My daily readings 10/22/2010

  • tags: Social web

    • Of them, it was Pincus who probably had the most interesting thing to say. “In five years, everybody will always be connected to each other, instead of the web,” he noted. He said that he often thinks of today’s social companies as “dial tones”. That is, they’re merely entry points for these social connections.
    • The Kleiner Perkins partner will be spearheading the firm’s new sFund and, like John Doerr, fully believes that the era of social is just beginning. Just how much will social balloon in the short term? Gordon sees exponential-like growth, expecting the social space to grow 10 to 25x in the next five years.

      “We think that social is going to be so big, the social category, I think it could be, the category growth in social could grow 10 to 25 times in 5 years and every company that’s out there has venture upside no matter how big they are right now…We want the freedom to get the venture style returns… but do it with the most interesting people.”

  • tags: Social web

    • October 21, 2010 – Palo Alto, Calif. – Kleiner Perkins Caufield & Byers (KPCB) today announced the sFund, a new $250 million initiative to invest in entrepreneurs inventing social applications and services. Amazon.com, Facebook, and Zynga, the leading companies defining today’s social and online environment; entertainment and media leaders Comcast and Liberty Media and Allen & Company, LLC, have committed to invest in the sFund and serve as strategic partners. The sFund will provide financing, counsel, and relationship capital for a new generation of entrepreneurs to deliver on the promise of the social web.
    • The sFund will be led by KPCB partner Bing Gordon, former chief creative officer and longtime executive at Electronic Arts and board director of Amazon.com and Zynga. Gordon said, “Social is just getting started and the opportunities are vast. As in the early days of the Internet, the race is on. Today every business, organization, and entrepreneur should have a social strategy.”
    • Mark Zuckerberg, CEO of Facebook, said, “The Web is being rebuilt around people, and we’re at a point where any app, website, or device can be designed to be social from the ground up. We’re focused on enabling entrepreneurs to build companies that can disrupt their industries.”
    • All anchor investors in the sFund initiative are prioritizing developer services for entrepreneurs, who will be part of an active ecosystem. The strategic partners launching the sFund each bring unique contributions. Amazon Web Services (AWS) will provide AWS Getting-Started Support for one year, priority access to worldwide Startup Events, and dedicated business and technical support. Facebook will contribute access to its platform teams, beta APIs, and new programs, like Facebook Credits. Zynga will host periodic sessions with sFund companies to focus on management and technical development, including open source collaboration. Comcast Interactive Capital, Comcast’s venture fund, will provide access to Comcast’s resources,

      teams, and relationships.

Posted from Diigo. The rest of my favorite links are here.

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