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"Angels and YC encourage building dipshit companies that sell for $25 million"
- sendos 16y agoThe title is a paraphrase of sentiments expressed in the linked article and attributed to some unnamed venture capitalists. Not sure I agree with the assessment, but I do see that, as Michael Arrington said, it holds a "kernel of truth". What do some of the more experienced HN'ers think of the assessment? [Personally, I wouldn't mind creating a "dipshit company" that sells for $25 million]
- byoung2 16y agoAs I understand it, it is the venture capitalists who are worried that startups can go from the garage to Google acquisition with just angel money without needing venture capital. So some of that criticism comes from feeling threatened. Michael Arrington, on the other hand, seems to take issue with the fact that some startups are aiming at Google from the start instead of aiming at greatness and landing at Google. Personally, I wouldn't mind creating a "dipshit company" that sells for $25 million Would you rather come up with a great idea you are passionate about and see it through to completion, or build something that you know Google (or similiar) will snap up for $25 million?
- sendos 16y agoWould you rather come up with a great idea you are passionate about and see it through to completion, or build something that you know Google (or similiar) will snap up for $25 million? I prefer the former. But the latter is not a bad outcome either.
- wlievens 16y agoDo the latter first, and then the former a few dozen times :-)