Jim Andelman of Rincon Ventures is featured in This Week in Venture Capital. He is very articulate in speaking about the ‘new model’ for venture investing in this decade: internet-oriented, low start up costs due to the ability to rent capacity,tools available in the public domain as well as the emergence ‘super angel’ investor. Being Santa Barbara-based Jim is very upbeat on investing in Southern California, claiming that the ratio of Southern Californian-based venture capital funds is one-fourth of the amount invested in the region. As opposed to the one-to-one ratio in New England and Silicon Valley.
It is humorous to hear Jim, a venture capitalist, use ‘investment banking speak’ terms. In particular, Mark Suster ribbed Jim for using the term ‘accretive’ over and over again.