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There is a serious flaw in this analogy. It costs tens of millions of dollars to make a Hollywood blockbuster, and you don't find out if it was money well spent
by geoffschmidt 15y ago
There is a serious flaw in this analogy. It costs tens of millions of dollars to make a Hollywood blockbuster, and you don't find out if it was money well spent until opening weekend. But a couple of unemployed software developers can test out a startup idea for a few thousand dollars, and very plausibly get to millions of users or ramen profitability in a few months if the idea is good.
The incentives are totally different. So even if we agree that consumer media internet startups are becoming formulaic (I sure don't), this isn't the reason why.
- pfraze 15y agoMaybe they're not, but man was the SXSW show floor depressing.
- trafficlight 15y agoFor someone who wasn't there, can you elaborate?
- pfraze 15y agoYeah, I just wasn't very inspired. They were all companies I've known, or undifferentiating copies of companies I've know. On the plus side, I was encouraged about the odds of getting funding.
- geoffschmidt 15y agoIf there were now 10X more startups, but only 2X more ideas per year, would that account for your depression?
- pfraze 15y agoMaybe, but that was't the proportion I saw.