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"For the first time since 2000, internet and technology entrepreneurs can raise seed capital with little more than a half-formed idea and a dozen PowerPoint sli
by jdp23 16y ago
"For the first time since 2000, internet and technology entrepreneurs can raise seed capital with little more than a half-formed idea and a dozen PowerPoint slides."
Really?
- ccarpenterg 16y agoI think the opposite is true since 2000.
- epo 16y agoWhat is your scepticism? That people can do this now or that it ever stopped being that way?
- jdp23 16y agoThat it's the case now. I'm pretty active in the Seattle entrepreneurial community and that's not at all the situation here.
- dabent 16y agoWhen did YC start? I'm pretty sure they've been funding ideas for a few years now. I think one of them turned out to be Reddit.
- jdp23 16y agoThe ideas that YC funds are much more than half baked, and it's not just a "few powerpoint slides".
- dabent 16y agoI didn't mean that as an insult to YC companies, or YC, but when YC started they were literally funding teams with ideas. In Reddit's case, YC convinced the team to do a different idea than what they had presented. I'm thinking YC now funds more mature companies, but that probably is a sign that there is less of a "bubble" now than there was before.
- jdp23 16y agoInteresting point ... I don't know much about YC back in the early days. Don't get me wrong, I think the right idea should be fundable based on a few PowerPoint slides. I just don't see it happening very often at all.
- nostrademons 16y agoSummer 2005.
- rwhitman 16y ago"The first time since 2000". Hmm, I do believe that is not an accurate statement.