Defining a VC and more apps rule

2 quick links

1) The definition of a venture capital fund – from the SEC

The only people who’s definition of a venture capitalist matter are the SEC and investors in private equity funds. And, well, the SEC just decided what a venture capital fund is. I’ve been following Dan Primack as he writes this one up. See the definition here.

2) Apps rule; the web is dead

Scroble has a solid piece on how it is clear that apps are beating the web, yet many tech industry experts are not willing to believe it. His basic point is – look at how normal people use their devices, and you’ll see that it is totally app centric. Ignore users preferences and workflow at your own peril. Check out my last post on app usage surpassing web browsing for more data

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