Many influential and smart guys like Paul are saying that starting your own company today got a lot cheaper, but what does it mean in practice?
While it depends on a nature of the business you are starting, in many cases "build something quick" advice does not work as well as advertised IMO: for most non-trivial ideas "something quick" still means a few months of full time commitment which means tens of thousands of dollars that many "younger nerdish" founders still do not have.
I guess what I am saying is that a million dollars is no different from fifty thousand when that's the money you need but do not have. Sure it probably easier to find an external investor with 50 grand, but is it really? Especially for "nerdier" types?
This is why YComb exists, but that is only about 30 deals a year.
While it depends on a nature of the business you are starting, in many cases "build something quick" advice does not work as well as advertised IMO: for most non-trivial ideas "something quick" still means a few months of full time commitment which means tens of thousands of dollars that many "younger nerdish" founders still do not have.
I guess what I am saying is that a million dollars is no different from fifty thousand when that's the money you need but do not have. Sure it probably easier to find an external investor with 50 grand, but is it really? Especially for "nerdier" types?
This is why YComb exists, but that is only about 30 deals a year.