Alan Patricof is the founder and managing director of Greycroft LLC. A longtime innovator and advocate for venture capital, Alan entered the industry in its formative days with the creation of Patricof & Co. Ventures Inc., a predecessor to Apax Partners – today, one of the world's leading private equity firms with $35 billion under management. He stepped back from the daily administration and operational aspects of Apax Partners, LP in 2001 to concentrate on a group of small venture deals on its behalf.
Over the course of his 40 year career in private equity, Alan has been instrumental in growing the venture capital field from a base of high net-worth individuals to its position today with broad institutional backing, as well as playing a key role in the essential legislative initiatives that have guided its evolution. He has helped build and foster the growth of numerous major global companies, including, among others, America Online, Office Depot, Cadence Systems, Cellular Communications, Inc., Apple Computer, FORE Systems, NTL, and Audible. He was also a founder and chairman of the board of New York magazine, which later acquired the Village Voice and New West magazine.
Alan is active in the New York community as a board member of both the New York Small Business Venture Fund and New Jobs for New York Association, and he currently serves on the Board of Trustees of Columbia University Graduate School of Business. His philanthropic activities also include service on the boards of TechnoServe, Trickle Up Program, National Foundation for Teaching Entrepreneurship (NFTE), and the Global Advisory Board of Endeavor, Inc. He is also a board member of the Millennium Challenge Corporation.
" The Startup Illusion http://t.co/1VHjptgOGw via @techcrunch- wise words by Noah which should be heeded by all those thinking of dropping out "