Silicon Valley != The Internet (The CEO of Yammer says the darndest things)

Re:Silicon Valley != The Internet (The CEO of Yammer says th... by bdcravens on Tuesday August 21, 2012 @07:14PM (#4415282)

I do feel there's a legit subtext here: we're going to see a ton of startups operating at a micro level. The culture, and daresay the economy, of SV that is based on big dreams and big VC may not always have enough wind behind it. I don't think that time has come, but I don't believe that the winners will always come out of SV, but we'll see more or more SaaS apps built by 1 or 2 people in Kansas or the Ukraine that generate a nice $200-300K revenue stream.

[ Parent | on HN ]

Re:Silicon Valley != The Internet (The CEO of Yammer says th... by sayemm on Tuesday August 21, 2012 @08:11PM (#4415461)

I agree. Think we're going to see more and more winners among lean, bootstrapped developers with good profitable niche ideas, esp as this recession continues.

Sacks makes solid arguments though, as it relates to web startups. Trying to make it as the next big thing among venture-backed internet startups is becoming increasingly high-risk and extremely saturated, startup activity in non-internet tech sectors will probably be more interesting and rewarding over the coming years.

[ Parent | on HN ]

Re:Silicon Valley != The Internet (The CEO of Yammer says th... by drumdance on Tuesday August 21, 2012 @09:48PM (#4415704)

Exactly. Plus there are a lot of companies that will get to that level, then grow slowly but profitably over the next 10 years. Aweber was started by one guy in his basement right around the time the dot-com bubble peaked. He was up against competitors that had raised tens of millions and a few were already public. (I sold my company to one of them.)

Those competitors are all gone now and Aweber is basically a giant ATM for the founder.

[ Parent | on HN ]