The reality is institutions that invest in high growth have offices globally and talk across offices.
Danny Rimer
It's pretty shocking that the guys in Europe who cover traditional media will cover Google, whereas in the U.S., there are five different equity analysts that will cover the internet universe.
In the Valley, what's happened is you have entrepreneurs that just want to fill a hole in the market and have a rich exit.
I'm always thinking as an outsider, and I'm always mindful of whether a company can be impactful on a global basis. Frankly, I'm paranoid about anyone anywhere who could be a competitive threat.
The best companies are the ones that offer their products for free.
Is Amazon truly the best online buying experience? Absolutely not. Is eBay the best platform for auction? Probably not. Are dating sites like match.com really a reflection of the way people date? Probably not.
To be an entrepreneur in Europe, there is a stigma attached to it. There's a reason why England is known as a nation of shopkeepers. Part of it is the idea that it's better to have a shop and keep it up and running than close the doors and try to do something much more significant.
The next Google is more likely going to come from outside the U.S. Whether it's in Europe, I am not sure. A lot of things have to change.
In Geneva, I was seen as an outsider. In the U.S., I was considered Eurotrash. And in London, I'm seen as an American.
The overall experience Skype provided was superior to other folks because of the underlying architecture and the ability to provide a superior experience.
