June 30th, 2009 by Alec

Business Expo

I wanted to let everyone know about my Business Expo – July 21, 2009 at the Marriott in Palm Beach Gardens. General Motors’ Jim Thompson will be delivering the keynote address. Find out more about the expo by going to www.networksouthflorida.com

June 1st, 2009 by Alec

Bad Banks = Bad VC’s

It occurred to me that Banks giving loans to people whom they knew couldn’t afford them was a lot like VC’s funding companies who would be monetized by the ambiguous blanket statement “ad revenue.”

It would be logical that VC’s and Angels would be seeding new companies (geared towards a recession conscious nature) like crazy, but they’re not. Why? Just like the banks VC’s have been burned by bad investments – or an army of apps they’ve been funding for years with no clear path towards ROI. Their investors have also likely taken a huge hit in other sectors, and are requiring a more conservative investment style.

Why this is bad: Webapps should be getting micro-funding like nuts! The most vertical growth is still being seen on the internet – and the internet still has the lowest barrier for entry costs in any sector. After all, people are flocking to the internet looking for coupon sites and ways to get discounts more and more frequently.

But instead of the standard comparison engines, niche-targeted sales sites, or better ad networks – VC’s and Angels are sitting idle as other countries take the reigns of web development.

Going back to my model of traditional banks, VC’s are following the same principals as the bankers- they’ve got burned in their primary method of driving revenue by their own bad decisions, and now they’re sitting idle instead of attacking and diversifying into new markets!

Hey VC’s, Angels – I’ve got a bunch of great projects for you – just call me.