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Month: December 2018

We wanted flying cars, instead we got 140 characters. But who are those characters…

We wanted flying cars, instead we got 140 characters. But who are those characters…

Peter Thiel, Photo: Wikipedia

As we know, it was Peter Thiel who said it, and now it seems that at long last, we may well be on the verge of seeing flying cars. Or at least driverless hover-taxis will be taking off next year in Singapore. That could be a start. When we saw this article, we were reminded of Thiel’s quote and since we’re approaching the year’s end, when people and publications typically do their wrap-up “Best ofs,” “Worst ofs,” or “Top Ten Something or Others” lists, we decided that instead, it’s about time that someone attempted to identify those 140 characters that we’ve heard mentioned all this time.

Since we’ve personally been in the industry since the early days of Web 1.0 in New York and spent a considerable amount of time in Silicon Valley as well, we’ve decided to take it upon ourselves to do just that. Over the years, we’ve seen people and companies come and go. Some were bad timing. Many were simply bad ideas. Some were acquired for unbelievable amounts of money, only to disappear forever, leaving the then suddenly wealthy founders looking like geniuses. It was the Wild West, all right, and for the most part, a matter of too much money being thrown at too much youth and inexperience in those heady days of Web 1.0.

There were also the true innovators who created platforms and software and devices that forged an entirely new industry. You may not be familiar with their names, but their contributions should never be forgotten. Read More...

What’s the #1 Criteria for Success in the Startup World?

What’s the #1 Criteria for Success in the Startup World?

When he spoke at our  investor breakfast a couple of months back, New York Angels chairman Brian Cohen said that Bill Gross, founder of idealab, a startup studio and arguably the prototype for tech accelerators, asked what was the one criteria that mattered most in a successful exit of a company. Was it the amount of money they raised? Or was it smart leaders that mattered. After all the research that he had done at idealabs, Gross concluded that it was timing that was the #1 criteria for success. Timing, meaning when you went to market – think Six Degrees, the first social network in the Web 1.0 days, v Facebook.

It’s all about timing. Read More...

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