California Attorney General Kamala Harris recently announced an agreement with three of the largest online dating sites: eHarmony, Match.com and Spark Networks (parent company of JDate and ChristianMingle, among others). In much the same way Facebook reached an agreement regarding child safety with AG’s nationwide in 2008, it appears the dating sites agreed to some voluntary…
Read More... »
Second in importance only to talented people, IP in all its forms is the key asset comprising most of the value of any tech startup. Nevertheless, even industry veterans are often fuzzy on the definitions and boundaries between different types of IP and the ways they can be protected and exploited. Hence this “Cliff’s Notes” refresher, to be followed by a discussion of why it matters.
Read More... »
Facebook is forthcoming about the challenges of mobile: No revenue currently generated from mobile advertising; unclear how much mobile use could be monetized; failure to solve this puzzle combined with a dramatic shift toward mobile usage could be a serious problem; and they don’t control the iOS and Android platforms. Frankly, if there were one thing that persuaded me not to invest in FB at current valuations, this would be it.
Read More... »
Valuation caps can shape the fundamentals of an exit, redistribute value among stakeholders, or even kill a deal altogether. Never missing an opportunity for a good war story, I’d like to revisit one high-profile transaction, the $650 million acquisition of MySpace by Fox Interactive Media in 2005.
Read More... »
Much has been written about the cooperative nature of Valley culture, and Airbnb itself was an outgrowth of the idealistic “couch surfing” movement. As with any online community, well-meaning early adopters arrive first, and if all goes well, a culture of respect evolves that keeps behavior within relatively civilized boundaries. The trouble comes when a site becomes wildly successful, going from 1,000 closed beta members to 1,000,000 users. As it grows, any service will come to resemble a diverse cross-section of the general population, with the full range of human misconduct represented.
Read More... »
It’s impossible to capture all of the ideas, experiences, people, products, pitches, events of such a huge, intense event in one blog post. A few thoughts and resources to cut through the chatter:
Read More... »