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"The people who are really bringing in the big bucks are VCs/investors/incubators/etc (with the real estate and media companies coming in in second place)." Du
by dba7dba 12y ago
"The people who are really bringing in the big bucks are VCs/investors/incubators/etc (with the real estate and media companies coming in in second place)."
During the California Gold Rush (1848–1855), few actually got rich from gold. The ones who really got rich were the ones who provided services (bar, housing, food, etc) to the people rushing in to find gold.
History does repeat itself.
- Detrus 12y agoTo continue the analogy, most people chasing gold then did it with little shovels, sifters and human eyes. Today gold is mined with massive machines, extracting invisible specks of dust from hundreds of tons of sand. The market of visible gold nuggets or quick MVPs may be over-saturated. Gold diggers invest a minimum of thought, equipment, know their chances are getting slimmer and depend mostly on luck. Very few startup gold diggers can try a different approach, because it's all about starting with minimum capital and preparation. Big capital got mismanaged too often, so there's an over-correction.