A nice description of the entrepreneurial temperament from Tony Tjan, CEO of Cue Ball:

"Entrepreneurs hold an idealism and risk profile that makes them fundamentally different. They don't think about security—in fact they are often uncomfortable with it ... "

Read the entire article:
http://alwayson.goingon.com/permalink/post/32211

Site applauds recent news from Silicon Valley that increasingly scrutinizing eyes are being put to Internet-based investments. Most notably, VCs now seem more interested in investing in companies projecting non-ad-based revenue models, citing that Accel’s early investment in Facebook might not be repeated today given the social platform’s challenges with monetization.

Social sites are the darling of the VC world at the moment, but a lot of people in the business are wondering about the scary valuation math. Again.

Techcrunch's coverage of Yelp's latest and fourth - yes fourth - round of financing lured a tone of skepticism from nearly all who commented on the post. After two years and $31mm invested, the still unprofitable Yelp! is valued at $200mm. Come again? A figure twenty times the undisclosed-but-rumored-to-be sub $10mm annual revenue mark.

One of the best things that came out of the bust to my mind was that the industry learned to stop confusing eyeballs with valuation. Or has it?