Both Sides of the Table


By now almost everybody knows that Marc Andreessen has taken Twitter by storm. By Tweetstorm, that is. Marc seems to single handedly have changed all conventions in Tweeting by dropping 7-10 rapid Tweets in a related stream-of-consciousness labeling each Tweet with a number and a slash before it.

Fred Wilson wrote a Tweetstorm and then did a blog post on the topic. I’ll address his questions at the end of this post.

While Fred’s post makes sense, I honestly think Tweetstorming isn’t Marc’s real magic on Twitter. So I’d like to weigh in with what I believe is.

Background

Marc Andreessen was a prolific and much read blogger for a brief period of time. People religiously read, shared and pontificated on his work. This was pre social media. And then out of nowhere he abruptly stopped. And from there Ben Horowitz became the amazing blogger of record at a16z. Of course they then added Chris Dixon, Ben Evans and many other great public voices.

I never asked Marc why he stopped blogging but I presume it is some combo of having started a venture capital firm (which you might guess takes a bit of time) and also allowing some air time for his then-less-well-known compadre.

For much of the first few years of Twitter Marc was also notably absent. He had many followers and very few Tweets. Then out of nowhere he seemed to be on fire. All of the wisdom he used to drop on the blog was now flowing publicly, in realtime, with almost no editing ability, on Twitter.

Engagement

Even before the Tweetstorm phenomenon, Marc was favoriting, RT’ing, sparring with people, @replying to random folk who reached out to him. In the first 2 weeks I even saw a few people on Twitter say, “Is that the real Marc Andreessen?” He was writing to people. Many people. Any people.

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It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.”

The most recent was 18 months ago or so called The Kauffman Report. It had an influence on the people who fund our industry in a negative way as many asset managers who fund our industry read this flawed report. That’s a shame because many of these people missed out on what will be a few great VC vintages.

The biggest problem with the report was that it pulled together data from more than a decade ago to proclaim what the future of our industry would look like. I wrote about this in a blog post last year titled “It’s Morning in VC” but I never made the full deck available until now.

I presented the deck below – which was prepared with the great help of Upfront Venture’s Principal Jordan Hudson – at Dave McClure’s must attend event called PreMoney with much more data and narrative than I had in my blog post.

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For 2 years I interviewed VCs & founders for a show called This Week in VC. If you want to see any back interviews you can click on that link. I’ve been promising to relaunch a new show for the past 18 months but needed to find somebody to help me with cameras, filming, editing, distribution, etc. Luckily the supremely talented Kyle Taylor joined Upfront Ventures and has helped kick me in the arse to get the show going again.

We’ve already shot three episodes, which will be published soon and I have committed to doing the show on a regular basis. Feel free to add comments below on speakers you’d like to see, topics you’re interested in or formats you’d suggest for the show.

The first Bothsides TV episode is now live! I’ve created a separate Twitter handle that I’ll use to share all this content. You can subscribe to the Bothsides TV YouTube channel as well – you’ll get an email update when we post new videos.

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Startups are hard. You’ve heard that a million times. Those that we survive with become family. It’s something you can’t know unless you’ve ever been in the trenches. Working hard together at a big company just isn’t the same.

 

 

The truth is you really don’t know how your teammates or your bosses will perform in good times and bad. You hire people who look good on paper. You join teams that got good write-ups on TechCrunch, have great VCs, have star CEO’s, whatever.

After 6 months – you know. You REALLY know. Which engineers dialed it in before a big release because it was during July 4th weekend? Who came in the office at 2am when the servers crashed – even on the night of the big company party. Who was willing to jump on a plan on a Sunday morning with a hang-over to make sure they were there the night before an important biz dev pitch on a Monday morning.

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Yesterday MiTú Networks announced that Upfront Ventures  led a $10 million financing in what is now the largest producer of Latino online videos – primarily driven through YouTube.

As you may know we co-lead the first round of financing of Maker Studios, the largest overall producer for online video content, along with Greycroft Partners. I was an early and tireless advocate for the growth of the Internet video ecosystem and as virtually every article I wrote made clear I believe the 800-pound-gorilla is YouTube and will remain so for the foreseeable future. If you want to build a strong online video business it almost certainly must make YouTube an important part of the strategy.

 

Last year at this time

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