Fund: Palomar Ventures
Posted by BTiddle on 2010-03-04
I just pitched, and was turned down by Palomar through Kevin Jacques. I found the process quick, efficient and got a very fast not at this time because our A-round efforts and pre-product state don't fit the lifecycle of the fund. Plus, we are a digital media play, not their current investment of first-choice, as I understand it.
We dealt with Kevin Jacques. I've known Kevin since his early days at Sevin Rosen, and he had an excellent track record at the Dallas firm with successful exits at a time when things were dry for the Texas boys. Kevin is a stand-up, straight-shooter who tells things like it is in a measured, thoughtful and insightful way. But Kevin goes the extra mile to pay it forward when he really doesn't have to. He offered some excellent feedback on the play, and went even futher: Taking the time to think through other investors who might have an interest, and who might be a strategic fit. And he's going even further: Offering to make some introductions. You might not like to hear that your baby isn't pretty enough for Palomar, but grow up. Kevin is one class act. He understands venture capital, startups, what it takes to succeed, and is willing to help. I'll remember Kevin tomorrow, and ten years from now. And I'm confident he'll have an even stronger track record, and deeper, and more meaningful Rolodex. Palomar is lucky to have this asset on its team. But we'd love to have him back in Texas.