I was just reading Mike's blog on the excesses in the valley right now.
Everyone will agree on the excesses part. But something perturbed me. Its a madness, but a different kind of madness. Not the one where you burn cash crazy. But the one where there's just too many people experimenting too many ideas. Almost like school projects.
But whats wrong with too many companies trying too many ideas. There are 4X companies now because
- its cheap to build something
- there’s a reward for simple ideas done nicely (youtube, feedburner)
- grip of institutionalization is breaking. Gone are days when ideas had to be big, blessed and would take years before released..
When there’s fire, there is going to be smoke. But its no wild fire like 90’s. I was there back then and I am here now. Difference is I am bootstrapped now. And so are so many others I know. Some might be partying, but no way close to peak times yet.
but it can be overwheming. too many companies doing too many things. There’s so much compeitition for even reaching the early adopters. Just keeping uptodate with TC feeds takes an hour.. and frankly Mike, thats what is happening to you. Covering the valley is/will remain a nerve wrecking job.
and whatever cycle we are in, there will always be good startups with the right idea executing the right way. ALWAYS. remember google was a me too idea as well.