Catering Service Chewse Has Monumental Earnings Increase

While the consolidated Grubhub-Seamless element recently documented for an IPO a week ago, there are a cluster of cutting edge nourishment and cooking new companies that are meaning to settle supper conveyance.

Chewse is keeping tabs on the undertaking business. They handle a single click cooking for business settings all around Los Angeles and San Francisco. Their dinner requesting stage lets office supervisors rapidly pick and pay for dinners for a whole organization of individuals, if they are paleo, vegetarian, lactose bigoted, or you know, oversensitive to lima beans.

Began by Tracy Lawrence out of her apartment at USC, the organization has become repeating income by tenfold in the most recent six months. They recently passed 50,000 dinners and are developing 50 percent month-over-month. The entire dinner conveyance space has gotten to be progressively intense as of late with immediate to-customer models like Munchery and Doordash. At the same time Chewse is particularly concentrated on the business-to-business space.

TalentBin, Gozaik Bought Out By Monster

Beast Worldwide proclaimed today that it has gained Talentbin and Gozaik, two new businesses offering devices for enlisting on informal communities.

“The procurement of Talentbin and Gozaik finishes one key part of a bigger method intended to help our business develop,” said Monster CEO Sal Iannuzzi in the obtaining discharge.

The organization says that both arrangements shut throughout the first quarter of in the not so distant future, and that it will be imparting more items at its guru instructions on May 14.


Mark Zuckerberg, Facebook & The Internet

Envision individuals in creating nations thinking Facebook is the passage to the Internet. They might log into Facebook to gain access to email, Wikipedia pages, climate data, and sustenance costs. In the event that they needed extra administrations like the capability to stream motion picture, they can purchase it with a basic navigate Facebook.

That is Mark Zuckerberg’s vision for

At the Mobile World Congress on Monday, Zuckerberg outlined some of his arrangements for making headway with, the activity headed by Facebook to carry Internet connectivity to poor nations around the globe.

While Zuckerberg touted the philanthropic vision of his organization’s objective to associate the following one billion individuals, its vital to note that the task isn’t right for the sole purpose of carrying fundamental administrations to those that don’t have it, but instead carrying a huge number of extra eyeballs to Facebook and its promoters.

“[we are] making it with the goal that we can build the measure of up-offers to memberships when they’re utilizing these fundamental administrations,” Zuckerberg said in his keynote. “They will go to a connection that isn’t incorporated in the essential administrations bundle; a popup that says, alright in the event that you need to expend this, you need to purchase this information plan.”

Facebook is making a long haul guarantee to both information bearers and promoters Zuckerberg said the following one billion individuals to accomplish Internet access won’t be as well-off as those as of recently on Facebook, in this way making it harder to adapt the organization’s administrations. Zuckerberg said the interpersonal organization will sponsor Facebook, Messenger, and different administrations like climate or fundamental news and data, and after that give up-offers in requisitions to convey the entire bundle like a door drug. Those up-offers are the place transporters and Facebook profit.

“The motivation behind why they’re not on [the Internet] is they don’t know why they might need to get access to it,” Zuckerberg said. “[we will show] individuals why its objective and bravo to use the restricted cash that they have on the Internet.”

How Whatsapp Fits Into

Facebook as of late used $19 billion to get the versatile informing provision Whatsapp, a requisition Zuckerberg cases will be one of the few administrations to store up a billion clients later on. He guaranteed that, without anyone else present, Whatsapp is worth more than what the organization paid for it.

In creating nations like those is focusing on, numerous individuals depend on SMS correspondences because of an absence of information administrations. Whatsapp is as of now prevalent in numerous developing markets, incorporating those in South America and Asia where Facebook’s development was stagnating.

While blasting in fame, Whatsapp was confronting weight to adapt. It as of recently had a membership based plan of action, yet keeping in mind the end goal to handle the onrushing of clients, Whatsapp would’ve required to keep tabs on building out a plan of action. With the Facebook obtaining, Whatsapp was given the chance to center only on development without stressing over income models, since Facebook is taking care of everything.

