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We have reached a point in our industry where it is a race to the bottom for tech startups. Cloud computing, language frameworks, and other SAAS offerings have
by blantonl 3y ago
We have reached a point in our industry where it is a race to the bottom for tech startups. Cloud computing, language frameworks, and other SAAS offerings have resulted in the vast majority of "startups" these days just being a group of people putting legos together, packaging it up, and raising money as "the next best 'x'" when a,b,c,d,e,f,g already exists.
It is no longer going to be feasible for a Stanford/Harvard college drop-out to be able to bolt together 15 different SAAS offerings into a package and tell investors THIS will change the world.
- pcarolan 3y agoPeople will always be willing to pay for great products that solve problems. I think the hype dying down will be good for everyone.
- spamizbad 3y agoHow many lego-brick-assembly startups actually had large exits before they transitioned into something more sophisticated? Seems like a bunch of those types raised big and then basically became zombies slowly burn their cash pile, but every savvy potential acquirer recognized they could roll their own for much less than their desired acquisition price. And those that didn't matured/pivoted/whatever into something that could not simply be written off as lego-bricking solutions.