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Screw the Black Swans: Ichiro is our role model, not Barry Bonds.

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In contrast to the above warm fuzzies, as venture capitalists we also both have fiduciary responsibilities to our investors that require us to focus on our WINNERS. This is not capitalism, but rather simple survival and competition.

VC Evolution: Physician, Scale Thyself.

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TL:DR : This post aims to recap significant changes in the venture capital industry over the past ten years, and then make some [biased] predictions as to major forces at play in the next five years. In the past ten years there have been several dramatic changes in venture capital.

Trending Sources

What Hasn't Changed: The Internet Keeps Getting Bigger.

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Historically, the venture capital industry has been used to finance high-risk business where significant capital is required to get companies off the ground, usually in two key areas: building product, and acquiring customers. But in the early days, capital is nowhere near as important to the company as domain expertise. Recent articles by the WSJ , Fred Wilson , & others are noting a shift in investor interest to enterprise and away from consumer.

Your SOLUTION is Not My PROBLEM - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Scooter + microVWbus sidecar | Main | Join GeeksOnaPlane for DC (9/18-19) & Europe (9/21-10/2) » Monday, August 03, 2009 Your SOLUTION is Not My PROBLEM QUICK !!!

Brief Thoughts on Angel List, "Social Proof", "Spray & Pray", & The Network Effects of Large Scale Investing

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1: Angel List is the Single Most Important Innovation in Venture Capital in the Past 5 Years. background --  links to a bunch of previous posts about Angel List that have been written by Scoble , Bryce , Jason , & Suster  which i will summarize below: Scoble : wow, Angel List is a pretty amazing hype machine for startups, and a great way for entrepreneurs to raise capital.

IRR 69

Subscriptions are the New BLACK. (+ why Facebook, Google, & Apple.

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Categories A Few of My Favorite Posts Big Ideas, Hot Air Blog the Blogging Bloggers Books, Movies, & Media Conferences & Events Dave, Friends, Family Facebookaholic Finance & Economics, Capital Ideas Fun, Funny, Silly Games, Sports, Frisbee Geeks, Tech, Startups Life Lessons Marvelous Marketing Metrics & Measurement Microfinance, Social Entrepreneur Music, Art, Food, Travel Politics & Foreign Policy Prediction Markets Search, SEO/SEM, etc She Blinded Me With SCIENCE!

Startups & VCs: Learn How to Design, Market, & Eat Your Own.

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Categories A Few of My Favorite Posts Big Ideas, Hot Air Blog the Blogging Bloggers Books, Movies, & Media Conferences & Events Dave, Friends, Family Facebookaholic Finance & Economics, Capital Ideas Fun, Funny, Silly Games, Sports, Frisbee Geeks, Tech, Startups Life Lessons Marvelous Marketing Metrics & Measurement Microfinance, Social Entrepreneur Music, Art, Food, Travel Politics & Foreign Policy Prediction Markets Search, SEO/SEM, etc She Blinded Me With SCIENCE!

Great Entrepreneurs are PASSIONATE about Customers & Products, NOT.

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  well most people in venture capital or business school won't tell you this, but first-time entrepreneurs are just as friggin' dangerous as drunk teenagers behind the wheel of a speeding automobile.  I'm on to venture number two.

Startup Metrics for Pirates (Lean Startup Circle, Jan 2010.

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Categories A Few of My Favorite Posts Big Ideas, Hot Air Blog the Blogging Bloggers Books, Movies, & Media Conferences & Events Dave, Friends, Family Facebookaholic Finance & Economics, Capital Ideas Fun, Funny, Silly Games, Sports, Frisbee Geeks, Tech, Startups Life Lessons Marvelous Marketing Metrics & Measurement Microfinance, Social Entrepreneur Music, Art, Food, Travel Politics & Foreign Policy Prediction Markets Search, SEO/SEM, etc She Blinded Me With SCIENCE!

The Faces, the *FACES*. it's *ALL* about the Motherf**king FACES.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Pimpin da Maestro: May 29th Eric Ries "Lean Startup" Geek Masterclass | Main | Tweeting Real-time @TWTRcon w/ Kara Swisher, Jeremiah Owyang, Paul Saffo » Sunday, May 31, 2009 The Faces, the *FACES*.

Web 2.0 Product Management: Optimizing Metrics & Viral Growth (Dan.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Bernard Lunn: Microsoft=Ali, Google=Foreman, & "Web 3.0" = "Rumble in the Jungle" (ill let him explain) | Main | VentureBeat Digital Media Party - Hot Hot HOT!

Viral 34

You've Seen This Shit B4. Move Along. - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Running Geek Events | Main | Marketing, Metrics, & Meaning (4 Pirates, in LA @ BlueGlass) » Tuesday, July 06, 2010 Youve Seen This Shit B4.

Startup Metrics That Matter (FoWA London, Oct 2009) - Master of.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Oh Shit. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

The Lean VC: a Silicon Valley story about Innovation, Incubation.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Dave McClure talk about seed investing on GigaOm | Main | Fire in The Valley, Fire in My Belly. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure.

