HNHacker News
TopNewBestAskShowJobs

rusureabouthtat

1 karma · joined September 30, 2013

submissionscomments
rusureabouthtat··on Moving to Ireland
Yes, it upsets me watching the startup scene slowly mutate in to a cheap, low budget facsimile of the financial crisis. Fast money from naive investors, cynical players and unlimited wet behind the ears 20 somethings used to be the sole preserve of the financial industry.

Sadly, the same rot seems to be spreading to the tech industry and, if left unchecked, I fear will one day soon result in our own subprime/CDO style watershed moment. If (when?) that happens, it will make it a lot harder for honest/sensbile startups to attract the investment they need.

rusureabouthtat··on Moving to Ireland
Yes, those are very obvious statements.

I might add a third: if an "incubator" is peddling investment opportunities off the back of such an obviously sub prime portfolio, wise money should stay well away as should wise startups.

rusureabouthtat··on Moving to Ireland
>Several high quality incubators. NDRC, Wayra

I really wanted to believe this but after spending a good 15 minutes trawling through both of those incubator's portfolios, I'm left with the inescapable feeling that they're simply well polished investor fleecing vehicles with a specialization in putting lipstick on pigs...

How are any of these "startups" remotely likely to make any kind of respectable return for an incubator (and by extension the poor investors that have bankrolled it)?

http://wayra.org/en/startup/naymit?field_startup_area_del_pr...

http://www.ndrc.ie/projects/gotcha-ninjas/

http://www.ndrc.ie/projects/sneaky-vegetables/

http://www.ndrc.ie/projects/fred/

http://www.ndrc.ie/projects/busy-moos/

Color me very sceptical..