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Jeff Clavier's Software Only

"It's the Software, Stupid" Musings, rants and thoughts of an early stage investor about Web 2.0, Search, Social Media, Communities, Monetization, Venture Capital, Gaming, etc.

One of the 25 Most Influential People on the Web. Moi?September 30

Well, I would certainly not have claimed it, but BusinessWeek has when putting together this list of usual, and not so usual, suspects that includes yours truly.

You see, what always troubles me having investors being “celebrated” is that our job is to help and support entrepreneurs, and make sure that the attention is focused on them, not us. Like I said when the list of 13 Web 2.0 Kingmakers was published, I feel that I have been extremely lucky to work with a number of really smart entrepreneurs, some (5) who sold their companies in early yet very profitable exits, a few (4) who failed, and a lot (close to 40) who are still working very hard at it at different stages of financing. But four years into investing in consumer Internet, they - collectively - and I still have everything to prove, especially in these most challenging times.

So thanks to BusinessWeek for the attention, and let's hope that in a few years I will have proven them right. It is obviously very nice to share the

Twitter: Where Nobody Knows Your Name - Yet ?April 28

Props to Kara Swisher for prompting me to open Ecto and work on a blog post, something I have not done in a long long time (almost 5 months since this announcement of my Seesmic investment). I won't even apologize to my 122K RSS subscribers (what ?) because I am not feeling apologetic at all. I have moved on from blogging - feeling the obligation of developing 500 word pieces that took sometimes a couple of hours to assemble - to bits of 140 characters, and rarely videos, I post every now and then and I suspect that a lot of my “audience” - entrepreneurs, VCs, established Internet companies and other constituents have pretty much followed me to twitter. Disclosure: I did not invest in Twitter but a lot of my friends have.

Kara makes the point in her post that Twitter is not very well known outside of Silicon Valley - yet and asks when we'll see a mainstream adoption. This is true and I suspect very

At, On and In SeesmicNovember 30 2007

Even though it is still in closed alpha, Seesmic has started generating a lot of buzz in Silicon Valley, in France and in the Social Media ecosystem. I remember clearly when its founder, my dear friend Loic Le Meur, told me months ago about the idea of a video community that would be able to interact and exchange using short form videos - sort of a “Twitter for Video”. I don't recall if my initial reaction was “Doh”, “Yukh” or “Pfffh”. Then, mid October, I had access to the very cut of the product. It was still pretty raw, or at least medium rare, but definitely showed a lot of potential for creating conversations through short form videos on Seesmic itself, but also the on other services that videos can be posted or linked on. I also saw the initial frenzy - that we are used to - around the release of the first set of keys to access the application, and the increasing number of videos created by the first few hundreds of test users. For a group that size, they create a *lot* of video content, and we can see conversations happening around these videos on twitter, youtube or individual blogs.

So yesterday I was at Seesmic, visiting the office - great space I must say, just a puppy promenade away from Dogster's headquarter - where the previously announced recording studio is being built. This gave me the opportunity to be on Seesmic, in show #40 which also featured the inaugural Seesmic logo, aka “The Racoon”. And finally, on that video, I briefly announced that SoftTech VC was investing in Seesmic, joining a list of prestigious investors.

So thank you Loic for giving me the opportunity of being at, on and in Seesmic! And yes, from now on, you will be referred to as “Number 8”, since Seesmic is the 8th investment of the fund. Those paying attention will point out that I had announced 4 investments to date - correctly so. It is just that investments #5, #6 and #7 have not been disclosed yet. They will at the right time in the near future.

I have embedded show #40 in this post, but if you want to suffer watch the full segment we taped, you will find it here.

Conferences FYI: Graphing Social Patterns, the Business of APIs, Defrag and LeWeb3October 5 2007

I have explained and written many times over about conferences I attend, speak at or help organize. They represent a unique opportunity to catch up with a vast number of contacts or companies in our industry, and meet (and get pitched by) startups by the dozen. At the Getting Funded panel of TechCrunch40, I even mentioned that “getting mobbed at conferences was welcome” (as noted by John Paczkowski in his column :-)) and boy was I well served - it took me over an hour to leave the room after talking to about 20+ startup entrepreneurs). So I like attending conferences, and one of my favorite activity - besides being on stage - is “lobbyconing”.

The next couple of months are going to be very busy on the conference circuit. We'll obviously have the main event of the Web 2.0 industry, Web 2.0 Summit, in a couple of weeks - no need to talk about that one. I want to give a shout to 4 events that are put together by friends of mine, and look very interesting.

First, starting in a couple of days is Graphing Social Patterns : The Business & Technology of Facebook, organized by my good friend Dave Mc Cl

Announcing SoftTech VC’s $12M seed fund – the Return to the Dark SideSeptember 18 2007

After 3 years of angel investing in 20+ Consumer Internet startups (and profitably selling 5 of them), I am very excited, and humbled, to announce the launch of my very own VC fund, SoftTech VC II, L.P. Some of you may wonder what is actually the difference between what I have been doing until now – after all I am still referred to as a VC by many – and this new $12M fund.

One major difference: I have taken the step (back to the Dark Side ☺) and have raised outside capital, from a mix of fantastic institutional and private investors. Angels invest their own money, VCs invest capital they have raised from others - as well as their own since it is market practice that Fund Managers also contribute to the fund’s capital. In most cases, it is extremely difficult to raise the first fund of a new firm. Despite great individual track records, it might take a year or two of effort to assemble a syndicate of Limited Partners (this is how people investing in VC funds are referred to) willing to back a new team.

When I left my previous fund (Reuters Venture Capital), I wanted none of that: my passion was working with early stage entrepreneurs, supporting them with time, cash and connections. And since I had zero track record in the consumer internet space, thinking that I could raise outside capital in 2004 would have been a total fantasy. That’s why, like so many entrepreneurs, I decided to bootstrap my own startup – using some of the family’s sa