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January 29, 2008

Quick Notice about the NYT Situation

Just a quick notice here to set the context for something that has been getting a little press. Because of my longstanding interest in, and experience with, internet and new media companies, I was approached by a group of stockholders of the New York Times Company to see if I would agree to become a nominee, on their behalf, for the Board of Directors of the NYT - and I've agreed. Here's a link to an explanatory letter that we filed with the SEC that gives an overview of our position.  In this brave new world of "new media", it's not clear how the existing regulations on communications in this type of situation apply, so I'll play it conservatively in terms of posts during the process.

I also want to mention that this is something that I'm doing in my individual capacity, not as a Managing Director of Mayfield Fund. Mayfield Fund is not affiliated in any way with our effort.

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Comments

Congratulations!

I am sure you will do great things at the NYT.

The Insta Book,Such a good Information on your site. thanks .

Congratulations. Always great to see a VC offer transparency!

I'm not sure if you really want to keep all of the contents on that letter online for display.

Other than that, congratulations.

Hi, I landed on your page after seeing your personal investment in Lookery. Congrats!

However, I have a question regarding this particular NYT post. Here it goes:

I'm trying to understand what exactly is the correlation between you looking to join the NYT Board and Mayfield? Maybe I'm wrong, but, if you have zero interest than why would you do it? Afterall, you're a VC and should be looking for your next deal,right? Or am I mistaken? Or is Firebrand a LP in a Mayfield fund. Or is it the prestige of joining a great American institution such as the NYT.
Sorry, if I'm missing the obvious reason.

Again, congrats on the investment

Thanks very much for writing your series of Ten Commandments for Entrepreneurs. I have organized them in a list for readers of Inside VT KnowedgeWorks here:
http://annegilesclelland.typepad.com/insidevtkw/2008/03/ten-commandment.html

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