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by engendered
4150 days ago
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They seem wildly undervalued by silicon valley Many "older" entrepreneurs are simply building businesses and quietly earning success. Let's be real -- $20K is significantly lower than unsecured credit lines many established adults have. This is pitched to students for the same reason that a paper route is pitched to elementary school kids: because it's so meager of a benefit that, from a relative perspective, it only appeals to them. |
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http://cbinsights.us1.list-manage.com/track/click?u=0c60818e...
"73% of tech exits were not VC-backed".
So, maybe that 73% consists of the quiet ones being successful.
If you want a mentor to guide you to start a US Main Street business, say, auto body repair, grass mowing, landscaping, a pizza shop, etc., then there is no shortage of good sources.
But where did the founders of Microsoft, Intel, Cisco, Google, Facebook, Twitter, etc. find comparable mentors, that is, people who had already done something quite similar and could provide good advice? Yes, there was advice, but nothing nearly so accurate as what could get for, say, a pizza shop.
Net, if are building one of the companies VCs really need, then there isn't any mentoring that is very close to the need. So, net, for building a $1+ billion or, now, $10+ billion company in information technology, largely just f'get about mentoring.