Next week is GigaOm Structure. I have gone from attending as a blogger, to working freelance as a GigaOm Pro Analyst, to speaking at the conference. This next one I am moderating a panel discussion on a Private Cloud with Revlon and NetApp.
You could look at what I did as like coming up through the mail room, but another way is I was spending time in various roles to get a better understanding. The folks at GigaOm eventually figured out how much I knew and started using my skills more. One of the latest insights on GigaOm was when I was talking to one of my old bosses at Microsoft Frank Artale. Frank is a partner at the VC firm Ignition Ventures. Besides working for Frank on Windows 2000 he is also on Lake Sammamish and he likes to cook. Next time I see Frank we need to talk about his kitchen vs. my woodstone oven. But more relevant is the last time I saw Frank at GigaOm Structure Data he mentioned how many VCs are at the show. I paid more attention and have gone through the attendee list and 2nd after the the technology companies (which have the highest attendee) is the VC community. There are more VC than press. There are more VC than infrastructure or cloud people. And when I started hanging out with a few folks their most often side conversation was with another VC.
GigaOm's Om Malik posts on the Waze business model of selling to Google for $1 bil and cuts to the point of the challenge for Waze's business model.
I've had chances to chat more with Om and shared cab rides in NYC. Om knows lots of stuff including how the VC community works and how to look at start ups. The #1 issue for selling a company is whether the VCs who supplied the money approve of the sale. If they don't, you can't sell.
The big winners in this deal are investors that include Magma Ventures, Blue Run Ventures and Vertex Ventures, who were earliest backers of the company. Sources say they each made well north of $100 million from the deal. The surprise (and ironic) winner might be Microsoft, which is rumored to have invested in the company as a strategic investor.