How the Cloud Cuts VC Dependencies and Democratizes Entrepreneurship
Back in the fall of 2000, the buzz at the Internet World conference centered on two things: the NASDAQ meltdown and a number of acquisitions. One of the big acquisitions announced at the show was HP’s deal to purchase Bluestone Software for $450 million. With VC money left to burn before the acquisition closed, Bluestone threw a huge party, renting out the entire U.S.S. Intrepid museum, hiring several popular bands to play below decks in the massive aircraft carrier, and inviting anyone and everyone at the conference to the blow-out party.
A move like that would be unheard of today. Not just because that kind of reckless spending is now frowned upon, but also because few startups will have raised excess VC money that is burning a hole in their corporate pockets…

