The Net isn't going to stop growing in traffic or utility, that's for sure.
My fear is that the glut of mediocrity will put a chilling effect on this "sector" from an investment standpoint.
Based on my recent experience, it's seems like it would be easy to spook Angel investors, and I don't think that would be good for seed-stage NetCo' [even the good ones].
seems like it would be easy to spook Angel investors
My experience is the opposite: since angels use their own money, they answer to no one and can stick with you (assuming they continue to believe in your vision), even as the environment changes.
OTOH, VC firms (or any other organization with limited partners) are subject to more oversight and 3rd party scrutiny, and are much more likely to follow the herd.
Agreed. If you approach an Angel investor with an actual plan that explains how you make money, they will listen. Just jumping up and down yelling about how quickly social networks are growing isn't going to cut it though.
I was actually told last week by an investor that they had heard a pitch the previous day for a social network that was basically that, just inflated user adoption numbers. We have a much better chance at the funding.
The Net isn't going to stop growing in traffic or utility, that's for sure.
My fear is that the glut of mediocrity will put a chilling effect on this "sector" from an investment standpoint.
Based on my recent experience, it's seems like it would be easy to spook Angel investors, and I don't think that would be good for seed-stage NetCo' [even the good ones].