs and the startup environment. . Video date: March 26, 2014
Founded in 2009, Google Ventures has already become a notable force in early-stage venture investing. With an annual fund allotment of $300 million, the team invests in startups from a variety of sectors. Google recently made investments in music service TuneIn, recommendations site Luvocracy and aircraft technology provider Airware. . Karim Faris, general partner of Google Ventures, leads the firm’s investments in enterprise software, big data and security. . Faris sat down for a video interview with Venture Capital Journal in May 2013, in which he talked more about his investment strategies. . Faris's portfolio companies include ClearStory Data, RetailMeNot and DocuSign. Faris, who used to be on Google’s M&A team, is not focused on finding companies that could be bought someday. Instead, Faris says Google Ventures enters an investment with “the mindset that we’re building a self-sustaining standalone company that has prospects of being a public company one day.” Faris says that strategy increases the odds of providing better returns for the investors and entrepreneurs. . Going forward, Faris says he is enthusiastic about enterprise software, an industry which has seen many successful IPOs as of late. Faris says enterprise software is “making things more accessible more usable and cheaper,” adding that the sector is “ripe for disruption.” . However, regardless of the investment, Faris, like other venture investors, says it ultimately comes down to backing the right team. When deciding whether an investment is worth it, he asks, “Is the problem that they’re solving an aspirin or a vitamin?” You’ll have to watch the video to find out what he means. . By Katie Roof, contributor, Venture Capital Journal . This story first appeared in Venture Capital Journal in June 2013
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