Remove 1998 Remove Developer Remove Internet Remove Open Source
article thumbnail

Social Networking (the Shorter Version) Past, Present, Future

Both Sides of the Table

The Bridge Between Online Services & The Internet. It preceded the WWW but then become the onramp to the Internet for newbies. When Time Warner & AOL merged it was widely feared that this would be a monopoly that would control the Internet. For a nanosecond Rupert Murdoch seemed like the smartest guy on the Internet.

article thumbnail

Bubble Trouble? I Don’t Think So

Ben's Blog

In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. The inflation-adjusted data from the last bubble tells the story: In the 3-year period from 1998-2000, venture capital firms raised more than $200 billion, which represented about 0.55% of the national GDP.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How To Predict The Future

Feld Thoughts

We needed improvements in video compression and in TCP/IP – the underlying protocol that essentially runs the Internet. I looked at the future predictions for “modem speed” (as I called it back then, today we’d called it internet connection speed or bandwidth). Gene Kim laughed at my prediction. Napster arrived in June, 1999.

article thumbnail

New Rules for the New Internet Bubble

Steve Blank

We’re now in the second Internet bubble. Startups built every possible feature the founding team envisioned (using “Waterfall development,”) into a monolithic “release” of the product taking months or years to build a first product release. Carpe Diem. The rules for making money are different in a bubble than in normal times.

Internet 334
article thumbnail

Gust Blog - Thoughts on startups by investors that fund them

Gust

And in January I saw that digital music overtook physical media for the first time in 2011, something I expected since 1998. I bought the Diamond Rio mp3 player in 1998. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

Startup 180
article thumbnail

Great product and good momentum are keys to unlocking investment

The Equity Kicker

Andrew Chen responded to that with a thoughtful post about how the ‘funding goalposts continue to move’ Here’s the money quote: It’s been widely noted that investing milestones have evolved quickly over time: In 1998, you’d raise $5M Series A with an idea and not much else. In 2004, you’d raise $500k with just an idea.

article thumbnail

It’s Morning in Venture Capital

Both Sides of the Table

Cloud computing and the open source movements have brought down the costs of starting a company by more than 90%. In 1998 there were around 850 VC funds and by 2000 there were 2,300. In 1998 it was 150 million, 1999 250 million and by 2000 it had crossed 350 million. The Funding Problem. Today we’re online 3.1