Gordon Moore, now 86, is still spry and still given to the dry sense of humor for which he has always been known. In an Intel interview this year he said that he had Googled “Moore’s Law” and “Murphy’s Law,” and Moore’s beat Murphy’s by two to one,” demonstrating how ubiquitous is the usage of Dr. Moore’s observation. This week we are commemorating the 50th anniversary of the April 19, 1965 issue of Electronics magazine, in which Dr. Moore first described his vision of doubling the number of transistors on a chip every year or so.
This is the best info-graphic I have seen on the historical evolution of venture capital, from the early days of Arthur Rock to the current trend of “platform” investors offering the “everything in a box” approach to entrepreneurial investment. The evolving venture capital models are overlayed onto a trend graph of the cost of startups contrasted with the number of startups. At first glance one might accept the now common refrain that traditional “venture capital is dead.” When I began my career in Silicon Valley, the typical entrepreneurial growth company needed $5 to $10 Million dollars to launch itself. Today, the argument is that a promising company can be started on $5000 or less, and competitors eager to serve this new market have mushroomed. But is this really the future?