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It’s Morning in Venture Capital

Both Sides of the Table

In an over-funding environment companies are encouraged to eschew revenues in a land grab to acquire eyeballs, clicks, page views or whatever other vanity metrics give VCs the false comfort that they’re sitting on a gold mine. LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year.

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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Founded in November 2007 in New York City by Alexis Maybank and Kevin Ryan (co-founder of DoubleClick); CEO is Susan Lyne (ex-CEO Marta Stewart Living Omnimedia) Revenue estimates: $50mm in 2008; $170mm in 2009 (versus budget of $150mm); $450mm forecasted for 2010. Note that these are “gross” revenue numbers.

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Strategy Roundtable For Entrepreneurs: Incubators Are Reaching Out To 1M/1M

ReadWriteStart

Next, Douglas Villalobos from Costa Rica pitched GeoInvenio, a mobile application development platform. Douglas has identified about 50 software companies in Costa Rica that may be willing to develop apps on top of the GeoInvenio platform. From 2008 to 2010, Mitra was a columnist for Forbes. GeoInvenio.

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Strategy Roundtable For Entrepreneurs: New Assessment Tool For Entrepreneurs

ReadWriteStart

The SharePoint cloud eco-system is not sufficiently mature, and for Daniel to be able to realize his vision, he needs to get enough application developers active soon. From 2008 to 2010, Mitra was a columnist for Forbes. There is one problem with the strategy, though.

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After Layoffs and Profit Warnings, 888 Buys Mytopia’s assets for $18 million

VC Cafe

According to VentureBeat Games , the deal is estimated at $18 million, but could reach up to $48 million if Mytopia’s assets hits certain revenue milestones by 2011. Launched in 2008 by brother and sister Guy and Galia Ben Artzi, Mytopia offered a casual games community, where users can play against each other in real time.

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From Agency to Enterprise Software: The Evolution of Buddy Media

This is going to be BIG.

I don’t know exactly when the agency to product transfer happened at Buddy, or at what point you can start calling yourself a software company (when service revenues dip below subscription/license revs?), Our current focus is on creating sticky, super viral applications that help users get more out of Facebook and other social media.

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Strategy Roundtable For Entrepreneurs Dedicated To Steve Jobs, Reinforcing Mission To Restructure Capitalism

ReadWriteStart

Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. From 2008 to 2010, Mitra was a columnist for Forbes. Much revenue waits to be unlocked.