4 ms·
> The VC connects wealthy investors to nerds. There are few alternatives. You can self-fund by consulting and by setting aside money for your venture. That does
by yesimahuman 13y ago
> The VC connects wealthy investors to nerds. There are few alternatives. You can self-fund by consulting and by setting aside money for your venture. That doesn't work.
Not to blow the bootstrap whistle, but 2001 was a different time for starting companies. I'm seeing a lot of nerds just making money and self-funding, and I think the costs of starting have come dramatically down. It's an interesting change.
- malandrew 13y agoThe costs have come down in many ways but one, labor, which is now going up. For the last 5 years or so, we've seen a proliferation of startups that provide SaaS, PaaS and IaaS services to startups and other small businesses. However this ease of creating a startup has greatly increased the amount of competition in the market. As a result, you will end up paying more per engineer per year and you will probably end up needing more roles than 2 founders can fill on their own. Gone are the days when a hacker and a hustler were all that were needed. Today, for many types of startups, you are also expected to have a solid designer, who either needs to be one of the founders or you need to hire.
- yesimahuman 13y agoGood point. I remember being told as a kid to not become a programmer. That was before kids out of college were pulling $120k building apps :)