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For Christ's sake, people, why do you rush into this 'startup' thing. Fact that you read about enormous valuations doesn't mean you are automatically invited to participate. Those (minority) with real passion will be in iregard of valuations. Other 95% are guests only and as guests they will be treated - go home after three days. Without money ofcourse.
5 months, 1 week ago on What do you tell people who ask how your startup is doing?
This is a theory, but reality is quite different. 95% of those youngster's funded startups fail which is close to catastrophic results. Next, majority of those young entrepreneurs are aware of this get-rich-quick opportunity and they fake enthusiasm and other things necessary to lure in VC-s. Maybe they are afraid of failure (which I strongly doubt), but they simply cannot fake knowledge, experience and skills necessary to build successful company. So their gamble goes something like, let's try this startup route, of I fail I will have plenty of time to take ordinary job anyway (I know many such startupers). Where is fear in this equation.
Let's not be naive. Question is, for how long will this mice-and-cat game last.
6 months, 1 week ago on Leasing a soul and building better companies
@Todd Dunning very true, but for some reason you won't read about this in mainstream tech media. I think failure rate is between 95 and 97%
7 months, 2 weeks ago on Sheer madness: starting a company in your 60s is anything but glamorous
@cynthiaschames This is actually not surprising: we are in the middle of Paradigm Shift, where old principles and abilities are not much worth, no matter the school name. For example some guy out there builds some app that is worth more than established carmaker. Can it be weirder? But it is reality.
I think all ages today have similar problem, how to build sustaninable income in a rapidly insecure world.
I don't know why establishing a startup is always connected with youngsters. Does it mean that people over 30 or 40 are stupider, less knowledgeable or less creative? Of course not.
Maybe this was realistic during early days of Internet, but now this is more a fad than reality, because Internet is a mature medium, and so are users. Surfers are all the way from 14 to 60 y.o. I really don't see a reason why some kid should devise best service for 30+ audience (and they are now a majority).
I think media and VC's would need to slowly adapt to this new reality. Internet is not 'youngsters thing' anymore, it is mainstream like electricity or utility.
7 months, 2 weeks ago on Starting a company and having a girlfriend isn’t easy
@mcarney @LeeBlaylock Investing huge sums in basically sexting app doesn't sound very good.
7 months, 2 weeks ago on Bill Gurley on getting in on Snapchat: “Any price is kind of any price”
VC's always try to rationalize their investment, no matter how weird it is. Think Color for example. Re Snapchat, arguments stated here are not valid because every image sent can be easily captured, stored and abused. But VC's have clear goal, to make hype and sell to d.u.m.b.e.r. ones. World goes round as always
7 months, 2 weeks ago on Customer validation: from lean startup to craigslist
I would add, seniors could have great ideas, but young ones cannot have experience and know-kow. So seniors are at advantage from day one. I really wonder why more seniors don't go startup route. If not else, to challenge others. To be honest, why leave so lucrative field to young ones only.
1 year, 3 months ago on Hiring old people: The dangerous but necessary steroids of the startup world
I really respect the Author but this question is obvious, Japanese did that long time ago. Smart company has to have young ones and senoirs. Market is giving confirmation every day, 98% of startups will cease to exist sooner or later. As an conclusion they have to grab every opportunity to enhance their chance of success. Giving chance to seniors is one of the best methods and they should give them royal status. That's for sure, giving (un)success rate of today's startups
Unfortunately this business model is doomed. It isn't qouestion whether LlivingSocial is smart or better managed than Groupon. There is no smart move that could save recording industry. Same goes here.
1 year, 3 months ago on LivingSocial may be running dangerously low on cash and time. Will Amazon come to the rescue?
If that is not ridiculous I don't know what is. On 'Slush' Conference website there is a list of 400 'some of our accepted startups.'
So many startups, time and effort wasted, and how many successfull ones? Rovio and...hmm...Rovio. Don't get me wrong I like Finland, it is not specific finnish problem. Nowadays it is more lucrative to open small corner shop than to launch a startup.
There will soon be more startups than total number of startup users. Whenever bar for entering business becomes so low, business model goes into oblivion. Time to pass startup scene and go on, finding some new lucrative field. Startups are out, students better go doing something more useful.
1 year, 3 months ago on Out of the fire, into the sauna: How students power Finland’s startup ecosystem
I wonder how do they lure investors in. Do they say yes it is not new idea but you know our users are female from 23 to 28.5 y.o. Thus we are unique.
Couldn't help myself :)
1 year, 8 months ago on Forget “Friends” and “Contacts,” Nextdoor Is the Social Network for Neighbors
I have a better ideal. Let's stay in room behind screen forever and live in a virtual world.
1 year, 8 months ago on Don’t Laugh at Google Glass: They’re Goofy, but They Will Save Us from Ourselves
So FS started as A and received incerdible valuation for that, only to change its mind and start with B. What kind of a business plan is that hmm.
Can I have 50M USD, I promise I will pivot like crazy until I nail something :)
1 year, 9 months ago on Foursquare Redesign: So What if the Check-In is Dead?
If we take into account that similar apps pop up all the time, I wonder what is croteria to be written about here on Pando.
1 year, 9 months ago on Nears Arrives From Brazil to Take on Foursquare In the Mobile Marketplace
software wasn't problem, hype was. People have lost 30B USD, that's problem which will have long term impact. They did it again
1 year, 9 months ago on Valley Elite to Nasdaq: Either Greifeld Is Done or We Are
@Daniel Kim isn't that discrimination to the outsiders who aren't connected to the company?
1 year, 9 months ago on Zao’s Social Hiring Platform Could Finally Put an End to Recruiters and Job Boards
@RZ28 I would agree. Groupon business model obviously didn't proved to be long term sustainable, to put it honestly. So this IPO is attempt to cash in chips while there was chance.
1 year, 9 months ago on Source: Lefkofsky and Samwer Were the Ones Banging the Table Insisting Groupon IPO Immediately
@ZivEliraz why do you think employees and friends can be trusted to recommend right people. My guess is that they would try to push their friends and relatives, instead of quality candidates. It happens allover the world. Connected people get a job, and not competent people. For a confirmation, read any news portal ;)