Re:Hacking For Good
by sneak on Monday July 08, 2013 @02:53AM
(#6005505)
> Paul Graham recently wrote that the next big place for startups to disrupt is in startup investing.
Startups are experiments in efficiency: Who can solve a problem for a large (or valuable) market the fastest, with the least friction, and the highest margin? As pg's pointed out, it's all about growth, and that comes from applying efficiency to a place nobody's thought to do so yet.
The long-term impact on the world doesn't factor in to it at all, initially.
My reading of that essay was that there's a lot of money to be made, quickly, by solving that particular problem.
Of course, the argument could be made that by addressing inefficiencies in the communications between early-stage founders and investors, you are giving more opportunities to more people to make the sorts of changes you desire - people who would not have otherwise had those opportunities to build things like that.
Startups are experiments in efficiency: Who can solve a problem for a large (or valuable) market the fastest, with the least friction, and the highest margin? As pg's pointed out, it's all about growth, and that comes from applying efficiency to a place nobody's thought to do so yet.
The long-term impact on the world doesn't factor in to it at all, initially.
My reading of that essay was that there's a lot of money to be made, quickly, by solving that particular problem.
Of course, the argument could be made that by addressing inefficiencies in the communications between early-stage founders and investors, you are giving more opportunities to more people to make the sorts of changes you desire - people who would not have otherwise had those opportunities to build things like that.
These ideas aren't necessarily at odds.