No Red Lights: Reflections on Life, 50 Years in Venture Capital, and Never Driving Alone
by: Alan J. Patricof (2022)
A look back at entrepreneurial growth and venture capital in the last half century by one of the leading figures in the industry.
Extensive media and online coverage of the business arena, news of start-ups, mergers, and deals are familiar headlines these days. But that wasnât always the case. The early years of venture capital were a far cry from todayâs very public dealings. Alan Patricof, one of the pioneers of the venture arena, offers a behind-the-scenes look at the past fifty years of the industry. From buying stock in Apple when its market valuation was only $60 million to founding New York Magazine to investing in AOL, Audible, and more recently, Axios, his discerning approach to finding companies is almost peerless.
All of Patricofâs investmentsâfrom Xerox to Venmoâshare certain qualities. Each company had sound product with wide appeal, the economics were solid, and the management team was talented and committed to seeing their visions come to fruition.
Extensive media and online coverage of the business arena, news of start-ups, mergers, and deals are familiar headlines these days. But that wasnât always the case. The early years of venture capital were a far cry from todayâs very public dealings. Alan Patricof, one of the pioneers of the venture arena, offers a behind-the-scenes look at the past fifty years of the industry. From buying stock in Apple when its market valuation was only $60 million to founding New York Magazine to investing in AOL, Audible, and more recently, Axios, his discerning approach to finding companies is almost peerless.
All of Patricofâs investmentsâfrom Xerox to Venmoâshare certain qualities. Each company had sound product with wide appeal, the economics were solid, and the management team was talented and committed to seeing their visions come to fruition.