Category Archives: Tech

The Seed Slump – AVC

This is a good post pointing to a few of the other threads and posts talking about the Seed Slump.

The Seed Slump – AVC

I think this tweet is good as well:

These are the takeaways:

  • seed to A graduation % obviously will go down
  • seed funds which stay small & generate smallcap exits can make

State of the Cloud 2019 · Bessemer Venture Partners

State of the Cloud 2019 · Bessemer Venture Partners:

Operate with G.R.I.T.

Operational rigor is what separates early stage companies from the most influential cloud leaders. But take comfort in the fact that it’s possible: Twilio’s Jeff Lawson and Shopify’s Tobias Lütke are just two examples of the many first-time founders who were running cloud businesses during and post-recession.

At Bessemer, we recommend cloud founders operate on G.R.I.T.— a critical set of metrics that resilient, enduring cloud companies use as yardsticks of success.

This is pretty good read but it may not be apparent what G.R.I.T. is :

G = Growth

R = Retention

I = Money in the Bank

T = Targeted Spend

What Is Going To Happen In 2019 – AVC

I am sure you caught Fred’s 2018 review?

Now comes prediction time.

What Is Going To Happen In 2019 – AVC

I have always felt that as the noose tightens around Trump that he would quit before any impeachment process ever kicks off. Let’s see.

I agree if this happens it will project an air of USA instability and that will be enough to take down global markets a notch or two.

I think in VC startup land we are looking at something different but still need to be pragmatic.

I love how Fred describes the long-term view:

But all of that is going to happen at the margin. I expect 2019 to be another solid year for the tech/startup sector as we are in a possibly century-long conversion from an industrial economy to an information economy and the tailwinds for tech/startup vs the rest of the economy remain in place and strong.

Just started reading Homo Dues – A Brief History of Tomorrow. The time it will take for the total digital transformation of practically everything is longer than people think so we have a long ways to go.

Happy New Year!

Whither the Australian tech scene

Sad state of affairs down under in tech land these days.

First: https://www.afr.com/technology/tech-firms-including-airtasker-hit-by-rd-incentive-crackdown-that-threatens-software-sector-20181129-h18j51

This one seems pretty damaging – not a body blow but isn’t good sign.

Now this: https://www.bloomberg.com/news/articles/2018-12-06/australia-moves-toward-passing-law-targeting-whatsapp-signal

But the fundamental fact remains that the powers being sought by law enforcement are ill-informed, badly drafted and a gross overreach,” Digital Rights Watch said in a statement. “This bill is still deeply flawed, and has the likely impact of weakening Australia’s overall cyber-security, lowering confidence in e-commerce, reducing standards of safety for data storage and reducing civil right protections.”

RMIT University’s Gregory said the effect of the laws would likely spread beyond terrorist or criminal activities and into private-sector investigations.

“It’s too rushed, too broad, not well-defined and ultimately will be misused,” he added. “People will also be able to use this not just for criminal law matters but also corporation law matters.”

Feels pretty dangerous and I wouldn’t want to be working in security down under.

Maybe this will all blow over but to me it doesn’t bode well for the Australian tech scene.