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The Future of Web Startups

paulgraham.com

161–170 of 173 posts

Re: The Future of Web Startups

#161
The following is 100% true and accurate:

1. start-ups are in fact cheaper now. register at facebook.com, learn how to use their API, and create a facebook app. there is your start-up for the cost of how long it takes you to program the API and any other additional costs, which aren't much. storage is almost free now, and all the other web services you could dream of exist and on the cheap.
2. current pedagogy s*s. i'm about to complete a degree from a "prestigious" silicon valley school (marketing/finance) and i can tell you that most lectures are regurgitations of what we read in our over priced text books. additionally, stanford and berkeley (to name just 2 of many more) post many of their lectures online FOR FREE. so in effect, you can actually get a stanford or berkeley education for the price of your computer and internet connection. the autodidacts will have even more access to free information and knowledge, and anyone who focuses more on a meaningful education instead of a brand name/good grades will get the better education. i tell most of my professors to just help me get C's because, after all, no employer is going to ask me what my GPA was 5 years after graduation. why should i care now? plus, the internet has so much more information that most university classrooms that spending my time on the computer all day will actually make me smarter than sitting in most any classroom. but the people still do make the education worth it in some sense. i've met everyone of my partners on campus. and if you're genuinely interested in other people you will meet a lot of cool people who will shape the world. many of the leaders of tomorrow are at a keg party on a college campus right now.
3. most start-ups don't start off as 8 hour a day 40 hour a week gigs. so it's not always necessary to just finish school or drop out entirely to do your start-up. most kids or people will start a company in their spare time. i've already started 3 that way. when you have a good idea sleep isn't as important or necessary, so the work will be done after work or between classes. the only time you drop out of school or quit your job is if the start-up actually has some success and a lot of promise. and the advantage is definitely with the younger, unmarried, childless, crowd. we don't have as much responsibility other than our own selfish needs. in other words, keep it in your pants if you want to increase your chances for success. the world isn't fair, don't cry. and when you get married your testosterone decreases, any way. google search it (hint site: newscientist.com/channel/sex/love)
4. web start-ups are a good thing to write about in the context of this essay because the are so damned comparatively easy to do. give me another example? a biotech company? a nanotech company? a traditional, bricks and mortar company where you have lots of PPE? storage space is nearly free, we have things like google adsense, social networks are great mediums for free, viral, guerrilla marketing, ruby on rails, etc etc etc. all of you griping about a lack of representation in other areas are being ridiculous. stop griping and come up with an idea instead of complaining. none of you will probably ever succeed in a start-up with that kind of attitude. your chances of success are already, statistically, a rare event at 5%. but if you cheer up and take a look at all the positive things this essay mentions your chances for success immediately pick right up. name one successful (truly, in every sense of the word) person who does nothing but complain and gripe about things.

and lastly, a shameless plug, if you enjoyed my insights check out my new blog at quantumcreative.blogspot.com

cheers -

Re: The Future of Web Startups

#163
Another trend: as start-ups veterans become more common, they will form a group of people who are not reliant on organizations for their livelihood. Like Jefferson's agrarian ideal of individual farmers living off the land, those citizens who control their own destiny through technology will be enjoy the greatest liberty.

Re: The Future of Web Startups

#164
post #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.

When this happens "Hiring will be obsolete" http://www.paulgraham.com/hiring.html ...because we've inspired everyone to do startups. There will be nobody else to hire :) We're back to the pre-industrial revolution era. Where everyone didn't hire anyone and had their own backyard industry. Woohoo!

Not really. We are at a new plateau, if you want: stuff that used to be hard is now standard. So people can lift up their heads and get going with something new.

Re: The Future of Web Startups

#165
Great essay...there is only one point I disagree with and that deals with elite universities. The same argument that is applied to startup hubs applies to elite universities (which usually happen to be in these hubs). The competitive advantage of finding a better cofounder or employee is one that should not be passed up on.

Re: The Future of Web Startups

#166
Yes, I'm kind of fan of PG posts and this one is also cool. While I can argue a lot about what the future will bring for startups and hackers etc., I'm more interested into that "being in the hub". While I'm from Europe, I would like to know what would be the hub in the Europe (Maybe I'm writing in the wrong place but anyway) and if the cities/areas compete, how come that there are no Silicon Valley VCs present in Europe, if they are present in Israel?

While I like having in my mind all about good stuff from Silicon Valley, VC and tech folks, I would encourage Paul to write about bad things that can happen to hackers when they deal with VCs or Angels like dropping out of the Board, etc. it would be good to maybe prepare us tech folks to handle the truth that not all people will be good people around us that will try to invest in us, or are there only "good people" in Silicon Valley?

Re: The Future of Web Startups

#167
"Knowing that risk is on average proportionate to reward, investors like risky strategies, while founders, who don't have a big enough sample size to care what's true on average, tend to be more conservative."

I don't think that's the only reason founders want to keep risk low.

The most important reason is that money has diminishing effect on happiness. People want to be able to guarantee a "moderate" life. What comes beyond that is not as important basic needs.

Re: The Future of Web Startups

#168
I'm currently in uni and have been thinking of starting up a biz as soon as I graduate and as Paul pointed out my goal has actually made me learn stuff in uni instead of trying to get the best grades to impress employers.

It would also be a great change to see technological universities align their teaching to help students startup companies instead of preparing them for 9-5 work.

Re: The Future of Web Startups

#169
I think what you say and how you say it is wise. you could help change education as we know it. but i guess, even in a subversive way, you are - but i just ruined it by talking about it.

thank you for your communication skills.

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