The Gilded Trap

The best companies — Airbnb, Dropbox, Evernote, Spotify, and of course Twitter — are trapped with $1 billion-plus valuations. In some cases, the valuations are for multiple billions. What yielded a bragging press release at the time is now looking like a gilded trap: They have to go public, do a down round, or sell … Continue reading The Gilded Trap

Sitting & Writing

I am sitting in my favorite SF location & thinking about the events of this past week and writing my reflections on Facebook’s initial public offering and comparing it with Netscape and Google. Much as it is about change in the Internet landscape, it is also apt reflection on how the media has changed. It … Continue reading Sitting & Writing