Devoted to hardware, software, IT issues, and information technology management

Most internet companies look up to Google as the epitome of success. Sure its one of the biggest internet services company out there with $10 Billion in cash reserves and everybody wants to work there or be like them. My wife went to visit Googleplex last month and with so many cool benefits like free lunch and laundry, who wouldn't be envious.

So you've got an idea on paper, open a website, launch some Web 2.0 or 3.0 service, get some Venture capital and exit a Billiionaire during a Nasdaq bull run. Are those days numbered ? Well this post by Fred Wilson will get your cells thinking as VC companies are rethinking their exit strategies and trying to refocus on the best way to make their buck back.

He says :

So we need a new approach to the kind of companies we fund and we need a new approach to how we fund them and how we get out of them. I don't see that as a "broken model", just a model that we need to tweak. The answers are pretty obvious actually.

We've got to raise smaller funds.
We've got to do less "hard tech" and more "soft tech"
We've got to figure out how to make great returns on $100mm to $250mm exits
We've got to limit our IPOs to our very best companies

Wonder where the blogging industry is heading too now that b5media is the 3rd blogging network to get VC funding after Weblogs Inc and Creative Weblogging.