Tuesday, December 8, 2009

Many Internet Startups Are Too Small To Fund Or Even See

This is not entrepreneurship. It is neurosis shared by a whole class of people.

This is entrepreneurship.

The trouble with venture capital is it made itself obsolete. Commodity hardware, open source software, and globalized paperless offices grew out of the world the VCs made, and make it easy for entrepreneurship on the Web to operate with minimal upfront investment.

these hard-nosed businessmen feel equally judgmental of the VC-backed masses in their corporate parks and glass-walled conference rooms. Why, they argue, would anyone accept VC funding and give away a portion of his business when he can start minting cash for little investment? “Guys that take funding, buy nice cars and throw company parties,” remarked one Maverick. “We call that ‘playing business.’”