The Next One Billion

“Joining the world” is Facebook’s vision—one that can’t be attained without the backing of different associations, including the six telecom organizations it collaborated with for the activity.

Zuckerberg said the association is searching for an extra three to five accomplices to carry ready for, that will wager huge that Facebook subsidies of social administrations will pay off by up-offering their information plans. In most immature nations, 2g and 3g information systems are as of now accessible; individuals simply don’t comprehend the quality of the Internet yet.

“One thing I think is not difficult to underestimate is that most individuals on the planet don’t have admittance to the Internet,” he said.

In place for Facebook’s technique to work, it will make Internet moderately competitive, and furnish motivating forces like free Facebook access—for individuals to utilize it. Less expensive base, simpler openness and up-offering extra information utilization will at last develop the organization into a worldwide Internet supplier.

A Facebook telephone may have fizzled in the U.s., however it may very well work in universal markets. By utilizing Facebook as an on-incline to the Internet, the following one billion individuals will utilize social logins to control different applications, as well as their whole Internet utilizat


A Settled 325 Million Dollars Was Lifted By DropBox!

Dropbox, the well known index space administration, has brought an alternate $325 million up in financing with the likelihood of boosting that sum to $450 million, as per a SEC documenting.

The most recent subsidizing round had been reputed for a couple of months, however the sum comes in at the higher close of the go that had been accounted for. One report a month ago said Dropbox was raising $250 million at a $10 billion valuation; an alternate report said the measure could be to the extent that $400 million.

Fortune reports got notification from an anonymous source that the aggregate sum brought up in the round to date is somewhat higher, at $350 million, still at a $10 billion valuation.

The subsidizing gives Dropbox more ammo as it goes up against new and created adversaries like Box, Amazon and Microsoft both as far as ability and advertising. Dropbox as of late reported arrangements to grow its office space, prescribing arrangements to increase its staff.

Dropbox formerly brought $250 million up in a Series B subsidizing adjust in 2011, which allegedly esteemed the organization at $4 billion. The five-year-old startup is one of a few tech organizations liable to open up to the world within a brief period of time.


The Samsung Galaxy S5 Will Arrive in April!

The Samsung Galaxy S5 cell phone will start on April 11 and area at a mixed bag of U.s. transporters, including At&t, T-Mobile, Verizon, Sprint and Metropcs. The telephone was initially uncovered at the Mobile World Congress occasion in Barcelona on Monday.

The organization’s recently reported accumulation of wearables — the Gear 2, Gear 2 Neo and Fit wristband tracker — will likewise be going to the same systems. Valuing for the items not yet been published.

The S5 will start in 150 nations in 16gb and 32gb.

The 5.1-inch apparatus has a 1920 x 1080 HD show with a quad-center 2.8ghz chip and runs on Android 4.4.2 Kitkat. Different fancy odds and ends incorporate an unique finger impression scanner, a heart rate sensor, a close field interchanges (NFC) sensor and Bluetooth

zuckmwc Sealed The Deal On What’s App

More than a couple of individuals were shocked when Facebook said it might pay $19 billion for informing application startup Whatsapp, however today Facebook CEO Mark Zuckerberg said that he accepted it was really worth more.

“Assuming that we can benefit work with Whatsapp [and] develop it, it will be a colossal business,” he said today throughout a keynote presentation at Mobile World Congress in Barcelona.

He additionally shed a touch of light on why Whatsapp, headed by prime supporter Jan Koum, got intrigued by a Facebook retreat — from every angle, a tie-up that Koum in 2012 guaranteed was not a way he might have needed to take: it was a result of, the Facebook-headed activity to carry web connectivity to creating economies.

“Why were we eager to do this together? It was the vision and how we can interface the world,” Zuckerberg said. While Koum and Whatsapp likewise appeared to have had the same humanitarian inspiration driving their reality correspondences mastery desire, it might have not been conceivable for them to execute on it as effectively as they will with Facebook.

