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Monday, January 30, 2006
The $100,000 startup
Source: Stanford Business Magazine
Not long ago it took up to 2 years and millions of dollars to start a tech company. Today entrepreneurs can describe the functionality they want, post it to Rent A Coder, and in a few weeks have a working prototype for under $1,000 and get to revenue around $100,000. Forget hiring a sales team. Buy some keywords and the customers find you. And unlike the bubble years, it's actually possible to find good executives. There's just one catch. You still need to have the talent and expertise to turn great ideas into billion-dollar companies.
Posted by mwelch at 10:35 AM
