Gambling on a different scale

I happened to be looking up an old Sloan instructor, Todd Dagres, who had been an assistant professor in my entrepreneurship curriculum, working alongside Howard Anderson. Dagres had led Battery Ventures’ investments in Akamai and Qtera back in 1999, but in 2001 was calling the tech IPO market a “nuclear winter.” Now that there are signs of life, however small, in the market, I wondered if Dagres had revised his assessment.

According to this Boston Globe article from last October, he’s revised it, all right. He’s left the business entirely—and started a film investment firm, BeGyle.

I guess film is another industry where big capital investments yield big returns—or big zeroes.