What Hasn’t Changed: The Internet Keeps Getting Bigger
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Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#2Not sure how seriously I'd take anything said by a guy who invested in 9gag.
Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#3Not sure how seriously I'd take anything said by a guy who invested in 9gag.
YCombinator invested in 9gag as well. That has absolutely no bearing on Paul Graham's insight into the current investment climate.
Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#4Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#5Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#6Earlier quoted context omitted.
YCombinator invested in 9gag as well. That has absolutely no bearing on Paul Graham's insight into the current investment climate.
I didn't know that. This significantly alters my opinion of YC.
Why? I know that 9gag is not the most serious business out there, but don't you think it could be a viable and sustainable business?
Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#7Not sure how seriously I'd take anything said by a guy who invested in 9gag.
Dismissing any viewpoint out of hand based on one small investment out of hundreds seems like a poor way of gaining wisdom...
Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#8Not sure how seriously I'd take anything said by a guy who invested in 9gag.
500 Startups and YC's investments in 9gag were puzzling to me until Paul explained their plan and their traction to me. They're compelling. Don't blame the founders for the actions of the community, largely in the past: 9gag has a future.
Reddit was bought before it reached the heights it currently inhabits, but 9gag has a chance as a pre-exit company to inhabit a similar space for a different demo internationally as well as move into some pretty interesting verticals.
Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#9Earlier quoted context omitted.
I didn't know that. This significantly alters my opinion of YC.
Why? I know that 9gag is not the most serious business out there, but don't you think it could be a viable and sustainable business?
I think it's because 9gag is the site that redditors like to mock.
I'm not sure I blame them.
Re: What Hasn’t Changed: The Internet Keeps Getting Bigger
#10Fred Wilson's specialty is with larger consumer/enterprise investments (http://www.usv.com/investments/) vs Dave McClure's speciality is in smaller investments and also international.
According to Dave, it seems like there's so slowing of momentum for growth with the smaller (base hits) he sees both domestically and internationally. And I appreciate his blog post that champions the consumer web.
But I wonder with Fred's observations if people might need to be a bit more wise with consumer internet plays if raising funds might be more difficult than previously. I also wonder when you combine both Fred and Dave's observations that maybe you see an opportunity for bootstrapped ventures to start out a lot smaller, maybe even w/o outside funds.