Startonomics

David Sacks

February 6, 2009

A Tale of Two Crashes

“Irrational Exuberance”

Confidence in the New Economy Cratered

The Response Was Web 2.0

Old Economy Bubbles• Real estate• Commodities• Banking • Finance

Web 1.0 Was About Things, Web 2.0 Is About People

We Weren’t Wrong, Just Early

How Worried Should We Be?

We ARE the Bailout

The New New Economy

The Death of Biz Dev

Good Products Are Not the Product of Negotiation

Good Products Are Self-Distributing

APIs Represent a Revolution

Control Your Own Destiny,Focus on Your Value-add

Hollywood is Biz Dev

Expand Your Vision,Narrow Your Scope

Avoid Deep Tech

Not Perfect,But Perfectible

We Were Exuberant,But Not Irrational

Questions