Feld Thoughts

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A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

In January, Jerry Neumann wrote a long and detailed analysis of his view of the VC industry in the 1980’s titled Heat Death: Venture Capital in the 1980’s. “By January 1984, investors had turned away from hardware toward software.” By 1994 the big software wins of the 1980’s were already funded or public.”

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Why The SBIC Doesn’t Work For Venture Capital Anymore

Feld Thoughts

The SBIC was instrumental in the creation of the venture capital business. If you want to see a fun quote on it, read A History of Silicon Valley which quotes: “ …many venture capital pioneers think the SBIC program did little to advance the art and practice of venture investing.

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The Long Lost Myth of Capital Efficiency

Feld Thoughts

All the articles about how capital efficient businesses were a result of AWS, better software development tools, easier starting points, better scaling technologies, and lots of other things. Do you remember when it was “all software, all the time?” The Most Capital Efficient U.S. Oh how things change.

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Jason Returns to the 313 for Startup Grind Detroit on April 5th

Feld Thoughts

In case you don’t know about Jason, prior to co-founding Foundry Group, Jason was a co-founder of SRS Acquiom and a Managing Director and General Counsel for Mobius Venture Capital. Early in his career, Jason was a software engineer at Accenture. Prior to this, Jason was an attorney with Cooley. in Economics and a J.D.

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Phenomenal Essay On Why Software Patents Are The Problem

Feld Thoughts

If there is one thing you read today, go read Brad Burnham at Union Square Ventures excellent essay titled Software patents are the problem not the answer. Several years ago my partner Jason Mendelson agreed and since then he’s become outspoken about his desire for the end of software patents.

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Sawyer on Why Bilski Really Means That Software Companies Should Leave the US

Feld Thoughts

Seeing the reaction to Bilski, what has struck me is how surprised and disappointed some people are with the weak will of the Supreme Court to act to limit the damage that software patents are causing, and will keep causing, to innovation in the U.S. Software innovation continues, by the way, in spite of the patent system, not because of it.

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Thanks Elon Musk For Being A Real Leader On Patent Reform

Feld Thoughts

I’ve been asserting for a number of years that while software patents are completely f *d up, the general patent system stifles innovation. More and more research is appearing on software patent issues and patent trolls in general, including this recent piece by Catherine Tucker, an MIT Sloan professor of Marketing, titled The E?