Thursday, June 25, 2015

ProfessorVC: Please Don't Celebrate Failure!

"ProfessorVC: Please Don't Celebrate Failure!: Silicon Valley and the venture capital industry were built on taking risks and making big bets on technology, teams, and markets."

It's not working is still a what this blog is saying and I happen to know Paul, somewhat from trying to get him to pay attention to entertainment in the mix of companies that he was investing in,  and he and every other VC in the DMV has said no to content plays. And, funded apps and concepts that aren't even grounded in existing marketplaces and most are failing or moved out of the DMV area.

On an corresponding note a local dad I hang out with that happens to invents for a very large LP said "after the top 10 VC nothing matters"   So this might account for the fodder that is happening downstream from the big winners and lifestyles being promoted like 80's rock & rap stars. There's just not that many companies can can make hits and it's really around asymmetric information more than lack of trying.

Irony is that AltavozEntmt's  products and services BuyingThis(TM) and FanHeatMap(TM) serve to help the whole Entertainment Supply chain figure out the 5w's and again since physical sales are still over 56 percent of sales it's a pretty good strategy to include Bricks and Clicks when considering distribution solutions.

Happy Summer Everyone.