“In the event that they finished this as a free organization they might have needed to keep tabs on how to construct the organization out, to scale it, yet now they can concentrate on how to join the one to two billion individuals.” He accentuated that Whatsapp might remain totally autonomous however have admittance to all of Facebook’s assets to develop.

Yet one thing that may not develop whenever soon is Facebook’s portfolio of obtained informing new businesses. Asked by somebody in the crowd if he might attempt again for Snapchat — an organization that Facebook evidently has attempted to obtain more than once — Zuckerberg at first totally blanked the inquiry. At that point, when questioner David Kirkpatrick carried it up a second time, he shed a touch a greater amount of a reply.

“Look, when you’ve barely purchased an organization for $16 billion (not checking the Rsus), chances are you are likely done with your acquisitions for some time,” Zuckerberg said.

“With you, I don’t have the foggiest idea,” Kirkpatrick replied.

Today Zuckerberg additionally laid out considerably more insight about how he sees the part of

The thought, he said, is to create an assembly of fundamental web benefits that might be for nothing out of pocket to utilize — “a 911 for the web.” These could be a long range interpersonal communication administration like Facebook, an informing administration, perhaps pursuit and different things like climate.

Furnishing a heap of these complimentary to clients will work like a passage pill of sorts — clients who may have the ability to manage the cost of information administrations and telephones nowadays simply don’t see the purpose of why they might pay for those information administrations. This might provide for them some setting for why they are essential, and that will lead them to paying for additional administrations like this — or thereabouts the trust goes.

“What they imagine for bearers is that it will be dependent upon them to choose what fundamental administrations could be free. Our model and what we’re attempting to raise is putting in an onramp is better for the web and their models. It’s something that we can work out and have a considerable measure of decision in,” he said.

Zuckerberg — who geeked out on particular references to how portable systems might be fabricated and the financials behind (there are three zones here, he said: the generally speaking foundation, diminishing the measure of information that is, no doubt utilized, expanding provision productively) — was clear in conceding that won’t be a lucrative try from the begin. At the same time he was likewise extremely hopeful.

“I can’t portray any model for the close term of how this might function for publicizing model…  I think we will lose cash on this for some time,” he noted. “Be that as it may we’ve been doing this for just a couple of months and individuals utilizing information within Philippines [where has banded together with Globe Telecom] has multiplied from that point forward…  From what we’ve seen and rate of change we’re greatly certain this will be gainful.”

On the proficiency of information administrations alone, he utilized the illustration of Facebook itself. A year back individuals utilized 14 megabytes for every day on Facebook, he said. Right away, with enhancements in packing on their versatile applications, that is currently down to 2 megabytes. The point is to cut that down to 1 megabyte one year from now. (Onavo and its information clamping innovation additionally becomes possibly the most important factor here.)

Zuckerberg was identifying with a room loaded with bearers and he knew it. For somebody who expertly helped lead his organization through raising money and an open offering, now he’s turning his regard for getting purchase in from another class of speculators: he’s searching for between three and five more telcos to convey national activi

Kim Dotcom Answers My Questions. The Backstory.

About a month ago, like any other person who follows the tech news cycle, I saw that Kim Dotcom— former Megaupload founder and entertainment industry public enemy number one— was gearing up to unleash a new music service called Baboom.

I figured anyone who could create something as massive and well-liked as Megaupload was probably onto something, and this was right around the time the much-hyped Beats Music streaming service was getting ready to launch, so I checked it out.

What I found, somewhat disappointingly, was that Baboom wasn’t fully up yet. The site was still in pre-beta. But what was there was the ability to download Kim Dotcom’s debut album Good Times.

Now of course the initial thinking when hearing that a German-Finnish hacker-cum-entrepreneur fighting RICO charges from the United States Department of Justice has made an album is, well, how could this record possibly be good? I mean, what are the odds of that? Turns out, they’re pretty damn good.

