Wednesday, March 29, 2006
Tuesday, March 28, 2006
Those who cannot learn from history are doomed to repeat it.
Saturday, March 25, 2006
- You don't need VC diesel to get your motor running.
- You can actually charge money for valuable services.
- You don't need mainstream tech to make a dent.
- You don't need to live in San Francisco to make it big.
- You don't need a swarm of worker bees to take off.
- Everybody else is starting a company.
- Your competition just got funded too.
- Talent is scarce again.
- You can't operate in obscurity anymore.
- Web 2.0 isn't all that.
- There's too much going on.
Wednesday, March 22, 2006
I haven't seen Brad since the last bubble. Welcome back, Inspector Gadget!
Monday, March 20, 2006
It's Not Web 2.0, It's The Next Net: "One particular quote that resonated well with everyone and has already started making its way around the Next Net world (in fact, it was just used by Adam Gross in a presentation he gave at the O'Reilly Etech Conference) was Bill Burnham's triple 'A' business model:
It's the triple 'A' business model: AJAX, Adsense and Arrogance."Despite the fact that essentially everyone in the room had embraced AJAX and many of the folks in the room had also incorporated Adsense in some way or other, everyone went out of their way to make clear that their businesses were in no way defined by the Double 'A,' let alone the Triple 'A.'" —VentureBlog
Friday, March 17, 2006
I'm just noting this so one day we can look back and reminisce. Whether it's "Remember when Google only spent $130M in a whole year?" or "Remember when Google could afford to buy things willy-nilly?" remains to be seen.
Thursday, March 16, 2006
This is going to end badly.
It wasn't so long ago that Six Apart was charging their customers 38 cents for their product. At that rate, they would have needed 31,578,947 customers to raise $12M. I assume their VC round was easier than that.
Does this mean that every other podcast will be four hours of hosts begging for money?
Wednesday, March 15, 2006
Monday, March 13, 2006
I don't get it when VC's bemoan bubbles. Dude, bubbles are where you make the real money. Just watch that timing.
The smart money is on AJAXian spell check and mail merge utilities, recipe management systems, and Solitaire.
Dude, scrabbleplayer.com is totally available!
Ever since I drank the Kool-Aid last year at the Web 2.0 conference I haven't posted much about the downside of the housing bubble, but this is important. I have nothing clever to add.
Saturday, March 11, 2006
The goodwill resulted from our acquiring strategic companies when valuations were high.'However, while we purchased highly valued shares, we were also in effect exchanging our highly valued shares at the same time so that none of the transactions resulting in the creation of large goodwill amounts resulted from a corresponding outlay of our cash. Had these transactions been done at different times when valuations were lower with exactly the same share exchange ratios, the goodwill amounts would have been considerably smaller. However, waiting for lower valuations may have reduced their strategic value or otherwise have allowed competitors to buy these companies thereby, eliminating an opportunity to strengthen JDS Uniphase.
"JDSU was $138 on 3/10/00 (adjusted for stock splits) and closed at $3.80 yesterday, almost triple its 52 week low of $1.32." —footnoted.org
We won't have achieved true bubbleness until a company once again spends $40 billion on acquisitions. Which will later be written off as "goodwill". (Thanks again to Valerie Thompson for the pointer.)
Friday, March 10, 2006
Maybe I should code up an AJAX mailmerge.
Thursday, March 09, 2006
I'd rather be cool like Warren Buffett than cool like Tim O'Reilly.