Tuesday, September 30, 2014
It seems to me, there are three reasons to sell a company. Any of them will suffice.

ev williams

1) the offer captures the upside

At the time, the offer we had on the table for Twitter—though a heck of a lot of money and a huge win for investors and anyone else involved—didn’t seem like it captured the upside. Even though we weren’t huge, and there were still a lot of doubters, I believed our potential was unbounded.

2) imminent threat

There’s potential, and then there’s risk. And there’s always risk, even in the best situations. But there are cases in which your chances of reaching your potential are slimmer than normal and maybe even totally out of your control.

3) personal choice

Sometimes the founders or other key people may just be done. This is actually quite common and drives a lot of small acquisitions. It doesn’t apply as much as companies get larger, because everyone is (eventually) replaceable—especially if the company is doing well.

Wednesday, September 17, 2014 Tuesday, September 16, 2014 Thursday, September 11, 2014

By definition for non-consensus bets, the value proposition (what), adoption rate (when) and business model (how) are very uncertain. Both distributions are heavily right-skewed — most startups fail! But non-consensus bets can lead to huge wins when you get the who, what, when and how right. 

via.

By definition for non-consensus bets, the value proposition (what), adoption rate (when) and business model (how) are very uncertain. Both distributions are heavily right-skewed — most startups fail! But non-consensus bets can lead to huge wins when you get the who, what, when and how right. 

via.

an intellectual says a simple thing in a hard way. an artist says a hard thing in a simple way.

via.

Friday, August 29, 2014 Tuesday, August 26, 2014
industry-specific solutions are the wave of the future and a key part of what Google is building for our customers

tom kershaw

while devices and apps get most of the attention, data storage is every bit as important, particularly as objects like phones, tablets, cars and thermostats become appendages of the Internet

Thursday, August 21, 2014

davehyndman:

St Paul & The Broken Bones - Half the City (A Take Away Show)

Wow! What a voice.

c’est si bon!

Tuesday, August 19, 2014
Friday, August 15, 2014
Correlation Ventures just released a study that shows the distribution of outcomes across over 21,000 financings and spanning the years 20014-2013.
Based on their data, a full 65% of financings fail to return 1x capital. And perhaps more interestingly, only 4% produce a return of 10x or more and only 10% produce a return of 5x or more.
All of this math simply underscores how important winners are to venture returns and how difficult it is to find them.
via.

Correlation Ventures just released a study that shows the distribution of outcomes across over 21,000 financings and spanning the years 20014-2013.

Based on their data, a full 65% of financings fail to return 1x capital. And perhaps more interestingly, only 4% produce a return of 10x or more and only 10% produce a return of 5x or more.

All of this math simply underscores how important winners are to venture returns and how difficult it is to find them.

via.