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	<description>...focusing on the evolution and economics of high technology business and strategy.  By day, I am a venture capitalist at Benchmark Capital.</description>
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		<title>On Google, Growth, Pricing Power, and Valuation Multiples</title>
		<link>http://abovethecrowd.com/2010/07/15/on-google-growth-pricing-power-and-valuation-multiples/</link>
		<comments>http://abovethecrowd.com/2010/07/15/on-google-growth-pricing-power-and-valuation-multiples/#comments</comments>
		<pubDate>Fri, 16 Jul 2010 06:49:16 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Web/Tech]]></category>
		<category><![CDATA[Google]]></category>
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		<category><![CDATA[valuation]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=725</guid>
		<description><![CDATA[Last night, Google reported financial results for the second quarter of 2010. While revenue growth was up 24% year over year, revenue was fairly flat compared with Q1 of 2010. Moreover, earnings fell short of average street estimates sending Google down $20 per share (4%) in the aftermarket. Based on current estimates (which might change [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=725&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
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		<slash:comments>19</slash:comments>
	
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		<title>Google’s Acquires ITA: Will Deeper Vertical Integration Lead to Higher Revenues?</title>
		<link>http://abovethecrowd.com/2010/07/08/google%e2%80%99s-acquires-ita-will-deeper-vertical-integration-lead-to-higher-revenues/</link>
		<comments>http://abovethecrowd.com/2010/07/08/google%e2%80%99s-acquires-ita-will-deeper-vertical-integration-lead-to-higher-revenues/#comments</comments>
		<pubDate>Fri, 09 Jul 2010 05:40:18 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Web/Tech]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[ITA]]></category>
		<category><![CDATA[CPC]]></category>
		<category><![CDATA[CPA]]></category>
		<category><![CDATA[LTV]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=705</guid>
		<description><![CDATA[&#8220;It&#8217;s funny how fallin feels like flyin, for a little while&#8230;&#8221; - Jeff Bridges, Crazy Heart Soundtrack On July 1st, Google announced its intention to acquire ITA Software. ITA owns a primarily B2B airfare search and pricing system called QPX. Several of the leading online travel sites, like Orbitz, Kayak, and Bing Travel, use information [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=705&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
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		<slash:comments>11</slash:comments>
	
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			<media:title type="html">bgurley</media:title>
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		<title>When It Comes to Television Content, Affiliate Fees Make the World Go ‘Round</title>
		<link>http://abovethecrowd.com/2010/04/28/affiliate-fees-make-the-world-go-round/</link>
		<comments>http://abovethecrowd.com/2010/04/28/affiliate-fees-make-the-world-go-round/#comments</comments>
		<pubDate>Thu, 29 Apr 2010 04:29:43 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Web/Tech]]></category>
		<category><![CDATA[online video]]></category>
		<category><![CDATA[video]]></category>
		<category><![CDATA[Affiliate Fees]]></category>
		<category><![CDATA[Hollywood]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=637</guid>
		<description><![CDATA[“The clock on the wall&#8217;s moving slower My heart it sinks to the ground And the storm that I thought would blow over Clouds the light of the love that I found” – Fool in the Rain, Led Zeppelin More often than not, we here in Silicon Valley are prone to idealism. We see a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=637&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
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		<slash:comments>49</slash:comments>
	
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			<media:title type="html">bgurley</media:title>
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		<title>Virtual Goods, Accounting, and the Power of the &#8220;Rental&#8221; Model</title>
		<link>http://abovethecrowd.com/2010/02/08/virtual-goods-accounting-and-the-power-of-the-rental-model/</link>
		<comments>http://abovethecrowd.com/2010/02/08/virtual-goods-accounting-and-the-power-of-the-rental-model/#comments</comments>
		<pubDate>Tue, 09 Feb 2010 05:03:06 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Virtual Goods]]></category>
		<category><![CDATA[social networking]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Digital Items]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=589</guid>
		<description><![CDATA[American journalists and corporate executives have been slow to appreciate the beauty, brilliance, and consumer allure of the virtual goods business model.It’s not that they did not have data points – China is chock full of multi-US$billion market capitalization companies that are based on this business model. That said, many luddites predicted it was an [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=589&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
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		<slash:comments>39</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">bgurley</media:title>
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		<title>Android or iPhone? Wrong Question</title>
		<link>http://abovethecrowd.com/2010/01/05/android-or-iphone-wrong-question/</link>
		<comments>http://abovethecrowd.com/2010/01/05/android-or-iphone-wrong-question/#comments</comments>
		<pubDate>Tue, 05 Jan 2010 18:44:16 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Venture Capital]]></category>
		<category><![CDATA[Web/Tech]]></category>
		<category><![CDATA[iphone]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Internet]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=550</guid>
		<description><![CDATA[[Follow Me on Twitter] In a recent New York Times article, Kathryn Huberty, a Morgan Stanley analyst was quoted suggesting that Apple’s iPhone is the key catalyst for an important new technology trend. “Applications make the smartphone trend a revolutionary trend – one we haven’t seen in consumer technology for many years.” This argument rings [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=550&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://abovethecrowd.com/2010/01/05/android-or-iphone-wrong-question/feed/</wfw:commentRss>
		<slash:comments>111</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">bgurley</media:title>
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		<item>
		<title>Google Redefines Disruption: The “Less Than Free” Business Model</title>
		<link>http://abovethecrowd.com/2009/10/29/google-redefines-disruption-the-%e2%80%9cless-than-free%e2%80%9d-business-model/</link>
		<comments>http://abovethecrowd.com/2009/10/29/google-redefines-disruption-the-%e2%80%9cless-than-free%e2%80%9d-business-model/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 08:06:43 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Venture Capital]]></category>
		<category><![CDATA[Web/Tech]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Business Model]]></category>
		<category><![CDATA[Disruption]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[GPS]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Navigation]]></category>
		<category><![CDATA[TomTom]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=492</guid>
		<description><![CDATA[[Follow Me on Twitter] I like to think of myself as an aficionado of business disruption. After all, as a venture capitalist it is imperative to understand ways in which a smaller private company can gain the upper hand on a large incumbent. One of the most successful ways to do this is to change [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=492&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://abovethecrowd.com/2009/10/29/google-redefines-disruption-the-%e2%80%9cless-than-free%e2%80%9d-business-model/feed/</wfw:commentRss>
		<slash:comments>299</slash:comments>
	
