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by ChuckMcM
3760 days ago
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Well as the saying goes, "It is always new to someone." :-) And that is largely true. Here in the second decade of the 21st century people are getting funded who were blissfully unaware children in the dot com crash, or the semi-conductor recession, or the great social is the new webvan pullback. A publication can get a lot of clicks and buzz from folks for who it is new, and so they report it as new. But the articles are all part of the system which trains and educates entrepreneurs. It provides examples and stories of people who bring to market real solutions, those who bring "fad" solutions, and those essentially bring "me too" type solutions. This system also trains investors, where each cycle has a few winners which spawns some additional limited partners (or general partners) in various VC firms who also look at how their money is spent and where its going. As much as it would be great, there isn't really a course of study you can take that will teach you this stuff, you kind of have to live through a cycle or two, absorbing all the experience you can. If you want to be able to really internalize and understand the stuff that someone like Danielle Morrill is talking about you need context, and the context comes from experience both in the good times and the bad times. So to answer your question about the point of these articles, it is the same reason they teach freshman Calculus or Composition. Everyone needs to know this stuff and every year there are new people trying to learn it. The message that value is always appreciated over hype is pretty timeless but sometimes it takes a couple of cycles to really understand and distinguish between the two. |
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Earlier today I gave a friend a 5min primer on venture funding. After we'd parted ways and I walked back to my office I had that phrase "you can't teach some of this stuff" rolling around in my head for a while. You can't teach all of it but you have to get people started with something.
It's evolution.