“Jeff had helped me turn down pretty much every database company that ever existed, and he said, this is the one. And, you know, if we were at Facebook, we could do it all over again. This is the product we wish we could use”
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More from Peter Fenton
Opinion
'Product market fit' is an overused tautology
“Product market fit. Which, I mean, if I hear that again, that's where, big data, whatever big data went to, or Synergy I mean, it's such a tautology, you know, it's like, yeah, ok, people want what you've built a product that people want to buy, it's so insigh…”
Peter FentonMar 18, 2016▶ 7:08A Fireside Chat with Benchmark General Partner Peter Fenton (Data Driven NYC / FirstMark)
Insight
Safe and calm entrepreneurs rarely profoundly change the world
“Because if you're in that meeting, and the entrepreneur makes you feel safe and calm, and, ah, you know, kind of, ah, very much in the linear mindset, ah, they're not likely to, you know, profoundly change the world.”
Peter FentonMar 18, 2016▶ 5:54A Fireside Chat with Benchmark General Partner Peter Fenton (Data Driven NYC / FirstMark)
Insight
Investors should follow top founders rather than set sector theses
“We had to actually follow, in many ways, follow the instincts of the best people of their generation, because they're chasing the things that have the highest rate of change, that are at the intersection of a collision of different sectors and segments”
Peter FentonMar 18, 2016▶ 13:01A Fireside Chat with Benchmark General Partner Peter Fenton (Data Driven NYC / FirstMark)
Insight
OpenCore monetization fails on developer tools
“Doing open core on a developer tool is not going to get you very far.”
Peter FentonMar 18, 2016▶ 20:57A Fireside Chat with Benchmark General Partner Peter Fenton (Data Driven NYC / FirstMark)
Insight
Premature open source monetization invites competition
“If you try and monetize and constrain adoption, you're just gonna open the door for another company to come in and compete with you”
Peter FentonMar 18, 2016▶ 21:58A Fireside Chat with Benchmark General Partner Peter Fenton (Data Driven NYC / FirstMark)
Opinion
Competing with Amazon is the biggest challenge for open source
“The issue, the single biggest issue facing open source business models is not I don't think hosted versus packaged like Red Hat. It's how do you deal with Amazon?”
Peter FentonMar 18, 2016▶ 24:36A Fireside Chat with Benchmark General Partner Peter Fenton (Data Driven NYC / FirstMark)
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