April 9, 2006
One of the many lessons I have learned in the venture industry is not to invest in ventures whose success is in any meaningful way dependent on monopolists. Monopolists and startups are a bad mix. (Yes, I've learned the hard way).
Nonetheless, after having sworn off the event for life, I find myself heading down to Atlanta tomorrow for a couple days at this year's National Cable Show. I do have 3 portfolio CEO's attending, so if nothing else it will be a convenient time to get a bunch of meetings and recruiting interviews done.
But I am still gritting my teeth about it.
In my inbox tonight was an email excerpting an interview with the CEO of a major MSO, who, among other things, proclaimed his company's substantial "focus on innovation."
Now, it is not my style to be particularly harsh or controversial, but…cable operators being innovative? Give me a break!