Startup Authenticity
November 27, 2005
Interesting line of thinking from our favoriate NYC VC and Nick Denton. They ask the question, which is better?
A. Coming up with an idea for a business, writing a business plan, recruiting a team and then raising capital to make your idea a reality - "You can design it from scratch, figuring out exactly what you want to build, getting it all down on paper, raising some money, and then building it. And there are plenty of success stories for that way of building a company."
B. Coming up with an idea and just build it as a side project. - "Or you can just find yourself doing a startup because something you started as a hobby, or to serve your own needs, just took on a life of its own and you have no choice but to evolve it into a business."
They think Type B companies are more authentic (via David). Me too. To borrow a phrase, "Just Do It!"
