Startonomics
David Sacks February 6, 2009
A Tale of Two Crashes
“Irrational Exuberance”
Confidence in the New Economy Cratered
The Response Was Web 2.0
Old Economy Bubbles
• Real estate • Commodities • Banking • Finance
Web 1.0 Was About Things, Web 2.0 Is About People
We Weren’t Wrong, Just Early
How Worried Should We Be?
We ARE the Bailout
The New New Economy
The Death of Biz Dev
Good Products Are Not the Product of Negotiation
Good Products Are Self-Distributing
APIs Represent a Revolution
Control Your Own Destiny, Focus on Your Value-add
Hollywood is Biz Dev
Expand Your Vision, Narrow Your Scope
Avoid Deep Tech
Not Perfect, But Perfectible
We Were Exuberant, But Not Irrational
Questions