![]() ![]() It is called, “ the new rules for the Internet bubble” and he just nails it. Ok, it’s not quite a “ double rainbow all the way” moment, but close.Īnd so as Steve is apt to do, he consolidated this midnight mind meld, added it to his linear thinking on the investment phases of tech companies and turned it into one of the most cogent pieces on the topic that I’ve seen. The opportunity is really, truly, mind-boggling – bubble or not. And as simple as that sounds I had never put that together in my mind like that. That’s a huge difference in opportunity.”Īnd so it is. So you’re saying that a decade ago we had 100 million addressable market connected some of the time and now we have 2+ billion connected all of the time. Yet the art of shifting your mindset is often taking a complex idea and generalizing it. ![]() ![]() But we’re also looking at unprecedented opportunity.” Now we’re connected to apps all the time, everywhere we go. 10 years ago we only connected for brief periods of time when we were at our PCs. Facebook connections alone bring 500 million, Twitter 200 million. On the other hand, 10 years ago when we all felt like this last time the total market size for any company was at maximum 100 million potential users. “Maybe,” says Naval, “Certainly valuations are creepy up quickly in all stages of deals. The real inventor (the creator of Ethernet) Bob Metcalf. Or how about the inventor of the Internet? No, not Al Gore. But you also wouldn’t have struggled to share one with Uber CEO Travis Kalanick. You couldn’t help but seeing Uber Pedicabs all around town. Struggling to get time with First Round Capital? Rob Hayes / Kent Goldman there all week. Want to talk Twitter integration? Ryan Sarver was there, too. Want to become one of 500Startups? McClure was omnipresent. Want to debate Naval about AngelList? Hanging. But at SXSW? Nobody has family duties, board meetings, full schedules. We live 100 miles from each other but always struggle to find enough time to hang out. I turned around and there was StockTwits founder (and my favorite Tweeter) Howard Lindzon. In fact, I saw them having a drink along with COO Evan Cohen. Want meet one of his key investors, USV partner Albert Wenger? He was there, too. Want to hang out with Dennis Crowley? He was there in the Pepsi pavillion playing actual FourSquare with anybody who wanted. I couldn’t have said it any better replacing music with tech. Every night you are just hanging out with big name bands and the teams around them that brought them to their peak.” A band was saying, “I can’t believe that at one event you could get access to the band managers of Lady Gaga, FooFighters, etc. They were talking about the music portion of the show. I was listening to NPR on my drive in yesterday morning. I can’t imagine having been at a better event. ![]()
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