I downloaded Good Times with absolutely no expectations, but found myself almost instantly captivated by its cheerful and fun sound. Without much thought at all, I realized after a few days that I was listening to it a lot. Was this the best pop album I’d heard in a while? Potentially.

I scanned the Internet for articles about Kim Dotcom’s new LP and noticed that in the United States, not a single serious music outlet had published anything about it. If there was mention of it at all, it was a short blog post about Baboom and then a link to the record. Nothing else.

There were some reviews that came out of Europe, but they were mostly negative. It seemed like reviewers were writing off the record because music critics like to write off anything that sounds remotely accessible. They definitely don’t take well to people outside of the ‘serious’ music community making good music. That made me want to do this story even more. At a point, it was all I could think about.

So on a lark and without commitment of a media brand to publish a story, I sent an email to the address on Kim Dotcom’s twitter account, telling him a little about myself and how I was interested in interviewing him. At no point at all did I think that my email would be ignored. I’m sure that Kim gets a million emails a day, but I was pretty convinced he would see this one. I have no idea why; call it a hunch.

But just for posterity’s sake, after I sent the email, I tweeted at him to let him know I’d reached out, like I’m sure many people do. Low and behold, a friend of mine— Pep, a creative branding and marketing consultant, whom I know something like 10 years— saw the tweet, and sent me a direct message. He told me that he was actually already talking to the people behind Baboom, and that he could put me directly in touch with them. I told him what my ideas for an interview were, he reached out to the appropriate party, and just like that, it was game on.

I mention this part about Twitter because journalists often have this thing about secrecy on big stories, this idea that they shouldn’t let you know what they’re working on. When I worked full time in magazines, it was all about keeping the cover a secret. God forbid anyone find out what you’re doing! These days, awash in media everywhere, it’s the complete opposite. You almost have to let the cat out of the bag to get things done. It helps galvanize the community of friends and supporters that surround your brand, and finds people helping out when you least expect. You never know who’s watching. I love it.

Kim Dotcom agreed to an interview, but the problem was I still didn’t have a media outlet interested in the story. So I quickly made a list of 4-5 premium brands that would be potentially interested, and started firing off emails to editors.

Considering the fact that 60 Minutes ran a story on Kim in early January, and that the guy was basically untouchable, I thought editors would leap at the chance to get in on this. I mean, this is a guy who, two years ago, found his New Zealand mansion raided like an Al Quaeda compound over pirated movies, music and software. Why wouldn’t you want to talk to him? That’s a story!

But the state of media in the United States is, I dunno… not in a good place. Kim is vilified as this guy who was once behind a major piracy organization, and people didn’t really want to touch this thing. In my interview with him, he said that behind-the-scenes he’s been labeled as ‘toxic,’ and that’s the sense I got from talking to editors. Everyone was acting like they were 5-years-old. Like Kim Dotcom had ‘cooties.’

Well, everyone except Complex. I have to hand it to them. I gave them my pitch, and while everyone else was happy to tell me to fuck off, they were into this, and so they became my brand partner on presenting this story. I shouldn’t have been surprised. I have a long history of publishing hard-hitting journalism with Complex. It’s obvious why they’re winning. If you have a decent idea and at least some modicum of talent, they’re in. I’m extremely proud it’s published there.

A few days later, I hopped on Skype with Kim Dotcom. It was 3 AM in New Zealand, and he was settling in after a long day. We talked for about two hours and he was extremely forthcoming and chatty about pretty much anything that I wanted to ask him.

We talked about his music, about the N.S.A., about Google, censorship, the music industry, copyright law, the Department of Justice and the future of the Internet. I’m usually fairly reserved with praise— it’s easy to be impressed when you’re the one asking all the questions— but I definitely got the sense that Kim knows where things are going.

Read part 1 of my interview with Kim Dotcom at

If you like this please click “Recommend” below. Questions, comments, inquiries? Email me or call/message me directly at 917.470.7221

Listen to this story instead here.

