Joe Kraus has written an entry on why now is a great time to be an entrepreneur. A good writeup, although the obvious limitation would be that it’s a great article on the topic of net entrepreneurship but not necessarily entrepreneurship in general.
Reasons for his insight are as follows:
- Hardware is 100X cheaper
- Infrastructure software is free
- Access to Global Labor Markets
- SEM changes everything
And the consequences are:
- More people can and will be entrepreneurs than ever before
- Funding sources explode which enables more entrepreneurs
- More bootstrapping to profitability
- Higher valuations for VCs
So, what do you think? I’d love to hear your comments.
July 5th, 2005 at 12:35 am
A lot has been said about Joe’s post during the past few days. Which made me think — is it also a great time to be an investor?
I think so and provide reasons why in my post, Web 2.0: It’s a great time to be an investor. It would be great to get feedback to see if others feel the same. It’s clear that Web 2.0 is not only changing the rules for entrepreneurship… it is also changing the rules for angel and venture investing.