Tagcrumbs Startup Insights

Aug 13 2009
Services are not offered for free at all. There is an exchange of value between users, the creators of the raw material - data, content, and meta-data, and the network where that data is converted into insight. This exchange is still governed by the basic laws of economics but the currency is not dollars, it’s attention.

Brad Burnham, Union Square Ventures

Chris and Malcolm are both wrong

(via fred-wilson) (via davemorin)

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That is my advice for entrepreneurs in these times: If you take an entrepreneurial risk, make sure you go after something big. Extend your imagination. Think flying and self-navigating cars, holo-decks, brain enhancers, salt-water purifiers, fusion energy, and space travel.
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We overestimate what we can do in a day, and underestimate what we can do in a year.
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Aug 02 2009
For me, the essence of getting people to work together is to have an aesthetic vision that you can get them to sign up for. Where you build a shared vision of the truth that you’re building, where you’ve expressed an ideal. Because then you set people free to pursue that ideal on their own.
Jul 21 2009
What’s new is nothing new. Microsoft continues to do what they always do which is to keep the price of Windows high and copy other people’s software and just add it to Windows. That is the absolute opposite of innovation. — Larry Ellison
Jul 20 2009
Too many entrepreneurs stop after they build the product. They think that building products is what makes them an entrepreneur. But entrepreneurship is about building businesses, and the product is just one part of that.
Jul 19 2009
The middle of the market is a paradox because of the inherent contradiction between the ease of reaching the nerds and the geeks and the need to reach the middle. The solution, if there is one, is to enter a market to the enthusiastic cheers of those in search of the new, but to build a product/service that appeals to those in the middle. After the initial wave of enthusiasm, you hunker down and ignore those that first embraced you, obsessing instead on the needs and networks of the middle. It’s a difficult balancing act, but it’s the only one that works.
Jul 17 2009
Contrary to conventional wisdom, undercapitalization is not a death sentence. We found that moderate levels of undercapitalization—even capitalization ratios as low as 20% of the venture’s initial goals—are not statistically related to a venture’s probability of surviving. What appears likely to matter more for these ventures is the creative transformation and use of resources at hand and a disciplined approach to cash management,” says Townsend.
Jul 16 2009
These days, making money in the mobile ecosystem requires a great product, a sound monetization strategy that addresses the short and long term, a smart user acquisition strategy and a strong team to make the ‘magic’ happen.
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