Sunday, April 10, 2011

The First Walmart Store


So Sam Walton decides he wants to take his company public. Although the company was in debt, its fundamentals were looking really strong. Besides he figured he could use the money generated from the IPO for the company's future growth.

So he shows up in New York, shows up at an investment bank.

"Hi. I am Sam Walton from Arkansas. I need to take my company public. Who do I talk to?"

The receptionist takes her to see that lone soul from Arkansas who happens to be working at that bank.

New York Times Paywall Sucks

The New York Times building in New York, NY ac...Image via WikipediaSo yesterday the New York Times website kept bombarding me with pop ups saying I had only two more articles left for the month, two out of 20.

They should have warned me at 10 left. I would not have read all those travel articles I read: vicarious living.

Pop ups are bad. Period. Don't do pop ups. Firefox climbed up by simply helping you fight pop ups. What is the New York Times thinking?

Tear Down This Paywall

I thought I read somewhere that if you show up at a New York Times article from some social media destination like Twitter or Facebook, that does not count against your monthly limit. Well, I did.

Dave McClure's Incubator



Dave McClure is a dude to watch, sure. The guy is a major mover and shaker in the early stage game. You might not do business with him, you might not agree with him, but his insights are hard to ignore.

FoodSpotting's Dish As Starting Point

Image representing Foodspotting as depicted in...Image via CrunchBaseOkay, so I am breaking my April Fool promise of restraining from blogging about FoodSpotting.

Yesterday, or the day before, I read that both inDinero and FoodSpotting are Dave McClure companies. I kind of, sort of knew that. But it was one of those flash moments. I also have known FoodSpotting is an Angel List company.

But then I expect FoodSpotting's next round of funding to come from one of the major VC firms in the range of 10 to 20 million dollars, whenever that might be. In a year or less perhaps?

This reinforces my point that it is not either or. Old school VCs still matter, actually they matter big. But The Angel List, Y Combinator, TechStars, 500 Startups, they have changed the early stage game fundamentally, irrevocably. In short, they have innovated.

And FoodSpotting is proof. (Twitter ---> Instagram ---> FoodSpotting)