"The explosion of seed funding means tens of thousands of companies that previously languished in their basement are getting funding, likely two orders of magnitude more than received Series A funding during the Dot-Com bubble" -
Steve Blank on the Death of the Lean Startup
Hey there,
In his latest essay, author Steve Blank wonders whether the years of positive economic signs for startups have finally removed the need to prove a business model is viable before raising big money.
This strikes at the heart of those of us on the side of reasonable, measured growth, but his argument makes sense. In the right environment, maybe crushing your competitors with size
really is the best way to win.
Then again, maybe we're seeing a bubble like we did in the 2000's dotcom era.
Read this, and let me know what you think.