links for 2010-10-22

  • According to a survey released by the Internet privacy company TRUSTe, 10 percent of parents admitted they secretly logged in to their kids' Facebook accounts. Out of the 1,000 parents included in the survey, 72 percent said they monitored their kids' activity online. Eighty-five percent said they checked out their kids' Facebook pages at least once a week. Fran Maier, president of TRUSTe, said the survey shows that parents are trying to find a happy medium between protecting their kids and trusting them to develop their own relationships online.
  • Anyone who works in the venture business or frankly just lives in Silicon Valley will be used to hearing a buzz word rise up out of nowhere to capture the technology zeitgeist and find its way into every entrepreneur’s product development plan or every aspiring entrepreneur’s pitch deck. I call this “the puck at your feet” because it’s not where the industry is heading but rather where the industry is today. By the time you launch your buzz word feature we’ll be on to the next fad and everybody will be offering your buzz product so it won’t be differentiated. As an entrepreneur you need to think about where the puck is going.
  • As a seed-stage investor, First Round Capital typically funds powerpoints. Not only are the majority of our investments pre-revenue, but most of the time we are investing in pre-launch companies. While these companies might have an alpha/beta version of their site, it's usually early enough that we can’t base our investment decision off of any market traction. Instead, we typically make our investment decisions based on three key areas: the size of the market, the strength of the team, and the product vision. This is often made even more difficult by the fact that we know that many of the businesses we fund end up with (one or more) pivots — since their business plan is always wrong.

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