That was a lot of Founders

I just attended this talk "Finding the next Google".  Great panel of entrepreneurs who now pretty much own their own venture capital firms. Peter Thiel co-founder of Paypal, Reid Hoffman founder of LinkedIn, Sean Parker co-founder of Plaxo and Napster and Facebook, and Matt Cohler VP of Facebook. 

Top Lessons:

• It's all about distribution.  You must solve your distribution problem first for consumer internet applications.
• If you aren't embarrassed by your product launch, you waited too long to launch.
• Don't perfect your product before shipping.  Put it out in the market, find out who's using and respond to requested changes fast.

In another VC talk this week Ron Conway said that VC's are still interested in funding more social networking sites and more video sharing sites.  Apparently the market is still huge and they expect there will be plenty of quality social networking sites that can co-exist with Myspace and Youtube being the dominant players.