
- Image via Wikipedia
Paul Graham this month writes on the risk of VCs becoming irrelevant as the cost of start-ups “approaches” zero.
I humbly disagree. The cost is just shifting from hardware and software to talent, processes, and marketing programs.
Paul Graham is claiming from what feels like an “entrenched techie” standpoint that I noticed more than once reading his blog – which I do respect and admire – that “the web has made marketing and distribution free”.
Not so fast. (more…)


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