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			<media:title type="html">bgurley</media:title>
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		<item>
		<title>Want To Know More About the Future of Internet TV?: Let&#8217;s Look to Korea</title>
		<link>http://abovethecrowd.com/2009/09/29/want-to-know-more-about-the-future-of-internet-tv-lets-look-to-korea/</link>
		<comments>http://abovethecrowd.com/2009/09/29/want-to-know-more-about-the-future-of-internet-tv-lets-look-to-korea/#comments</comments>
		<pubDate>Wed, 30 Sep 2009 01:05:26 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Web/Tech]]></category>
		<category><![CDATA[online video]]></category>
		<category><![CDATA[video]]></category>
		<category><![CDATA[IPTV]]></category>
		<category><![CDATA[Korea]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=472</guid>
		<description><![CDATA[[Follow Me on Twitter] We are clearly at a very important point in time when it comes to Internet video, especially video that is served to your television, but over the Internet (also known as &#8220;over-the-top&#8221; Internet video). Christmas of 2009 and Christmas of 2010 will mark the point in time that Internet menus began [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=472&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://abovethecrowd.com/2009/09/29/want-to-know-more-about-the-future-of-internet-tv-lets-look-to-korea/feed/</wfw:commentRss>
		<slash:comments>9</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">bgurley</media:title>
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			<media:title type="html">megatv</media:title>
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		<item>
		<title>What Is Really Happening to the Venture Capital Industry?</title>
		<link>http://abovethecrowd.com/2009/08/24/what-is-really-happening-to-the-venture-capital-industry/</link>
		<comments>http://abovethecrowd.com/2009/08/24/what-is-really-happening-to-the-venture-capital-industry/#comments</comments>
		<pubDate>Mon, 24 Aug 2009 20:50:24 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Venture Capital]]></category>
		<category><![CDATA[Web/Tech]]></category>
		<category><![CDATA[asset allocation]]></category>
		<category><![CDATA[asset management]]></category>
		<category><![CDATA[LBO]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[Venture]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=439</guid>
		<description><![CDATA[[Follow Me on Twitter] Many are speculating that the year two thousand and nine represents a fundamental turning point for the venture capital industry. Some are arguing that the industry is in dire straits after years of poor performance. Others have argued that the math simply does not work for the industry&#8217;s current size. Another theory suggests that permanent challenges with the IPO [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=439&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://abovethecrowd.com/2009/08/24/what-is-really-happening-to-the-venture-capital-industry/feed/</wfw:commentRss>
		<slash:comments>99</slash:comments>
	
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			<media:title type="html">bgurley</media:title>
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		<title>A Real Time Free Vs Fee Example: Rosetta Stone vs. LiveMocha</title>
		<link>http://abovethecrowd.com/2009/08/20/a-real-time-free-vs-fee-example-rosetta-stone-vs-livemocha/</link>
		<comments>http://abovethecrowd.com/2009/08/20/a-real-time-free-vs-fee-example-rosetta-stone-vs-livemocha/#comments</comments>
		<pubDate>Thu, 20 Aug 2009 19:56:45 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=407</guid>
		<description><![CDATA[As I was driving to work this morning listening to NPR, it became clear to me that this “free vs fee” discussion has some legs (to listen to the NPR piece click here). Last week, Rosetta Stone was back in the news with regards to an earnings miss as well as pulled secondary offering. Over a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=407&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://abovethecrowd.com/2009/08/20/a-real-time-free-vs-fee-example-rosetta-stone-vs-livemocha/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
	
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			<media:title type="html">bgurley</media:title>
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		<title>More IPO News, Ancestry.com Files S-1</title>
		<link>http://abovethecrowd.com/2009/08/04/more-ipo-news-ancestry-com-files-s-1/</link>
		<comments>http://abovethecrowd.com/2009/08/04/more-ipo-news-ancestry-com-files-s-1/#comments</comments>
		<pubDate>Tue, 04 Aug 2009 09:45:57 +0000</pubDate>
		<dc:creator>bgurley</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://abovethecrowd.com/?p=396</guid>
		<description><![CDATA[For those of you that get the subscription VentureWire emails, you may have noticed the subtitle  today &#8220;Recent buyout-backed IPO activity is a positive sign, but don&#8217;t expect any VC-funded IPOs anytime soon.&#8221; It also included the equally pessimistic, &#8220;&#8230;but doesn&#8217;t expect any venture-backed companies to price before Thanksgiving.&#8221; For the life of me, I [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=abovethecrowd.com&blog=3853189&post=396&subd=abovecrowd&ref=&feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://abovethecrowd.com/2009/08/04/more-ipo-news-ancestry-com-files-s-1/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">bgurley</media:title>
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