the second round is the killer
Excellent, excellent post by Galbraith.
Joshua deserves his payout. He’s done more for the Internet via memepool.com and geourl and then del.icio.us (essentially single-handedly) than the vast majority of people on the web.
Beware the second round….
David Galbraith – What have successful Web 2.0 companies got in common – they didn’t raise too much VC cash.