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Tuesday, December 14, 2010

Venture Summit Silicon Valley 2010 - summary part1 #alwayson #daily notes

@TimDraper
The world needs free markets.
Become an entrepreneur because private sector is doing a better job
then any public.

VC boom is starting again. (Cycle)
Technology innovation continuos to grow exponentialy.
VC future trends: Global, networked, clean, liquid
IPOs coming back
Many good deals don't get funding

Revolutions change existing business models and invent new ones, like:
-Amazon - book store
-Hotmail - post office
-Google - broadcaster
-Skype - telephone

Entrepreneurs are heros, they
-Create jobs
-Make our lifes better
-Take risks


#VC titans - panel
@timDraper - draper fisher
@toddChaffee - institutional ventur partner (twitter, zynga)
@johnSimon - general catalyst partners
Later stage is over heated and seed has a hard time right now.
Invest in teams and disruptive models insted of sectors
Look for monopolies because they get lazy and find disruptive models
(examples: finance industry, databases like oracle, transportation,
education)

#Closing the capital gap - panel
Are angels and seed funds more attractive then VCs?
Robert ackerman
Howard hartenbaum
Nils johnson - angel (wepay,
Karl jacob - angel
There was a time Ron Conway was the only angel, today there is a
industry of angels or maybe an Angel bubble.
To grow a company you still need money.
Angels invest their own money and take high risks, VCs not.
Angels who get succesful become often VCs.
VCs ware suites and jackets, angels not (at least at this panel ;)
Airbnb - biggest hotel in the world without having a hotel

@joeSchoendorf - accel partner
990 open jobs are listed from all portfolio companies on accel
website, because of the bad education system in the US, they can't
find qualified talents.

#SAP business by design
Saas erp platform

#traditional exits vs alternatives liquidity - panel
SecondMarket sees a 10b dollar market next 3 years

--
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Thomas Hessler
CEO | Founder | Angel Investor

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