The Future of Money. Silicon Valley Bubble? Want to Raise Venture Capital More Easily? Clean Up Your Own Shi. Clean up your own shite.
Ok. I know that the tone of the title and post will seem a bit aggressive for a post from a venture capitalist on fund raising. It’s meant to be a bit provocative but the reality is that I give this advice to entrepreneurs all the the time and I usually leave the “e” off of the end. I learned all of this myself on your side of the table raising money at my first company. I normally offer this advice in the capacity of really wanting to help entrepreneurs so please bear with me. The Collapse of Complex Business Models. I gave a talk last year to a group of TV executives gathered for an annual conference.
From the Q&A after, it was clear that for them, the question wasn’t whether the internet was going to alter their business, but about the mode and tempo of that alteration. Against that background, though, they were worried about a much more practical matter: When, they asked, would online video generate enough money to cover their current costs? That kind of question comes up a lot. It’s a tough one to answer, not just because the answer is unlikely to make anybody happy, but because the premise is more important than the question itself. There are two essential bits of background here.