Killing off 50 to 80 percent of startups
This might not be as bad a thing as you might think. Jason Calcanis the king of link bait, but often very smart when it comes to business has come up with the idea that 50 to 80% of startups will get killed off in the currently happening economic recession about to become implosion.
This might not be that bad a thing, sorry, but if we take a look at all the cool things that have happened from the last dot com implosion, with all the great stuff that has happened since then, maybe this might be a good no fault way to clean the startup house without anyone getting seriously hurt, physically. There will be money lost, but it will come back, people will go without a job, but they will find new ones, might not be the one they want, but it will be the job that drives them crazy enough that they go back out in 4 years after learning tons of cool stuff, or catching their breath, just to enter the game again.
We might see bumper stickers like “OH lord let there be a third dot com boom and I promise not to screw it up this time”.
We might see the market so cleared of similar seeming applications that people see the niches they can successfully occupy.
Fairly darwinistic, but looking back at 2001/2002, and the horrible things that happened in those years, the net result in 2008 is we have some fantastic things that were not even thought of 6 years ago. Who knows what a new collapse will bring?
I do know that they are already working on it in their basement, and if everyone is really smart with their money, they will be looking for those folks now, the ones that have a low barrier to entry, drive, ambition, and are just waiting for everyone else to die off or get out of the way.
The sad part is that this is a debate that has to happen, but the post has been deleted from its original source.
Tags: Jason calcanis, link bait, Darwin, dot com boom, second edition, news, web 2.0, humor
Discussion Area - Leave a Comment