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What I gained from working at Tumblr

December 2010

December 2010

Whew. Yahoo’s $1B acquisition of Tumblr has brought a lot of commentary, opinions and analysis out of the woodwork. It seems everyone has something to say about the event.

This will not be a top 5 list. I don’t have lists of top 5 things I’ve learned, or mistakes Tumblr made, or microbrews the engineers like. This is a meandering series of observations that I am trying to work out with myself — they’re lessons, yes, but they’re also the causes that effect me to view technology, product development and company culture as a petri dish of immense fascination.

It’s about being the only person to have worked at Yahoo, at Flickr and at Tumblr.

It’s seeing the ways that small actions can be a great force for right or wrong, how personalities can have an immense effect on a company, and in turn, on millions of users across the world, and how no matter what the press simplifies as the cause for major events, the reality is nuanced, given to movement in inches that topples the boulder rather than a Herculean push.

This is my first Medium post. I figured if there’s a place for introspective ramblings, it’s this platform.

I joined Tumblr as the 2nd wave of hires, as the 10th or 11th employee. I consider the 1st wave to be Jacob, Peter, and John as well as a few others. The first wave had helped David build Tumblr to be this gorgeous and addictive thing that was growing fast. Marco had just left to start Instapaper. Jared moved on to build GroupMe. And Meaghan had decamped to Kickstarter. There would be 3rd and 4th and 5th waves and so on. But in the early days, when it was 10 to 20 people, there was something really really special – we were on a rocketship changing engines in mid-flight..

SXSW house – picture by David.

I came to the job as a fan. I had emailed Tumblr on a whim, telling them of my admiration and absolute belief that it was going to be the next big thread in the social fabric of the Internet:

As I find myself discovering daily Tumblr awesomeness, I thought, “This is exactly the place where I want to help build and make better.”

A few months later, John called me on the phone while I was in Argentina and a few weeks later, I met David and the team and instantly felt at home.

I joined to take the product further, to help David execute his vision as he took on the large responsibilities of being the CEO. Tumblr was growing fast and David was needed to build out the engineering team, to scale operations, to manage fundraising and marketing and — basically, according to Marco  — all the things he didn’t really like to do. And I was brought in to handle the one thing he did like to do, which was to envision the product and design. (Whoa!) I thought I was going to teach the guys a lot, having worked for years at building another pretty cool platform, Flickr. Instead, it was me to learned tons, mainly from David himself.

Walking from USV’s office because we ran out of meeting space.

It was humbling to work with David. And sometimes challenging to my ego. He has an incredible way of bringing you into his orbit. Even with all of the other things he had to worry about — the downtimes, decisions to bring in senior level management to control parts of his baby that he never had to worry about before, orienting Tumblr around creators instead of being a mass-market blogging tool, figuring out the international markets and growing community vectors like fashion, arts, music and so on — he was so on top of product that on most days it felt like I was two steps behind thinking through all the ways in which people would love or hate the features that we planned to push.

And important to me, we were all friends when the company was small. We went to lunch together, we played card games after work — the guys even went to my wedding in the middle of nowhere, Maryland. I was changing the world with a bunch of people I could go have drinks with — and we did! So many features and ideas came around the dinner table in those months. I got kind of fat.

Last hurrah at our wedding

More than anything, I loved the quiet hours, after everyone had gone home. David would sit on the couch and sketch in his notepad. Then he would walk by my desk and asked, “Hey, can we catch up on product stuff?”

Invariably, hours later, we’d both get stupid excited about the new stuff that we could build. I’d suggest things, and I can count on one hand when David hadn’t thought about it already.

David was perpetually excited about Tumblr. I have never seen his enthusiasm wane . Everyone who worked at Tumblr were all in love with the product and used it every moment — but David had us all beat. He lived and breathed the product.

