My partner Brad starts his post on our newest investment, Meetup, with a rumination on what's causing the introspection that we in web investing land are going through. And he ends his thoughts on that topic with the following:

Two things will need to happen if the recent pace of innovation on the web is going to be sustained over the next few years. The next generation of services will need to have an impact on the real world and the real economy, not just an attention economy driven by self expression and discovery online. These new services will also need to reach real people, many of who use few if any web services today.

Brad is the big thinker at our firm and he's been mulling over these changes he talks about since before we raised our new fund last winter. In his post announcing our new fund, Brad said the following:

All of this means that you will see subtle changes in the way we invest
our new fund. We will be even more selective about the early stage Web
services we back, looking for compelling differentiation, a discrete
market focus, and clear evidence of s Read the full article