There are some reality checks happening in the startup world right now.
Some VCs are in a state of change. Many are shifting focus from insane growth at all costs to, perhaps, pragmatic growth, where companies can show an injection of capital will increase their current revenue and profitability.
The best VCs are asking their people to stop hunting good deals, and rather hunt good companies… It seems to be hard to find good companies, since there have been some big blow ups recently.
Bullshit continues to flow, lots of wantrepreneurs out there doing their thing, but time is running out, there’s nowhere to hide bad ideas, bad teams, and bad technology.
Interesting times. If you’re thinking of jumping into entrepreneurship right now, get your shit together first.