[happytiger]

It’s a healthy thing. Getting back to building on bootstraps means building fundamental value again. If that scares you, or makes you think we are doomed, you might think twice about that perspective.

Downmarket trends make companies solve real problems that generate real revenues and get rid of the easy money that supports unsustainable business models.

They clear out of cruft of technologists who only come to the valley for the high salaries and push common sense technology frameworks that are more focused on productivity than large scale Enterprise-style collaboration to the forefront.

They force essential effort to be applied due to scarcer resources, and discourage frivolity by punishing financial schemes and forcing businesses to focus on the bottom line.

I’d love to see some fundamental restructuring so new generation players can emerge, and unfortunately, in order for the new to come to market, the existing system needs to be shaken up a bit.

Downmarkets are hard, but we need them.

[hcks]

A million is very little capital to raise (literally a 2 senior engineers team over 2 years), and no one “make bank” over raising that.

[happytiger]

It was the example amount used in the article.

I did not use it as an example because of the merit of its amount, merely because it was the quote in the post:

> Remember stories like "I was a student, I got an idea, so I raised a million and hired a team"? It’s safe to say we can forget about them.