Nesheim Updates "High Tech Startup"

It's a series of posting on what has and has not changed since the previous edition of "High Tech Startup" was published in 2000. Very much from the VC point of view. Two things stand out: there are no new ideas and it is much more competitive now.

I think he is wrong about no new ideas, but I can see the point where he is coming from: there are so many copycat startups. I mean, how many social networking sites or ad management companies do we need. It is way more competitive, because it is so easy to start a web site now.

Another series is on what hasn't changed. Still the VCs desire for stellar CEOs. VC funding odds for a given business plan are still in the same ballpark as winning the lottery, although he doesn't take into account that odds of winning the lottery are much worse than 10 years ago.