Happy Holidays...

It was sometime in August when I first saw the Where The Hell Is Matt video. It had just gone viral, and unlike most other "viral videos", I thought Matt's video was moving, fun and uplifting -- it was a great way to showcase the differences and similarities between 40+ different countries.

Then I had the idea. What if we filmed a similar video with our 40+ portfolio companies. And thus began the quest to film our holiday video. My partners and I kept our Flip cameras in our briefcases, and starting in August, whenever we went to visit our portfolio companies we invoked the "dancing" clause in the term sheet. As you can see, we all had a blast.

And then the market crashed. My partners and I discussed scrapping our little holiday project. But the more we talked about it, the more we were convinced that we should continue. While our companies were all facing up to the new realities -- and in some cases, making some tough choices -- it didn't mean that they couldn't take 15 seconds to have some fun. In times of adversity, maintaining perspective and an espirit-de-corps is even more important than ever.

I look forward to "keeping on my toes" this year with all of you. Best wishes for a happy and healthy holiday season -- and let's hope we all have something to dance about next year...