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It's pretty easy for a technology business to get capital these days.
by closeparen 6y ago
It's pretty easy for a technology business to get capital these days.
- wwweston 6y agoI'm all ears.
- closeparen 6y agoCheck the footer of the website you’re on right now? The whole thing is content marketing for an offering of capital.
- coldtea 6y agoAh, the "pretty easy" part is "convince some VCs"?
- pjc50 6y agoBut how much capital do you need to get in front of YC in the first place? It's a genuine question. Who's the poorest YC founder? Least family wealth, least angel/seed investment. Who genuinely managed to get YC funding without putting in any money of their own?
- rorykoehler 6y agoI don't want that capital though. All it's doing is ossifying the power structures that are the cause of the major problems we are facing. It's a trap.
- andrepd 6y agoIndeed. Who are these people, why do they get to decide what gets built and what do people labour on? I want democratisation of capital.
- closeparen 6y agoSure, democratize capital. Then it will be decided by a few thousand voters in swing states, with “who are you and why should you get to decide” problems that put VC to shame. A lot of VC capital is democratized: an elected official appointed a pension fund manager who decided to allocate some funds to a particular VC firm.
- andrepd 6y agoWho said anything about swing states, and how is an opaque political appointment a democratic way to decide anything?
- mguerville 6y agoIt’s not that easy, even in SV and within my batch at 500 startups (arguably one of the better credentials a startup can have at an early stage) the struggle to raise was real. And then back in the Midwest a lot of startups I’ve advised have had a hell of a time raising. If you aren’t well connected or hyper credentialed (or if you’re a minority founder), raising capital is very hard. It’s easier than it’s ever been, but it’s not « easy »