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"In the real world, you'd also see much more focus on the founders: who are they, what have they done, and (most importantly) who is vouching for them, either i
by paulhauggis 12y ago
"In the real world, you'd also see much more focus on the founders: who are they, what have they done, and (most importantly) who is vouching for them, either implicitly or explicitly."
If this is true, it makes sense to me now why things like the "yo" app get 1 million in funding.
- crazypyro 12y agoI'm pretty sure the kid who made that app had connections to a fairly wealthy investor who used the app partly for their own promotion.
- smt88 12y agoIt was a $10M valuation. That's not that insane, even for something that seems stupid. Conventional wisdom is to start out with something so simple, it seems unfundable, but it gets lots of traction. Then you build on it to get to something that's less specific and more of a Big Idea. I'm not sure if this was always on Yo's roadmap, but it's become an ad-hoc notification center. That actually sounds useful, doesn't it? http://valleywag.gawker.com/the-man-who-gave-yo-200-000-1593328826 http://valleywag.gawker.com/the-man-who-gave-yo-200-000-1593...