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Not sure that entirely follows; Gumroad may have existed whether VCs pumped money in or not, but I hear what you're saying. In a way every time you ride in an
by austenallred 8y ago
Not sure that entirely follows; Gumroad may have existed whether VCs pumped money in or not, but I hear what you're saying.
In a way every time you ride in an Uber or Lyft you're capitalizing on investors pumping cash into companies.
Luckily the winners make enough to pay for all the losses of the losers.
- jondubois 8y agoI'm starting to think that you can't achieve anything these days unless you're riding some kind of well capitalized trend.
- austenallred 8y agoOr, alternatively, every trend will be well capitalized
- jondubois 8y agoI think that cause and effect reinforce each other but I think that social connections and capital are stronger forces. Following the money is the most popular overarching trend. I know this because I used to not follow the money at all and it was a big financial mistake for me. I've worked on many trends that were not well capitalized and not given due attention. Especially in open source; there are so many great solutions which are ignored completely. When there is no money, 99% of people leave; the ones that stay are the smartest, most critical-thinking type of people but they're not the kinds of people who can create hype and drive trends towards newsworthy goals because news only cares about money. I work in cryptocurrency now (after a decade of free open source work) and I can attest that it's not the same kind of people. A product without capital almost never gets attention. Capital without a product is what 99% of successful ICOs are. To some extent this is also true for many startups too.