Don’t be fooled by the blog hype and sensational headlines – it’s still a game where less than 1% of new businesses will get funded by storied VCs and angels.
So for the rest of us, the non-one percenters, we need a more reliable playbook to invest our precious cycles in.
Busting the Startup Bubble
Let me get this party started with a big shot of sobriety.
Over 500,000 companies will be started this month in the U.S. alone. Venture capitalists will write less than 100 checks to them in the next 30 days. Angel investors will add just over 4,000. We’re still around 495,000 checks short of everyone getting a piece.
I share this math for two reasons.
1. To point out that if you’re going to bank your future solely on...
