I haven’t blogged that consistently the last few weeks. It’s probably the new baby, but I’ve had a hard time formulating a complete enough thoughts for a full post. So I’ll just share a few memes that I have going through my mind.

1. I’ve been finding myself often saying to myself “I wish I had started this sooner” when I think about leaving a large, more established fund to start my own thing. I hear this sentiment often from entrepreneurs. I almost never hear the opposite. For those of you hesitating about taking the plunge into a more bold and creative path, remember that it only gets harder the longer you wait.

2. We’re in the midst of a new mini-golden age for web entrepreneurs.  Startup capital is available from many more sources these days,  late stage investors seem willing to throw lots of money into companies to help them find themselves, and the media loves talking about emerging internet companies. All good. But remember that the companies that are enjoying the fruits of our current market were the same ones that got started before entrepreneurship got cool again, and had to endure a very painful market contraction to get to the other side. There are very very few overnight successes out there – and every great company encounters a moment where the luster of newness is lost.

3. I’m reminded time and again how important it is to assemble a really great founding team. Having a density of talent at the top creates a huge amount of leverage for the CEO.  We have one portfolio company that has three co-founders, each of which I would have been excited to back on their own.  But this is increasingly rare as the talent pool is spread more broadly across more companies.  I think I’m going to be focusing more of my efforts than ever on finding founders that have demonstrated the ability to bring together a disproportionate amount of entrepreneurial talent early.