Paul Graham, Web entrepreneur, Harvard PhD in computer science, dot-com winner, posts an essay on the Future of Web Startups. He says cheaper startups mean more startups, changes in college, a need for better ways to filter startups for investors. Cheaper in this context is a reference to the common theme of Web 2.0, meaning generally lower investment requirements, zero to proof-of-concept with $250,000 instead of $2.5 million, as in my post Cheaper and Easier of a couple of months ago.
It takes a lot of pizzazz to list 10 future predictions. It’s a great ice breaker, to jump-start thinking.
Will cheaper startups change college life because kids jump out starting companies instead of looking for jobs? Is investment size the critical factor in that idea?
Do cheaper startups mean standardization of startups? The idea is that a lot of technology products — computers, for example — evolved like that; but did they? Was that true for cellphones (yet)?
Do cheaper startups mean we need better methods for reviewing potential investments? Does that assume, somehow, a new status quo in investment structure, instead of spreading startup funding broader, to new sources?