The New Eyeballs
If you're like me, you probably were right in the middle of all the madness during the dot.bomb days. It was difficult as an entrepreneur back then to sit still while companies were getting mega funding for completely trivial ideas (anyone need some dog food delivered?).
Of course, it only served me the better. Post.bomb, I managed to walk away without injury and could demand higher rates simply because I actually knew what the heck I was doing. I still would have taken the millions, mind you.
Lately, it feels like redemption is near. 9 years ago, I knew about 1/2 of what I needed to know and 1/4 of the people I needed to know. Today, I get what was missing then. Web 2.0 - I like the concept for many reasons. Perhaps my favorite, however, is it's also the next generation of me.
I smiled when I saw this yesterday (thanks Charlie):
"The focus on "eyeballs" sounds like 1990's bubble investing, but the difference is that bubble investors valued eyeballs no matter how expensively they were acquired (since capital was free). We are looking for organic growth--the kind that's easy even bubble-scarred for VC's to mentally extrapolate into a large capital-efficient business."
I smiled because I'm hopeful that it means this time, the right things will see the light of day.