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Well put. That is one of the fundamental problems with the economy of the current tech startup boom. There is too much of a winner-take-all dynamic. From the VC
by eecsninja 10y ago
Well put. That is one of the fundamental problems with the economy of the current tech startup boom. There is too much of a winner-take-all dynamic. From the VC's perspective, it doesn't matter whether the portfolio is 10 or 1000 companies, as long as you get that home run. But to each individual founder, it's the difference between a 1/10 and 1/1000 shot at success.
Staying at Facebook/Google/etc seems to be the way to go these days...
- mathattack 10y agoThe other alternative is to come up with an idea that doesn't require scale, that can become cashflow positive more quickly. You can do this in software by attacking a very narrow niche, or by doing a services-heavy business. Neither creates a unicorn, but both can be stable.
- eecsninja 10y agoYes but good luck competing with the big VC funded companies for publicity!