| Oh golly, a PermaBear blog. That's going to be upbeat now isn't it? The trouble with Eeyore's and Chicken Little's is they are always right. That is they become right if you wait long enough and then they are only right for a short time. That brief window is when they perk up all happy and smiling and point out, "Hey, you should've listened, I was right." Never mind the opportunity cost of waiting for the right timing. It's a good thing the stock market charges interest on a short position so that there is a cost to not being right NOW. With that aside, the Consumer Internet focus has resulted in tremendously less innovation in recent years. I've worked for 6 VC funded startups including 3 I founded. Not one of them could be funded today because they were all started with a slide show and a team. The VC's of today want a product, happy customers, and even momentum before they put much in. It's literally harder to do much within that window. See my post: http://smoothspan.wordpress.com/2012/09/13/you-cant-do-crp-w... OTOH, it is possible to bootstrap like never before. Maybe there's innovation to be had there. And there is talk of the VC's going back to Enterprise. We'll see if anything big gets built or if they focus on the consumerization of IT (aka more Consumer Internet sold B2B). |