asterisk2a + wilson   11

Pando: Your biennial reminder that hype is a drug
"Hype is a drug. As the entepreneur you can't resist it. But as the entrepreneur it'll bite you in the ass every time. So if you choose to build your company on hype, you're going to have to live with the consequences." // & cheerleading squadron that sits inside the bubble & transmits signals 2 the outside world is not helping these companies 2 dampen down 'just reporting'. There are rarely if, buts, question marks, demand for numbers, critical journalism, viability and sustainability questions, ... there is no journalism. and forget investigative journalism that could break another Techopus. Its also fuelled by the way established companies handle their PR. treat journalists. off the record practise, invites, dont tell anybody else, u didnt hear that from me, here is the invite 4 that special even for special people, ego stroking techniques. feeding ground for insular environment. //&! Fancy office (phony display of success) w A Round money 4 no revenue plan product &JUST BUY GROWTH!
Fred  Wilson  Hype  Cycle  Start-Up  advice  Start-Up  lesson  Unicorn  Venture  Capital  FOMO  hunt  for  yield  distortion  downround  Silicon  Valley 
september 2015 by asterisk2a
#TOA Interview with Fred Wilson & Brad Burnham of Union Square Ventures - YouTube
mi 32 - lack of adoption of SV model: no politics, execution, results driven, value creation, accepting Failure as outcome (culture of Stigma in EU and Germany) // min 36 - oh hi there world - buy into the company! a partner, strategic joint venture. shared economic interest, own platform by publishers! // miss-allocation of capital ! // hard things about hard things - Pivot, layoff vs running out of money not finding product/market fit & traction // early on its only hunch & gut based. // #TOA15: ¨Are the Germans Unable to Disrupt?¨ with Christoph Keese (Axel Springer SE) - youtu.be/YyuJmAtZQis - its abt value creation, value add, redesigning of value, chains, product, data. Big corps cant disrupt itself. especially not by committee. Legacy companies unlikely 2 survive bc of patterns 2 stick 2 the conventional & fail than fail with unconventional & look like a fool (risk aversion, Failure in the public eye). Book "Silicon Valley: Was aus dem mächtigsten Tal der Welt auf uns zukommt"
Europe  Start-Up  Scene  Berlin  Start-Up  Scene  Failure  incrementalism  incremental  value  creation  added  value  Core  Product  Proposition  intangible  value  Mittelstand  SME  SMB  Proposition  Venture  Capital  oh  hi  there  world  Fred  Wilson  London  Scene  Wall  Street  shareholder  value  profit  maximisation  book  ecosystem  distortion  asset  allocation  Germany  Europe  industrial  policy  Revolution  2.0  STEM  3D  printing  Software  Is  Eating  The  automation  automotive  Big  Data  Robotics  business  consumer  disrupting  markets  disruption  creative  destruction  Pivot  Product/Market  Fit  traction  self-awareness  MVP  Minimal  Viable  Product  Lean  Start-Up  timing  Internet  Privacy  Privacy 
august 2015 by asterisk2a
Cities for Tomorrow 2015 - The Next Silicon Valley - YouTube
SV had intrinsic motivation and drive of counter culture. Berlin & Co. do not have that. Wannabes, copycats, lawyers (Samwer Brothers). // Need next to capital and talent also cheerleaders. // Ability to Fail publicly! Problem in Germany and Europe. Socially and by law. Disastrous bankruptcy laws depending on company formation. // &! expensive cities! cost of living. prohibitive! burn rate thus runway shorter, more pressure on all to meet milestones before money runs out. companies die because of such, not enough time to find the magic formula. &! mercenary culture in hiring engineering, switching after 2 years.
Silicon  Valley  London  Start-up  Scene  Berlin  Scene  Israel  ecosystem  counter  culture  economic  history  technological  history  Failure  Germany  society  Gesellschaft  burn  rate  runway  war  for  talent  cost  of  living  lesson  advice  Fred  Wilson 
july 2015 by asterisk2a
Peter Thiel on why Airbnb should be valued way higher than Uber… and why it’s not | PandoDaily
Rather than explaining how two companies locked in such a battle could possibly justify nearly $2 billion in collected investment and sky high valuations, he made the point that Airbnb in contrast is wildly undervalued at least relative to Uber. Thiel is also an investor in Airbnb– yet another darling of the sharing economy, valued at a “mere” $10 billion compared to Uber’s $18 billion. Unlike Uber and Lyft, Thiel argued, there is no obvious competitor to Airbnb. That in and of itself makes it a more valuable company because of the distraction and profit erosion that he describes throughout his book. So why doesn’t the market reflect that thinking? Thiel gave an amusing answer to that too: VCs like to invest in things they like to use. VCs love getting in black town cars, but they typically stay in five star hotels. Fewer still open up their homes to strangers for extra cash. Uber gets a “yeah! I like this one!” valuation boost.
