Autonomy Founder Invokes a Tech Fund
September 19, 2013
Navigate to “Autonomy Founder Slams HP Concerns, Launches Fund.” The article reports that the well-connected Mike Lynch, founder of Autonomy and European tech superstar, has rounded up $1 billion. The new Invoke Capital will invest in promising technology companies. The idea, according to the write up, is:
take them through to create more giants.
I like giants, particularly healthy giants. Mr. Lynch is robust and, fingers crossed, not immersed in projects designed to create cyborgs and engineer life extension. Well, at least not yet.
In the write up, were three interesting points unrelated to Mr. Lynch’s Invoke. I noted:
- Rounding up $1 billion makes it clear that the HP allegations have had little impact on Mr. Lynch.
- HP has created a situation which Mr. Lynch sees as a “great shame.” I agree. HP has difficulty getting me printer ink which works in my Photosmart 7960. I reasoned, “Why would HP handle complex software differently?”
- Invoke wants to focus on European technology companies. My thought is that Mr. Lynch perceives the US Silicon Valley scene as one which can be tapped if necessary. But innovation is shifting its geographical constraints. Does anyone working on Sand Hill Road know where the European innovations center are? (The answer is neither Paris nor London.)
One bit of good news, however. The “real” Autonomy bashers who enjoyed lashing out at Mr. Lynch and his successful Autonomy venture can now track Invoke. For failed Webmasters and frustrated content management specialists, Invoke is likely to provide plenty of opportunities to criticize Mike Lynch. The bad news is that frustration directed as someone as successful as Mr. Lynch reflects more on the “real” character of the “experts” who find fault with Mr. Lynch, his innovations, and his management methods.
From my point of view, Mr. Lynch has several billion reasons to his backing some companies with interesting, useful products and services.
Stephen E Arnold, September 19, 2013
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