TechCrunch’s Marshall Kirkpatrick interviewt Paul Graham
(subabt. organic capital)
There’s definitely a trend toward smaller investments, because it costs so much less to start a startup now. And if you take less money initially, you keep more options open…
It may not be a coincidence that both Flickr and Del.icio.us avoided the usual VC route. Both had to get a lot of subtle, social things just right. You’re more likely to do that if you can evolve organically….
And yet reddit is not only able to compete [against digg], but has a visibly more authentic, participatory feeling. I read that the top 100 Digg users submit 56% of the frontpage stories. The frontpage stories on reddit are much more widely distributed. And that may be because reddit grew organically, through word of mouth, like Flickr and Del.icio.us did.
(subabt. wo ist das geschäftsmodell)
What I tell founders is not to sweat the business model too much at first. The most important task at first is to built something people want. If you don’t do that, it won’t matter how clever your business model is.
Of course you have to have a business model eventually. But experience so far suggests that figuring out how to make money from something popular is a lot easier than making something popular.
Is this another Bubble? I don’t think so, not so far. There may be a lot of lame startups being started, but that’s not the definition of a bubble. 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.
Frankly, even though I’m supposed to be an investor, the ideas that excite me most are not necessarily the ones that make the most money, but the ones that blow away evil old monopolies. For example, I love collaborative news sites not so much because they make a lot of money– though they might – but because they’ve shown what a bad job the “old media” were doing.
Most people don’t understand what a social force startups can be. There are a lot of changes that can only happen through companies. One startup I dream of funding is the one that kills the record companies. You know your business model is broken when you’re suing your customers. The new business model must be out there somewhere, and my guess is that the way to beat the bad guys is not through political action (or at least, not only that), but by inventing whatever replaces them.
I wouldn’t advise competing with Google in things they’re good at. So what is Google good at? As a first approximation, making things their own developers use at work.
To me “web 2.0″ translates to “web.”