links for 2009-05-15

  • That's how one of the many CEOs that contact me recently described his colleagues who submit to Venture Capital (VC).
    This alternatively funded CEO describes other CEO’s that seek VC funding as idiots – with a 1 in a 1000 shot at a lousy valuation (52% Round A, 25% Round B and 15% Round C). He continues that many of the serial entrepreneurs trumpeted by VC’s have no money themselves despite “successful” previous exits.
    He is not alone about the ineffectiveness of Venture Capital, I frequently hear from other successful entrepreneurs about it. And the situation may get worse before it gets better. The economy is offering VCs even more excuses to turn the screws, and control of companies is gained in more ways than a simple equity stake.
  • Often when an online start-up's revenue model is unclear to some or most people, the immediate assumption is that the answer must be corporate licenses or professional accounts. This has been the discussion around Twitter for some time and now I've been reading the same speculation about Bit.ly in a bunch of places speculation about Bit.ly as well.
    (tags: google Twitter)

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