Startups got less investment funding in 2016

MoneyMatthew said:
When I started searching on staying in a hotel instead of renting in San Fran I started finding crazy stuff like commuting from Las Vegas on a flight daily is cheaper than living in San Fran. That is nuts. Are people really making that much extra money there to offset the costs? I doubt it. Would a software developer who makes $100K anywhere else suddenly make $136K or more in San Fran to offset costs? Is pre-ipo shares the carrot that is dangled? The allure/glamour of working in the Bay Area? It has to be something more than just the money to get people to pay the insane prices to live there.
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Bay area has a few things going for it 1) it's the number 1 destination for recent college graduates 2) in terms of tech there is an echo system 3) people who work hard also play hard and Bay area has proximity to Napa & Sonoma, Lake Tahoe & Reno, Carmel/ Pebble beach, after NYC 2nd highest concentration of high end restaurants in the country including some destination restaurants eg French Laundry IE it's a Mecca for foodies...
 
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dealmaker said:
1) Enron was not a start up when investors lost money 2) if you look at Theranos case you will see a herd mentality 3) obviously VCs do not always vett as thoroughly as you suspect 4) a business plan tells you if the founders have a clear vision for their company 5) a business plan helps a VCs hold founders accountable
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Right over the head on that one.
Really, Enron wasn't a startup. Who knew? Thanks for educating me on that as well as the nearly infinite power of business plans, the need for "qualifications" for entrepreneurs, the fact that I personally can get as much VC money whenever I want (yay!), and that there is too much money sloshing around Silicon Valley.

So much to learn, my friend who's never done this but is an expert because he lives in the Bay area and watched shark tank. I'm guessing I probably came off a bit like you back when I was in my 20's living in the same place during the dot com boom, so I guess I understand. Good luck to you. Just remember this conversation when you write your first business plan and a tiny corner of your brain is saying "that guy was right, this is almost pure conjecture that adds minimal value to anyone."!
 
Sig said:
Right over the head on that one.
Really, Enron wasn't a startup. Who knew? Thanks for educating me on that as well as the nearly infinite power of business plans, the need for "qualifications" for entrepreneurs, the fact that I personally can get as much VC money whenever I want (yay!), and that there is too much money sloshing around Silicon Valley.

So much to learn, my friend who's never done this but is an expert because he lives in the Bay area and watched shark tank. I'm guessing I probably came off a bit like you back when I was in my 20's living in the same place during the dot com boom, so I guess I understand. Good luck to you. Just remember this conversation when you write your first business plan and a tiny corner of your brain is saying "that guy was right, this is almost pure conjecture that adds minimal value to anyone."!
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Hahaha! Finally you agreed to disagree....
 
fordewind said:
i can`t see where your profit is?Might be convinient for truck drivers,though.
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profit is last on the list at least initially, what iam after is user base which is what startups today are valued based upon

here is the profit
membership fees (like costco)
spread on gas prices
gas prices dropping
time value of money
time decay of money
 
RUFUS MREHIN said:
profit is last on the list at least initially, what iam after is user base which is what startups today are valued based upon

here is the profit
membership fees (like costco)
spread on gas prices
gas prices dropping
time value of money
time decay of money
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And "branding".
Hmmmm.... This could be a perk offered by one (or more) of the international car rental companies. Hertz, Avis, etc.
Not sure how ... just thinking out loud. Brainstorming.
 
RUFUS MREHIN said:
I never shared this with trders before , tell me what u guys think, this is my idea for 2 years so far and i got the trade mark on the term the GALLON CARD, WWW.THEGALLONCARD.COM
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Priceline did exactly this during the dot com days, and it's made a few incarnations since but none have made it. I think it's a great idea and I used the Priceline version all the time before they stopped it. But to save yourself reinventing the wheel I'd find the people who tried this before and buy them a coffee to pick their brains on why they failed before you sink a bunch of time and effort into it. Like webvan and pets.com the underlying idea may be sound and they just went a little too crazy with it in '99-2000.
 
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