9 Things to Be Thankful For This Year 5 comments
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1) The economic meltdown/panic of 2008 is largely over. The economy is still weak but markets are functioning and buyers are buying and sellers are selling.
2) The FCC has submitted a proposal for rulemaking on net neutrality.
3) Android (GOOG) looks to be a winner and will give the iPhone a much needed competitor to keep Apple (AAPL) honest.
4) Bing (MSFT) is showing some signs of life and may give Google a much needed competitor to keep them honest (this one may be wishful thinking).
5) Venture Capital investing is bouncing back (click to enlarge):
6) The NY Metro venture investing market is bouncing back even more sharply:
7) Programs like Y Combinator, Techstars, Seedcamp, etc are expanding all over the country and now the world, turning out newly minted entrepreneurs by the thousands.
8) A secondary market for founder stock, employee stock, and angel and early stage investor's shares is emerging, offering the possibility of a third way to get liquid on startup investments.
9) The NASDAQ's Internet Index is up 128% over the past year suggesting that Wall Street loves the internet sector again. Can a vibrant Internet IPO market be far away?
10) Yesterday was Thanksgiving, a day to forget all of this stuff and spend time cooking, eating, watching football, and hanging with good friends and family. That's what I did and I hope all of you did too.
Note: The charts on venture investing in this post come from the PWC Money Tree survey for Q3 2009.
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Yeah?
One word: Dubai.
No turkey yesterday, the BMI is too high. So I'm making chicken lentil soup, with celery and collards thrown in.