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Lots and lots of things are different now. Salary prospects, for the people they want to fund. Competition from other investors. The follow on ecosystem of inv
by netcan 5y ago
Lots and lots of things are different now.
Salary prospects, for the people they want to fund. Competition from other investors. The follow on ecosystem of investors.
Also the startup opportunities of 2022 Vs 2007.... both "real" differences and differences in belief about said opportunities.
Airbnb, Reddit and such were websites that a clever, motivated 19 year old could build and launch in short time. There are fewer of these opportunities now, and mor opportunities at heavier scale.
- maerF0x0 5y agoin addition to what you said, there is also more global competition for startups. YC has to compete with other cities top incubators on a CoL adjusted opportunity cost. and the bay area is one of (or the) most expensive spot.