4 ms·
Anybody else seeing the technology startup business creeping ever-closer to emulating an American Idol mentality? The "startup" seems to be getting smaller and
by OldSchool 13y ago
Anybody else seeing the technology startup business creeping ever-closer to emulating an American Idol mentality? The "startup" seems to be getting smaller and smaller. These are more like paid internships than "funding."
What is really going on here is some people with access to money and zero new ideas throwing micro stuff at the wall to see what sticks. The best advice I ever received was "don't take on investment if you don't need it." This message consistently from a wide variety of successful people then running anything from Angel-funded companies to post-IPO NASDAQ listings.
- arbuge 13y agoQuite so. IMHO there's no real series A crunch but there might be an angel-stage bubble.
- seats 13y ago"don't take money unless you need it" is not an unusual bit of advice inside of TechStars either. One of the top companies in the last TS Cloud class is bootstrapped and on fire - http://drifty.com http://drifty.com They could have raised tons of money but don't need to. Most mentors steered them toward growing their business financing free. Another way to look at seed stage investors is not that they are sprinkling their money everywhere hoping something works but instead that the limiting resource is they don't have enough time to pursue all their ideas and want to back people who are working on things that align.