What a laugh!
Gosh I know how this guy feels -- I've had three other startup ideas that were "copied" by the market and took off in other formats. And he was so dead on and hilarious in his assessment of presenting to investors: * I tried for 4 years to get people to take Fundable seriously, traveling across the country, even giving a presentation to FBFund, Facebook's fund to stimulate development of
new apps. It was a series of rejections for 4 years. I really felt that I presented myself professionally in every business situation and I dressed appropriately and practiced my presentations. That was not enough. The idiots wanted us to show them charts with massive profits and widespread public acceptance so that they didn't have to take any risks.*
But guess what? None of that matters and it's all so much whining. Dude -- don't go 4 years with any one idea. Try maybe a year or two. This is a numbers game and you may have to get 10 or 15 of these ideas behind you. Forget about financing. It's a fools game played by people with more money than common sense and all about jumping on the bandwagon and who you know, not about real market-changing potential.
Damn I feel your pain. I really do. It sucks to have a paradigm-shifting idea and watch some other assholes who are simply better-connected run with it. The marketplace is NOT a meritocracy.
I'm right where they were 4 years ago -- new idea, developing a new site, lots of upside potential, and lots of odds stacked against me. I could move to SV and start becoming a professional fundraiser/hanger-on, or I could work my idea and most likely fail.
I choose to work my idea. I'm not going to create charts or blow smoke up investors butts. They get so much of that -- it's one of the reasons their discriminators are so broken. Jesus himself could appear and ask for funding to start a new world religion and they'd probably respond with something like "Wonderful idea, Jesus, but your team doesn't look so good -- lots of fishermen and nobody is even literate. Also the market you're chosen, Judea? Not so good in terms of disposable income. You should move to Rome. Get to know some of the Senators. But good luck with all of that. Don't call us, we'll call you." [damn. That's a good blog idea -- if Jesus was a startup]
Having laughed (and cried) at how real this article was, I wouldn't have written it. As grellas points out, sometimes venting helps and sometimes it doesn't. It's time to get moving, not complaining.