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"Carnival of the Capitalists"







"Carnival of the Capitalists"

"Carnival of the Capitalists" 10/28/2003 11:09 PM




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On February 5th I’ll be speaking at Fastlane Ventures "How to Capitalize on Blogging" seminar in Dublin, CA. My presentation...

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Where do blogs fit in? Are enterprises ready? Do blogs present a new marketing communication tool? If yes, how can they be used to understand customers? What are the benefits of using blogs? How are blogs used in an enterprise? Are they just a craze?

I’ll publish the slides for the talk after the conference.


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Are Venture Capitalists Bad For
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04/01/2005 01:46 PM
At the beginning of this article, I was hoping that maybe it was just an April Fool's joke -- but it appears they're serious. A couple of VCs who are obviously trying to get a lot of attention by saying something controversial have written up an article saying that venture capitalists are bad for innovation. However, about the only thing this article proves is that these particular VCs are bad at proving their claim. While the importance of venture capitalists are often overblown, and there are many VCs who do stupid things or who fit the stereotype of the lemming investor, VCs do serve a very real and very important purpose for those who need that type of capital investment. The biggest problem, often, is that entrepreneurs misunderstand the purpose of venture money or how the VC world works. Most of the article here is really just a rehash of how the VC world works, which has been written up a thousand times already, and most folks with any startup/VC/etc. experience already know quite well. The problem, though, is with the hypothesis and then how they go about proving it. First, they set up the issue by assuming that VCs are an engine for innovation -- which is not exactly true. VCs are an engine for building high growth businesses. Those two things are not necessarily the same thing, though, obviously, there can be quite a bit of overlap. However, it's silly to complain that VCs don't look to fund longterm innovation instead of looking to fund business opportunities. That's sort of the definition of venture capital. Then the article gets worse and worse. Not only do they start with the wrong assumption about the relationship between VCs and innovation, they then go on to define innovation in a way that specifically proves their point. They start randomly cutting out companies that they don't feel are innovative -- even when they are, actually incredibly innovative. The problem is that these VCs appear to be confu sing innovation with invention. Invention is coming up with a new idea -- but very often that new idea is not commercially viable. It's the innovation on the invention that makes an idea commercially viable, and it's that commercially viable idea that interests a VC. So, in that regards, it seems like VCs do often fund innovation. They're not funding new ideas, but how to make new ideas commercially viable. That's the sort of innovation we should be encouraging anyway. And, of course, the final problem with the article is that they're looking at the issue in aggregate. There's no denying that there are some very bad VCs and some very bad VC investments out there -- and they may "cancel out" the good ones. It seems odd to condemn the whole space based on this sort of logic.

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How Free Software won the hearts of
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How Free Software won the hearts of
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My friends Biella and Mako have written a good, short academic paper on how it is that "Free and Open Source Software" can be seen as tactically advantageous to big corporations, Starbucks-smashing anti-globalists, and liberal commons-oriented IP wonks.
While the money behind IBM's advertising machine makes their take on FOSS particularly visible, they hold no monopoly on the interpretation of FOSS's meaning and importance. This is evidenced by the extensive use of FOSS as an iconic tactic by leftist activists around the world. Also bearing a three letter acronym, the Independent Media Centers (IMC) are a socio-political project whose mission and spirit are completely contrary to the goals of a large corporation like IBM.
Link< /a> (Thanks, Biella!)

Open-Source Upstarts Catch The Eye Of
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Open-Source Upstarts Catch The Eye Of
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TechWeb - VC investment is flowing to companies that help businesses use open source effectively, rather than tie them to one open-source project.

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Carnival of the Vanities 11/12/2003 06:48 PM
Hoya Saxa Carnival! .. Dead Ends .. 60th

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