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I'd expect this to be particularly true for Asian and European countries. As had been said before on this forum, an international focus (or at least awareness)
by bsaunder 19y ago
I'd expect this to be particularly true for Asian and European countries. As had been said before on this forum, an international focus (or at least awareness) in our business plans (in the general sense), would seems like an increasingly important component.
I agree it seems less likely founders will get money for quick hits based on marginal ideas. I'd bet (and hope ;) that start-ups with more substance to their core ideas, and a revenue model focused first on profitability (and second on exit strategy) would be more likely to get funding.
The ability to control costs while launching a product/service seems like a crutial characteristic that VCs will look for. Somehow I'm thinking this may turn the tide back towards more experienced founders getting funding over smart techies that haven't proven they can wisely spend lots of money.