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The growth of Facebook and socialgaming led by Zynga – Another obvious trend is Facebook. Notice that I didn’t say “socialnetworking.” Much like iPhone is the only mobile platform in town, Facebook is the only “closed network” socialnetworking platform in town. Seems an obvious fit.
If one vocal person blurts out, “just give us the details, we all know socialnetworking&# don’t assume that person speaks for the entire room. I’ve experienced this in many sales meetings I’ve made and unfortunately in many VC pitches I made. But … watch out. Happy to do that. Get them involved!
I began to realize that venture capital is a bit of a socialgame — and I was about to play it for two years. But when going to pitch meetings and VC events, I got the same feeling that I would get when you go to a high-end country club or a luxury store on Rodeo Drive in Beverly Hills. I was mostly pitching white male VCs.
Anyone who works in the venture business or frankly just lives in Silicon Valley will be used to hearing a buzz word rise up out of nowhere to capture the technology zeitgeist and find its way into every entrepreneur’s product development plan or every aspiring entrepreneur’s pitch deck.
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