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Yammer's CEO points out 4 problems: 1) Have escaped the attention of major Internet companies. 2) Cost less than $5 million (the typical seed plus series A inv
by GFischer 14y ago
Yammer's CEO points out 4 problems:
1) Have escaped the attention of major Internet companies.
2) Cost less than $5 million (the typical seed plus series A investment) to prove and launch.
3) Be protectable from being crushed by big companies.
4) Be defensible from patent-infringement claims.
and asked "How many ideas like that are left?”
In my opinion, 1) and 2) are not a problem.
3) and 4) are the difficult ones, and they're what VCs and investment is supposed to solve - get injections of capital to grow before the big bad slow companies get you, and have money to defend yourself from lawsuits and generate your own IP.
Marc Andreesen said in his response:
"An infinite number—human creativity is limitless—which doesn't make it easy, but does mean the opportunity is unending"