VCs

Startups: money can’t buy love, or usage

With the hottest startups raising big money from investors, and founders and early employees of some of the most successful cashing out some of their equity to the tune of millions, it’s no surprise that so many entrepreneurs and wannabe entrepreneurs are taking the plunge and starting companies that they hope could be the next big thing.

Building a successful company, of course, is tough, and the odds aren’t favorable. Despite the hot market, a growing number of observers believe that we may be in the midst of a bubble which may not be as big as the first, but which could still create significant pain for entrepreneurs and the startup investment community.

The cult of the entrepreneur and ‘entrepreneuritis’

If you’ve been paying attention to the massive valuations being given to
companies like Facebook and Twitter through secondary markets and the
easy money that’s being lavished on new startups in Silicon Valley these
days, you’re not surprised at the latest generation of entrepreneurs
seeking to become the next Mark Zuckerbergs.

Bubble or not, good times are here again for the time being, and this
time around, the good times have built up a new phenomenon: the Cult of
the Entrepreneur.