Tuesday, October 24, 2006

All The Wrong People Are Starting All The Right Businesses

It's very strange to read about the new Web 2.0 businesses that are being started by younger and younger people with less and less money. It surely must be puzzling old timey standard finance guys and VC's who are used to being the ones to name the terms and call the shots.

And I figure it's only going to accelerate as these new start-up starter-uppers show others how NOT to take VC money, how to KEEP most of the equity, how to grow a business with ... yes, it's amazing ... SALES and CUSTOMERS. All very mysterious, but it keeps a founder in the driver's seat and that is right where they should be.