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June, 2009:

Fred Wilson’s 2010 Perspective

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Trying to catch up on the RSS feed from Building43. You can definitely see the huge amount of value for hearing thought leaders’ perspectives on the future of the web. And really the emerging importance of the web for small businesses. The power of the web is still predominately a “new frontier” for small businesses and there is going to be a lot of innovation taking place in the next couple of years to help businesses, large and small, harness the value that is out there for the taking.

Below is the video of Fred Wilson, partner at Union Square Ventures, discussing his perspective of the web now and where it is going. Not much discussion of small business in this one (perhaps Scoble felt a more FastCompany style interview was appropriate here).

But if you are going to watch a video to really get a good taste of where the web is headed, you can’t go wrong in watching this one.  Lot’s of good insights into USV’s investment philosophy as well as Fred weaves in a lot of their portfolio companies into the conversation.  And to echo on of Fred’s comments, this was a great video that I would have loved to bookmark, throw into a queue and watch on the TV…someone is going to innovate and build that company…maybe I should. :)

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Analogy of Status Updates

It’s been some time since I took the SATs but I always enjoyed the “analogy” section of the test.  Okay, as much as a standardized test can be enjoyable, it is up there with using a freshly-sharpened #2 pencil to fill in those little ovals.  If you don’t remember, here’s an example:

DALMATIAN : DOG ::

(A) oriole : bird

(B) horse : pony

(C) shark : great white

(D) ant : insect

(E) stock : savings

It seems with growing frequency, I’m pulled into conversations regarding Twitter with many who are just now learning about it.  Great Time article on Twitter by the way.  Yes, I get the often “I just don’t get Twitter.”  I used to think that too when I first heard about the service.  I quickly no longer thought that.  But, recently, I get “Why use Twitter when you can just update your status on Facebook?”  And this throws me right back into the 90’s:  “Do you use the internet?” “Oh yes, I use AOL all the time.”  So back to my SAT analogy:

web : AOL :: Twitter status : Facebook status

Remember the walled garden of AOL, how many users would think that was the web, never venturing out into the wild world of the wide web.  Times change but I see history repeating itself.  The struggle and growing awareness of open and closed systems.  There is a tremendous amount of value being generated off the openness of Twitter than is available within Facebook, where your status network can only be as big who you are willing to have in your personal friends’ list.  The same goes for status in LinkedIn and who you are willing to have in your professional connections’ list.  The situation is certainly more complex than AOL of the 90s but strikingly similar.