This article suggests that after 6 big exits, suddenly the whole space of web startups is less exciting and we should look to other fields.
Startups Have Gotten Very Boring
In the wake of the Facebook IPO, something funny has happened to the world of startups. Suddenly, startups feel very boring. VCs and entrepreneurs say they feel it too. “I do feel a bit like that, but then again that could also just be the startups I’m happening to see,” one investor said.
I find that to be bollocks. There are still things on the world that can be improved or fixed trough web-based technologies, and that will never change. Sure, bio-tech and similar are emerging and creating new exciting spaces, that will bring improvements to our lives, and might generate bigger returns for investors in the next decade, but if returns are all that makes something exciting for someone, well, why don’t you go live on an island somewhere.
Related articles
- The Startup Journey or the Startup Exit (davidcummings.org)
- Entrepreneurs Optimistic About 2012, According to Kauffman/LegalZoom Startup Confidence Index (kauffman.org)
- Senators Unveil Bipartisan Startup Act 2.0 (kauffman.org)
- Startup Trajectories (growthology.org)
- Slump in Initial Public Offerings Bodes Poorly for U.S. Employment, Economic Growth, According to Kauffman Report (kauffman.org)
It’s easy to lose perspective – but just thinking on the number of things that could be improved through web is a great big picture view. “When you’re waist-deep in mud fighting crocodiles, it’s easy to forget that your original goal was to drain the swamp.”