Joel Liu's personal annotations on this page
Joel bookmarked
on 2009-09-24
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New startups need waaaay less cash than before. This means a dearth of VC money is irrelevant. The charts in WSJ showing less VC going into startups is meaningless and outlines this point to a T. This is creating a huge gap in what is going on and what people think is going on. Plenty of companies are being started. Enough are.
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It's still uncool to work for large tech companies if you are a CS major at Stanford. You can do it, but it's not cool. This leaves the warm embrace of cool startups warm.
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- Technology is going mainstream. 60 year old women are using Twitter. People in the mid-west buy things online. This macro trend pushes all the dollars in our economy online. Over the next 10 years then the dollars could double which inherently makes SV about twice as valuable.
- SV entrepreneurs are getting really good. Look at the PayPal network. All those guys pumped entrepreneurial iron in PayPal and went on to create multiple billion dollar companies later. They continue to make all the right investments, etc. It's not all luck. Other groups/networks are doing the same. This didn't happen as much in the 1980s.
This link has been bookmarked by 1 people . It was first bookmarked on 24 Sep 2009, by Joel Liu.
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New startups need waaaay less cash than before. This means a dearth of VC money is irrelevant. The charts in WSJ showing less VC going into startups is meaningless and outlines this point to a T. This is creating a huge gap in what is going on and what people think is going on. Plenty of companies are being started. Enough are.
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It's still uncool to work for large tech companies if you are a CS major at Stanford. You can do it, but it's not cool. This leaves the warm embrace of cool startups warm.
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