Not the point of the article, but is anyone else annoyed by these "entrepreneur-sounding" ideas? I'm so sick of low-tech, solve-first-world-problem ideas and conflating that with entrepreneurship. If I were the VC, I'd tell them to get the fuck out, and it'd have nothing to do with Telcos.
Yeah. I could have tried harder to come up with less frivolous ideas but I wrote this in about five minutes and I just went with the first ideas that were mobile bandwidth reliant I could come up with
VC Pitches in a Year or Two
71–80 of 102 posts
Re: VC Pitches in a Year or Two
#72Earlier quoted context omitted.
I haven't read the decision, just secondary sources, so I am probably incorrect. The reply above yours linked to: http://recode.net/2014/01/15/whats-net-neutrality-what-happe... Which seems to do a good job explaining it. Specifically this bit: > It’s those rules [the Open Internet rules] that Verizon is saying the FCC had no legal authority to enact. The reason that Verizon was successful was because of the basic in…
> My original comment was incorrect: I meant they can either not regulate or classify ISPs as common carriers and then regulate. That's true of the non-blocking and non-discrimination rules in the Open Internet Order , which were ruled to be equivalent to common carrier rules and thereby foreclosed so long as the FCC designated ISPs as "information services" (which cannot be treated as common carriers under the Telec…
Re: VC Pitches in a Year or Two
#73Australia has been doing this for years for mobile data plans. Even though data plans aren't as expensive as they use to be, Facebook, Twitter, Foursquare, eBay, LinkedIn & MySpace are all "free" on the Optus network.
Re: VC Pitches in a Year or Two
#74Earlier quoted context omitted.
You missed the point. The author was choosing startup ideas that compete with entrenched entities that are also potentially data-intensive. I don't think the ideas themselves were supposed to be judged, just that they fit a loose model of ideas that would be almost impossible to fund/execute without net neutrality.
He's right in the sense that all ideas were copying something out of big companies' playbook and were a hard sell to consumers who were sensitive to mobile data pricing. What if the idea was around instant video conferencing with on-demand doctor or a lawyer? Would interested parties still be concerned about the (additional) cost of a data plan?
Yes. This is the whole point. The telcos' will extract rents from any profitable biz model. The more profitable, the larger the extracted rents will be. The net result is that, if people feel that the value they are creating will be expropriated by a third party on poor terms, those services will never make it beyond the cocktail napkin stage. And if...the founders are still optimistic and willing to let this happen...the VCs are not likely to play along...knowing what will predictably happen. As long as either of those two factors is in play, the economy ultimately will suffer in the sense that those services will "never happen" if people take that approach. Or, at least that's the argument if I understand correctly.
Re: VC Pitches in a Year or Two
#75(A man can dream!)
Re: VC Pitches in a Year or Two
#76Either customers will need to be charged by meter.
Or producers will need to pay by meter.
It's only capitalism.
By the way, why can't the VC say, "we love your idea, and we'll front the money you need to pay the telcos."?
Re: VC Pitches in a Year or Two
#77Bandwidth isn't free. The universal all-you-can-eat model is very unfair to the bandwidth supplier. Either customers will need to be charged by meter. Or producers will need to pay by meter. It's only capitalism. By the way, why can't the VC say, "we love your idea, and we'll front the money you need to pay the telcos."?
Re: VC Pitches in a Year or Two
#78While I agree with his premise, there are already industries that used to be startup focused where there is a gatekeeper. E-commerce has Amazon, advertising has Google (and possibly Facebook), which already destroy new startups before they really get started through this same VC mindset. It seems to me that the balance of power is just moving up the line a bit to industries where VC's have little to no power to influ…
Re: VC Pitches in a Year or Two
#79Re: VC Pitches in a Year or Two
#80Australia has been doing this for years for mobile data plans. Even though data plans aren't as expensive as they use to be, Facebook, Twitter, Foursquare, eBay, LinkedIn & MySpace are all "free" on the Optus network.
interesting. do you know if they are paying Optus? does Optus have competition in major Australia markets?
I'm not sure whether FB is paying Optus/Telstra, but I would think so.