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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Maybe I'm just not innovative enough, but I see this amongst my peers too and don't understand why anyone would do it? If I had enough investors that I could pay myself a salary, fine. But if I had to live off savings and credit cards, then I think a year of traveling to take a break who be much more rejuvenating than running one of these businesses. And I'm not someone who is against running my own business - buy a few properties and manage those or run a bricks and mortar shop - but these fancy businesses that supply nothing useful and depend on angel investors, go fund me campaigns, and family contributions just blow my mind.[/quote]

Me too. 20 something w/ no responsibility -- give me a year in Europe, not a fake business.[/quote]

yes, but when the money runs out he can claim[b] 'ex-ceo' and leverage to another job[/b]; the whole mythos of creative destruction in places like silicon valley do not punish this type of risk-taking, [b]blow someone else's money[/b] failure, they only punish risk-aversion (probably b/c VC keep coming back looking for the next Apple or Google... maybe Facebook too, but honestly it's P/E ratio is crazy high so its true valuation may be suspect).

There is a lot of cash out there, you can find funding for anything with the thinnest of business plans...[/quote]

Where are you getting this bad information? You need to educate yourself through more than gossip. [/quote]

I have college roommates in engineering in Silicon Valley, went to Ivy so lots of them in the VC space.  There is plenty of capital out there, chasing all sorts of hare brained ideas (Yo!) or high risk ventures (weather satellites w/o any patended or proprietary tech, simply counting of first move advantage).

Honestly, NYC and DC barrier to entry for VC capital is much higher, and most of them are based on less ephemeral premises (at least artisnal bandaids are a physical item and have revenue early on).[/quote]

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