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Larry Cheng
Larry Cheng 
Larry Cheng focuses on investment opportunities in Internet applications, information services and software. He prefers capital efficient businesses with $2M- $20M in subscript...

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Posted: Sunday 22 November 2009 - Views (49) - Category: External - View Comments
There used to be a single playbook in the NFL built around a simple philosophy - running and defense wins championships.  The entire operating approach of teams was centered on this singular belief.  The prototypical example of this was the 1986 Chicago Bears - think Buddy Ryan-coached defense with Mike Singletary and William "The Refrigerator" [...]
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A Simulation Game: Cutting Your Losses

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Posted: Monday 16 November 2009 - Views (42) - Category: External - View Comments
One of my partners led an impromptu game in our team meeting today which illustrates the emotional tension of cutting your losses.  For any investor or operator who takes risk with capital, the concept of cutting your losses comes into play at some point. The simulated game started had these ground rules: Everyone would have the chance [...]
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Posted: Friday 13 November 2009 - Views (39) - Category: External - View Comments
I was reminded today of the commonly held belief that since the advent of mass media - good looks is a critical advantage in winning the Presidency of the United States.  So out of sheer curiosity (a common refrain in this blog), I pulled together the images of all 42 Presidents courtesy of the White [...]
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The Law of Large Numbers

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Posted: Monday 9 November 2009 - Views (35) - Category: External - View Comments
There have been a number of great venture-backed acquisitions recently, and WSJ.com does a great job outlining the Top 10 acquisitions that have closed this year.  Here they are: Zappos ($847M) CoreValve ($700M) Pure Digital ($590M) Visiogen ($400M) SpringSource ($362M) BBN Technologies ($350M) Evalve ($320M) Ablation Frontiers ($225M) Mint Software ($170M) PayCycle ($170M) Let me revise the list to add in a few more things.  The list below includes deals that [...]
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