Monday, September 17, 2007

StartUps Beginning to have More Power

Anytime a fellow USC Trojan is talked about in the context of success, I'm a happy guy. Aaron Levie and his partner, who managed to start, an online storage company with $11,000 in poker winnings, along with Mark Cuban's $350,000 investment (later kicking Cuban to the curb...just like the Warriors did last year) is now quite successful.

Now the two 20 something year olds are leading a successful Web 2.0 company, with lots of funding and a marketing strategy that according to Levie mirrors a "time-tested" technique used by drug dealers. He may be smart but may need a better PR strategy. E-mail me!

One thing is for sure, the lower cost of barrier to entry with open source and cheaper resources has anyone with a decent idea able to test whether it will be successful. Expect many more start-ups and more VCs looking to invest.

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