Founders: Do Not Waste Money on TechCrunch Disrupt’s Startup Alley
calacanis.com
calacanis.com
Isn't success the only measure of merit for a company?
If they have not succeeded yet they have none. It they are ready to share their income with someone else, they lose benefits hence it is admitting they partially failed.
If they cannot find investment, it means the bank already refuses them an interesting credit, or banks are not doing their jobs? Oh yes they are, they invest in companies investing, that invest as a proxy. With every level of indirection there is loss.
QE are puting a lot of money on the market, companies are sprouting like mushrooms, and then like NSA chocking on too much data, investors are losing efficiency in searching a needle in a haystack. Hence more money is lost in the process.
Not enough competition result in a bad state of the market. Too much result in an unsustainable market, especially when it is biased. Investor's money can make a company hold a market while losing money for enough time to kill the competition while having no merit other than the ability to have investments. Even the market of VC is showing signs of inefficiency.
Well, welcome to our world where "Free" market is failing even the top of the economical pyramid.
When our believes result in constant failures, we should stop believing in old fantasies. Free market and "laissez faire" do not self regulate itself in a virtuous way anymore. I suggest we try to understand how we failed and how to come back to the conditions in which it was working.
Let me repeat this: in order to get cold, hard, cash, to create airbnb, airbnb founders sold cereal. A fast-moving consumer good.
Get money.
I'm not sure having several $100k to start, selling other stuff or pitching at disrupt are very good routes to startup success. The thing that seemed to work for Google, Apple, Facebook and Microsoft was building cool stuff first on almost zero budget.