A VC: We Need A New Path To Liquidity

Watching all these machinations between Microsoft, Yahoo!, Google, AOL, News Corp/MySpace, and their ilk makes me sick. They are playing around with Internet assets like they are toys. And meanwhile the services we have come to rely on like Flickr, AIM, Delicious, Yahoo Groups, FeedBurner, etc are an afterthought. The Internet is decomposing into a vast array of micro-services that we, the end user, stitches together to make our own unique web experience. It is the de-portalization of the Internet and it is very real. And yet, these large behemoths are trying to do their normal consolidation play on the Internet. First of all, it’s not going to work. They are destroying value with all of their M&A efforts and the bigger they get, the more value they will destroy, for them and their shareholders.