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I think what everyone here is missing is that the press is looking for "Tech" companies doing wild, innovative things with technology. -The WSJ article was in
by pbharrin 14y ago
I think what everyone here is missing is that the press is looking for "Tech" companies doing wild, innovative things with technology.
-The WSJ article was in the "technology news and insights" section.
-TechCrunch has the word Tech in its name.
-Demo Day is held at the computer history museum
-this is Silicon Valley
Sorry I didn't attend demo day, but when I read the summary I felt none of the companies were very high tech, and I'm sure that's what the press felt too. I was waiting for Peter Thiel to say: "we asked for flying cars and you gave us painless divorce."
Don't get me wrong, I would love to invest in companies that make money over companies that use some fancy new technology.
- gfodor 14y agoI call bullshit on the claim that there were no tech-oriented companies. One of them is a platform for automating flying drones. Another is a platform for EE circuit design. These are both pretty nerdgasmic if you ask me. edit: oh and how could I forget Thalmic.
- pbharrin 14y agoWell they did not convince the "tech press" that they were the next Google.
- rhizome 14y agoJournalists are ignorant by definition, that's why they ask questions.
- jfoster 14y agoYou don't need to be "the next Google" to be an exciting tech company, though. Even AirBnB are not "the next Google" but they're still hugely successful.
- cocoflunchy 14y agoThat's exactly his point though: AirBNB is not really a high tech company. Other than scaling issues, it's a relatively simple CRUD web-app, their competitive advantage is in their business/social/whatever skills.
- doctorpangloss 14y agoYeah, I think you're understanding the complaints well. Why even bother with YCombinator if you do something boring that makes money. Might as well call it a small business and borrow at 8%—it would be a lot cheaper than VC.