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It’s Morning in Venture Capital

Both Sides of the Table

In 1997, the year the Kauffman Report begins its analysis; there were 70 million users online globally. hours per day on average, and that’s excluding the other 13 hours a day where we have our mobile devices, our connected TVs, our iPads and Kindles and soon our cars connected to the web. Mobility really changes everything.

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Inspiring Entrepreneurs: What Netflix CEO Reed Hastings has learned in his business career

The Next Web

When he founded Netflix as a DVD rental service in 1997, Hastings had already led one company, Pure Software, from its birth to an IPO. So we simply went too fast and didn’t anticipate how devoted some people still were to that part of our business. How will mobile change. We learned from it, corrected it and moved on.

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How AI And Big Data Are Changing Century-Old Media Companies

YoungUpstarts

It has stood behind its paywall since 1997, trusting that customers interested in its content would pay upwards of $200 a year for it. Old Media Models Are Melting Down. We’re now in the midst of a meltdown of the old media business models. And in that, there is value.

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A Glimpse: My American Dream

thebarefootvc

At the Clinton Global Initiative last September, Pierre Omidyar, co-founder of eBay, announced a commitment from his philanthrocapitalist firm to invest millions of dollars in mobile applications and services, with a focus on developing markets globally. eBay is likely the most efficient “accelerator” to have existed to date.

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The pioneers of Silicon Valley’s fast culture on how to grow quickly, not recklessly

Reid Hoffman

And from a financial perspective, any investor would be better off buying stock in Amazon than buying and share of a corner bookshop; if you invested $100 in Amazon’s 1997 initial public offering (IPO), those shares would have been worth about $120,000 in 2018. Publishers and authors (like O’Reilly and us) also benefit from Amazon’s success.

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The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

Witness, for example, this terrific Fast Company article on Bill Nguyen , serial entrepreneur who’s seventh startup “Color” famously raised $41m for a new mobile app before it even launched. They said I don’t understand mobile. Freeloader — On $3m invested, sold for $38m in 1996 — shut down in 1997.

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This Week in VC with @VCMike Hirshland of Polaris Ventures

Both Sides of the Table

This probably wasn’t a fun period of time for a new VC but nonetheless probably made Mike stronger than having started in 1997. I’ve already started the business modeling. Developer and publisher of social mobile games. SGN games downloaded +17mm times on mobile devices. Read more: TechCrunch.