Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

SV is like the 1849 California gold rush. A few people got rich and everyone else just got dirty.


Which why the clever entrepreneur sell tools for the gold-diggers.


This explains so many start-ups. Especially the ones with .io domains.


One of the Lectures encouraged new startups to come up with something that other startups would find useful. Indeed, it seems like a good 60-70% of startups fall into this "startup tools" category.


I compare it to the Klondike gold rush: most of the people who got rich did so by taking money from suckers.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: