I'd like to note that this blog just had its first birthday. The inaugural post was made on October 5, 2004.

I got the idea for the blog while driving to a meeting with a VC firm in Austin. My partner and I were stopped at the light at 5th and Lamar and noticed the new Vespa store. We talked about Paul Graham's What the Bubble Got Right essay and decided that the hangover was starting to fade.

Exactly one year to the day after that initial post, I found myself in San Francisco at a $2,800 conference on "Web 2.0" where the hotel ballrooms were literally standing room only. Mary Meeker was there. So was Henry Blodgett. And so were at least two dozen venture capitalists, including, I might add, one from the firm that we had pitched—unsuccessfully—a year earlier.