Friday, October 14, 2005

Another Sign Bubble 2.0: VCs Begging To Invest In Startups That Don't Need It: "In the first internet bubble, a big problem was that many entrepreneurs started viewing venture capital money as revenue—and therefore, it was all about raising more, rather than building a real business. The money was distracting and often took good ideas off course. If today's entrepreneurs can resist that temptation, put the money in the bank and stay focused on building good businesses, then perhaps that's a good thing. However, having lots of money around can often do funny things to startups." —Techdirt