Archive - July 29, 2015

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A Post on Post-its, Cheap Art, Lasers and History
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A Note on Notes: Hidden Costs of Convertible Notes

A Post on Post-its, Cheap Art, Lasers and History

I am not much of a student of history. I do, however, believe it’s important to honor the previous generations for the contributions and sacrifices that give rise to the current generation. I’ve always liked Newton’s quote: “If I have seen further it is by standing on the shoulders of giants.”

The history of Origin Ventures is rooted in the success of the Quill office products company. It was started by two brothers who built it for 47 years before it was acquired by Staples. The success of Quill made Origin Ventures possible.

When we moved into our new Origin offices in January, we had a lot of wall space to fill. In addition to not being a student of history, I am also not a student of art (perhaps there is a correlation). Lacking instincts in selecting art, combined with the high cost of art, is not a good combination. As a result, I thought there might be a way to make our own art that was cheap. Furthermore, I felt it would be meaningful to use art in a way to tie Quill to Origin somehow.

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A Note on Notes: Hidden Costs of Convertible Notes

It’s been really exciting to watch the explosion of startup activity the last three years. This expansion has been characterized by technology infrastructure shifting from fixed cost to variable, proliferation of seed funds and accelerator programs, exit markets opening and other factors.

A byproduct of this increase in seed investment activity is the wide use of convertible notes. I am all for structural innovation, but I believe that the use of convertible notes has drifted away from the original purpose, and this shift is a bad thing for founder and investor alike.

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Copyright © 2014 Jason Heltzer