Why Facebook is Killing Silicon Valley (by Steve Blank)
As a venture capitalist, who are you gonna invest in? A biotech company that won’t see a dime in revenue for ten years (if ever), or a social media company that could blow up and get you 100s of millions, if not billions, in 3-5 years?
The choice is obvious, and it’s wrecking the startup community. 
We need startups and innovation in every sector, not just social media, software, and web technology. But as an investor, how do you justify investing in anything else? Some of the best risk-reward ratios in history are being found in these sectors — I dare you to go throw $1m at someone who says they’ll have a cure for cancer in ten years.
When everyone’s moving into an industry, it’s time to get out.
Or fix the underlying problem — there’s a lack of funding available for non-tech startups (or high-tech startups).
http://www.entrepreneur.com/article/223602

Why Facebook is Killing Silicon Valley (by Steve Blank)

As a venture capitalist, who are you gonna invest in? A biotech company that won’t see a dime in revenue for ten years (if ever), or a social media company that could blow up and get you 100s of millions, if not billions, in 3-5 years?

The choice is obvious, and it’s wrecking the startup community. 

We need startups and innovation in every sector, not just social media, software, and web technology. But as an investor, how do you justify investing in anything else? Some of the best risk-reward ratios in history are being found in these sectors — I dare you to go throw $1m at someone who says they’ll have a cure for cancer in ten years.

When everyone’s moving into an industry, it’s time to get out.

Or fix the underlying problem — there’s a lack of funding available for non-tech startups (or high-tech startups).

http://www.entrepreneur.com/article/223602

Gamification is everywhere — people are talking about it, betting on it, trying to integrate it into their businesses and projects, etc. Points and badges increase user engagement! Let’s just start chucking points and badges at everybody!!
This isn’t gamification. 
Gamification is about clear goals, actionable items, immediate feedback, and progress tracking within a constrained system that encourages creativity and individual thinking. 
Keep an eye on it folks, otherwise you’re not gonna see it coming.
http://www.entrepreneur.com/blog/223606

Gamification is everywhere — people are talking about it, betting on it, trying to integrate it into their businesses and projects, etc. Points and badges increase user engagement! Let’s just start chucking points and badges at everybody!!

This isn’t gamification. 

Gamification is about clear goals, actionable items, immediate feedback, and progress tracking within a constrained system that encourages creativity and individual thinking. 

Keep an eye on it folks, otherwise you’re not gonna see it coming.

http://www.entrepreneur.com/blog/223606