[homosaur]

Chasing VC money is becoming an increasingly stupid thing to do with your business. The sooner everyone realizes this and start to build businesses that actually reflect need, the better off we'll be.

I cannot imagine how many people's 20's have been wasted in the last decade chasing some mythical social web 2.0 dollar. We need to understand that most of the Instagrams of the world got lucky simply because of the bubble and the confusion over what's a viable business on the Internet not because they've actually created billions in value.

They won a damn lottery, they aren't creating models for new business.