INC. | Uber has been living a public relations nightmare in recent weeks, including accusations of inappropriate handling of user data, widespread sexual harassment, and stealing intellectual property from a Google spin-off. The good news coming out of all this bad news: Several important lessons can be learned from Uber's plight. Take it from Bullpen Capital Partner Paul Martino who says decades of watching CEOs run companies gives him a unique perspective on Uber's publicity problems.
FORTUNE | The Entrepreneur Insiders network is an online community where the most thoughtful and influential people in America’s startup scene contribute answers to timely questions about entrepreneurship and careers. Today’s answer to the question, "When’s the best time to look for investors?" is written by Paul Martino, general partner at Bullpen Capital.
THE BUSINESS JOURNALS | An increased number of small venture-backed businesses got caught in the type of bind last year that is exactly what Paul Martino said he co-founded Menlo Park-based Bullpen Capital to ease. They couldn’t raise a Series A funding round despite revenue numbers that would have easily attracted investors a few years ago. In the following TechFlash Q&A, Martino discusses the situation and how Bullpen helps some founders who get caught in a widening Series A gap.
Cincinnati startup catalyst Cintrifuse invested in a Silicon Valley venture fund that has stakes in big-name companies. Cintrifuse's Early Stage Capital Fund, also known as the Syndicate Fund, invested in Menlo Park, Calif.-based Bullpen Capital. The nature of Cintrifuse's investment in Bullpen was not disclosed.
Hundreds of investors reviewed pitches from Airbnb, Instacart, and Uber when these companies were nascent startups and chose, ignominiously, to pass. But even great investors can miss big opportunities. It’s part of the profession. Investors can misread the market, misjudge the founders or simply believe an opportunity is overpriced...