Matt Hackett & David Karp

Looking back, some of the things we built were awesome – and I’m glad to have added a bit of Flickr DNA to the features — kind of funny considering now Tumblr will be Flickr’s cousin in the Yahoo family.

The EXIF information attached to each photo – that was a refraction of my obessession with an image’s contextual data. Having curators for the tag program – that was a reaction to Flickr’s Explore feature, where algorithmns can only turn up so many similar HDR images before human sensibilities have to take over. Reworking the photoset to show all the images instead of a lightbox photo – another reaction to the standard lightbox/slideshow experiences that were in vogue at the time. Starting a developer/API program – also a useful lesson I learned from Flickr.

There were some things that I wished I had done differently, had pushed for harder or done more forcefully. Controlling our own mobile destiny faster is one of them, and I’m happy to see Tumblr rolling out so many awesome updates on their apps recently. It’s also a measure of satisfaction to see so many items on the roadmap that we talked about getting shipped by a bigger, stronger and talented team of 175 people.

Lunch on most days.

In the end, Tumblr is David and David is Tumblr. From every word on the blog post (e.g. he hated to use “best”) to the sheen on the dashboard’s buttons, David’s imprint is all over the company. It’s hard to have two strong visions at play, and the way the team is structured now, with product engineering building things and product design visualizing things — makes a lot of sense for the company’s growth. From all reports, if Marissa is true to her word to give David the independence to dream his great dreams, I think Tumblr’s best days are ahead.

Tumblr – as with any company or product – isn’t about a featureset or even the numbers.. or in some cases, even the users. It starts with the people who dream up something different, who love what they’re doing and can’t wait to share with the world their crazy ideas. It’s the engineers and designers and support staff and salespeople and office managers and marketers who come to work each day to build something better. And at the heart of Tumblr is a founder who is also its hardest working employee.

Camp Tumblr, picture by David

David also gave me the itch to chase after my vision. And now, starting on my own journey to build something new, I’m even more amazed at what Tumblr has accomplished.

Building something new is hard.

Doing anything that you can to keep it growing and going and persisting is something else entirely. And I have high hopes for Tumblr’s place in the world.

So here’s the lead, buried way at the end. What did I gain from working at Tumblr? Clarity of vision triumphs in the end. Build something new. Be original. Do what you love. Empty truisms? On most days, yes.. but when real life events punch you in the face with the reminder that “yes, ye skeptics, striving to be good can work out”, then I’m willing to pause a moment and listen.

Why Facebook is Killing Silicon Valley

We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win…

— John F. Kennedy, September 1962

I teach entrepreneurship for ~50 student teams a year from engineering schools at Stanford, Berkeley, and Columbia. For the National Science Foundation Innovation Corps this year I’ll also teach ~150 teams led by professors who want to commercialize their inventions. Our extended teaching team includes venture capitalists with decades of experience.

The irony is that as good as some of these nascent startups are in material science, sensors, robotics, medical devices, life sciences, etc., more and more frequently VCs whose firms would have looked at these deals or invested in these sectors, are now only interested in whether it runs on a smart phone or tablet. And who can blame them.

Facebook and Social Media
Facebook has adroitly capitalized on market forces on a scale never seen in the history of commerce. For the first time, startups can today think about a Total Available Market in the billions of users (smart phones, tablets, PC’s, etc.) and aim for hundreds of millions of customers. Second, social needs previously done face-to-face, (friends, entertainment, communication, dating, gambling, etc.) are now moving to a computing device. And those customers may be using their devices/apps continuously. This intersection of a customer base of billions of people with applications that are used/needed 24/7 never existed before.

The potential revenue and profits from these users (or advertisers who want to reach them) and the speed of scale of the winning companies can be breathtaking. The Facebook IPO has reinforced the new calculus for investors. In the past, if you were a great VC, you could make $100 million on an investment in 5-7 years. Today, social media startups can return 100’s of millions or even billions in less than 3 years. Software is truly eating the world.

