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Eric Paley

Managing partner at Founder Collective, Entrepreneur & Seed Investor

Managing partner at Founder Collective, Entrepreneur & Seed Investor

Travels From Travels From:
Cambridge, MA, USA
Speaking Fee Speaking Fee:

Eric Paley Biography

"Entrepreneurs need to have this unique ability to have their eyes to the sky, but their feet planted firmly on the ground," says Eric Paley. "Meaning you have to be the one that inspires everyone else with the vision of what is possible for your business, but also be your harshest critic in making the vision a reality. The entrepreneurs who cannot straddle these two perspectives well either lose credibility or fail to inspire."

A consultant out of college, Paley soon felt stifled by the incremental nature of the work and founded his first company, a Web development and marketing firm called Abstract Edge. "We worked with a good number of startups during the boom, which helped me to hone a view of what works well and what doesn't," he says. "When the bust came, we had to be incredibly scrappy to survive the fallout. It was painful at times, but I learned a ton about building lean businesses, because we were undercapitalized and sweating to make payroll."

While in business school in 2003, Paley got involved with Micah Rosenbloom, a classmate at Harvard, along with a research scientist and a tenured Professor at MIT on a project that ultimately turned into Brontes Technologies.

After an exhaustive search for the right market to focus an innovative technology for capturing digital three-dimensional images, Paley co-founded Brontes Technologies to market that innovative technology to...dentists. Paley, it should be said, is not a dentist. "I don't have any background in dentistry," he says. "Or hardware. Or medical devices. Or computer vision. Or optics. Or rapid manufacturing. Or so many parts of the technological components of what made Brontes possible." And yet, things worked out: Brontes was sold to 3M in 2006 for an 8X return after a bidding war broke out between the five largest companies in the industry. "Great technology companies bring together interdisciplinary teams," Paley argues. "No one person on the team can be an expert across the needed disciplines. Where such a team comes up against a real meaningful market challenge, they are in a great position to create something proprietary and valuable."

Paley credits strong product management as a key to Brontes' success. "There are infinite choices on how to spend scarce resources. Your job is to focus those resources to build the best thing you can possibly build. Great product management extracts from the customers what it is they want, and figures out how to turn that into engineering requirements that efficiently utilize those very scarce resources. " Paley had some early advice that informed this view: "Someone once told me that 90% of ventures fail because they build things people don't want. In the early stage, nearly all of the leverage and value is created around product management. Did the company use their limited time to build something customers really want?"

Paley launched Founder Collective because he believes that most venture funds are out of alignment with entrepreneurs at the seed stage. He says, "I believe that our goals are far more closely aligned with the entrepreneur as we are investing for the early stage, not to own an option on future investment rounds. We sit on the same side of the table going forward and manage success and dilution together."

Eric Paley Videos

  • Eric Paley on What's Cool About Being an Investor on Vimeo
  • Eric Paley, venture capitalist, managing partner at the Founder ...
  • Eric Paley talks about Founder's Collective (Part 1/2) - YouTube

FAQs on booking Eric Paley

  • How do I book Eric Paley to speak at my event?

    Our experienced booking agents have successfully helped clients around the world secure speakers like Eric Paley for speaking engagements, personal appearances, product endorsements, or corporate entertainment since 2002. Click the Check Availability button above and complete the form on this page to check availability for Eric Paley, or call our office at 1.800.698.2536 to discuss your upcoming event. One of our experienced agents will be happy to help you get speaking fee information and check availability for Eric Paley or any other speaker of your choice.
  • What are the speaker fees for Eric Paley

    Speaking fees for Eric Paley, or any other speakers and celebrities, are determined based on a number of factors and may change without notice. The estimated fees to book Eric Paley are for live events and for virtual events. For the most current speaking fee to hire Eric Paley, click the Check Availability button above and complete the form on this page, or call our office at 1.800.698.2536 to speak directly with an experienced booking agent.
  • What topics does Eric Paley speak about?

    Eric Paley is a keynote speaker and industry expert whose speaking topics include Business, Business Growth, Entrepreneurism, Finance, Futurism, Innovation, Science and Technology, Technology, Venture Capital.
  • Where does Eric Paley travel from?

    Eric Paley generally travels from Cambridge, MA, USA, but can be booked for private corporate events, personal appearances, keynote speeches, or other performances. For more details, please contact an AAE Booking agent.
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    AAE Speakers Bureau has successfully booked keynote speakers like Eric Paley for clients worldwide since 2002. As a full-service speaker booking agency, we have access to virtually any speaker or celebrity in the world. Our agents are happy and able to submit an offer to the speaker or celebrity of your choice, letting you benefit from our reputation and long-standing relationships in the industry. Please click the Check Availability button above and complete the form on this page including the details of your event, or call our office at 1.800.698.2536, and one of our agents will assist you to book Eric Paley for your next private or corporate function.
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Eric Paley is a keynote speaker and industry expert who speaks on a wide range of topics . The estimated speaking fee range to book Eric Paley for your event is available upon request. Eric Paley generally travels from Cambridge, MA, USA and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Similar motivational celebrity speakers are Jeff Crowe, Jonathan Silverstein, Lee Fixel, Asheem Chandna and Salil Deshpande. Contact All American Speakers for ratings, reviews, videos and information on scheduling Eric Paley for an upcoming live or virtual event.

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