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My Favorite Paul Graham Quotes from Business of Software 2009
- david927 17y ago21 Trends: #5 United States #6 Silicon Valley #20 Venture funding all need to move to the "Not Trends". The US, like a wealthy person whose money ran out but kept spending on credit cards, has just started its "big reckoning" and it will only get worse -- much, much worse. VC and the Valley are the old model. Technology is moving us away from the large capital requirements that used to be necessary to go from 0 to 60. Prepare for a deluge of Indian, Chinese and European startups because of this.