Gust
JUNE 19, 2012
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.
Both Sides of the Table
JULY 16, 2010
This is finally happening because the boom of 1998-01 means that many funds are reaching the maturity of their 10-year funds [strangely, 10-year funds usually last about 13 years!]. You don’t need to buy expensive software – there are free open source solutions for nearly everything. Price MUST be in a certain range.
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Steve Blank
MARCH 18, 2011
VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter. With Netscape’s IPO , there was suddenly a public market for companies with limited revenue and no profit. 1970 – 1995: The Golden Age. Thus began the 5-year dot-com bubble.
Both Sides of the Table
MAY 23, 2012
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. This never existed a decade ago.
www.ericsink.com
SEPTEMBER 22, 2011
But in a small company that is funded by its own revenues, it is almost always a mistake to hire for a position before it is absolutely clear that hiring is the right thing to do. In 1998, SourceGear was looking to hire a full-time person in technical support. This is an easy mistake to make. Version 7.0
Ben's Blog
MARCH 24, 2011
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. Much better.
www.paulgraham.com
OCTOBER 23, 2010
But this is just the kindthat tends to be open source: operating systems, programminglanguages, editors, and so on. Back in 1998 our CFOtried to talk me into it. In those days you could go public as adogfood portal, so as a company with a real product and real revenues,we might have done well. This money isnt revenue.
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