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Welcome to The Frontier – An Ode To Startups

Feld Thoughts

Pantheon is building “A big badass platform that will run 30% of the Internet.” Date: Thursday, July 18, 2013 2:19:42 AM. When I was was in college, I found some books written on the future social impact of the Internet on the World. Friends from the campaign went on to run Obama’s Internet operation.

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Boston Unicorns

Seeing Both Sides

We looked at the companies in New England (call them "Boston and surrounding") that had exited in the last 10 years (2003-2013) with greater than $500 million in market valuation. 2004), Kayak ($1.8B/2004) 2004) and Fleetmatics ($1.4B/2004), 2004), although the latter was founded in Dublin. Essential Role of Immigrants.

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From email scams to e-commerce wins: How online shopping is helping Nigeria fix its Internet reputation

The Next Web

According to Transparency International in 2013, Nigeria was the world’s 144th most corrupt country out of the 177 countries monitored. Moreover, investment in the country has been slow to accelerate. Perceptions that it is too dangerous to do business and that corruption is rife are largely correct.

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PC For Rent – How To Make Money Searching For Extraterrestrial Intelligence

YoungUpstarts

Regular computers must be united into a sophisticated computing network; big tasks should be broken into smaller ones; and all the possible contingencies — like slow internet or sudden computer shutdowns — must be taken into consideration. (Unless it’s a high-end supercomputer with a computing capacity of 10 000 regular PCs.)

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The Opportunity / Growth Fund Trend

Feld Thoughts

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies. In one case they referred to it as a growth fund.

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The Opportunity / Growth Fund Trend

Feld Thoughts

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies. In one case they referred to it as a growth fund.

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Great product and good momentum are keys to unlocking investment

The Equity Kicker

In 2004, you’d raise $500k with just an idea. In 2013, these days, you are expected to have a product coded up and ready before you raise your first substantial angel round. The qualitative bar for the team, idea, and market was high. Then you’d build the product and spend $5M to market it. You didn’t need to build a datacenter either.