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redeye.firstround.com
Updated - See bottom of post Here at First Round Capital, we see a lot of business plans for consumer-facing internet services. Most assume a significant portion of their revenue comes through advertising -- but almost all of them have a "premium/subscription" option. Typically that subscription revenue accounts for 20-40% of total revenue, and is based on a very low ($1-5/month) subscription fee
One of the few benefits to being a technology investor based outside of Silicon Valley is that I don’t spend all my time in the valley. While I'm out in California every few weeks, I get to spend most of my time in the "real world." Over the last several weeks, I’ve been on several phone pitches from west-coast companies that are looking to be the “flickr of XXXX” or “like del.icio.us but YYYY” o
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