On: Internet start-ups: Another bubble?

[jdp23]

"For the first time since 2000, internet and technology entrepreneurs can raise seed capital with little more than a half-formed idea and a dozen PowerPoint slides."

Really?

[epo → jdp23]

What is your scepticism? That people can do this now or that it ever stopped being that way?

[jdp23 → epo]

That it's the case now. I'm pretty active in the Seattle entrepreneurial community and that's not at all the situation here.

[dabent → jdp23]

When did YC start? I'm pretty sure they've been funding ideas for a few years now. I think one of them turned out to be Reddit.

[jdp23 → dabent]

The ideas that YC funds are much more than half baked, and it's not just a "few powerpoint slides".

[dabent → jdp23]

I didn't mean that as an insult to YC companies, or YC, but when YC started they were literally funding teams with ideas. In Reddit's case, YC convinced the team to do a different idea than what they had presented.

I'm thinking YC now funds more mature companies, but that probably is a sign that there is less of a "bubble" now than there was before.

[jdp23 → dabent]

Interesting point ... I don't know much about YC back in the early days.

Don't get me wrong, I think the right idea should be fundable based on a few PowerPoint slides. I just don't see it happening very often at all.

[nostrademons → dabent]

Summer 2005.

[ccarpenterg → jdp23]

I think the opposite is true since 2000.

[rwhitman → jdp23]

"The first time since 2000". Hmm, I do believe that is not an accurate statement.