Geoff Yang introduces Redpoint Ventures, a VC formed in 1999 with partners from Brentwood Venture Capital and Institutional Venture Partners. These two firms have been successfully investing in technology since the early days of venture capital. The team behind Redpoint has collective experience of over $2 billion under management - with 32 IPOs and 54 upside acquisitions.
In a 2nd video, Scott Raney, partner with Redpoint Ventures, tells what the firm looks
for when evaluating investments in the mobile applications market, and
gives tips for entrepreneurs looking for funding.
Invested in Intermix (MySpace), which was bought by News Corp for some $600 million in 2005. Invested in Musicmatch, which was acquired by Yahoo, and Jotspot, which was acquired by Google.
Geoff, you are looking for "something really big" that could change the way people live their lives. To find such thing, maybe we have to dismiss our way of thinking about the functionality of the actual economy. Imagine a world where people can work whenever they like to, whatever they like to, and for whoever they like to!!! Sounds to good to be true, right? But it is simply a question of changing the way that we nowadays reward an employee. If we pay him/her the value created and not the time spended, this is already possible. I would like to draw your atention to the following link on vator.tv: http://vator.tv/pitch/show/newopensourceeconomy
It refers to the PRiPO project, that is exactly organizing a "new economy" with the goal of value creation and value conservation. Participants are just paid for the value they produce and on a credit base (delayed). That asures a "high speed growth" of the system. The system offers overall "Ego Boosting" products and consumer orientated services. Maybe you like it.
To find such thing, maybe we have to dismiss our way of thinking about the functionality of the actual economy.
Imagine a world where people can work whenever they like to, whatever they like to, and for whoever they like to!!!
Sounds to good to be true, right?
But it is simply a question of changing the way that we nowadays reward an employee.
If we pay him/her the value created and not the time spended, this is already possible.
I would like to draw your atention to the following link on vator.tv:
http://vator.tv/pitch/show/newopensourceeconomy
It refers to the PRiPO project, that is exactly organizing a "new economy" with the goal of value creation and value conservation.
Participants are just paid for the value they produce and on a credit base (delayed). That asures a "high speed growth" of the system.
The system offers overall "Ego Boosting" products and consumer orientated services.
Maybe you like it.