effects of open source on venture capital
DESCRIPTION
TRANSCRIPT
TRUTH ABOUT RAISING VENTURE CAPITAL
[email protected]@ulysseas
French born, naturalized as US citizen
Founded American Research and Development
Invested in DEC
AT THE BEGINNING
Hewlett Packard founded in garage
Symbolic founders of Silicon Valley
Name decided by a coin toss
SILICON VALLEY
SILICON VALLEY
Fairchild Traitorous Eight
Eugene Kleiner formerly of Fairchild & Tom Perkins student of Georges Doriot found Kleiner Perkins
VENTURE CAPITAL BACKGROUND
LINEAGE TO TRAITOROUS EIGHT
Same year 1972, Don Valentine founds Sequoia Capital
As of 4/2012 Y-Combinator top 172 Companies worth US$7.8B
October 2013 Y CombinatorAnnounces Top 300 companies worth and aggregate value of $13.7Bi
Y Combinator invests $14,000 for single founder$17,000 for two founders
VENTURE CAPITAL BACKGROUND
OPEN SOURCE TOOLS
Raised $250 million
MINIMUM VIABLE PRODUCT
GAO says cost $350 million
Vogelstein of Wired saysoriginal iPhone $150 million
Neither understand Open Source
US 2012 becomes a stage for IT
Romney spent $40 million on IT
ARS estimates Obama campaignspent $11.3million