From the WSJ article:
Don Dodge, a startup investor and well-known “developer advocate” for Google, said today’s startups are more focused than ever on revenue—as evidenced by the large revenue-growth charts most of them showed off during the presentations to investors. In prior years, founders focused more on the number of people using their service, he said.
Refreshingly, he said, there are no longer social-networking-related startups. “It’s run its course,” he said. “Now startups are more focused on solving boring problems that make money,” said Dodge, who last year invested in a YC company that helps programmers create mobile apps.
I wouldn't be surprised if he's being tongue-in-cheek by saying 'boring'. Or at least, it's not meant to be negative. Besides, there are lots of boring problems that can be made into interesting and beautiful solutions. For example, Square is made payment processing into an elegant and holistic experience.
Don Dodge, a startup investor and well-known “developer advocate” for Google, said today’s startups are more focused than ever on revenue—as evidenced by the large revenue-growth charts most of them showed off during the presentations to investors. In prior years, founders focused more on the number of people using their service, he said.
Refreshingly, he said, there are no longer social-networking-related startups. “It’s run its course,” he said. “Now startups are more focused on solving boring problems that make money,” said Dodge, who last year invested in a YC company that helps programmers create mobile apps.
I wouldn't be surprised if he's being tongue-in-cheek by saying 'boring'. Or at least, it's not meant to be negative. Besides, there are lots of boring problems that can be made into interesting and beautiful solutions. For example, Square is made payment processing into an elegant and holistic experience.