Market VC’s accelerate investments in “internet of things” except sometime in Q4, wake up and realize it’s no different than “consumer electronics” – and that we still need to innovate around the manufacturing infrastructure, distribution economics, and consumer liability  of the consumer goods business to really make this a venture fundable category. VC’s start investing […]

Making fun of myself and the bullshit I spew on a daily basis . . . It’s almost been two years since I co-founded LA-based accelerator MuckerLab and since then, I’ve gotten pretty good at lying. Not the “pants on fire” kinds of lies, but more like “Pretty Little Liars” ones. These are the types

-The main competitor used to have the word “telegraph” in its name -The incumbents in the industry were funded in 1910, 1934, and 1976 -The industry is an oligopoly -Customer satisfaction is low but have no other alternatives -Competitor’s partners have message boards dedicated to bitching about their monopolistic practices -Green screens are the state-of-art

  We’ve all seen or even put together a presentation that included some version of the following slide:   (FYI, I found these slides on slideshare, I’m not commenting at all on the quality of the overall pitch or the company itself . . .  I’m just using them as an example) Evidently, entrepreneurs love

Creating a liquid and vibrant marketplace is already hard enough; fine tuning a business model, and eventually getting paid for the value that has been created by the marketplace is just as complicated and perilous. There has been a lot of talk on the “take rate” a marketplace business can eventually sustain and justify. In

Erik happened to be on vaca so they ended up having to interview the looser canon on the team. I hope I didn’t say anything stupid 🙂 More on Inside MuckerLab on TechCrunch.

At some point in the life cycle of any successful company, it will have to abandon what made it successful in the first place. In the search for growth, the original customer, the initial wedge entry point, the early adopter will, by definition, will have to be left behind for the larger and more mainstream

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

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

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.