2015 Predictions

fluxcapacitor2015 will be the year when nothing happened, says renowned blogger Bob Cringely.  I agree in that I don’t think there will be any new hardware platforms.  This could be a year of new content and types of content, though.  Innovative new apps and use-cases will probably crop up for smartwatches, television set-top boxes, and virtual reality.  People also tend to re-consider previous ideas when nothing happens.  Better cryptocurrency seems inevitable.  People could come to their senses about the sharing economy nonsense.  There could also be a mass exodus from Silicon Valley.  Here’s my predictions for 2015. Continue reading

Goldbely Celebrates America’s Best Foods

goldbelyGoldbely is a celebration of America’s most delicious and regionally famous gourmet foods.  A team of food explorers personally selects every item offered, making these great eats available to buyers all across the country.  Goldbely has plenty of variety for every taste.  Sweets, meats, seafood, and snacks are all available.  There’s also entire sections of barbeque, deli items, and chocolate.  Shipping of orders is directly from food purveyors, often with overnight delivery.  Many items include free shipping.  Make your holidays more festive by bringing great food to the party.  Try Goldbely now and get $15 off your first order of $40 or more by using referral code “YCUNIVERSE” at checkout. Continue reading

The Startup’s Dedicated Accounting Computer

accountingCS183B: How to Start a Startup is a Stanford class being taught this quarter by YC’s Sam Altman.  I sat in on one of the classes and watched the lectures on YouTube.  CS183B has me asking myself what I might suggest for anybody working on their first startup.  One idea I’ve seen that consistently works is a dedicated accounting computer.  Anybody with any business experience knows you need some system of bookkeeping. But 183B is a CS class and I’ve seen many startups just getting started that lack any system of accounting.  The founders of those startups don’t know much about the company’s income, can’t explain where money is being spent, and then wonder why the startup isn’t succeeding.  A dedicated accounting computer is worth mentioning for both practical and psychological purposes. Continue reading

Startup.com Is A Dot-Com Era Case Study

startupdotcom_posterStartup.com is a documentary from 2001 that serves as a case study from the dot-com era.  govWorks had the plan to make money by collecting municipal fees like parking tickets online on behalf of local governments.  In 1998, that was an exciting new idea.  Over the next three years, govWorks would grow to more than 250 employees, a burn-rate of $1 million dollars per month, and finally file for bankruptcy.  Several venture capitalists recently sounded the alarm of current startup spending as “unprecedented since ’99”.  So its timely now to look back on Startup.com for lessons learned from the dot-com boom.  Like my book review of Venture Deals, this post represents an expansion in scope on this blog to include matters that draw on my own knowledge and experience of what I think is broadly relevant to people interested in startups. Continue reading

Venture Deals Explains Modern Venture Capital

venturedealsVenture Deals is a book that explains the journey of modern deal flow from fundraising through acquisition.  Practical matters like the different players in a deal and their motivations are discussed.  Term sheets and capitalization tables are explained.  There’s also sections about financing issues and legal matters.  This book consistently ranks as Amazon.com’s #1 Bestseller about venture capital.  Venture Deals, by TechStars co-founder Brad Feld and Foundry Group co-founder Jason Mendelson, is the book I recommend for anybody interested in venture capital.  Every founder needs to read this book before seeking investors or applying for funding. Continue reading

Airbnb Is A Fad

airbnbAirbnb is an easily reproducible marketplace that would have competition by now if its business were completely legal.  Competition means hosts would list on multiple services, driving down listing costs and Airbnb’s profitability.  The share economy company recently announced its new brand image.  The company has also launched a new Airbnb NYC website to argue after-the-fact that its service should be legal.  Here is a company that’s raised so much money at such high valuations that its only option for investors is an increasingly unlikely public offering.  I have my own opinion about a failed plan to take Airbnb public.  Airbnb may end up being just a fad. Continue reading