This has been another really busy week.
This was an in-depth look at the failures of four well-known VC firms in Silicon Valley. All four were widely popular with the press, and all four have all but ceased to exist just a couple of years later. What happened? The essential story here is that there really aren't all that many similarities. Much as the families of Anna Karenina are each unhappy in their own ways, each of these funds faced different issues which caused their undoing. Crazily enough, some of these funds may still turn out to have blockbuster returns.
One challenge that is not widely understood remains the on-going bifurcation of the internet, with U.S.-based companies like Google and Facebook running one side of it, and China-based companies like Tencent and Alibaba (and other lesser-known companies) running the other half. This was something of a revision of an article I wrote four years ago, which said that the internet was fragmenting. It is indeed fragmenting, but not into dozens of separate units, but essentially two.
- Chaos engineering service Gremlin raises $18m, launches new resiliency tools
- SoftBank pays big, SurveyMonkey goes public and JUUL’s next step
Image by Dennis Jarvis used under Creative Commons.