Indeed, there are a ton of web-apps that probably will never take off. Still, there is the big advantage that you can build a prototype almost for free.
Other fields (solar, biotech, whatever) might require way more money to start. For real stuff, like machines, not for swag and parties.
Having nothing than an idea, how do you convince a VC that you need a ton of money, given the current economic situation?
Still, there is the big advantage that you can build a prototype almost for free.
As we build, this point still amazes me. If you're willing to put in the time and effort, the cost is not prohibitive. Build in spite of the VCs, not because of them. If your product is good enough, users will force them to find a path to your door. And, of course, you still have a day and a half:
Other fields (solar, biotech, whatever) might require way more money to start. For real stuff, like machines, not for swag and parties.
Having nothing than an idea, how do you convince a VC that you need a ton of money, given the current economic situation?