On the passing of Eugene Kleiner, known for "Kleiner's Law"
"• Make sure the dog wants to eat the dog food. No matter how ground-breaking a new technology, how large a potential market, make certain customers actually want it.
• Build one business at a time. Most business plans are overly ambitious. Concentrate on being successful in one endeavor first.
• The time to take the tarts is when they're being passed. If an environment is right for funding, go for it. Eugene, more than anyone, knew that venture capital goes in cycles.
• The problem with most companies is they don't know what business they're in.
• Even turkeys can fly in a high wind. In times of strong economies, even bad companies can look good.
• It's easier to get a piece of an existing market than to create a new one.
• It's difficult to see the picture when you're inside the frame.
• After learning some of the tricks of the trade, some people think they know the trade. This reflected some of Eugene's own humility; he recognized that many venture capitalists thought they were experts when they had just a bit of knowledge.
• Venture capitalists will stop at nothing to copy success.
• Invest in people, not just products. Eugene always respected founding entrepreneurs. He wanted to build companies with them not just with their ideas."
(Via USA Today)
Cool political fund raising maps. Wonder if we could do the same for Malaysia next year.
(Via O'reilly)
Updated Technology Adoption Life Cycle
The gist here is that late adopters are thought to be non-existent.
Somehow this article triggered a question, how can curiousity be measured?
(Via VentureBlog)
I don't have many colleagues in my office, so, blogs tend to be the only source of wisdom what so ever that can help fill in on stuff.
Here's one found via Ross Mayfield's blog, which is like somebody I would love to be able to shout from across the hall when hungry and need a cup of tea.
It seems only Microsoft .NET provides a coding-free migration path away from mainframes running legacy COBOL.
Considering Gartner estimates that over 75% of business data is processed by an approximately 200 billions lines of COBOL, Microsoft is having a big pie to themselves. (via Slashdot)
What else to do with your phone - "Jam" with it. (Via techdirt)