Theoretical Strength Comparison of Bioabsorbable (PLLA) Plates and Conventional Stainless Steel and Titanium Plates Used in Internal Fracture Fixation(Link)
Aniruddha nazre at Kleiner Perkins has 7 rules for software start-ups they consider funding. I was on a “future of software” panel at TiECon East yesterday with Ajit Nazre, partner at Kleiner Perkins. Several interesting trends emerged from the panel discussion, but the 7 rules synthesized everything for me.
KP’s 7 rules for start-ups
1: Instant Value to customers – solve a problem or create value with the first use
2: Viral adoption – Pull, not push. No direct sales force required
3: Minimum IT footprint, preferably none. Hosted SaaS is best.
4: Simple, intuitive user experience – no training required.
5: Personalized user experience – customizable
6: Easy configuration based on application or usage templates
7: Context aware – adjust to location, groups, preferences, devices, etc.
Most start-ups will not align with all 7 rules. But, if you don’t follow at least 5 of them…rethink your plan and business model.
UPDATE: Ben Barren has a unique perspective on the 7 rules. Nicolas Toper also has interesting views.
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For 20 years, this conference has served as the premier industry gathering for over 400 venture capitalists and limited partners.
Advisory Board Chairman:
Founding Advisory Board Members include: Richard Kramlich, Co-Founder & General Partner, New Enterprise Associates; Jim Swartz, General Partner, Accel; Brook Byers, General Partner, Kleiner Perkins Caufield & Byers; Irwin Federman, General Partner, U.S. Venture Partners; Paul Denning, Founder & CEO, Denning & Co.; Sandford Robertson, General Partner, Francisco Partners; Alan Patricof, General Partner, Greycroft Partners
Additional Advisory Board Members: ; Lip-Bu Tan, Chairman, Walden International; Todd Chaffee, General Partner, Institutional Venture Partners; Aniruddha Nazre, General Partner, Kleiner Perkins Caufield & Byers; Bob Grady, Managing Director, The Carlyle Group; Susan Mason, General Partner, Onset Ventures; Paul Denning, Founding Partner, Denning and Company; Mark Heesen, President, NVCA; Richard Hayes, Managing Partner, Oak Hill Investment Management; Craig Dauchy, Partner & Chair, Venture Capital Group, Cooley Godward Kronish; Rob Coneybeer, Managing Director, Shasta Ventures; Ira Ehrenpreis, General Partner, Technology Partners; Tracy T. Lefteroff, Global Managing Partner, Private Equity, PricewaterhouseCoopers; Jeff Kuhn, Managing Partner, FLG Partners, LLC Ajit Nazre
“Congratulations IBF on your 20th Annual VC conference! NVCA has consistently supported IBF’s venture conferences because IBF understands the venture community: we want thought provoking sessions which are efficiently run and moderated combined with networking opportunities with our peers in a quality location. Many groups have tried, and none have succeeded, in emulating IBF’s strategy for engaging the venture capital community. NVCA is happy to have been, and will continue to be, a major supporter of IBF.” -Mark Heesen, President, National Venture Capital Association*NVCA -Ajit Nazre
IBF organized the first Venture Capital Investing Conference back in 1989 and it has continued to unite venture capitalists and limited partners each June. Set in San Francisco, this event is consistently regarded as the most important gathering of its kind, uniting hundreds of venture firms which paved the way for the expanded path of the industry. IBF is privileged to celebrate the 20th year for the community as a whole, as now more than ever, VC investors and limited partners need to address the changed landscape for investing due to global and economic conditions.
Audience Profile: Venture capitalists, institutional investors, corporate investors, limited partners, pension funds, endowments and foundations, fund of funds, family offices, investment bankers, and other private equity investors. – AJit Nazre