DRM is a pain but needed

Coming from the OTT world I can lament the use of DRM like everyone else but I can also tell you that without out – people will steal every bit of video they can. What else can one do about it then to try and protect it. Without DRM built into browsers the video companies with either push a plugin at you or use some other non-stamdard methods which just makes life harder on everyone.

I am with Gruber on this one – EFF is being kind of silly :: https://daringfireball.net/linked/2017/09/18/eff-w3c-drm

The Splice Newsroom

Signed up for this newsletter today.

I used to work with Alan at Yahoo! and from time to time we have some coffee and discuss tech, people and news. Mostly though we will talk about news and where we consume it these days – or listen to it since we both like podcats. 

I used to subscribe to the FT weekend but found I wasn’t always reading it and figured I should read more books. Most of my news then is from online sources and podcasts but lately I have been actually listening to less news and getting the majority of my updates from Inside.com – I like the email format with links. I also read Pro Rata and Term Sheet everyday.

From time to time I will use the Washington Post and New York Times app but not enough that I am compelled to pay for them.

What Alan and I talk about most though is there isn’t anything super amazing coming out of Asia that I look to as my news source. Hopefully with projects like this we will see some change and find truly quality newsrooms that provide content the way most of us consume it.

Alan recently got some $ from FB and is beginning to build things out, you can read all about here :: https://www.thesplicenewsroom.com/about-us/.

Subscribe to the newsletter and support this much needed look at media across Asia.

The Four – new book from the Prof

So far my favorite book of the year has been :: https://seedvc.blog/2017/06/27/shoe-dog-best-business-book-of-the-year/. Just couldn’t put it down till I finished it.

After hearing this latest podcast :: https://www.recode.net/2017/9/14/16303784/transcript-author-nyu-professor-scott-galloway-recode-decode-four-book-google-amazon-facebook-apple. I am anticipating that Galloway’s new book is going to be amaze balls and on obvious best seller.

For more of his writing, check his latest weekly email :: https://www.l2inc.com/daily-insights/no-mercy-no-malice/from-russia-with-likes

To pre-order the book on Amazon use this link.

Enjoy the weekend!

Structured Financing

Over a quick bite today I continued to read the latest edition of Venture Deals, it has been enlightening to read it post working in VC for over a year now. I have been able to validate some of the principles first hand while gleaning a thing or two to help me in stuff I am currently dealing with.

I wrote, https://seedvc.blog/2017/09/07/take-a-discount/, the other day and was thinking more about the book in light of how some founders may not understand how various rounds of venture financing works.

A couple of things to note is that usually once you raise money – you will probably be raising until exit or profitability. So an angel round will turn into a seed round, which will lead to an A and most likely a B. Maybe somewhere in that mix you might exit or generate enough cash to no longer need to raise money. It could also be that venture financing makes way for debt financing instead. 

The point being that as you look at your very first fundraise, one must have a view to how the follow on rounds will work and the milestones you will achieve during the rounds. Usually this will map to burn rates and the hopeful product or revenue targets that match rounds and the end of cash cycles.

Being careful about valuations during this process is important but also realizing that more than one round will happen helps to put it all in context.

Long story short if you are a founder or thinkjng abor becoming one? Read the book before you start your fundraising journey since it will probably help you more than my ramblings.

Enjoy the weekend!

Level 5

I often wonder if my kids will need to drive cars. When I was 15 or so my dad bought me a wrecked VW bug and our many months long father/son project was to get it on the road in time for my needing to use it to get to work. Oh the memories.

Guessing my kids won’t need anything like this.

Love this Monday Note article – also listen to the Kara podcast.

Fascinating stuff.