Fear is the Mind Killer of the Silicon Valley Entrepreneur (we.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Virtual Goods Oct 10th || SNAP Summit Oct 28th (SF) | Main | Got SchadenFreude? Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure.

life lessons, by jack handey. er, Dorsey. - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « GeeksOnaPlane East Asia 2010: Startups Are Global. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

Marketing, Metrics, & Meaning (4 Pirates, in LA @ BlueGlass.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Youve Seen This Shit B4. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

Fire in The Valley, Fire in My Belly. and Yes, Mike, I Have.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « The Lean VC: a Silicon Valley story about Innovation, Incubation, & Iteration. This is America, This is Capitalism , and it's a Free Fucking Country.

Resumes are for *Shit*. The 4 Things You Really Need: LinkedIn.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Startonomics SF 2008: Yeah, We Rocked Your Face. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

Second Age of Aquarius: Facebook Connect + Facebook Payments.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Startonomics Conference on Startup Metrics, AARRR! Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

Business Models for Social Networks: Monetizing Social Capital.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « User Engagement Panel @ SNAP Summit 2.0 (SF) » Thursday, March 27, 2008 Business Models for Social Networks: Monetizing Social Capital, The Long Tail of Cool, & The Friends List.

Startup Metrics 101: a Product & Marketing Workshop (@ Web 2.0.

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Categories A Few of My Favorite Posts Big Ideas, Hot Air Blog the Blogging Bloggers Books, Movies, & Media Conferences & Events Dave, Friends, Family Facebookaholic Finance & Economics, Capital Ideas Fun, Funny, Silly Games, Sports, Frisbee Geeks, Tech, Startups Life Lessons Marvelous Marketing Metrics & Measurement Microfinance, Social Entrepreneur Music, Art, Food, Travel Politics & Foreign Policy Prediction Markets Search, SEO/SEM, etc She Blinded Me With SCIENCE!

Silicon Valley Angel Investing and Incubation 2.0 (Hong Kong.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Startup Metrics 4 Pirates (Startonomics Hawaii, Nov09) | Main | An American Geek in Paris (LeWeb) » Monday, November 16, 2009 Silicon Valley Angel Investing and Incubation 2.0

GeeksOnaPlane East Asia 2010: Startups Are Global. You Should Be.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Why NOT to do a Startup -- becuz yer Gonna FAIL. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

Dave McClure talk about seed investing on GigaOm - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « 500 Startups | Main | The Lean VC: a Silicon Valley story about Innovation, Incubation, & Iteration.

500 Startups - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « MoneyBall for Startups: Invest BEFORE Product/Market Fit, Double-Down AFTER. I agree that tuning with the least amount of capital till customers start buying is the way to go.

Buddha Temple Singapore - Master of 500 Hats

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A Silicon Valley Story Creating Successful Developer Programs Where Im At: What Im Up To: Microfinance 500 Hats: Securitizing Happiness (slides) 500 Hats: Microfinance & Social Entrepreneurship (Index) 500 Hats: MicroEquity = Micro Venture Capital?

Startup 2.0: a Silicon Valley Story - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « GeeksOnaPlane Asia Visits The Great Wall of China | Main | Lost In Translation (by @kk in Tokyo) » Monday, May 31, 2010 Startup 2.0:

Running Geek Events - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Buddha Temple Singapore | Main | Youve Seen This Shit B4. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

Lost In Translation (by @kk in Tokyo) - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Startup 2.0: Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

GeeksOnaPlane Asia Visits The Great Wall of China - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Sec. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

Sec. State Hillary Rodham Clinton & GeeksOnaPlane / StartupVisa.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « GeeksOnaPlane Shanghai! Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

GeeksOnaPlane Shanghai!

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Startup Metrics for Pirates (Lean Startup Intensive, May 2010) | Main | Sec. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure.

SEC 2

Startup Metrics for Pirates (Lean Startup Intensive, May 2010.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Check-Ins are Coupons. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

Web 2

Better Get Ready. - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Social CRM: The New Rules (by Jeremiah Owyang, Altimeter Group) | Main | Check-Ins are Coupons. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure.

Startup Weekend Tokyo & GeeksOnaPlane Japan (Dec 2009) - Master of.

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A Silicon Valley Story Creating Successful Developer Programs Where Im At: What Im Up To: Microfinance 500 Hats: Securitizing Happiness (slides) 500 Hats: Microfinance & Social Entrepreneurship (Index) 500 Hats: MicroEquity = Micro Venture Capital?

An American Geek in Paris (LeWeb) - Master of 500 Hats

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Silicon Valley Angel Investing and Incubation 2.0 Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure. The Internet Revolution, Act III.

With Apologies to Kathy Sierra & Paul Graham: Make Something Users.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « Subscriptions are the New BLACK. (+ why Facebook, Google, & Apple will own your wallet by 2015) | Main | Geek Meets Chic; Feet Meet Floor.

Farewell Tokyo! J-Geek Dinner Shibuya Off the Hook :) - Master of.

500 Hats

A Silicon Valley Story Creating Successful Developer Programs Where Im At: What Im Up To: Microfinance 500 Hats: Securitizing Happiness (slides) 500 Hats: Microfinance & Social Entrepreneurship (Index) 500 Hats: MicroEquity = Micro Venture Capital?

RethinkHawaii.com (Nov 1-5): Come Get Your Geek On. - Master of.

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Simply Hired Social Networking & Social Media Venture Capital & Startup Finance « SlideShare launches AdShare, LeadShare: Performance-based social media marketing is *here*. Master of 500 Hats A blog about Geeks, Entrepreneurs, & Startups in Silicon Valley, by Dave McClure.