All This Failure Is Good
from the bring-on-the-sanity! dept
The latest Bill Gurley column is about how in the long run all these failing dot coms are a good sign. I agree with him, and have said so many times in the past. What we had before was simply insane. What we’ll have now makes a lot more sense with people focused on real businesses that can do real things. Hopefully. The fact is that we’re still seeing lots of crazy startups get funding from crazy places, so I’m not yet convinced that we’ve really moved that close to sane investing. Also, Gurley seems to imply that most entrepreneurs think the floor has fallen out beneath them. Most of the entrepreneurs I know are more excited than ever, since they also agree that the days of insane spending is over, and they can get down to creating real companies again.
