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Think Big. Move Fast.

Today is an exciting day for Nimble Storage. We are fortunate to be early investors and partners to the company, having made our initial investment during the depths of the global financial collapse in late 2008. Nimble successfully completed its IPO on the NYSE today – a testament to the team’s vision and execution.

At Lightspeed, we had identified the flash storage trend in early 2007 with an investment in Pliant Technology, a manufacturer of SSDs that was later acquired by SanDisk. Our investment in Pliant gave us an early view into how flash memory would fit into next generation storage systems, and how quickly those systems would make their way into the Enterprise. We blogged about the potential for hybrid storage in late 2007 and 2008.  During that time, the Nimble team of storage and software experts recognized the opportunity to develop a platform that would transform the industry.  They built their platform from the ground up, starting with a fundamentally new file system software that takes advantage of the high performance characteristics of flash memory and the capacity and low cost of disk. Over 2,100 end-customers later, Nimble is a public company.

We salute the entire team at Nimble Storage.

 

@barryeggers @jvrionis

 

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New content sites like Buzzfeed, Upworthy, ViralNova and PolicyMic*are growing fast through social sharing. Yesterday Facebook made some changes to their newsfeed algorithm that will deprecate low quality memes and highlight high quality stories that get clicked and read a lot. I have a guest post over at Forbes about why the combination of these two trends will make high quality content king once again.

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Bitcoin has been on a nice run over the last few months, currently trading above $500 USD/BTC.

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A large driver of the run up has been growing demand for Bitcoin in China. BTC China has always been the biggest Bitcoin exchange in China, and is now the biggest Bitcoin exchange in the world.

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We’ve been bullish about the opportunities in Bitcoin for a while and are excited to be able to announce that, together with our partners in China at Lightspeed China Partners, we are investors in BTC China.

We have long believed that a lot of the innovation in Bitcoin will come from outside the US, and BTCChina is proving out this thesis. The opportunity for innovation that Bitcoin will enable in China is truly enormous, given the scale and growth of e-commerce, remittance, microtransactions and payments in that country.  and  The company is led by Bobby Lee, an extremely experienced technologist and leader. We believe that mature management is going to be a critical factor in navigating the regulatory, security and business challenges in the Bitcoin ecosystems, and Bobby and his cofounders, Linke Yang and Xiaoyu Huang, are ideally suited to continue to lead innovation in the Chinese Bitcoin environment and, eventually, beyond China’s borders

We’re excited to support them on their journey!

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In yesterday’s Facebook earnings call, a lot of concern has been raised about how teen usage on Facebook has dropped slightly. Said Facebook’s CFO:

“Our best analysis of youth engagement in the U.S. reveals that usage of Facebook among

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Social media sites by definition involve user generated content. In some cases, like Youtube comments or Chatroulette, that makes for some unpleasant behavior. In other cases, like Pinterest and Quora, the better angels of our nature win out. The difference …

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We all know that internet usage is steadily shifting over to mobile. We also know that mobile phones are not just mini laptops. User behavior changes on mobile phones. I have a guest column in Pando Daily today that talks …

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Education is a topic near and dear to my heart. Today I attended the demo day for Co.lab, an incubator focused on the intersection of edtech and games. Co.lab is a joint venture between the non profit venture philanthropy …

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This morning, John Schroeder, CEO of MapR, shared a great post on what it takes to run a company that is “Built to Last.” As John writes, being “built to last” is an idea that is arguably most relevant in …

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Successful media is entertaining. It has to be to get you to keep coming back day after day, many times a day.

Getting this right requires a mix of serendipity and high value content. Not enough high value content and …

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Joe Lonsdale (co-founder of Palantir, Addepar and Formation8)  kicked off a meaningful conversation with us on building  multi-billion dollar businesses in big data at one of our recent Lightspeed Dinner Series events this week.

Lightspeed Dinner Series on Big Data with Joe Lonsdale from Formation 8

Lightspeed Dinner Series on Big Data

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