i love this commercial.  it takes apple head on; it’s young; it’s subversive … and it calls out all the deficiencies of the iphone.  good work verizon.

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thegongshow:

Redeye VC: Company Math vs VC Math
Great Post… plus this quote is terrific:
“it’s even more scary when you look at it from a micro/fund perspective.  Take a $400M venture fund.  In order to get a 20% return in 6 years, they need to triple the fund — or return $1.2B.  Add in fees/carry and you now have to return $1.5B.  Assuming that the fund owns 20% of their portfolio companies on exit, they need to create $7.5B of market value.  So assume that one VC invested in Skype, Myspace and Youtube in the same fund - they would be just halfway to their goal.  Seriously?  A decade ago, any one of those deals would have been (and should have been) a fundmaker!”

thegongshow:

Redeye VC: Company Math vs VC Math

Great Post… plus this quote is terrific:

“it’s even more scary when you look at it from a micro/fund perspective.  Take a $400M venture fund.  In order to get a 20% return in 6 years, they need to triple the fund — or return $1.2B.  Add in fees/carry and you now have to return $1.5B.  Assuming that the fund owns 20% of their portfolio companies on exit, they need to create $7.5B of market value.  So assume that one VC invested in Skype, Myspace and Youtube in the same fund - they would be just halfway to their goal.  Seriously?  A decade ago, any one of those deals would have been (and should have been) a fundmaker!”
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hahahahaha

hahahahaha

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daryn:
Paul Buchheit: “Limited Life Experience + Overgeneralization = ADVICE”. Too true…

daryn:

Paul Buchheit: “Limited Life Experience + Overgeneralization = ADVICE”. Too true…
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thegongshow:


I often undervalue marketing when looking at startups.  I think the best marketing bang for the buck startups can do is A) customer service and B) product development that delights.
But, then I see companies killing it via savvy marketing, like LifeLock, and I realize that there’s a bunch of value in marketing which I don’t know how to quantify/value.
I think this latest XKCD comic does a good job of capturing the (sometimes unfounded) skepticism of marketing that most techie geeks have.


I’ve gotta say - while I’m at a loss for what my marketing class is supposed to teach me, I am getting a sense that really good marketing, really good segment identification, etc is actually quite useful (and difficult).
It requires (from what I’ve experienced so far) a blend of creativity, instinct, experience, and quant skills that seems to be unique in the business world.  In fact, I feel like a convert in some ways, as I used to think that good software and good customer service always wins out — now I think user acquisition strategies, branding, etc. are key parts of a startup - and founders should know how to use these tools to promote their products.

thegongshow:

I often undervalue marketing when looking at startups.  I think the best marketing bang for the buck startups can do is A) customer service and B) product development that delights.

But, then I see companies killing it via savvy marketing, like LifeLock, and I realize that there’s a bunch of value in marketing which I don’t know how to quantify/value.

I think this latest XKCD comic does a good job of capturing the (sometimes unfounded) skepticism of marketing that most techie geeks have.

I’ve gotta say - while I’m at a loss for what my marketing class is supposed to teach me, I am getting a sense that really good marketing, really good segment identification, etc is actually quite useful (and difficult).

It requires (from what I’ve experienced so far) a blend of creativity, instinct, experience, and quant skills that seems to be unique in the business world. In fact, I feel like a convert in some ways, as I used to think that good software and good customer service always wins out — now I think user acquisition strategies, branding, etc. are key parts of a startup - and founders should know how to use these tools to promote their products.

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