3 ms·
I think what both Dave and Fred echoed is something that that everyone here came to a realization few years ago (the time for startups without any revenue model
by csel 14y ago
I think what both Dave and Fred echoed is something that that everyone here came to a realization few years ago (the time for startups without any revenue model is over).
But that said, there is nothing stopping the next Instagram or the next Pinterest from becoming really successful. Both these sites (I am sure I can think of more) broke out during the very same period VC's kept claiming they are not going to fund startups without any revenue model or whose model is based on ads (or ads related).
So personally, I don't think what Fred said (or Dave) is anything to be sweating about. Just keep pushing products out, that is what I think.
- jacquesm 14y agoThe viewpoint of an investor is by nature skewed by their portfolio and those that they interact with. Those are all parties that have already somehow 'made it'. The dark horses don't drop in frequency but as the size of the market increases your chances of interacting with one as an investor during the time when they are still small enough that you could get a relatively large slice of the pie for a good price are decreasing. That's one of the genius elements in YC, they have made a focal point for such companies at the time when investment is at its cheapest. All it takes is one or two successes for this strategy to pay off wildly.