Prevailing Wisdom

1994 – “Consumers are fickle and unpredictable. Consumer products and services are hit driven, it’s really hard to build a scalable consumer company” (Internet) 1996 – “It’s impossible to get to build a billion dollar company selling widgets at $15 and taking $1 commission one at a time” (eBay) 1998 – “There is no room

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Software Eating Industries

A little more than one year ago, Marc Andreessen wrote a seminal piece which has defined venture investing and entrepreneurship since. The global trend for software powered innovations to permanently impacting every part of our lives and every part of our work is unstoppable and just at the beginning. Three generations into the birth of

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Riding On The Wings Of Angels, VCs Avoid The So-Called Series A Crunch

This is a guest post from my partner, erik rannala thats originally published on Techcrunch. Much has been written about the Series A crunch that is facing entrepreneurs and their investors. Those who believe the crunch is upon us contend that a significant number of seed-funded startups will not be able to raise follow-on financing.

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White Swans

A better edited version was posted by Michael Carney (thanks Michael!) @ pando daily. Go read that one instead! ************ In the past 30 days I’ve had sad and unfortunate conversations with around 5 entrepreneurs about the reality that their venture funded companies are headed toward their eventual end . . .  some are indignant,

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Learning From Lean

I love the lean startup ethos and methodology. It is by far the best thing that has happened to the startup community since the onset of the internet-fuel renaissance in entrepreneurship. These days at MuckerLab, we try to utter the basic concepts (mvp, iteration, hypothesis testing, customer development, etc) as much as possible to help

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Video and Yahoo

Sometimes, the quickest way to lose credibility is to tell people who are a lot smarter, accomplished and experienced than you are what they should be doing instead with their time. This is one of those times. But sometimes I just can’t help myself. Besides, I don’t have too much (credibility or fame or money)

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New Rules for E-Commerce

(This post is published  @ Forbes.com I am just excerpting the first couple paragraphs on the blog) It has taken a long time for the dust to settle from the battle for first generation e-commerce supremacy (Amazon.com and select smart brick and mortar guys won).  Fifteen years later, a confluence of macro trends on and

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