52 Bicycles

Panelists (Ryan Sarver was the moderator)

1. Nick Baim Matrix Partners  -describes the recruiting site in his portfolio as “like a dating site, but between job seekers and recruiters.” That’s kinda creepy.
2. David Beisel, Masthead Venture Partners
3. Mike Sheehan Skyhook Wireless (their product is Loki) (bio)
4. Eric Garritsen - Global Seed Capital (angel perspective)
5. Steve huffman, reddit - y combinator company

1. Investment opportunities in light of Joe Kraus observation (10x cheaper to launch) (nothing much said here)
2. Build it to be testable early on - on the cheap -NB
3. Know what your core value is to your users - NB
4. Know how you’re going to be defensible - NB - first mover can sometimes be solution if you have enough traction, but often not so much
5. Persistance is important - MS
6. Have a prototype - EG
7. Be ready to address your character - EG
8. Online advertising revenue - EG
9. Don’t take money unless you need it - SH
10. Focus on things that annoy competitors - SH
11. DSon’t be a sheep - SH
12. Great companies are the shadows of great individuals - EG
13. Capital efficiency is a key issue - NB

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