Water water everywhere, so let’s all have a drink!
August 24th, 2008Are there too many start-ups in the world? Do we really need another craigslist or facebook knock-off?
Sometimes it is hard to decipher which of the 200 twitter clones are going to survive the year; and which ones were destined to end as a weekend basement project. It is easy to produce a shoddy website clone as you stay up late nights coding away with some friends. And admittedly, there are too many half-hearted clones floating around the internet.
Yes, there are too many start-ups; but there are also not enough start-ups that have planned every stage of their growth. Not enough start-ups anticipate success- contemplating the legal, managerial, technical, and lifestyle demands that running a company will impose on them.
So a better question might be: are there too many start-ups that have not actually considered turning into real businesses? Would you ever quit your job and run your start-up full-time? Do you have a management team, a legal adviser, a possible investor, a friend who can secure bank loans- as your idea turns into a real company?
Optimistically, I would state confidently that there are many opportunities for start-ups that actually understand the rigors of running a business. Spend a day in the office of a tech start-up; and you will get a glimpse into the hectic maelstrom that is a real start-up; and there are not enough people willing to take on the burden of truly starting a new venture.










