links 9/14/2024: https://roamresearch.com/#/app/srcpublic/page/11-14-2024
links 11/13/2024: https://roamresearch.com/#/app/srcpublic/page/11-13-2024
I agree that more people should be starting revenue-funded/bootstrapped businesses (including ones enabled by software/technology).
The meme is that if you're starting a tech company, it's going to be a VC-funded startup. This is, I think, a meme put out by VCs themselves, including Paul Graham/YCombinator, and it conflates new software projects and businesses generally with a specific kind of business model called the "tech startup".
Not every project worth doing should be a business (some should be hobbies or donation-funded) and not every business worth doing should be a VC-funded startup (some should be bootstrapped and grow from sales revenue.)
The VC startup business model requires rapid growth and expects 30x returns over a roughly 5-10 year time horizon. That simply doesn't include every project worth doing. Some businesses are viable but are simply not likely to grow that much or that fast; some projects shouldn't be expected to be profitable at all and need philanthropic support.
I think the narrative that "tech startups are where innovation happens" is...badly incomplete, but still a hell of a lot more correct than "tech startups are net destructive".
Think about new technologies; then think about where they were developed. That process can ever happen end-to-end within a startup, but more often I think innovative startups are founded around IP developed while the founders were in academia; or the startup found a new use for open-source tools or tools developed within big companies. There simply isn't time to solve particularly hard technical problems if you have to get to profitability and 30x growth in 5 years. The startup format is primarily designed for finding product-market fit -- i.e. putting together existing technologies, packaging them as a "product" with a narrative about what and who it's for, and tweaking it until you find a context where people will pay for the product, and then making the whole thing bigger and bigger. You can do that in 5 years. But no, you can't do literally all of society's technological innovation within that narrow context!
(Part of the issue is that we still technically count very big tech companies as "startups" and they certainly qualify as "Silicon Valley", so if you conflate all of "tech" into one big blob it includes the kind of big engineering-heavy companies that have R&D departments with long time horizons. Is OpenAI a "tech startup"? Sure, in that it's a recently founded technology company. But it is under very different financial constraints from a YC startup.)
neutrality (notes towards a blog post): https://roamresearch.com/#/app/srcpublic/page/Ql9YwmLas
Shreeda Segan is working on building it, as a cashflow business. they need $10K to get to the MVP. https://manifund.org/projects/hire-a-dev-to-finish-and-launch-our-dating-site
links 11/08/2024: https://roamresearch.com/#/app/srcpublic/page/11-08-2024
links 11/07/2024: https://roamresearch.com/#/app/srcpublic/page/11-07-2024
links 11/6/2024: https://roamresearch.com/#/app/srcpublic/page/11-06-2024
links 11/05/2024: https://roamresearch.com/#/app/srcpublic/page/11-05-2024
links 11/15/2024: https://roamresearch.com/#/app/srcpublic/page/11-15-2024