Startups: “Take the money and run”
October 17th, 2007 by Benjamin KuoOr so says Dawntreader (NY) venture capitalists Ed Sim in this blog post, where he advocates flipping your startup instead of building it. The last time I heard that kind of talk was at the very peak of the Internet bubble. Interestingly enough, none of those companies I heard talking about flipping are around today–the real companies here in the area–which I define as actually providing value to users, with a sustainable business model–stuck it out through the bust and have ended up doing far better than the bubble children.
