I tried to be really clear on this that I am talking about online startups.
But I think you missed the point: It takes a lot of money (VC or otherwise) to create companies that go public, but it doesn't take much to create a great product.
Google is a perfect example: they didn't need significant up-front investments to create their first search engine - they ran it out of Stanford on borrowed computers. They built a product and had users way before they raised a ton of money.
That's a point I absolutely agree with. However, your hyperbolic introduction (which admittedly isn't coming from your fingertips, but nonetheless one you say you agree with) seems to be arguing that VCs are dead PERIOD, which I don't buy at all. :-)
Comments
I tried to be really clear on this that I am talking about online startups.
But I think you missed the point: It takes a lot of money (VC or otherwise) to create companies that go public, but it doesn't take much to create a great product.
Google is a perfect example: they didn't need significant up-front investments to create their first search engine - they ran it out of Stanford on borrowed computers. They built a product and had users way before they raised a ton of money.
That's a point I absolutely agree with. However, your hyperbolic introduction (which admittedly isn't coming from your fingertips, but nonetheless one you say you agree with) seems to be arguing that VCs are dead PERIOD, which I don't buy at all. :-)