article thumbnail

Even the Smartest VCs Sometimes Get it Wrong – Bill Gurley and Regulated Markets

Steve Blank

Rent seekers are individuals or organizations with successful existing business models who use government regulation and lawsuits to keep out new entrants that might threaten their business models. The tech ecosystem got a rude awakening in May 1998 when the U.S. Bill Gurley’s point.)

article thumbnail

The future of search is being reinvented with generative AI

VC Cafe

But two years after Google came to the fore in 1998, Google became the number one search engine and “Googling” has become synonymous with web search. In the early days of the web, companies like AltaVista, Excite, WebCrawler and others competed in becoming the search engine of choice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Pioneers Have Arrows In Their Backs

Steve Blank

The irony is that in a retrospective paper ten years later (1998), [ 2 ] the authors backed off from their claims. Using this idea to differentiate themselves as the hot new Silicon Valley VCs, some of his former business school students made this phrase their rallying cry. The only problem is that it’s simply not true. Golder and G.

article thumbnail

Instead of Asking AI Companies to ‘SLOW DOWN’ We Should Encourage Them to Move Even Faster

Hunter Walker

Perhaps the most well-known example in our industry is the 1998 Digital Millennium Copyright Act (DMCA) which provided safe harbor to Internet businesses around copyright infringement performed by their end users so long as several preconditions were met (such as direct financial benefit, knowledge of infringing materials, and so on).

article thumbnail

Revenue Development

K9 Ventures

We really were doing the i-thing before Apple came out with its first iMac in 1998. In my mind, there are two main facets to Revenue Development: a) Business model iteration, and, b) Pricing iteration. Very often what a startup’s business model is going to be is unclear. The product worked.

Revenue 72
article thumbnail

New Rules for the New Internet Bubble

Steve Blank

Rather they understood that a startup is a temporary organization designed to search for a repeatable and scalable business model. Rules for building a company in 2011 are different than they were in 2008 or 1998. Startups began to recognize that they weren’t merely a smaller version of a large company. The New Exits.

Internet 334
article thumbnail

10 CEOs Who Made Huge Mistakes

Up and Running

While Microsoft introduced MSN Search in 1998, the site purely used an existing search engine, Inktomi, to gather results. As with many of these situations, it’s important to thoroughly research changes to your business model that will significantly impact your customers. What can you learn from their mistakes?