Changing the VC world
Dave Winer has an interesting proposal on how to change the VC world.
I posted a comment pointing to Brad DeGraf’s Media Venture Collective - which is a non-profit fund - helping out worthy causes.
But Dave’s proposal hits at the heart of the problem - without on-going funding for pure research we’re stuck in this hits driven cycle of boom-bust. ‘Cause sure as we are sitting here today - Web 2.0 will crash.
Yahoo is being smart with their purchases - but there’s no stopping Fox or Viacom or Virgin from bidding up the price for the next Flickr, Upcoming or Memeorandum. Many many of our ideas take a long time to gestate and evolve through stages.
If you’re relying upon outsouring to build these systems than maybe you can afford to stay alive, but paying the prices it takes to hire folks here in the states and the UK - it’s just about impossible to sustain the war of attrition until one evolves through the early adopter stage to mainstream acceptance.
The learning curves of this disruptive stuff is just too steep. It took Directror/Flash 15 years before it matured.
So right on to Dave - I just wonder whether Rick Segal will take the job. He seems too mellow and Canadian to me to roll up his sleeves and giht thei fight. But who knows - crazier things have happened!
A VC fund should have no business funding “pure research”… find another organization for funding. VCs are only thinking ROI… pure research has ROI but not in terms of mid-term capital…
Kevin
A VC fund should have no business funding “pure research”… find another organization for funding. VCs are only thinking ROI… pure research has ROI but not in terms of mid-term capital…
Kevin
A VC fund should have no business funding “pure research”… find another organization for funding. VCs are only thinking ROI… pure research has ROI but not in terms of mid-term capital…
Kevin
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I’m love this great website. Many thanks guy
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