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Congrats to Backupify! A Great Exit Story for the First Company I Ever Backed

This is going to be BIG.

I''m super proud of Rob, Ben and the whole Backupify team--and this is particularly special for me because Backupify was the first investment I ever made as a VC, and the first board I ever sat on. I started reading a great blog called Business Pundit in 2004. Venture Capital & Technology'

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Why AI Won't Be the Investment Opportunity Everyone Thinks It Is

This is going to be BIG.

The venture asset class seems to have already decided that AI is the next great investment opportunity, but I’m not so sure it’s going to disrupt business and create the across-the-board wealth that has been predicted. I got to see all of the top VCs pitching their funds. Technology has already made the world pretty efficient.

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Vinod Khosla’s advice for top VCs? Don’t sit on your founders’ boards

TechCrunch

Serial entrepreneur and seasoned investor Vinod Khosla has some strong, contrarian advice for the venture capital industry: don’t sit on your founders’ boards. Khosla, who spoke onstage at the Upfront Summit in Los Angeles this week, spoke about the culture of capital. We don’t — no matter how important an issue.”

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Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million

Gust

The TL;DR answer to the stock option question is that MySpace options were cashed out at modest value at the time of the FIM merger, coming on the heels of the spin-out of MySpace into a separate subsidiary by parent company Intermix Media, with an infusion of new capital from Redpoint Ventures. Redpoint, led by Geoff Yang , invested $11.5

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The Importance of Local Media to Boost Startups in Rising Cities

Revolution

As reported by Slate from a study from researchers at the University of North Carolina, “We have lost about 20 percent of local newspapers in the United States since 2004, and at least 900 communities now are without any local news source in that same time frame.” It’s the Gannett cuts that worry me the most. Lastly, all politics is local.

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What the Past Can Tell Us About the Future of Social Networking

Both Sides of the Table

We had email, instant messaging, group calendars, discussion boards, etc. But AOL brought online services, email, chat and discussion boards to the masses and thus educated a generation that paved the way for others. Close shop to try and control monetization and you can only rely on your own internal innovation machine & capital.

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The iconic VC-Backed founders are all White & Asian men. So why invest in diversity?

David Teten VC

What can we learn from the best 40 venture capital investments of all time? First Round Capital found that among its portfolio companies, startups with female founders outperformed those without by 63%.” . If they had missed it, they would have failed to return capital after fees.”.

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