Beer and . . .

I'm in Munich and this is a land of beer and football for sure. Of course it is also the Octoberfest which lasts sixteen days and draws many tens of thousands to Munich who drink many tens of millions of gallons of beer. The rest of the year these Germans are recovering. Or talking about it. As far as I can tell anyway. Before Munich I was in Dublin for the day which, being Dublin, was cold and grey and of course raining. Despite this, I managed to go jogging between meetings on Marrion Square and the smell of coal burning adds to the distinct cheer of the place. I'm with a number of private investors and pension funds who may be interested in buying Industry Ventures (I am a Venture Partner and helping them raise Fund V). It's a fickle business and today's stock market fall across Asia and Europe muscles its way to the top of any conversation - get out the popcorn, one Limited Partner tells me (we're relieved to see the US exchanges have only a minor declines when they open earlier today). Talking to the kids on the phone, Madeleine asks for a goldfish and Eitan a Nintendo DX. I tell them: no way.