Someone Called Paul Graham talks about mistakes that kill startups.
Reason 1. I think he is totally wrong, just look at me.
Reason 2. Wrong again.. look at all the companies outside the USA doing stuff.
he goes on to list 18 more reasons.
If we define a startup as “New business venture” then hundreds of thousands of people on the Internet qualify for this definition. There are maybe 100 backed VC companies a year on the net ?
Up until last year or so the only companies that had a chance of making it big were VC backed companies. But as technology costs fall and it gets better at the same time the number of things that small 1 person companies can do rises expotentially. We are going to get to a point in the next 3 years were many of the top 100 companies can be run by someone working at home with little to no help. I’d say within 20 years someone can clone what google does today and run it off a single machine at home.
my point to all this is beginning about 2 years ago everyone and their dog could start to create a website online and build a huge business and run it in their spare time or even full time. Before this time the only way to create a successful site was to hire a lot of people. What we are seeing is the long tail of the internet being empowered to create sites.
I imagine a world in a couple of years from now, where your mom or dad could create a Site and compete with you. We aren’t there yet, we have just gone from only VC funded entities have the ability to create large companies, to small bands or individual programmers having the ability to create big companies. Many many business models are going to change as a result of corporations having to compete with companies of 1 -10 people. This in turn dramatically reduce the importance of Silicon Valley.