I think that's why people raise larger amounts of money as the cost of providing the software itself goes down. You have to assume the market has unlimited capital, so it's more about making a case that your team is the right corner to start in.
sure, but it's kind of a shame. Ever larger VC funds today pursue opportunities that require little actual new technology. VC today buys marketshare in markets that represent a new application of widely available tech. Look at the difference between what VC once invested in (semiconductors, new kinds of computers) and what they invest in today (Uber, AirBnB). People still get rich, but i'm not sure society benefits to the same degree.
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I think that's why people raise larger amounts of money as the cost of providing the software itself goes down. You have to assume the market has unlimited capital, so it's more about making a case that your team is the right corner to start in.
sure, but it's kind of a shame. Ever larger VC funds today pursue opportunities that require little actual new technology. VC today buys marketshare in markets that represent a new application of widely available tech. Look at the difference between what VC once invested in (semiconductors, new kinds of computers) and what they invest in today (Uber, AirBnB). People still get rich, but i'm not sure society benefits to the same degree.