Super Angels, The Churning VC Game, And Catch Up Tech

Image via WikipediaThere's web services - aka dot coms - and then there's clean tech, bio tech, nano. Dot coms have become much less pricey. Anyone can rent server space with Amazon. Pretty much anyone can write code.

"You can learn the basics of Ruby in two days," a techie told me a few days back. "And it is all on Google, all the material is free."

Clean tech, bio tech and nano are still capital intensive.

But the biggest returns are in what I am going to call catch up tech. This is the world of microfinance and global infrastructure projects. An annual 10% return is the floor when it comes to these opportunities. If the wise guys - and they were guys - on Wall Street had known to pump excess capital a few years back into catch up tech rather than housing, we might have skipped the pain of the past few years. You pump up housing value, and you sell mortgage based securities to each other. That was like setting the house on fire starting from the basement.

Mike Arrington, TechCrunch: So A Blogger Walks Into A Bar…
Master Of 500 Hats: Fire in The Valley, Fire in My Belly... and Yes, Mike, I Have Stopped Beating My Wife.
Fred Wilson: Collusion
Quora: Who are the Super Angels that Michael Arrington is talking about in his 9/21/10 Techcrunch post, "So a Blogger Walks into a Bar..."?
Silicon Alley Insider: Hooray For Mike Arrington

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Gmail Bug

Hollywood, Silicon Valley, DC, Wall Street, American Hinterland

Image via CrunchBase

TechCrunch: Zuckerberg, ‘The Social Network’ And The Rise Of The Terror Nerd: With The Social Network, Hollywood has made an artful attempt at taking the inferiority, fear and awe that it feels towards Silicon Valley and projecting it onto the cold, calculating (and fictional) Zuckerberg; “Creation myths need a devil,” spoken by Rashida Jones’ Marylin Delpy, is the most resonant line in the film..... people who understand how to code and build websites have power ..... Sorkin himself told New York Magazine, “I am not a fan of the Internet.” ..... Mark Zuckerberg is the perfect scapegoat for the whole damn thing, being someone who stole Hollywood’s cultural influence and built a half a billion strong distribution network it could only dream of, delivering a brutal blow to its business model as a side note.

NY Mag, NY Times, All Things D, CNet.

9/11 was Hollywood not doing its job. The Gulf Oil Spill was Hollywood not doing its job. When the political pundits were saying because the Cold War has ended and history has ended, it was Hollywood's job to point out otherwise. America always has had to violently tussle with chunks of autocracies. The fact that most of the Arab world was not democratic should have had alarm bells ringing, but did not.

America as a population should not have had to go through the trauma of a Gulf Oil Spill to start thinking seriously in terms of a zero emissions future. That emotional jolting should instead have and should come from Hollywood.

By that measure this Facebook movie is a stark failure. It does not even begin to fathom what it takes to build an epoch changing company. To say it is just fiction is not a good excuse.

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