Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (1467)	1/17/1999 11:01:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

SOFTBANK!!!!!*** Updated 15-Jan-99 More Notes From the DLJ Internet Conference The Donaldson, Lufkin & Jenrette Internet Conference is currently being held in San Francisco. Nearly every major Internet company is presenting to the major institutional investors. Here are some more notes from presentations given on Wednesday and Thursday. The bulleted items represent points made by presentators at the conference. Briefing.com comments on those points are presented in italics. Venture Capitalists Panel Here are some overall impressions from a question and answer panel with representatives from some of the leading internet venture capital firms: Bessemer Venture Partners, Benchmark Capital, Capital Research, Draper Fisher, idealab!, and Softbank Holdings. Best opportunities online are those that can't be done in the real world (from Benchmark Capital) Draper Fisher: prefer to invest in information technology in its earliest stages, not revenue generating companies Idealab!: investing only in early stage companies, they generate the ideas 70% in house, with only one-third coming from outside the company Briefing.com: This is similar to CMGI, which invests heavily in companies whose idea starts within CMGI Softbank: Traditional media and commerce will collapse because of the Internet. Investing in the internet involves a real learning curve, nobody really understands what content will be on the internet Briefing.com: note, you are reading content right now. Also, everyone politely refuse to acknowledge that pornography is one of the most successful "content" segements of the Internet currently. No one understands content on the Internet? Guaranteed to be at least the following: Sex, Gambling, Sports, Stocks, probably in that order. Softbank: Bandwidth increases will cause another great boom Briefing.com: This contrasts with AOL's statement yesterday that increased usage will lag behind bandwidth capabilities. E-stores built around very specific produc segments are the next wave. Blending of media/commerce will create a completely different set of companies than we see today. (Expressed by Bessemer Venture) Briefing.com: If true, the Amazon.com vision of becoming a single site for purchase of all consumer items will be frustrated. Draper: Internet access will eventually be free. A second wave of usage is coming which will be driven by lower cost, not greater bandwidth. However, greater bandwidth will encourage more impulse buying. Vertical applications are the next wave (expressed by idealabs!) Briefing.com: This means more specialized sites dedicated to single purposes, not one-site-for-everything type businesses. Content is not what people do online: person-to-person (chat rooms and email) is predominant usage (90%) (Expressed by Capital Research) Draper: Business-to-business commerce is the untouched wave in Internet technology Briefing.com: Broadcast.com emphasized their direction in this area in their presentation BVP: Procurement models will change dramatically. License oriented businesses (software) will become service oriented businesses. Softbank Holdings: invested in an internet phone company, believe that voice over the internet will be free in 2-3 years**