Frugal Mechanic continues to rock it

Just a quick update for those of you following our investment in Frugal Mechanic: Eric and Tim don’t make much noise but they’re quietly dominating the world of auto parts price comparison. That may not sound like a big market, but DIY auto parts is actually a $19B market in the U.S. alone, and none continue…

‘VC is Broken’, Royalty Based Finance and ‘Class R’ Stock

Since last fall’s economic downturn, dozens of pundits of various stripes have announced the death of venture capital as an asset class. And it’s true (as Paul Kedrosky and the Kauffman Foundation have convincingly argued) that the class is grossly overcapitalized and will have to shrink radically to produce the kinds of returns investors rightfully continue…

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‘Fire + Motion’ at AppStoreHQ

Last week Ian reminded me about Joel Spolsky’s famous blog post on “Fire and Motion” – here’s a key excerpt: “When I was an Israeli paratrooper a general stopped by to give us a little speech about strategy. In infantry battles, he told us, there is only one strategy: Fire and Motion. You move towards continue…