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Babette
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7 months ago
in Venture Capital’s Brink of Destruction on Mark to Market
Hi Mark - WOW.. I'm glad I saw this posted over at twitter... what a thoughtful piece.
I find that most people who post comments on the tech blogs like tech crunch offer little insight into what's really going on in technology. Half of those folks have never run a company let even thought of an idea for a tech startup. They don't have the experience to see the big picture.
I personally love VCs - not because of who they are, but what they represent. The excitement of turning an idea into a billion dollar business and putting the money into the pot when it's just a logo on a piece of paper. It's that kind of vision and aggressive business moves make starting a company exciting.
So in a long winded way of answering your question.. I don't think it's the VCs that are going to change first - it's the entrepreneurs. VCs will always find a way to get the money. It's the startup founders that are going to need to get creative. That in turn will change how VCs deal with entrepreneurs. In a few months they will see which start ups survived and you'll have your answer.
I will check back and continue reading..
I find that most people who post comments on the tech blogs like tech crunch offer little insight into what's really going on in technology. Half of those folks have never run a company let even thought of an idea for a tech startup. They don't have the experience to see the big picture.
I personally love VCs - not because of who they are, but what they represent. The excitement of turning an idea into a billion dollar business and putting the money into the pot when it's just a logo on a piece of paper. It's that kind of vision and aggressive business moves make starting a company exciting.
So in a long winded way of answering your question.. I don't think it's the VCs that are going to change first - it's the entrepreneurs. VCs will always find a way to get the money. It's the startup founders that are going to need to get creative. That in turn will change how VCs deal with entrepreneurs. In a few months they will see which start ups survived and you'll have your answer.
I will check back and continue reading..
1 reply
Mark
This is a really good point, in that there's no doubt things are changing, but entrepreneurs - regardless of how much many of them dislike VC's - will have to realize that they need the capital to build their businesses. If they don't, then it's a non-issue for them anyways. I do think the model in general needs to evolve, but it's not the entrepreneurs or the VC's - it's more the market in general. Technology is maturing, thus the industry has moved out of its infancy and is perhaps hitting the teenage years, which of course can be the most volatile. So, again, this is all the more reason to argue that whatever changes that occur will not be one-sided. Thanks for contributing really good discussion. I always love to hear from entrepreneurs!
2 years ago
in 2007/02/14/bikespace-gets-a-myspace-slide-show/ on Mashable - The Social Media Guide
Hi Robert,
Pete is right. As a founder of a niche social network (http://www.bakespace.com) I feel compelled to reply your comment.
In order for anyone to have the drive or passion to go through designing, building, promoting, all the ups and downs of server crashes once you hit a stride of success, (not to mention blog reviews - Pete) you have to have a passion for the niche. In the beginning it's you and only you running the site, answering emails and dealing with customer support. If you don't believe in the product your members will know and your membership will show it.
On our site, which is a site for people passionate about food, cooking and baking, we have a recipe exchange. So, when members become my friend, they can taste for themselves if I'm really a foodie. Having a niche site allows founders to connect with others who are passionate about the same things. If you don't believe me, try my cupcakes. I've been told they are some of the best around. http://bakespace.com/?babs
Pete is right. As a founder of a niche social network (http://www.bakespace.com) I feel compelled to reply your comment.
In order for anyone to have the drive or passion to go through designing, building, promoting, all the ups and downs of server crashes once you hit a stride of success, (not to mention blog reviews - Pete) you have to have a passion for the niche. In the beginning it's you and only you running the site, answering emails and dealing with customer support. If you don't believe in the product your members will know and your membership will show it.
On our site, which is a site for people passionate about food, cooking and baking, we have a recipe exchange. So, when members become my friend, they can taste for themselves if I'm really a foodie. Having a niche site allows founders to connect with others who are passionate about the same things. If you don't believe me, try my cupcakes. I've been told they are some of the best around. http://bakespace.com/?babs
1 reply
Murphy
lol way to sell yourself for a quick minute Babette but good comment before hand
