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David is a General Partner at August Capital where he invests in early stage software, infrastructure and Internet related companies. Prior to joining August Capital, David was a corporate and licensing attorney who represented and advised numerous Internet and enterprise software startups. David works with or has worked with such companies as Yahoo, Six Apart, Evite, Tickle, PayCycle, Ofoto, When.com, WhoWhere?, DoneRight and Sonique. David has taught Computer Music at Stanford, legal writing at Harvard Law School and teaches Intellectual Property and Business at Stanford's Graduate School of Business. David has written for the Journal of Law and Business, The Harvard Journal of Law and Technology and was a founding editor of and frequent contributor to Actual Malice, Stanford's short-lived satire magazine. David's musings on life can be found on SaysMe, his personal blog. He is also a contributor to the TEDblog.


Discussion On Sending Aardvark Off to Google U.

After a bunch of early speculation , it was announced last week that Google has on Sending Aardvark Off to Google U. in the Venture Blog at Corporate Factors - Business & Venture Capital Forums
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Old 02-21-2010, 06:45 AM   #1 (permalink)
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Default Sending Aardvark Off to Google U.

After a bunch of early speculation, it was announced last week that Google has acquired Aardvark. It didn't surprise me one bit that Google wanted to own Aardvark. Aardvark is completely awesome. And I am going to miss lending a hand in building this amazing company.

About a year and a half ago I first met with Max Ventilla, founder and CEO of Aardvark, to talk about his company. That meeting was on a Friday. And after the meeting I rushed to get Max and his co-founders (Rob Spiro, Nathan Stoll and Damon Horowitz) in to meet my partners the following Monday. My partners had the same reaction to Aardvark that I did -- love at first sight. And so we quickly gave the team a term sheet to fund their Series A. But we weren't alone. In the period of two weeks, Max and team managed to wrangle a handful of term sheets from fantastic firms.

Why was there so much excitement about what Aardvark was doing? As I've written before, Aardvark manages to solve a major problem with search today -- search quality is going down while the utility of social relationships in answering subjective questions is going up. By tapping your friends, Aardvark is able to get you better answers to the questions you are actually asking with less bias. That's awfully valuable, as Google well knew. And rather than let Aardvark chip away at their search dominance, Google decided to bring them into the fold.

But the brilliance of the Aardvark service wasn't the only reason Google bought the company. Aardvark had managed to amass one of the most impressive collections of talent around. As I've seen again and again, great teams attract great talent. The rich get richer. And Aardvark was a perfect example of that. The extraordinary talent in the company made it possible to bring on increasingly impressive entrepreneurs, technologists, Ph.D's, business people. By the time Google bought Aardvark, there were dozens of talented folks involved in the company. Now those dozens of talented people will add to the collective horsepower of Google.

Aardvark is a fantastic example of why the Venture business is so much fun. I have the great good fortune to work with some of the smartest folks on the planet building amazing technology that will literally change the world. As jobs go, it doesn't get much better than that. Watching Aardvark get acquired by Google at such a young age is a bit like sending your kids off to college -- you are excited for them and proud of all that they have accomplished, but you know that you'll miss the chance to play a bigger role in the amazing stuff that's yet to come.

Congratulations to the entire entire Aardvark team. I'll miss you. Good luck at Google U.



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