| Note his core concerns: * It's harder to "stand out" amidst the crowd of startups that easy capital has created. * It's ridiculously hard to hire. * Seed funding is slowing down. * Something about the "innovation cycle". These might be very good reasons to defer the dream of financing a startup with venture funding, but they're also advantages for bootstrapped companies, which: * Lock in viable business models early out of necessity and can outlast most of the built-to-flip companies in the current VC cohort. * Are founded by people who can actually execute on technology. * Don't require outside financing at all, and can thus look at "increasing difficulty" of capital raises and grin. I don't know what to say about the "innovation cycle" though. That might be a killer. |