By David Blumberg
On behalf of the Blumberg Capital team, I’d like to welcome you to our new website and blog.
Here at Blumberg Capital we take pride in our ability to forge and sustain great partnerships with visionary entrepreneurs. Being a strong partner means more than providing capital. It’s doing everything we can to support our portfolio companies, much like a NASCAR pit crew provides support and advice so their driver can remain focused on the race. We understand it takes passion and teamwork to build and grow a company and drive it to the top. This sets our style: open, collaborative and supportive; and this blog is another channel for us to share with and support our partners.
I believe it is everybody’s job to make the world a better place than they found it. The intersection between business and technology provides the greatest opportunity to solve problems and help people. These beliefs led me to become an investor in the early 90s and start Blumberg Capital in 2001. Since then, we have multiple funds under management and our team has grown in numbers, expertise and geography but our core values have remained the same.
We are actively engaged in tech’s key global hot spots, seeking out the best talent and technology sectors including cyber security, fintech, adtech, SaaS, social networking and ecommerce. We invest in early stage companies that are frequently pre-revenue, often pre-product and sometimes pre-team. Getting in on the ground floor enables us to help shape new technologies, shepherd them to market and deliver the greatest possible impact.
Over the next months and beyond, you’ll find me, our team and guest bloggers commenting on trends, offering insights and providing advice to help entrepreneurs do better for themselves and the world around them. This post is just the beginning of a constructive dialogue, and we look forward to your feedback that will enrich, inform and entertain us all.
As we move further into 2016, naysayers are sounding alarms. China is stumbling, oil is cratering and the conventional perception suggests we are poised for a recession. Startups across the globe are scrambling to raise capital to weather potential downturn. Our team has experienced its share of business cycles and I remain optimistic about our industry. Yes, the world economy could slow, but this is still a great time to be a tech entrepreneur. We are fortunate to stand on the shoulders of giants who have laid the foundation that enables us to move boldly ahead. From smart phones and exciting new mobile services to the vast possibilities of cloud computing and new technologies that solve real problems, help billions of people and transform the world. There will always be a market for innovation: to be better, faster and cheaper.
So here at Blumberg Capital, we remain focused as our industry continues to realize its full potential. Others may see clouds on the horizon, but our sight is set on finding the next amazing technology and the entrepreneurs driving innovation. We look forward to another exciting year and will have more to share, right here.
David J. Blumberg is the founder and managing partner of Blumberg Capital. Follow him on Twitter at @davidblumberg