Dd09

150-200k max - if can't get to break even in Valley, those just go away

Entrep. who is a good dev - can make it on your own
1/2 million on social games, iPhone

Versus 120k/year

Facebook platform

Ramen profitable

How are you going to acquire customers cost effectively

Fail quickly on small dollars is good

AV Don't know what the exit mkt is, IPO extremely tough

Cap efficiency, bootstrapping, focused strateg  - the day he funds he's thinking M/A. 99% purchased

Network effects
Switching costs

Software no longer the competive advantage

Having an outlandish vision
Scrappy and passionate

Good tech underneath

Hackers and painters- paul Graham

front end, back, ec2, you need one of those great hackers

Simplicity for the end user

If you have an A Team and a B idea, take that bet.

Angels, seed G51, silverton, AV, others on East/West

Bootstrap

750 mil fund - thunder lizards - nothing is too early - 250m seed fund
Team and mkt - it's a bet today

Rather be lucky than good.

A team, A market
30% entrepreneur control
Satya patel?
Mentions google a lot

Taking big risks
Right place, right time

Mkt sucks -you're screwed
80% - in control
Exec needs to make good decisions

A people do not compete in C mkts
Colinearity

If I just had x dollars, I could...

What besides money

Reasonable level headed people

Networks and team augmentation, strategy support

Passionate about idea