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Defensibility
Brad Burnham – Aug 10, 2006
Historically the defensibility of information technology companies has been based on intellectual property - usually patents, sometimes copyrights. From the late 70s until the late 90s many venture backed start ups contributed key components to the information technology infrastructure we [...] Read more
Information Technology Leverage
Brad Burnham – Aug 9, 2006
Not all IT enabled services businesses get the same value from their IT investment. We look for companies that have substantial technology leverage. When we make this point in conversation with an entrepreneur, it is usually enough to say "think [...] Read more
Potential to change the structure of markets
Brad Burnham – Aug 8, 2006
We invest in IT enabled services that have the potential to change the structure of markets. We see many plans that claim to incrementally improve the efficiency of an existing company or market. Some of these have pretty compelling economics, [...] Read more
Our Focus
Brad Burnham – Aug 6, 2006
A year ago when we first re-launched our web site as a blog, we did so because we felt that the environment was too volatile for a fixed investment thesis. Instead we suggested that our thesis evolves in a dialogue [...] Read more
Looking For The Right Person
Fred Wilson – Jul 12, 2006
We recently posted the news that our analyst Charlie O'Donnell is leaving us to join one of our portfolio companies. We are now actively looking for someone to fill his position.We noticed while working with del.icio.us that their best hires [...] Read more
Through the Looking Glass into the Net Neutrality Debate
Brad Burnham – Jul 11, 2006
There is this wonderful Alice in Wonderland quality to the current Net Neutrality debate. Listening to the rhetoric, one s to feel that up is, in fact, down and down is up. The innovative high growth applications companies like Amazon, [...] Read more