AWS Startups Blog

Tag: state of startups

Adam Fitzgerald interviews Greylock Partners' Josh Elman at the AWS State of Startups Event

Greylock Partners’ Josh Elman on how he picks entrepreneurs from the crowd

During a recent fireside chat at the AWS Loft in San Francisco, Greylock Partners’ Josh Elman Elman shared with the crowd of founders and entrepreneurs that he had just wrapped up a recent investment in a startup. While he declined to name the company just yet, he did stress that the dynamics of that deal applied equally to all of his investments. One aspect in particular that Elman stressed is how he and the founders built a relationship over time. Elman didn’t invest the first time he met these folks, but he kept tracking the team, and just as importantly they kept Elman in the loop.

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Josh Elman of Greylock Partners talks to AWS's Adam FitzGerald during a State of Startups Event at the AWS Loft in SF.

What Greylock Partner’s Josh Elman saw in 2017—and what’s coming next for startups in 2018

Josh Elman, a consumer specialist at venture capital firm Greylock Partners, couldn’t have been blunter about “acquihiring,” the practice of big companies paying big bucks for startups to hire teams for their expertise. “There was this funny little period time where that seemed like it was a thing,” Elman recently told a crowd of startup entrepreneurs at the AWS Loft in San Francisco. “I think that’s gone.”

That doesn’t mean big companies aren’t buying startups, Elman continued. In fact, it turns out that acquihiring didn’t translate to getting better talent than just hiring—it’s just more expensive.

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