Commerce has to be the oldest business model. Sell something to someone. Or maybe it was barter back then. In any case, ecommerce revenues topped $200bn in the US in 2011 and are growing at close to 10% annually.
When I got into the venture capital business in the mid 80s, software was sold. You would pay a large sum to acquire a license to the software and then a much smaller annual fee for maintenance and support.
My friend Darren Herman helped me think about this post. He sent me this deck along with some thoughts. This slide from Darren's deck is a good place to start this discussion: It is true that the vast majority of...
Peter Thiel, the tech industry magnate known among other things for co-founding PayPal and investing very early in Facebook, took home the VC of the Year award at the 6th annual Crunchies this week for his individual investments and his work with...
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