The Death Trap : A VC
We as a industry are obsessed with death. And its a trap that clouds your thinking. Facebook did not kill MySpace, YouTube did not kill Hulu, Google did not kill eBay, Pownce did not kill Twitter, and I could go on and on and on.Yes, like cars and soft drinks, web services compete with each other for customers/users. But there are almost a billion internet users globally these days. And you can build a very nice business serving millions or ideally tens of millions of users.
So I’d like to suggest that we stop focusing on who is going to kill whom and instead think about market share, business model, sustainability, and profitability which are the measures that people in most businesses tend to focus on.