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Despite what some confused people say, there's actually not enough seed funding. Many thousands more teams would try their hand at creating something, given the
by staunch 11y ago
Despite what some confused people say, there's actually not enough seed funding. Many thousands more teams would try their hand at creating something, given the kind of help that successful startups have all required. Most would fail and try again. A few of them would change the world.
A team of skilled and committed people should not have difficulty raising $50k to work on something important. When the same team can easily get paid $500k+/yr working for existing companies, but can't raise seed funding, there's a big opportunity being missed.
The big shift in Silicon Valley will come when a firm decides to fund every worthy startup on their merits alone, doing away with the "culture fit" based screening process that everyone uses today.
Any top investor could raise a large fund and back every single worthy startup.
- garry 11y agoI agree that there is a big opportunity here but suspect long term this will be solved in a different way: more great benevolent former founder seed investors will emerge and more startups will be funded.