As we go into a new week, some random comments:
- Too good to be true. I am tired of seeing these charts from companies pitching us how they have the complete product offering, but their competitors have all these holes. You have met all your customer's wishes? Would your competitors report similar findings?
- Money is still out there especially for companies with traction. There are few quality companies out there. When one pops up, there is often heavy competition from the VCs and yes, even today the entrepreneur can still be in the driver's seat.
- Think about the big picture. Building out applications for the iPhone, Facebook, Twitter, etc seems like fun and you can make a biz out of it apparently, but it isn't where the real money is. Where the money is though is being the platform where everyone wants to build applications around YOU. Its great if you are Twitter, Facebook or Apple and have all these companies emerge around you focused on developing games and features to make your platform easier to use and more sticky. Just think about that if you're swinging for the homerun.
- There is a growing trend lately with companies coming to us lately asking for less than 300k. A couple were 50-100k including a software company with 3 guys and a million in sales. Entrepreneurs are trying to do more with less. And this includes anywhere from the 1st time entrepreneur to guys that have done it a few times.
- We keep adding. Its business as usual for us at SCV including recent trips to Atlanta, Northern Va, DC, Maryland and in case you missed it, 2 weeks ago we announced our latest invetsment in Baltimore-based AVIcode. And a final note. Congrats to the guys at ReverbNation for announcing last week the deal with Microsoft. If you're into free music from new artists, you can learn more about it here.
