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Bingo. A strong exit on a web startup is a great way to fund something more ambitious.
by MatthewPhillips 16y ago
Bingo. A strong exit on a web startup is a great way to fund something more ambitious.
- Klonoar 16y agoSo let's get this straight here. You're saying that you advocate a good exit on a web startup, so you can poor that money into a product/tool/etc that might benefit mankind more? The money any typical exit makes will be around the same amount you'd get from a VC; sure, there's the rare cases like Musk/etc, but those are just that - rare cases. You may as well just go out and get VC funding for the ambitious venture. On top of this, a large portion of startups in the valley will take ~1 million in funding (at least) for some mundane task, then just slowly wither and die, never to be heard from again. If you took 7 of these and combined their engineers and funding, you're telling me you couldn't produce something worthwhile in a venue that mattered? Look, I get it - entertainment is a huge industry, this isn't changing. What I'm arguing against here (and yes, sick and tired of) is the perceived notion that Silicon Valley is a place that is "innovative" when 90% of the startups there are entertainment based. Like it or not, SV is seen as a bastion of innovation in regards to the USA... and we're producing services to go out and eat with random people. If, as a country, we want to out-innovate China/whoever in the long run, we'd do pretty damn well to cut the crap and focus on actually pushing the world forward.