Sean Parker: “Little Startups Are Ridiculously OverFunded”
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Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#2[deleted]
Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#3I think what happens is the price of an engineer has gone up. Engineer starts a start-up, big company buys start-up at a million per Engineer - Everybody happy.
Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#4How exactly does he expect the internet to consolidate like the PC industry? How can the internet consolidate?
Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#5 "The problem in his view is that many of the talented engineers
and product designers who are now starting their own companies
could have a bigger impact at places like Facebook, and they in
turn will have a hard time attracting the best talent because
those people can get funded to start their own projects as well."
edit: formatting
Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#6talented engineers and product designers who are now starting their own companies could have a bigger impact at places like Facebook.... then ....Whoever wins the revolution builds a bureaucracy.” And what will end up happening is the big powers will control the tech industry
In others, many talented developers are better off going to work for FB or GGL and help them get quicker to a position of total control.
Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#7How exactly does he expect the internet to consolidate like the PC industry? How can the internet consolidate?
How exactly does he expect the internet to consolidate like the PC industry? How can the internet consolidate?
He said the internet industry would consolidate like the PC industry did. We can see that happening already, with the trend of big companies like Google, Facebook, and Microsoft acquiring smaller companies to fill voids in their product offerings, talent pool, etc. Google is the definite poster child for consolidation, having bought YouTube, DoubleClick, GrandCentral, etc.
Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#8How exactly does he expect the internet to consolidate like the PC industry? How can the internet consolidate?
It's happening already. Salesforce is buying up a bunch of different online b2b tools. Google is trying Google+, integrated Google Voice. Skype and MS. Facebook places.
Games are growing on social networks instead of standalone flash game sites. Techcrunch is bought by AOL.
Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#9How exactly does he expect the internet to consolidate like the PC industry? How can the internet consolidate?
Simple. Everyone standardizes on the same OS (Linux, or maybe Windows if you want .Net or MSSQL) and the same infrastructure (EC2 or equivalent). Then you run your apps on there.
Facebook and Twitter are becoming infrastructure too (or at least, their login systems are), but not necessarily profitable ones. Sure, they'll tell the advertisers that I'm a left-handed avocado farmer in New Orleans, but it will be the content providers who'll know when I'm looking for a book of funny kitten jokes
Re: Sean Parker: “Little Startups Are Ridiculously OverFunded”
#10Thinking in the most simplistic form possible - how about engineers just doing what makes them the most happy? Forget about whether we could provide more value at an established company. Maybe building our own products is our passion. That alone will drive more value than doing something we're not passionate about. Just a thought.
Whether early stage startups are overvalued is a different topic to be discussed.