The difference is the scale and scope of everything happening around here. Back then people would show up, hoping that they could merely participate in this tech-internet thing. Now, many (if not most) show up expecting millions even if their companies fail. Just sit in a cafe — any cafe in San Francisco — and you hear stuff that makes you want to poke your eyes out. Founders, instead of trying to forge relationships, are getting into a pattern of expecting funding without much effort. After all, if it doesn’t work out, no harm done and there is an acqui-hire around the corner. There is an expectation that even if they don’t build an interesting product, they deserve a nice exit for trying anyway: which is troubling as far as I am concerned.
Posted on: Tue, 13 May 2014 16:40:57 +0000