But whatever happened to a sound business plan, an experienced team, and a sound business idea?
Those exist, and they are all over the place. Ostensibly most quality startups have those things too. The majority never make big headlines - and as far as I know never really have. They generally just chug along and comprise the majority of "small businesses."
Facebook and Google are such outliers that VC has resorted to throwing cash at the next 1,000 Mark Zuckerbergs, which only one or two probably exist in the next 10 years.
Right, well that's the whole thesis of Venture Capital.
Those exist, and they are all over the place. Ostensibly most quality startups have those things too. The majority never make big headlines - and as far as I know never really have. They generally just chug along and comprise the majority of "small businesses."
Facebook and Google are such outliers that VC has resorted to throwing cash at the next 1,000 Mark Zuckerbergs, which only one or two probably exist in the next 10 years.
Right, well that's the whole thesis of Venture Capital.
I'm not seeing the problem really.