This Thursday I took part in the first installment of VentureWeek, a new podcast about technology and venture capital. The show is hosted by Eric Olson who writes about the venture world at The Wanna Be Venture Capitalist. The cast of characters on hand for Venture Week were myself, Dick Costolo, Brad Feld, JB Holston, Dave Sifry and David Cowan.
The discussion of the maiden VentureWeek show was around Web 2.0, so needless to say, there was some discussion of my recent Bubble 2.0 VentureBlog post. In that discussion I joked that there has been so much back and forth about Bubble 2.0 that I would have to write a response to my own post -- the ultimate in the blogging echo-chamber effect. But rather than write a response, I decided to record a podcast in response. So here it is. I hope you enjoy it.
David, I enjoyed hearing your comments about aiming for the acqusition by building a feature or other short-term item. I just returned from speaking to groups in Norway, Seattle and Birmingham where too many first-timers thought they were too tiny to try for the IPO. My response is simple: If you aim for only the bronze medal instead of the gold, guess what you are most likely to end up holding? In other words, they did not build an idea into an unfair competitive advantage. Keep up the insightful thinking.
JOHN NESHEIM
Author of High Tech Start Up and The Power of Unfair Advantage
Professor of Entrepreneurship for Cornell University.
Posted by: John Nesheim | November 03, 2005 at 10:39 AM