This quote from Richard Moross, CEO of Moo, on how to assess business ideas in 2009 was interesting:
Is this really a business? Is it really different? If the elevator pitch includes the words ‘Twitter’,
‘social network’ or ‘it’s web app X meets geek meme Y’ you probably need to rethink things - those
days are gone. Today your idea needs to be super-relevant: do people actually need this, or are you
just a solution looking for a problem?
It's good to hear people talking about creating value. Hopefully the days of useless social networking, sheep throwing, farting phone vc fueled exit strategy bullshit will be over for a while (until the next bubble).
