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Friday, July 21
by
Mark Evans
on Fri 21 Jul 2006 09:04 AM EDT
There was an article in the Financial Times (registration required) earlier this week about Web 2.0 start-ups were leaner and better managed - trodding out the usual suspects such as Flickr. I agree with the leaner part but not sure about better managed. After all, many Web 2.0 start-ups are run by technology people rather than professional managers with skills in administration, sales and marketing. If these start-ups have any hope of becoming businesses rather than cool Web services, they'll have to get good managers to make it happen.
by
Mark Evans
on Fri 21 Jul 2006 06:31 AM EDT
37Signals, the "low-cost and we're proud of it" developer of BaseCamp, Backpack and Writeboard, has decided to take some of Jeff Bezos' cash. It's somewhat of a strange move because the company claims it doesn't need the money but wants Bezos' entrepreneurial wisdom in exchange for a "minority, personal investment". I thought that's the role advisory boards? And why Bezos, whose an e-commerce guy? Here's 37Signals' explanation:"What we’ve been looking for is the wisdom of a very special
entrepreneur who’s been through what we’re going through. Someone who
sees things a little differently and makes us feel right at home.
Someone with a long term outlook, not a build-to-flip mentality. We
found a perfect match in Jeff. Jeff is our kinda guy." At the very least, it's an interesting marriage. I wonder what Rick Segal thinks of the deal? At the mesh conference, Rick literally begged (well, that's maybe a little dramatic) 37Signals' Jason Fried for an opportunity to invest. Then again, 37Signals said it has turned down nearly 30 other VCs so at least Rick's in good company. |
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37Signals, the "low-cost and we're proud of it" developer of BaseCamp, Backpack and Writeboard, has decided to take