If investors have a choice of investing in a blockbuster cancer drug that will pay them nothing for fifteen years or a social media application that can go big in a few years, which do you think they’re going to pick? If you’re a VC firm, you’re phasing out your life science division. As investors funding clean tech watch the Chinese dump cheap solar cells in the U.S. and put U.S. startups out of business, do you think they’re going to continue to fund solar? And as Clean Tech VC’s have painfully learned, trying to scale Clean Tech past demonstration plants to industrial scale takes capital and time past the resources of venture capital. A new car company? It takes at least a decade and needs at least a billion dollars. Compared to IOS/Android apps, all that other stuff is hard and the returns take forever.

Instead, the investor money is moving to social media. Because of the size of the market and the nature of the applications, the returns are quick – and huge. New VC’s, focused on both the early and late stage of social media have transformed the VC landscape. (I’m an investor in many of these venture firms.) But what’s great for making tons of money may not be the same as what’s great for innovation or for our country. Entrepreneurial clusters like Silicon Valley (or NY, Boston, Austin, Beijing, etc.) are not just smart people and smart universities working on interesting things. If that were true we’d all still be in our parents garage or lab. Centers of innovation require investors funding smart people working on interesting things — and they invest in those they believe will make their funds the most money. And for Silicon Valley the investor flight to social media marks the beginning of the end of the era of venture capital-backed big ideas in science and technology.

Don’t Worry We Always Bounce Back
The common wisdom is that Silicon Valley has always gone through waves of innovation and each time it bounces back by reinventing itself.

[Each of these waves of having a clean beginning and end is a simplification. But it makes the point that each wave was a new investment thesis with a new class of investors as well as startups.] The reality is that it took venture capital almost a decade to recover from the dot-com bubble. And when it did Super Angels and new late stage investors whose focus was social media had remade the landscape, and the investing thesis of the winners had changed. This time the pot of gold of social media may permanently change that story.

What Next
It’s sobering to realize that the disruptive startups in the last few years not in social media – Tesla Motors, SpaceX, Google driverless cars, Google Glasses – were the efforts of two individuals, Elon Musk, and Sebastian Thrun (with the backing of Google.) (The smartphone and tablet computer, the other two revolutionary products were created by one visionary in one extraordinary company.) We can hope that as the Social Media wave runs its course a new wave of innovation will follow. We can hope that some VC’s remain contrarian investors and avoid the herd. And that some of the newly monied social media entrepreneurs invest in their dreams. But if not, the long-term consequences for our national interests will be less than optimum.

For decades the unwritten manifesto for Silicon Valley VC’s has been: We choose to invest in ideas, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win.

Here’s hoping that one day they will do it again.

Read more Steve Blank posts at


Here Are The Top Twenty Startups Of 2014


Prismatic is a San Francisco based news reading application which has been developed in order to design a custom user experience based on an individuals personal interests. The web application has the ability to evaluate and crawl the user’s personal social information from websites like Twitter and Facebook, then consider it for common threads which could ultimately point toward an exact interest.


Glow helps businesses run better advertising campaigns on Facebook. The Glow Machine is the leading advertising technology platform for organizing, developing and understanding Facebook advertising campaigns.

Medium is an online blogging platform started by Twitter co-founder Ev Williams. The blog was created in August of 2012 and was released to the public in October of 2013. It gives users the capacity to share and experience education, opinions and articles.


Imagine you could join the discussion your employees are having about your business or brand, figure out who they are, and certify them for it. Addvocate makes it easy to track the social voices of your company, foster a sense of community, and grant that community the power to be heard.


More and more people are depending on mobile as their primary source of news yet the content itself continues to be composed in a format that translates very poorly to mobile devices. Rather than trying to shoehorn current content into a new environment, Circa is creating the first born-on-mobile news experience. It will drop news in a unique format – native to mobile devices with an experience innate to mobile users. Through comprehensive yet to-the-point news updates combined with a one of a kind mobile experience, Circa redefines how news is composed, delivered and consumed. Circa is news re imagined.


