Archive for the ‘blog’ Category

The importance of investor signaling in venture pricing

Monday, March 15th, 2010

Hunch’s Chris Dixon (abbreviated):

Don’t take seed money from big VCs – It doesn’t matter if the big VC invests under a different name or merely provides space and mentoring.

– Don’t try to be clever and get an auction going (and don’t shop your term sheet).

– Don’t be perceived as being “on the market” too long.

– If you get a great investor to lead a follow-on round, expect your existing investors to want to invest pro-rata or more, even if they previously indicated otherwise.

Read the full post.

iPad, The Day After

Thursday, January 28th, 2010

Now that the dust has settled after Apple’s big “smartbook” iPad show-and-tell, I’ve had a little time to reflect on what we all saw and read the praise or scorn across a “few” sites.

My incorrect assumptions

I was expecting an inwardly facing camera, but I also assumed the iPad would run iChat (which it doesn’t, just like the iPod touch and iPhone).  Since there is no iChat, the iPad really isn’t first and foremost a communication device (iPhone) or horsepower machine (MacBook), so the camera isn’t really necessary. There is a “camera adapter” to plug in whatever camera you already have, and this likely syncs to iPhoto on your regular computer.  I would expect a camera to be added in future iterations, however, but only if Apple ever makes the iPhone OS capable of multi-tasking (which it absolutely must do).

My justifications for getting one… at least iteration 2

The iPad does intrigue me to use one on-the-go for movies, books, web, apps and some gaming.  This could be a very cool way to play chess with someone, or even larger versions of good iPhone games today (e.g. Fieldrunners, Spore, etc.) but a real directional pad will always destroy this iPad/iPod/iPhone consortium in certain genres.  Regardless, Sony and Nintendo’s current lineup feels quite dated.

Additionally, lugging a 5-pound MacBook onto a plane isn’t ideal, especially when the dude sitting in front of me eases his seat all the way back to where I can’t even open my laptop properly, let alone type.  I can see myself getting one of these, and slipping it into a larger real-wood bamboo case some day.

I currently see the iPad as a very “nice to have” device, where watching a movie or reading an eBbook or getting online is made a lot less cumbersome in many situations, and actually enhances the experience in many others.  I think all iPod/iPhone users were collectively, if not subconsciously, blown away the first time they went from landscape mode to portrait in mobile-Safari, double-tapped to zoom in, and read their favorite site (sans Flash, which was a hit, but which also meant sans most annoying ads).

Which other consumers might also want one of these?

I helped my Dad buy a $600 Dell laptop over the holidays.  He’s 70 years old and basically just wants to be online.  He doesn’t use his DVD player or his webcam, and barely uses the laptop’s processor.  The only time the computer seems to really work is when the machine boots.  Frankly, the iPad would have been a much better experience for him than Windows 7.  He doesn’t need to worry about how to use anything; press 1 button to launch Safari, adjust the font size, read the paper, or his Hotmail, or a book, etc.

I think, because of the relatively low price point, this could seriously disrupt the eBook and Netbook markets – over time. Sony, Amazon, HP, Dell – everyone is in the game.  However, Apple has the entire integrated package across multiple media, not just the hardware solution nor the single application.

“Don’t forget your history nor your destiny” – Bob Marley

We won’t fully recognize the industry impact until a few years from now.  The key to iPad’s success in this new market is its complete and utter integration into the entire Apple suite of products.  Google is scratching the surface of this right now with Android, and it is baffling how absent Microsoft is, and virtually irrelevant.

When you first saw the original iPod back in 2001, where you completely blown away?  Did you consider its potential long-term impact back then?  I didn’t.  It looked a lot like an old Gameboy, and “only played music.”  There were a lot of other MP3 players on the market when it was first released.  But the iPod was 10X easier to use and it stood out design-wise from the pack.  It made buying MP3s less painful via iTunes, and it ultimately single-handedly changed the music industry that was flailing (in vain) at dealing with illegal downloading.  Illegal downloading still goes on to this day, but Apple created a new model for everyone to embrace, and ultimately earn serious revenues.  Over time, the iPod also became a status symbol; it was cool to have white earbuds leading from your ears to your pocket.

250 Million iPods later …

Obligatory pining

Oh! For a 3rd-party Pen Device to let me digitally paint on the tablet in fine detail (like Wacom’s Cintiq 12WX), and actually store the files somewhere… or maybe I can?  If I can run iWork on the iPad, where do the files go?  Is there a rudimentary file system that is viewable with the naked eye, unlike current iPods/iPhones?  Or is iWork going to the cloud/MobileMe ether?

Yes, I want multi-tasking with 3rd-party apps.  I want to store and save files (even if it is in the cloud).  These all strike me as iteration 2 offerings, and is why, for now, I’m going to wait.  But I’m excited about where this is going, and how computing is evolving.

The inauguration’s paper of record

Wednesday, January 21st, 2009

I got up at 5am this morning to get a New York Times to commemorate the inauguration of President Barack Hussein Obama. I filled my pockets with quarters, threw on my coat, and stumbled into my car.

First, I went to my local newspaper machines about 2 blocks away outside Fat Apples restaurant.  There is a row of about 8 newspaper machines there.  Empty!  Only the SF Chronicle and USA Today machines were full (I got one of each).  I knew that couldn’t be right, though.  Why would all of the New York Times machines be empty?

I flew to the BART train station about 3 more blocks away feeling confused and a little nervous.  The newspaper stand at the station wasn’t even open yet.  His windows were shuttered and quiet.  No papers bound in twine were waiting for the clerk’s arrival.  And, all of the rows of newspaper machines around the corner were empty again, too (except for the Chronicle, which I already had).  Incredulous, I started to curse the guy who came before me and stole my right to history!

Next, Starbucks across the street.  Thankfully, I found puffy faced and bleary eyed human beings there where I learned that the New York Times had NEVER been delivered that morning.  “When do they usually get here?”  “About an hour ago,” the barista said. “They never showed up.”


There must have been an issue with the entire south El Cerrito delivery, I thought.  I bought a cup of coffee to help sharpen my focus.  After pacing around the parking lot, I got in my car.  After making sure the Lucky’s grocery store across the parking lot was also bare, I drove a couple of miles to nearby Berkeley and spotted a 7-Eleven.   The store emitted a warm, comforting glow.

There, in stacks as high as you might imagine stacks of money in a bank vault, sat fresh copies of the NY Times in all of their glory.

I took a deep breath, and picked up a single copy.   Even though I now knew that there hadn’t been some Ebay jerk vacuuming up all of the papers in my neighborhood, I didn’t want to deny someone else the same feeling I had at that moment.

I restrained myself to one, and went home.

Death and Rebirth of a blog

Wednesday, September 12th, 2007

My old blog is dead.So it goes.Every old post, link, image and snippet – gone.So it goes.Painfully, they appear to be completely gone.  I’ll try to repost some of the tutorials that were so popular in the very near future (e.g. Maya Eyes).


Saturday, August 18th, 2007

I am in the process of updating  Please check back soon.