Morricone's Bubble

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A presentation on Enio Morricone, the rise of the spaghetti western, and the curse of serial entrepeneurship.

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  • Morricone's Bubble

    1. 1. Morricone’s Bubbles Paul Kedrosky October 31, 2006 Serial Entrepreneurs & the State of Venture Capital
    2. 4. 400 30 0
    3. 5. Il Brutto
    4. 7. “ The traditional venture model seems to us to be broken .” - Steve Dow, Sevin Rosen Funds (NY Times, 10/7/2006)
    5. 10. Julian Simon, 1932 - 1998
    6. 11. The quest for best practices
    7. 16. There are legendary assholes who have done quite well, glad-handers who have also done well, the occasional whiz-kid , and even an aw-shucks guy or two [but] not a single spreadsheet-jockey has ever been successful over the long-haul. What all the best venture capitalists [have] in common is a good gut and some teflon coating that keeps them from getting jaded.  They maintain the capacity to fall in love with new deals even after having had their heart broken a time or two.
    8. 17. Bunny Lebowski : Ulli doesn't care about anything. He's a Nihilist. The Dude : Ah. Must be exhausting. - The Big Lebowski (1998)
    9. 18. Il Buono
    10. 19. 1:8
    11. 21. 1985: $71,000 1990: $9,000 1995: $880 2000: $14.29 2006: $0.50 Data is the Intel Inside 1980: $183,000 / Gb
    12. 22. $145-billion 11% 1.6%
    13. 23. <ul><li>Pepsi: 10x in 5 years (to 10%) </li></ul><ul><li>General Mills: 2x in 1 year </li></ul><ul><li>Kraft: 2x in 1 year </li></ul><ul><li>Anheuser-Busch: 2x in 1 year (to 5%) </li></ul>
    14. 26. MIT currently sequences ¼ million pieces of DNA per day. - Eric Lander (MIT)
    15. 28. Source: “Success and death on Everest,” American Alpine Journal (2003) 3.4% vs. 1.8%
    16. 29. We may not be interested in chaos, but chaos is interested in us. - from “The Breaking of Nations” (2004)
    17. 30. &quot;You go back to what Bach composed and how much Mozart wrote in 33 years, and you see I am unemployed compared to this.&quot; - Ennio Morricone (2001)
    18. 31. [email_address]

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