“It leads to the ABYSS”
Good reads by ReadWrite Editor-in-Chief regarding the state of Silicon Valley, seeing as how some companies aren’t doing so well. There’s a lot of food for thought when thinking about your own tech startup ecosystem, and how funding and culture come together, and sometimes determine the success of companies in rather intangible ways.
There’s also no “Listen” segment today as I just hadn’t the time to listen to new music. But I’ve been listening to lots of good music while commuting, so I think I share those soon.
On to the Curated Day!
ReadWrite Editor-in-Chief, Dan Lyons, lays the smackdown on the state of investments in Silicon Valley. Too sum it up, with too much focus on ‘social’ ideas and everyone trying to be the “next-insert Facebook equivalent here”, funding is going to be played closer to the chest from here on end.
Then Facebook went splat and Zynga went splat and Groupon went splat and now VCs are pulling back and nobody can raise money and all those people who claimed there was no bubble are reporting that guess what, something like 2,000 lame-ass companies are going to flame out, but this just means that things are coming back to normal and isn’t it great that the frothy times are over?
But if that’s the case, doesn’t it mean that we were in fact in a bubble back when all those blogs were saying there was no bubble? Apparently the answer is, No, that wasn’t a bubble. That was just frothy.
I’m sorry but the whole thing is hilarious. Or sad. I can’t decide which.
A good follow up to the previous link, again by Dan Lyons. It’s a good case study of what’s been working out for Box (Box.net), and not so much the idea of box, but the game it’s changing. The company invested early in cloud tech, and is now reaping the benefits as the enterprise industry is ready to make those big changes in cloud infrastructure. Also, enterprise customers are more mature and when they buy something, they aren’t flippant like us regular ‘ol consumers.
Five years ago, Levie figured out that the enterprise ultimately would be a better market than consumer products. He focused Box entirely on the enterprise. Back in 2007, that might have seemed like a crazy thing to do. Facebook and Twitter were the hot new things. All the so-called smart money in the valley was chasing consumer stuff.
Features Ghostly International Owner, Sam Valenti IV, Label Manager, Jeff Owens and Ghostly International and Spectral Sound Artists, Kate Simko, Todd Osborne and Scott Hanson. Pleasant glimpse into what goes on behind the scenes.