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By now you probably know that David Sacks , co-founder of PayPal and founder of both Geni & Yammer made some observations on Facebook that Silicon Valley “as we know it” was coming to an end. We once thought Microsoft was a monopoly on the Internet due to IE. It simply hasn’t played out in history. Laughable now.
We told the horror story of the company that originally owned the URL groupon.com and lost it due to not having a trademark. In the era of socialnetworking if you can’t figure out how to get intro’d to me you probably aren’t cut out to be an entrepreneur. Tough, but true.
That is excluding a single line of code or paying any salaries. Imagine that you can develop software on your local computer but the entire service is delivered virtually through a partner in the same way people consumer energy with all of the scale benefits that go with that. We raised $16.5 million in our A round. Think about it.
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