on barrier to entry
Found this article titled Valley Boys in BW very inspiring...
To post some snippets, before the link becomes stale:
The barriers to entry are now so low that all it takes is a laptop and a $50-a-month Internet hookup to make a kid the next mogul.
That's possible because the cost of jump-starting a good idea has plummeted. At the same time, the sources of money have multiplied, swirling in from new VC shops, angel investors, and strategic partners galore.
"It's a good time now for the entrepreneur," says John Freeman, a professor at University of California at Berkeley's Haas School of Business. "There are lots of different pots of money. It gives them the ability to modify when they take it, [and] how much they take, and leaves them with more control."
This time around, the entrepreneurs worry that, within a moment, the money -- and their projects -- could vanish.
...someone from the last boom who was worth millions one month, only to move into his parents' basement the next.
To post some snippets, before the link becomes stale:
The barriers to entry are now so low that all it takes is a laptop and a $50-a-month Internet hookup to make a kid the next mogul.
That's possible because the cost of jump-starting a good idea has plummeted. At the same time, the sources of money have multiplied, swirling in from new VC shops, angel investors, and strategic partners galore.
"It's a good time now for the entrepreneur," says John Freeman, a professor at University of California at Berkeley's Haas School of Business. "There are lots of different pots of money. It gives them the ability to modify when they take it, [and] how much they take, and leaves them with more control."
This time around, the entrepreneurs worry that, within a moment, the money -- and their projects -- could vanish.
...someone from the last boom who was worth millions one month, only to move into his parents' basement the next.
posted by g.e. at 11:01 AM
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