Defiance of the "Venture Capital" Model [video] - Panel with Guy Kawasaki, Fark, Hi5, Suicide Girls, HotOrNot

I personally found the video really interesting and it was hilarious too. Following things i liked particularly:

1.Although they seemed to stumble on success by accident it was there adaptability that made that possible, and its not like they just sat still and got lucky (well maybe fark was pure luck :) ). Also other people in there position may not have been able to capitalise on their success, so it’s interesting to hear how they did that and continue to do so. 2. The comment from Max Levchin in the 50th minute about the fabric of viral mediums was very interesting. Interesting to consider how the internet world is getting more viral and how you can tap into that.

Marked up the article because it's hilarious, but honestly I don't know what I'm getting out of it. It's a panel of 6 people who won the lottery [meaning, in Paul's nomenclature, only 1 or 2 were actually trying to actually build wealth or solve a difficult problem]. Well, there is a lesson- be responsive to your audience, and when they start coming in droves do what they want, and then sell advertising.

I'm a huge fan of anything that Kawasaki says -- not necessarily for its literal content (though he usually says some good stuff) -- but because he always conveys his message beautifully.

Great video and very funny. I planned on being at CommunityNext, which was just this past Saturday I think, but I couldn't make it. This turned out to be one of the better panels I've watched and, fortunately for me, I missed out being in the audience!

Did anyone here happen to attend? If so, what other great stuff did I miss?

The best ideas come from people who build applications out of passion or they saw a need. A lot of these sites did not begin with the intention of making money or with a business goal in mind. I think people who build with the intention of making money in mind - lose because it's no longer building out of passion which is needed to get people through sleepless nights.

Interesting that two of these companies had NO co-founder. Hmmm... There seems to be a lot of emphasis in the YC companies on finding a co-founder, a partner, etc.