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The Future of Web Startups

paulgraham.com

1–10 of 173 posts

Re: The Future of Web Startups

#3

"I think acquirers may eventually have chief acquisition officers who will both identify good acquisitions and make the deals happen." I know of one company that already has this, with a different title.

This is common practice in biotech and life sciences businesses, and probably in any other field where innovation happens at a rapid rate.

Re: The Future of Web Startups

#4
"Then the effects of being measured by performance would propagate all the way back to high school, flushing out all the arbitrary stuff people are measured by now. That is the future of web startups." What an impressive conclusion - I hope it happens.

Re: The Future of Web Startups

#5
I wish acquisition was this easy. I worked at a very large bank in Emerging Technology and I pushed our group to buy 3 startups. We passed on all of them because of bureaucracy and lack of vision. Heck, the same bank passed on paypal (and tried to create their own), and now they have to compete head to head with a company that could be in house.

Re: The Future of Web Startups

#6
What Paul ignores is the fact that most people out of college are faced with seemingly insurmountable debt as a result of having to pay for an education - esp. in America (and to a lesser extent in Canada). This is one problem that will prevent startups from happening at such a rapid pace as he anticipates. In fact, most graduates want to find stable jobs to pay off their debt -- startups are not really on most graduates' radar. On a somewhat related note, Businessweek had a survey of the top ten desirable places to work for new graduates -- three were govt. agencies, one accounting firm, google, etc.

Re: The Future of Web Startups

#7
post #6

What Paul ignores is the fact that most people out of college are faced with seemingly insurmountable debt as a result of having to pay for an education - esp. in America (and to a lesser extent in Canada). This is one problem that will prevent startups from happening at such a rapid pace as he anticipates. In fact, most graduates want to find stable jobs to pay off their debt -- startups are not really on most gradu…

[quote] What Paul ignores is the fact that most people out of college are faced with seemingly insurmountable debt as a result of having to pay for an education [/quote]

Yeah, but you get a 6 month grace period after school's over before repayment begins, and you usually have several financial hardship forbearances you can take to postpone repayment. Even then, you can go back to school for one semester, and reset the grace period and financial hardship forbearances.

So, you have at least 18-24 months of forbearance/deferment before you have to begin repayment, and that can be hacked indefinitely by taking 6 credits at your local community college.

Re: The Future of Web Startups

#8
post #6

What Paul ignores is the fact that most people out of college are faced with seemingly insurmountable debt as a result of having to pay for an education - esp. in America (and to a lesser extent in Canada). This is one problem that will prevent startups from happening at such a rapid pace as he anticipates. In fact, most graduates want to find stable jobs to pay off their debt -- startups are not really on most gradu…

So wouldn't those people drop out earlier? If you strip out the emotional content of your post, it's quite banal: the price of a product (college) is going up, so people who buy the product (students who pay full tuition) have less money, and since money is a transportable, transferable form of freedom, they're less free.

" In fact, most graduates want to find stable jobs to pay off their debt -- startups are not really on most graduates' radar."

That's irrational. If they're already way in debt, shouldn't they want to take more risks? Why the hell would you do something boring for ten years to pay off your debt, when you could do something fun for one year and have a 10% chance of more than paying off your debt. Also, employers are impressed by people who start their own businesses.

" Businessweek had a survey of the top ten desirable places to work for new graduates -- three were govt. agencies, one accounting firm, google, etc."

Right, because Businessweek can't say "The best place for you to work is that company you start in your apartment with your pals," because 1) that doesn't appeal to BW's audience, and 2) startups are small and varied, so it wouldn't make sense. It's like taking a survey of the most popular restaurants (McDonalds, Burger King) and using that as proof that the swanky new sushi place down the street is an awful place to eat.

Re: The Future of Web Startups

#9
Google has by far the best programmers of any public technology company. If they don't have a problem doing acquisitions, the others should have even less problem. However many Google does, Microsoft should be doing ten times as many.

I actually think Microsoft does.

Re: The Future of Web Startups

#10
The proliferation of startups also exposes a need for better integration. If signing up for accounts and remembering usernames/passwords for a dozen different sites is a pain, think about doing that for hundreds!
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