Kiip is a dividend network, founded by Brian Wong, Courtney Guertin, and Amadeus Demarzi.


Stay informed on the most relevant and interesting developments in the world. Inside curates the best journalism in real time. It is the only news service you will need to stay knowledgeable.


Nest Labs is the developer of the world’s first Learning Thermostat. Nest learns from your temperature adjustments, schedules itself to keep you comfortable, and mentors you to energy savings.


Coin is a connected gadget that contains all your credit, debit, gift, loyalty and membership cards in one place. Instead of moving all those cards in your wallet just carry your Coin. Coin works anywhere those cards are endorsed.


HelloSociety is a full-service Pinterest marketing and technology firm that helps business brands enhance their efforts through strategic partnerships with dominate pinners, robust analytics, creative advising and more.


Jelly is an advanced way to search with pictures and people from your social networks. It’s also people helping each other—something that’s both useful and fun.


Quip is an advanced word processor that empowers you to make excellent records on any mechanism — telephones, tablets and the desktop. Quip is assembled for the way individuals work today — over a mixed bag of gadgets and conveyed as far and wide as possible. Jest has a basic and exquisite interface that joins reports and messages into a solitary talk like “string” of overhauls, making joint effort quick and simple. You can impart archives and even whole envelopes so various individuals can alter and talk about together in a solitary, imparted workspace.


Echo gives the industry’s first and biggest constant stage, empowering the fast execution and scale of provisions for social TV, social music, social news, social games, social business and social money. Brands and designers can influence the Echo stage to change their static sites and versatile applications into continuous encounters that essentially support movement, increment client engagement, and drive more income. A pioneer in the space, Echo presently serves in excess of 1.5 billion streams for every month for clients including ABC, Advance Digital, AMC Networks, CNBC, ESPN, ivillage, NASDAQ, Scripps Networks, Sony, The Washington Post, USA Network, XO Group and WWE.


Uber, a San Francisco-based innovation startup, is developing at the crossing point of portable engineering, auto transportation & logistics. Uber catches the best limo encounter and changes it into an on-interest administration that fits an effective and up to date lifestyle.


Smartthings accepts that the ordinary questions around us can accomplish more to help make their lives less demanding, better, and more fun. To help them help the,, its made a mixture of simple to-utilize sensors that they can put in their home, office, and auto. Smartthings lets these sensors correspond with one another, and with them–unlocking another universe of potential outcomes and bringing about the world’s most receptive and progressed open stage for the Internet of Thing.


Flipboard is an advanced social magazine that totals web joins from your social loop, i.e. Twitter and Facebook, and shows the substance in magazine structure on an ipad. Headed by Mike Mccue, previous CEO of Tellme, and Evan Doll, previous Senior iphone Engineer at Apple, Flipboard is on a journey to convert how individuals find, view and stake content by consolidating the magnificence and simplicity of print with the force of online networking.


Hukkster is an internet shopping instrument that tracks items on the destinations you cherish and advises you when they go at a bargain. In one straightforward step, the Hukkster bookmarklet introduces in your program bar and goes about as an ever-present friend that sorts out and advances your internet shipping. With Hukkster, customers can free their inboxes from the disorder of day by day arrangements and nonexclusive advancements and just be informed about items they really need.


Lyft is a benevolent, safe, reasonable transportation choice. Download the application for iphone or Android and appeal a ride with the tap of a catch; a cordial driver will land in minutes to take you where you have to go. Lyft neighborhood drivers are foundation checked and talked with to offer the best ride encounter in the city! Lyft is presently accessible in more than 20 urban communities the nation over; to see the agenda of Lyft’s markets, please visit


Nimble is a Web Based Saas stage that helps little organizations lure and hold clients by empowering their group to work all the more viably together and stay top of psyche with their prospects and clients.


DuckDuckGo is a search engine, like Google. You can use it to get more Zero-click Information, more seclusion, less spam, !bang syntax and lots of other cool stuff.