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I welcome the reckoning honestly, I think there was a whole decade or more of this myth that tech startups just print money and that young, hip, techie folks we
by iamcasen 7y ago
I welcome the reckoning honestly, I think there was a whole decade or more of this myth that tech startups just print money and that young, hip, techie folks were at the forefront of innovation. The reality was just that many, many idiots were flush with VC money, and that there was very little intelligent business going on.
Most startups I worked at seemed to care more about their slick office space and their culture than the bottom line, equating a successful round of funding with actual business success.
That being said, I won't deny that the well known tech companies did change culture dramatically (Netflix, Google, Amazon, AirBnb, Uber, Facebook, etc).
These days I really prefer the "bootstrapped" business scene. Companies that start small, and are forced to make revenues early on to stay afloat. Why the need to build 100 billion dollar businesses? What's wrong with 50 million dollar businesses? Rather than starting with some grand vision, why not start with the basics: I can create value in x way, and meet the needs of y market. From there it's all just managing finances, spending time wisely, and making tough trade-offs, the hallmarks of any business.