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This is just silicon valley growing up and joining the actual business world. It used to be a blank check, now people are asking questions about finances, valu
by jorblumesea 10y ago
This is just silicon valley growing up and joining the actual business world. It used to be a blank check, now people are asking questions about finances, valuation. VCs, startups were some super risky exotic venture. Now that it's become more commonplace, more common business controls are being put into place. Startup == small agile business.
This is a good sign, in my opinion. It means the word startup is no longer some rocket to the stars but means a small business with bootstrapped capital that may or may not make it. Like every other small business tbh. VC has become a legitimate vehicle for investment and returns and not some exotic moonshot project. Therefore, financials are now questioned.
- astazangasta 10y agoI thought we "grew up and joined the actual business world" right after the last crash happened? It seems we regressed at some point in the interim...
- mattmanser 10y agoThat's an odd thing to say, this exact same scenario happened before in the 90s in the exact same place for the exact same reasons. It's called the dot-com bubble if you're too young to know about it: https://en.m.wikipedia.org/wiki/Dot-com_bubble https://en.m.wikipedia.org/wiki/Dot-com_bubble There's lots of good books and stories about it if you're into tech and VC stuff.