The 500 Startups Demo day was many things, and it provided a fascinating glimpse of the Silicon Valley culture of the moment. A mix of earnest youngsters and seasoned veterans hoping to raise funding rounds of between $300,000 and $650,000 for the next phases of their companies, stands in stark contrast to the startups of old, such as Kozmo.com, which gobbled $250 million before going belly-up with only 40,000 users nationwide. Lean methodology also means that small teams are hoping to create investor value–personal wealth–relying on clever deployment of technology, not necessarily hiring loads of employees. So while 500 Startups accelerator companies may soon be revenue generators, it remains to be seen if they will be prolific job creators. (via Comedy and Cash at 500 Startups’ Demo Day - TNW Insider)

The 500 Startups Demo day was many things, and it provided a fascinating glimpse of the Silicon Valley culture of the moment. A mix of earnest youngsters and seasoned veterans hoping to raise funding rounds of between $300,000 and $650,000 for the next phases of their companies, stands in stark contrast to the startups of old, such as Kozmo.com, which gobbled $250 million before going belly-up with only 40,000 users nationwide. Lean methodology also means that small teams are hoping to create investor value–personal wealth–relying on clever deployment of technology, not necessarily hiring loads of employees. So while 500 Startups accelerator companies may soon be revenue generators, it remains to be seen if they will be prolific job creators. (via Comedy and Cash at 500 Startups’ Demo Day - TNW Insider)

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