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Up until early summer 1998, eBay’s primary competition was Jerry Kaplan’s Onsale Exchange, which had launched in October 1997 and had failed to attract a critical mass. When Bob Kagle introduced eBay to Benchmark’s limited partners at the annual meeting in early June, eBay had an 89 percent market share. Kagle said that the company anticipated

Randall E. Stross • eBoys: The First Inside Account of Venture Capitalists at Work

You can’t understand personal computing and the techno-economic transition it brought about if you don’t keep in mind that it was all about radical entrepreneurs sealing an alliance with returns-hungry venture capitalists.

Nicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age

Average Is Over,

Paul Vigna , Michael J. Casey • The Age of Cryptocurrency

Because this idea that the Internet’s gonna become incredibly democratic? I mean, if you’ve spent any time on the Web, you know that it’s not gonna be, because that’s completely overwhelming. There are four trillion bits coming at you, 99 percent of them are shit, and it’s too much work to do triage to decide.

So, it’s very clearly, very soon... See more

Controlling valuable pillars of internet utility -- the flow of information, social connections, music and video delivery -- has created tremendous wealth for a few while very little for stakeholders not on the company’s cap table.

Michael Lazerow • Venture Capital in a Decentralized World

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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon

Then there was the man who gave his name to the era, Ronald Reagan, crusader against big government, defender of deregulated markets, standard-bearer of what he called “the decade of the entrepreneur.” For the Great Communicator, no place or industry better exemplified American free enterprise at work than Silicon Valley, and he was particularly

Margaret O'Mara • The Code

Paradoxically, the challenge for the entrepreneurs who will create Energy 2.0 is to think small.

Peter Thiel, Blake Masters • Zero to One

A venture capitalist in today’s economy can fund a company like Instagram, which was eventually sold for a billion dollars, while employing only thirteen people.