Sublime

Windsor was never fancy, fad-driven, or resigned to market performance. We followed one durable investment style whether the market was up, down, or indifferent. These were its principal elements:• Low price-earnings (p/e) ratio.• Fundamental growth in excess of 7 percent.• Yield protection (and enhancement, in most cases).• Superior relationship o

If anyone knows about having a lot on the line, it’s Jordan Walters of the Silicon Valley branch of the investment house Smith Barney. Jordan is exactly the kind of person you’d look for in a financial planner: he’s calm, he’s thoughtful, and he always takes the time to listen. As we sat down in his office and sipped from the minibar-sized can of a

There are some investors who feel it’s the market that makes the startup. They will look at the size of the insurance, food, or transportation industries and say, “Technology is going to massively impact these industries—let’s find startups who are innovating in this market.”

Venture capital has an unintuitive math behind it, and the power laws of startup outcomes dictate why VCs prefer risky startups with massive potential to lower-risk startups with less perceived upside. The fund size of the VC firm you are raising money from dictates the minimum exit…

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With the cost of founding a startup continuing to drop and the number of startups continuing to expand, there are a host of other seed funds that have followed in First Round Capital's footsteps, putting to work small amounts of money at the earliest stages of a company's life—precisely the stage at which angels typically invest. Because these fund