What Venture Capitalists want

Sustainable competitive advantage, that’s what Warren Buffett, one of the most famous investors in the world, said he looks for in a company. So to determine if you do know your competitive advantage Erica Olsen suggests to answer the following questions in less than 30 seconds, succinctly with clarity.

What is your company goot at?

But a list of strenghts it’s not your competitive advantage, you need to clarify which is your unique advantage. Read the full story, and if you’re really thinking to start a new company have a look at David Spitz presentation, it’s worth a click.

But.. what about the amount of VC funding invested this year in the Linux and open source-related vendors? A rough extimation says open source funding was up 131% to $404.5m in 2006, and you better take notice.