According to TechCrunch, the startup “gold rush” is over. Pretty funny stuff. As if there ever actually was a “real” gold rush, in the sense that anyone could just show up, buy some equipment and start panning for gold. The startup media going on and on about how easy it was to get money –…
Craig Stark's insight:
I agree that we are at a pivotal time in the current Gold Rush. I see the same issues and unfunded failure ratios emerging in Canada.
I am also seeing a new startup model evolving. The expectation of 2 co-founders to develop an MVP and try to build a company has been proven to be a total disaster.
The 1% ers who graduate from funded accelerators are being handled at the expense of the 99% who try and fail and now we can ask Why? There are better ways to tap into innovation.
The new "cluster" model is under way. Forget the painful pitches and demos to woo "egos and icons" for investments.