A historical collection of our writing.
Brad BurnhamA few weeks ago we mentioned that we were looking for the right person to replace Charlie, who had left us to take a product management position at Oddcast. Prior to this post, we had informally reached out to a few friends to let them know that we were looking for a talented person to […] Read more
Brad BurnhamOne of the common concerns about IT enabled services generally and web services specifically is that they do not have the potential to scale. When the focus of venture capital was on IT infrastructure, this criticism was often voiced as ” that’s a feature not a company”. Today, a lot of the most […] Read more
Brad BurnhamHistorically 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 all now […] Read more
Brad BurnhamNot 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 Craigslist not Webvan”. Webvan was a huge and […] Read more
Brad BurnhamWe 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, but in our view the upside here is capped by the […] Read more
Brad BurnhamA 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 with the market and that it made more sense for us to publish the conversation. […] Read more
