Deep VC Thoughts from Paul Graham
TechCrunch has an interesting and wide-ranging Q&A with venture capitalist Paul Graham, whose firm YCombinator invests seed capital in early-stage start-ups such as Reddit, Wufoo and Kiko. Graham contends people worried about a bubble are off the mark. “There may be a lot of lame startups being started, but that’s not the definition of a bubble,” he said. “A bubble is when a lot of money is being invested in lame startups, and that’s not happening yet. The reason so many new startups are getting started is that the cost has gone down, not that funding has gone up.” This must be reassuring thoughts for many entrepreneurs and investors, particularly VCs scrambling to get some Web 2.0 exposure. Only time will tell if Graham’s right but it would be nice to see more Paul Grahams and YCominbators in Canada to offer more support (and money!) to early-stage start-ups. Update: Fred Wilson likes Graham’s definition of Web 2.0: Web 2.0 = the Web, while Dead 2.0 picks apart many of Graham’s assertions.
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POSTED IN: Entrepreneurs, Venture Capital
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