The VC Model is “broken” (again? yawn!)
In the latest lob into the morass that has become somewhat of a sport amongst journalists and those that follow the venture capital industry, Carl Schramm and Harold Bradley write in BusinessWeek about “How Venture Capital Lost Its Way”. The evidence? Venture capital funding is down – from an “astonishing” 1.1% of US GDP in 2000; and in the 3rd quarter of 2009 down 33% from the same period a year earlier. To add to Schramm and Bradley’s collective horror, “two areas crucial to American progress cry out for capital-intensive investment: clean energy technology and biotech. And the VC industry isn’t delivering it. (Info tech, which by now requires few capital investments, still accounts for the lion’s share of those shrinking VC investments)” …
November 24, 2009· 4 min read
Putting entrepreneurs first
Shout-out to Sequoia for featuring Omar Hamoui on their home page today (he’s the CEO of AdMob which was acquired by Google today for $750M). Well done! image
November 9, 2009· 1 min read
The “real” America
I’ve generally avoided political issues on this blog, but this isn’t something I can keep my mouth shut on. imageYesterday Meb Keflezighi became the first American to win the New York City Marathon in 27 years. Born in Eritrea on the east coast of Africa, Keflezighi moved to the US when he as 12 (more than 20 years ago), is an American citizen and has raced for the US Olympic team. …
November 3, 2009· 2 min read
How long should your “trial” period run?
I’ve had this running debate with a handful of friends – I’d love to throw it out there for comment. The questions at hand are 1) whether companies should offer a “free trial” period for their software/web service; 2) if they do, how long should it last; and 3) what information should you ask for before starting a trial (specifically should you ask for credit card information up front). Here are a few thoughts. I’d love to hear your opinion. …
October 30, 2009· 3 min read
Looking forward to Defrag
I’m really not a big fan of conferences. I go to a small number every year and like most people I find that for the most part, the best part of most conferences happens in the hallways and lobby where there’s a chance to connect with other attendees. The conference itself simply becomes the framework to support making those connections. Defrag, however, is a rare exception to this widely held view in the conference world – it’s a conference worth attending not only for the connections you’ll make in the hallway but also in the insight you’ll gain inside the presentation rooms. Organized as an interactive conversation, Defrag challenges attendees to become a part of the conversation through thought-provoking topics, an agenda that stresses audience involvement and through break-out sessions and other mechanisms that reinforce the participatory nature of the event. The high caliber of the conference attendees and intimate nature of the venue don’t hurt either. …
September 28, 2009· 2 min read
ESPRIT 2009
I’ve been involved with the Boulder ESPRIT Awards for the the last 8 years. ESPRIT is put on by the Boulder Chamber of Commerce to “celebrate entrepreneurship” in Boulder county. Each year ESPRIT honors a handful of entrepreneurs who embody the best attributes of the Boulder business community. This year is the 25th anniversary of the awards and the program will celebrate the last 25 years of innovation in Boulder valley and look forward to some of the people and programs that are serving as catalysts for innovation for the next 25 years. …
September 22, 2009· 2 min read
Welcoming the new Lijit Welcome Wijit
Lijit quietly released a very cool new widget for users of their service (that’s you, right?). The new Lijit Welcome Wijit greets site visitors who come to your site via a search term and gives them a relevant roadmap of your site as it relates to the search query that brought them there. It’s great for your site visitors who now have additional context for their interest in your content. It’s also great for publishers who can now create a more sticky experience for their users and expand the cross pollination of their content. From Greg Keller’s post on the Lijit blog, the Welcom Wijit is about: …
September 22, 2009· 3 min read
AT&T wants to sell you better coverage
As you know, I’m no fan of AT&T. With that in mind I couldn’t help sharing this piece of news: AT&T is now offering customers the ability to pay up and purchase a 3G Microcell to use in their homes (since no-one it seems actually gets descent service at home). The device supports both voice and data usage (presumably the latter is only marginally useful since most consumers with data devices connect to their home wifi networks in house). …
September 22, 2009· 1 min read
Your first 30 seconds
I receive a large number of “check out my new cool bright shiny web thing” emails. I’m amazed at how crappy the user experience is on many of these new tools. Sure – if I spent 20 minutes setting it up and clicking through a bunch of different layers of the application I might find out how great it is, but honestly, if the site doesn’t grab me in the first 30 to 60 seconds I typically close the browser tab and move on. …
September 17, 2009· 4 min read
Don’t Panic!
I was recently talking to someone about an issue in one of their portfolio companies (this was not a Foundry or Mobius company). The issue was pretty serious (it related to safety standards at the company that were being ignored and a resulting accident at the business) and the person relating this story was (understandably) pretty worked up and asking me what I thought they should do. My advice? image …
September 15, 2009· 2 min read