Will Startup Armageddon happen, or are VC's fixing the problem?
This week (and before), Gary Vaynerchuck spoke out about the startup hype, and that every student now thinks they are an entrepreneur. Building financial machines focused on raising round after round. VC's however, are noticing this trend and some are (re)focusing on revenue driven startups. Will this stop the armageddon (or bubble) Gary thinks is about to happen?
The must read this week is a cautionary tale for anyone thinking about crowd-funding their product. China will copy, but obviously only the cheap to produce and whatever it thinks will be an instant hit. I personally wouldn't worry about it too much.
What are your thoughts?