Thoughts on startups by investors that
fund them & entrepreneurs that run them

Blog Archives

How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs

Last month, the SEC announced it was taking action regarding Netflix’ (NFLX) securities compliance based on a Facebook status update posted by CEO Reed Hastings.  The move came as a shock to many in the tech business community, in which we’ve become accustomed to real-time disclosure by company executives through social media.  What could be wrong with more transparency?

To

Read more >

Second-Class Investor Citizens: Facebook’s IPO and Dual-Class Equity Structures

Dual-class voting structures are receiving a lot of attention these days along with intense publicity related to the Facebook IPO, following in the wake of other recent tech IPOs with a similar structure such as Zynga and LinkedIn.  This is nothing new; long favored by family-controlled media empires such as Rupert Murdoch’s News Corporation, among Internet firms alone, Google took

Read more >

Disruption vs. Revenue Quandary and the Tech Bubble

Posted by on May 1st, 2012

I remember the first tech bubble well. True story: In 1998, one prominent online vendor – long since dead, by the way – was selling my company’s product for $66 when the distributor price was $76. Also true: In 2000, a would-be acquirer flirted with buying Palo Alto Software for its web traffic, but wanted to leave out our $5

Read more >

Warning: Half a Truth is Three Times a Lie

Entrepreneurs: think of yourself in a pitch situation. You’re talking to a small collection of people you don’t know. They’re taking notes. You’re talking and showing slides from your pitch deck.

I think you assume that on any subject you cover, there is at least one person sitting quietly watching you who knows a whole lot about that subject.

Read more >