Can’t help myself and chime in on this web 2.0 is dead thing. (joining the illustrious rank of Conway, Wilson, Sequoia, Patricof, and Benchmark.) Here is the deal, it sucks for us all - from one end of the spectrum to the other -> being laid off or pushing out our horizon on getting super rich. But in the end, its a good thing.
I was getting bored rather quickly the last 6 month and thus blogging less and less. But this recession thing is rather stimulating. I was tired of all the in-breeding that’s being going on for the last 18th month of so. But looks like its gonna stop soon . . .
In-breeding of ideas -> behavior targeted social ad network for in-MMOG rich media advertising (company name shall remain anonymous)
In-breeding of culture -> started with yelp parties, raised to the next level with digg mixers, and eventually jumped the shark with pownce launch orgies (oh and that cyprus video thing)
In-breeding of merit -> startup within a startup within a startup winning awards run by a wanna-be-celebrities judged be used-to-be-celebrities invested both by angels turned VC’s
In-breeding of entreprenuer -> serial entrepreneurship turned into parallel entrepreneurship turned into A.D.D. entrepreneurship
Burn it all down, the great ideas, strategies, and tactics will either continue to flourish, or someone will re-discover it a bit later. Its an acceptable loss. We all need a break to re-evaluate, re-charge, re-think . . . to really clear our head and come up with something original and valuable once again without the destructive group-think of the echo chamber.
In the mean time, I can always try to figure out how much longer I have to push out my retirement given the state of my 401K.





Hopefully, this downturn will wash out the fools in VC that thought this version of Hollywood we’ve been living in was in fact technology investing.
Comment by Albert — October 16, 2008 @ 1:57 pm
albert! welcome back
Comment by will — October 16, 2008 @ 9:34 pm