Both Sides of the Table
MAY 19, 2013
'My internal compass has always steered me strongly toward the belief that founders who can scale with their startup companies are better to back that founders who eventually need to hire a CEO. I have talked about this publicly a great deal – how I prefer “missionaries” over “mercenaries.” But lately I’m more swayed by the wise words of Reid Hoffman.
Tomasz Tunguz
MAY 21, 2013
Reading through the tech press since the Facebook IPO, you might get the impression venture capitalists are still reeling from that apocalyptic offering, believe no further successes can be had in the consumer web, and so are fleeing the consumer web in droves to pursue enterprise investments. That’s because in the past year or so most major tech publications have swung from focusing on consumer products to enterprise companies.
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abovethecrowd.com
MAY 20, 2013
'Today, Seamless and Grubhub announced the signing of a definitive agreement to merge two of the nation’s premier services for ordering takeout online. As Benchmark is a large institutional investor in Grubhub, we were actively involved in the merger process, and we are quite excited about the potential of the two companies coming together. There are many synergies – different geographic strengths, different core customer bases, and different product strengths.
Berkonomics
MAY 23, 2013
'Here is a simple economic truth. Fixed overhead continues to eat into your cash month after month. It doesn’t differentiate facile, efficient businesses from slow, disorganized, quality-challenged ones. If it takes eighteen months to get a new product out the door and into the market, and if a product’s gross margin is ten dollars but the corporate overhead is a million a month, it will take the sale of 67,000 more units to break even than if it were to take only six months to market.
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Both Sides of the Table
MAY 19, 2013
'On Tuesday Los Angeles will elect a new mayor. And while Eric Garcetti is leading in the polls by 7%, according to recent articles a victory is not certain. LA needs Garcetti. He would be the first tech mayor of our city. He understands our issues as a community and vows to help keep LA Tech on the map. From his opponent I have heard crickets in the past year.
Startup Catalyst Brief brings together the best content for the entrepreneurial ecosystem from the widest variety of industry thought leaders.
Derek Sivers
MAY 19, 2013
Everyone thinks you have to move to the big music cities. But Mihkel Raud in Estonia sold thousands of albums, 100% independent, without leaving Estonia. “ Rondellus Sabbatum ” was an album so unique that word-of-mouth sold thousands, with hardly any promotion. Everyone says you need to make your music appeal to the masses. But Regina Spektor proved that emphasizing your quirks gets you further.
This is going to be BIG.
MAY 20, 2013
'You can do the math on Tumblr''s pageviews, throw in some expected CPM, weighted average cost of capital, and try to justify the billion dollars that Yahoo! is spending on Tumblr. I think you''d be kidding yourself if that''s what this was all about. The Tumblr community isn''t going anywhere, but that''s not the asset Yahoo! bought. It will be run on it''s own and probably not touched too much.
Tomasz Tunguz
MAY 23, 2013
About a year ago, Peter Thiel spoke at a PandoDaily event where he extolled the last mover advantage : “First mover isn’t what’s important — it’s the last mover. Like Microsoft was the last operating system, and Google was the last search engine.”. I hear this refrain more and more in pitches. The thinking goes the last entrant to the market benefit from mistakes made by earlier entrants.
Tomasz Tunguz
MAY 22, 2013
At today’s Under the Radar Consumerization of IT (CoIT) , the predominant theme will be antagonism. Friction, dislike, resentment within organizations marks opportunity for consumerization of IT startups. Taking advantage of this sentiment, Expensify employs a very deliberate marketing tactic: “Expense reports that don’t suck.” Talk to anyone who uses antiquated expense report systems and they are bound to sigh and complain, frustrated by the experience but resigned to the fact they can’t do muc
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