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

This is going to be BIG.

Rob messed around with some local video thing in 2008, which everyone but Rob thought was a pretty terrible idea. Later that year, I sent a tweet that inspired a company that initially only Rob thought was a pretty terrible idea: Using FlickrEdit and a JungleDisk network drive to backup all my Flickr photos to S3.

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Things Will Be Different

This is going to be BIG.

The Financial Crisis of 2008 sure seemed bad in the moment as well. It was built on a network of drivers woefully unprotected by labor laws, without healthcare, wage production or unemployment benefits—the consequences of which are now painfully all too obvious and should seem a little less like a source of pride.

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The Big VC Thaw – Why The Market is Moving Again (part 2 of 3)

Both Sides of the Table

In my previous post, The VC Ice Age is Thawing (for now) I wrote about the reasons why the VC market came to a screeching halt in September 2008 and remained largely shut until at least April 2009. Notice that I didn’t say “social networking.” Let’s be honest – the same is true for VC’s. Seems an obvious fit.

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What Will Happen In 2024

A VC: Musings of a VC in NYC

That is good news for the innovation economy because healthy capital markets are a necessary support system. The AI “stack” has emerged with Large Language Models and other important models (like audio, imagery, video, etc) operating in the cloud with well-documented and supported APIs that are available to developers to build on.

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Be First, Stay Agile and Leverage the Power of MyEO Deal Exchange

Entrepreneurs' Organization

In the last US economic downturn in 2008-2009, my Forum and EO taught me that the keys to surviving are being the first to respond, taking quick decisive action and being agile. I also used my EO network to broadcast the fact that we were now in the plexiglass business. They were extremely supportive.

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An Invitation to Explore and Adopt “Capitalism With Care”

Entrepreneurs' Organization

During the Great Recession of 2008-10, Kent guided dozens of CEOs and their companies successfully through the crisis and positioned them to capitalize on the economic expansion that followed. I’m happy to share my personal experience around Capitalism With Care so we can learn together and support each other. Won’t you join me?

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Want to Know How First Round Capital was Started?

Both Sides of the Table

In 2008 they raised a much larger fund $132.5 CEO Network – CEO’s from the portfolio companies are introduced to each other. This becomes a support group and allows them to help each other succeed. They decided to run the fund close to home in West Conshohocken, PA where they still have offices.

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