marcel reichart on stage, announcing an historic session.
by jk at 1/26/2010 8:56:59 AM
david kirkpatrick is moderating this panel
by jk at 1/26/2010 8:57:42 AM
this will be the facebook moment as jim breyer (JB) and yuri milner (YM) are both investors in facebook and randi zuckerberg will sing after this panel
by jk at 1/26/2010 8:58:45 AM
besides mark zuckerberg, these two are the biggest investors in facebook
by jk at 1/26/2010 9:00:03 AM
now on stage: jim breyer
by jk at 1/26/2010 9:00:19 AM
JB just won "VC of the year"
by jk at 1/26/2010 9:00:40 AM
by Florian Krakau at 1/26/2010 9:00:47 AM
Q: How the VC landscape will change?
by is at 1/26/2010 9:01:25 AM
JB: We will see less VC companies in the coming years
by is at 1/26/2010 9:01:44 AM
by Florian Krakau at 1/26/2010 9:02:05 AM
JB: VC fundraising will drop dramaticly in the coming years and that's a good things
by is at 1/26/2010 9:02:38 AM
JB: For entrepreneurs it will mean that there will be less me2 projects, which will increase quality
by is at 1/26/2010 9:03:22 AM
JB: really good entrepreneurs will find their money anyway. it might not be in VC, but maybe in Angel
by is at 1/26/2010 9:03:58 AM
The fewer companies that are being sold in a specific sector, the better it is for Entrepreneurs who actually want to built something good
by is at 1/26/2010 9:05:29 AM
Facebook as a platform will increase innovation and built more sectors
by is at 1/26/2010 9:07:09 AM
JB: My view / our view is that we will see a total new set of companies that are using the social graph
by is at 1/26/2010 9:09:02 AM
JB: Wal Mart will be spending tens of millions of dollars on social commerce in the coming years
by is at 1/26/2010 9:09:58 AM
Q: How will Wal Mart use social commerce in their stores? With mobile devices?
by is at 1/26/2010 9:10:25 AM
JB: Mobile will play a role, but we are not yet there with a final product
by is at 1/26/2010 9:10:46 AM
JB: you don't want a wal mart associate to tell you what tv to buy, you want your social graph or the people you are already trusting to tell you what tv to buy if you are standing in the store
by is at 1/26/2010 9:11:59 AM
MK is pressing JB to tell how Wal Mart will actually give their customers the ability to access those information
by is at 1/26/2010 9:12:52 AM
Virtualization and Cloud Computing are very important.
by is at 1/26/2010 9:13:13 AM
JB: VMWare is one of the most innovative companies in the world
by is at 1/26/2010 9:13:41 AM
JB: The days of the VC generalist are long gone.
by is at 1/26/2010 9:14:45 AM
JB: If we can not help them (entrepreneurs) from day 1 to built a company to operate globally, than we are not helping them at all.
by is at 1/26/2010 9:15:45 AM
JB: i want only 25% of our investements going to the US
by jk at 1/26/2010 9:15:47 AM
JB: if a business is taking a global view from day 1, we won't do the deal
by jk at 1/26/2010 9:16:08 AM
JB: we wanted to invest in flickr but yahoo bought them for six times the price we wanted to invest in
by jk at 1/26/2010 9:17:21 AM
JB: mark zuckerberg was an exceptional entrepreneur from the start
by jk at 1/26/2010 9:18:54 AM
JB: i don't worry about monetizing facebook, i worry about user experience
by jk at 1/26/2010 9:20:36 AM
YM is joining them on stage now
by jk at 1/26/2010 9:21:49 AM
YM: i started 10 years ago and started as a company, trying to get VC
by jk at 1/26/2010 9:23:00 AM
YM: i slowly realized the next step is to become an investor
by jk at 1/26/2010 9:23:35 AM
YM: made the switch 5 years ago
by jk at 1/26/2010 9:23:47 AM
YM: we are still a company and do not have a fund structure, which gives us more flexibility
by is at 1/26/2010 9:24:08 AM
YM: we started to invest in social networks in 2007
by jk at 1/26/2010 9:24:19 AM
YM: facebooks focus at the time of the investment was scaling the company globally. that was a new thing at the time.
by jk at 1/26/2010 9:26:34 AM
YM: facebook has a lot of monetizing opportunities altough it's not tapping into them now
by jk at 1/26/2010 9:27:13 AM
YM: monetizing apps is very interesting to us
by jk at 1/26/2010 9:27:29 AM
YM: facebook makes money from their own payment systems which apps use to sell stuff
by jk at 1/26/2010 9:28:08 AM
YM: we are prepared to see it through as investors
by jk at 1/26/2010 9:28:34 AM
by Florian Krakau at 1/26/2010 9:00:47 AM
by Florian Krakau at 1/26/2010 9:02:05 AM