Jim Andelman: Rincon Ventures

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.