Re:Fred Wilson: A Slightly Different Perspective
by ram1024 on Thursday November 13, 2008 @12:48PM
(#363299)
seems VCs were riding a bubble of their own and forgot that funding poor ideas loses money.
were good ideas ever in such short supply that funding bad ones was NECESSARY? you know what might be a good idea? putting together a crack team of top-notch technologists and using them as a sort of VC counsel. like a carfax for startups. aspiring entrepreneurs can register their startups to the site and have them analyzed and rated by these "professionals" and the ratings would be published for venture capitalists and angels to review so they can make educated decisions on where to invest.
It looks like YC was way ahead of him (Adeo) on this one.
were good ideas ever in such short supply that funding bad ones was NECESSARY? you know what might be a good idea? putting together a crack team of top-notch technologists and using them as a sort of VC counsel. like a carfax for startups. aspiring entrepreneurs can register their startups to the site and have them analyzed and rated by these "professionals" and the ratings would be published for venture capitalists and angels to review so they can make educated decisions on where to invest.