Naval Ravikant: There is No Angel Bubble. There are Many Angel Bubbles.: The total amount of additional capital flowing through the Silicon Valley early-stage ecosystem, thanks to Super-Angels and newly minted millionaires, is on the order of half-a-billion dollars or so. It’s no more than a middling-sized VC fund. Would the emergence of a new VC fund be considered a bubble? Would the collapse of one signal disaster? ..... Most of the small companies being funded will fail, but the ones that hit will generate fantastic returns. And because of their small size and operating costs, a greater percentage will be able to get “ramen profitable” than was traditionally possible. ..... we’re all going to have to become even more comfortable with failures, re-starts, and the kind of team re-combination that one sees from one Y Combinator Demo Day to the next. ..... Angel investment valuations have been climbing very quickly ..... a small number of high-profile Angel investments, moving small amounts of capital but at very high valuations, can make the entire market look overvalued. ..... Seed is the new Series A .... an incredible renaissance in technology, with smart phones taking computing to local arenas and social networks taking it into the mainstream populace ..... we’re going to see the equity gap narrow between the founders of raw startups and early key team members.I think this is new, uncharted territory, rather than bubble territory. Bubble would be if we were a year or two from imminent collapse. I don't think we are.
Wednesday, December 01, 2010
Angel Bubbles: No Bubbles
Image via CrunchBase
Tuesday, November 30, 2010
Google, GroupOn: Facebook Needs To Go Public
Image via WikipediaFacebook has so far never made an acquisition. Acquihires like Dropio and Hot Potato don't count. And a company can not do internal innovation forever. The price you pay to get big is you are open to innovation from outside. You keep a clear vision of where you want to go as a company, and you make acquisitions along the way in emerging spaces and sub spaces.
Facebook was ready to go IPO last year based on its fundamentals. But a recession perhaps was not a great time to go public. But now the recession is over. Further delays will cause Facebook harm. To put it down bluntly, Facebook can not make GroupOn like acquisitions if it stays private.
Facebook was ready to go IPO last year based on its fundamentals. But a recession perhaps was not a great time to go public. But now the recession is over. Further delays will cause Facebook harm. To put it down bluntly, Facebook can not make GroupOn like acquisitions if it stays private.
Google, GroupOn: Integration Will Be Key
Image by earcos via FlickrThis is not a merger, this is an acquisition, but it feels like a merger. Granted this is no AOL Time Warner - thank God - but it feels like a merger more so than the YouTube acquisition felt. The YouTube acquisition felt like an acquisition, a big acquisition but still an acquisition. This feels like a merger.
Google, GroupOn: Marissa Mayer's Stalking Of Andrew Mason
Image by jdlasica via FlickrAndrew Mason first spotted Marissa Mayer at South By Southwest. He did not think much of it. He did not think someone like Marissa Mayer might actually know who he was. Only two years before he had been eating Ramen noodles. He could still feel the taste of Ramen in his mouth.
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