Lots of interesting developments yesterday, and I'm glad to have a front row seat. Actually in some cases I have a seat in the dressing room, so I have to be pretty careful about what I say. First, New York has become much more interesting in the tech world. I spent just two days hopping from rock to rock, and didn't land on most of them, but wow, there's something going on there. In New York as on the west coast, some companies are built to flip, meaning they don't intend to be standalone companies. They were just building features or market share, intending to be bought by a big company, probably Google. Pretty sure that bit.ly, a company I played a role. in founding, was running a Build To Flip plan. I think we found out yesterday that it didn't work. I think in general, even if your plan is to flip, you should run a company as if no one will buy it. That your liquidity will come in the form of profit from sales of services and products to users. It's good discipline. Keeps the team
Pligg is an open source content management system that lets you easily create your own social network.
Comments