Now Is The Best Time To Start A Company
from the yeah,-well-the-valuations-are-lower dept
An interview with some venture capitalists who believe that now is the best time to start a company since all the “tourist” entrepreneurs are gone, and any new company won’t have 52 competing companies to deal with. I also found it interesting that they only want to invest in first time entrepreneurs. I agree that I wouldn’t trust many successful entrepreneurs I know to start a second business (they tend to think that they have a golden touch – and they’ve also lost that “hungry” feel), but I’m sure there are some who are good. Actually, maybe they do it right, since they let first time entrepreneurs start stuff up – but bring in the successful entrepreneurs to help things run smoothly. Also, it’s not so surprising that the VCs don’t mention one of the other reasons I’m sure they think now is a great time to start a company: the valuations are much much much lower, so the VCs can get a bigger chunk of the company for a lot less money.