west1737
Joined 16 years ago
Joined 16 years ago
I don't know much about how VCs structure their portfolios, but recognizing a need in the market and betting on a badass team seems like a pretty solid strategy to me.
As for me, I'm happy for them. I hope they succeed. I hope them and their investors make a ton of money and it encourages other teams to build more awesome products.
I have no experience, so I can't say who's right or wrong. I just think it's sad that these type of arguments have given some drugs so much of a stigma that it set back medical research in this area for 40+ years.
But the thing that makes the SF area great for startups is the proximity (and thus density) of startups and tech in general. While long-distance networking has come a long way, it's still no replacement. If NYC's goal is to build a stronger tech community, I think they're better off building their own East Coast tech culture vs. trying to import a culture from SF.
Disclosure: as a Cornell grad, I'm definitely biased and psyched about it getting more involved in supporting a tech community (a $350M donation didn't hurt either)
The worse part isn't that it preys on startups, it's that it prays on startups and new entrepreneurs that aren't plugged into the HN/SV scene (I was looking at angel groups in TX).
I don't think that a nominal fee (~$10 - $20) is necessarily a bad thing (but really, why bother?), but anything on the order of $100 or more is too much for a startup to be spending on that type of thing- a definite red flag. What investor would want to invest in a startup that spends all of its money looking for financing rather than creating a great product/service?
Also, when a store puts their own barcode over one, I generally don't feel any guilt about peeling it back a little and scanning the original.
On the flip side, SAP revolutionized business software and as a consequence, business organization. That's pretty interesting too. I know which side I would come down on, but simplifying the debate to profit margin misses the point by a wide margin.
That being said, I hate the new Google Reader. I used it primarily as sharing tool, and the new sharing makes that more difficult. I think two fixes would make this better:
1) Being able to share easily with different circles. While I might be okay sharing publicly something interesting, there are plenty of less-than-appropriate funny articles that I only want to share with a few friends. This is one of the strengths of Google+, and it'd be great if Reader could take advantage of this.
2) Being able to see shared articles from other people. I understand they want to increase traffic to Google+, but this was always a great feature of Reader. In effect, each friend that used reader became their own feed. It'd be great to still have this feature and even though you're decreasing traffic to plus.google.com, you'd be increasing the overall use of Google+