VCs are good capitalists. They sell what their investors will buy, and they charge what their investors will pay. The real problem, it turns out, lies with the institutional investors -- the ones doing the buying and the paying.
This is fertile ground for Facebook advertisers, and should allow the creation of much more relevant and interesting ad campaigns -- and thus more ad dollars for Facebook, since there's currently no way for an app creator to generate revenue from the data they are contributing to the Open Graph.
The ways in which an entrepreneur might best connect with venture capitalists has been covered by a number of other VCs across the web, but we thought it might be helpful for entrepreneurs to put this question into context by providing actual operating data regarding deal flow for our firm.
Innovation and progress requires experimentation -- trial and error. Unfortunately, for entrepreneurs with ideas for "startup countries," there's no way for them to experiment. It's not like the software industry where all you need is a laptop.
I can feel the crowdfunding movement coming. And I think it will be impactful and helpful in many way. And I hope that its impact will be most felt in the sectors that have been starved for capital, not the sectors that are awash in capital.
Possibly the most interesting running conversation I've been having with entrepreneurs lately is how they can keep their companies independent without having to go public and turn their cap table into a casino.
The JOBS act helps more people, entrepreneurs and investors, find more opportunity. That, more than bailouts, is the wise role for government to play in the shift from an industrial to a digital economy.