"there’s a disturbing trend developing of people deciding to found a company simply to get rich."
- ok I have to stop you there. This is not a new developing trend. It has always been a part of tech startup lore. If there is any current trend it's the democratization of startups. 10 years ago you needed $10 million in funding to build something real. 5 years ago $3 to $5 million. Today that's probably $1 -$2 million. The interesting thing about startups _today_ is that you can build real, decent, 10's or 100+ people startups without having to raise gazilions of $'s. Prior to very recently it was go big or go home entirely.
Which is a good point. Has anyone done any analysis on the YC/500 alums that fall in-between the Billion Startup Club and failing? My guess is there might be literally 100's of Olarks that are really great places to work with interesting teams doing millions in revenue that never needed to raise big dough. That option didn't really exist 5 or 10 years ago. The option to strike it rich though always has.
- ok I have to stop you there. This is not a new developing trend. It has always been a part of tech startup lore. If there is any current trend it's the democratization of startups. 10 years ago you needed $10 million in funding to build something real. 5 years ago $3 to $5 million. Today that's probably $1 -$2 million. The interesting thing about startups _today_ is that you can build real, decent, 10's or 100+ people startups without having to raise gazilions of $'s. Prior to very recently it was go big or go home entirely.
Which is a good point. Has anyone done any analysis on the YC/500 alums that fall in-between the Billion Startup Club and failing? My guess is there might be literally 100's of Olarks that are really great places to work with interesting teams doing millions in revenue that never needed to raise big dough. That option didn't really exist 5 or 10 years ago. The option to strike it rich though always has.