Peter  Thiel  Venture  Capital  pattern  recognition  pattern  matching  Lyft  Uber  AirBnB  valuation  competition  Fred  Wilson  Bill  Gurley  burn  rate  runway  Silicon  Valley  unintended  consequences  ZIRP  bond  bubble  equity  bubble  NIRP  QE  hunt  for  yield 
october 2014 by asterisk2a
Andreessen: High burn rates risk more than just running out of cash | PandoDaily
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable  a16z  Marc  Andreessen  Ben  Horowitz  SF  war  for  talent  labour  economics  labour  market 
september 2014 by asterisk2a
Winter Is (Probably) Coming (Soon) | TechCrunch
"The more you boost your burn, the more risk you take on. [...] The underlying point of Gurley’s and Wilson’s respective riffs is that many companies will have to reduce their burn in the future. And it won’t be easy. And the pair likely won’t be willing to give larger sums to companies that just torched their prior round in ways that they didn’t precisely approve of. Cash is the oxygen of business. When it runs out, the company dies." ... being nimble, frugal, Lean, conservative ... via https://news.ycombinator.com/item?id=8338411
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable 
september 2014 by asterisk2a
Burn Baby Burn – AVC
From one of the comments: "f you're backing companies that have bootstrapped their start, you get a different, focussed culture & attitude on burn rates and costs. It forces you to think twice about every cost item. You're running as fast as you can to get traction, customers, product, team, everything aligned within tight costs. It's not about frugality but more aligned to reality. " +++ via https://news.ycombinator.com/item?id=8324047 +++ !!! Fancy Offices - bit.ly/1piSnxO +++ !!! +++ "Gurley and Wilson point to sky high burn rates, not valuations as the red flag in Silicon Valley [...] Gurley and Wilson are lamenting the exorbitant burn rates that have become the norm among venture-backed startups and the lack of fear and accountability signaled by this hyper-aggressive approach." - bit.ly/1m93G0M +++ !!! +++ bit.ly/YQY2WS +++ !!! +++ "Which VCs Have the Most Portfolio Companies with $100M+ of Funding?" - bit.ly/1wo7BHF
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable 
september 2014 by asterisk2a
A fireside chat with Fred Wilson - YouTube
"We are in the service business, helping them being successful." VC guys - here to help you; council, scale, connect/network help, help where they can be helpful otherwise find the person who can help you with X (ie Chris Sacca seems to have special skill set that some companies can leverage for biz deals and negotiations - ie Uber [ http://youtu.be/iqUG2_cmZ6I ]). See a16z model; Operations Helpers (HR, Marketing, biz Dev.). That is where Angel Investors (single persons) and Seed Rounds lack value; the added value and the scalability (n+1 people behind VC company). In Finance School; the present value of the company is the future cash-flow (not necessarily profits), that is why companies who aimed for revenue growth are much more valuable than companies who aimed for margin. Term 'Investing in the future.' ;-) The future is uncertain by definition. Very uncertain. High risk, high potential returns. With given losers (losses non-leveraged, can't loose more than you've invested).
Start-Up  lesson  Start-Up  advice  Mark  Suster  Fred  Wilson  VC  Venture  Capital  Chris  Sacca  Angel  Investor  seedround  seedfunding  Twitter  Etsy  Dick  Costolo  indeed.com  execution  focused  focus  vision 
july 2014 by asterisk2a
Sorry Fred Wilson, but corporate VCs are gaining steam | PandoDaily
the rise of corporate VCs. For those who missed our New York PandoMonthly fireside chat with the Union Square Ventures partner last year, he gave one of the most animated and impassioned responses to an inside baseball question we’ve seen of any of our guests. When asked about the lessons he’s learned as a VC, Wilson was quick to reply that investing with corporate VCs was something that he’d “never, ever, ever, ever gonna do again – never, ever, ever – never.” Asked why he felt so strongly, he replied, “They Suck! They are not interested in the company’s success or the entrepreneur’s success. Corporations exist to maximize their interests. They can never be menchy or magnanimous. It’s not in their DNA, and so they suck as investors.”
Venture  Capital  fredwilson  Fred  Wilson  corporatism  crony  capitalism  capitalism  Corporate  Venture  Capital  hunt  for  yield 
may 2014 by asterisk2a
Hedge Fund Boss: "We Are Witnessing Our Second Tech Bubble"
+ http://www.nytimes.com/2014/04/27/magazine/if-a-bubble-bursts-in-palo-alto-does-it-make-a-sound.html "There are hundreds more examples of big companies spending eye-watering sums for acquisitions, firms going public at fat valuations, tech stocks reaching high highs and venture-capital firms tossing money at start-ups. That’s not to mention the cultural afterbirth of all that cash, from the medieval-themed weddings to the office ball pits. (If HBO sees fit to satirize your corner of the economy, things have probably gone a bit weird.) Meanwhile, the rest of the country slouches along, unemployment high, wages stagnant, credit tight. But Silicon Valley feels like a foam party." [...] “Valuations are at extreme levels because you cannot get a decent return on your money doing anything else,”
asset  bubble  Silicon  Valley  growth  round  late-stage  funding  Venture  Capital  Marc  Andreessen  IPO  hunt  for  yield  ZIRP  QE  liquidity-trap  unintended  consequences  speculative  bubbles  equity  bubble  debt  bubble  bond  bubble  OMT  ECB  BOE  NIRP  deflationary  deflation  unconventional  monetary  policy  monetary  transmission  mechanism  monetary  policy  2014  Facebook  Airbnb  Dropbox  Box.com  California  San  Francisco  Los  Angeles  Palo  Alto  Fred  Wilson 
april 2014 by asterisk2a

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