Pattern Recognition, by Ian Sigalow
user

Pattern Recognition, by Ian Sigalow

Pattern Recognition is a journal of thoughts and strategies on venture capital investments.


Navigation
Featured

The Year of the Undercorn

Posted on December 30th, 2014.

“When a venture-backed company breaks through the $1BN valuation mark, we call it a Unicorn. When the same company falls back below the $1BN threshold, it becomes an Undercorn.” -Dan Primack In 1974 Wilshire Associates launched an index with the aim of tracking every public company headquartered in the US. They called it the Wilshire […]

Featured

The Shenzhen Experience

Posted on October 25th, 2014.

I just arrived in Shenzhen for my first trip to China in a decade.  It is Saturday night and the streets outside my hotel are crowded with revelers wearing party hats and waving balloons.  I am not exactly sure what everyone is celebrating, but it has snarled traffic for miles. Shenzhen is an unbelievable place. […]

Featured

Where Are We Going?

Posted on September 10th, 2014.

In 1999, the Wachowski Brothers released The Matrix, set in a dystopian future where software governs the world and humans are bred into captivity.  I recently watched the movie again, fifteen years later, and a new thought came to mind.  In the movie, humans ended up in a predicament after losing a war to the […]

Featured

Food in America

Posted on August 25th, 2014.

Did you know that 50 years ago there were no Thai or Japanese restaurants in the United States? When I first heard that factoid I didn’t believe it. From my apartment on the Upper East Side, I have delivery options from 6 Thai restaurants and 18 sushi restaurants, each within a short walk. But that […]

Featured

Dark Pools Come To Madison Avenue

Posted on July 15th, 2014.

This piece was originally published on Business Insider. Dark pools on Wall Street were once heralded as a way for clients to get better deals on stock trades, but now they are associated with fraud and market manipulation. In the latest dark pool scandal, Barclay’s was accused by the New York Attorney General of misleading […]

Featured

A Model For The Long Run

Posted on May 27th, 2014.

Back in 2006, when my partners and I set up Greycroft, every VC we knew insisted on 20% ownership, board seats, and being a “lead investor”.  We built Greycroft on the premise that there was a better way to do venture capital that didn’t require arbitrary rules for entrepreneurs. Venture capital is a long term […]

Featured

What is native advertising?

Posted on May 14th, 2014.

In the past year we have looked at over 100 companies claiming to do native advertising.  If you haven’t heard of native advertising you will soon, because it is the hottest trend in online advertising right now. I figured it would help to clarify what native advertising actually means.  I wouldn’t normally do this, but […]

Featured

High Frequency Media Buying

Posted on April 30th, 2014.

Archaeologists debate when the first stock exchange was formed – most say it was around 400 BC in ancient Rome. By that account the hand-to-hand trading of securities existed for over two millennia before the US Congress and SEC authorized the first electronic exchange in 1998.  Within a few years the physical stock exchange was replaced […]

Featured

Rockets, Data, and DMPs

Posted on February 23rd, 2014.

I am amazed at the recent ascent of RocketFuel, which has grown faster than any ad network I have ever seen. Budgets in the display media business are guarded by large agency holding companies, and agencies typically discourage clients from scaling this fast with a specific vendor. It looks like Rocketfuel has found a way […]

Featured

A New State Of The Union

Posted on January 31st, 2014.

Welcome to my first political-themed blog post (with a mix of social science): Every election cycle, research firms contact voters and ask questions like “How important is reforming Medicare and Social Security?” or “How important is reducing greenhouse gas emissions by 80% over the next 20 years?” I get these forms in the mail too, […]