“There is now a noticeable dearth of entrepreneurs building companies with differentiated strategies and sustainable business models. Hot start-ups are now far more often built to be sold to established firms. And when good ideas emerge, VCs flood the market with a slew of copycats, making it hard for true pioneers to succeed.”
As the kids would say, Meh…
The “flood the market” comment is simplistic and fails to deal with reality. Lots of Facebook copycats, maybe. A bunch of YouTube knock offs, yup. A slew of Twitter wannabe companies, uh huh. In each of my (of the top) examples, the pioneers have and continue to succeed.
Eric’s comment with respect to big company buying up little company as a strategy, uh, yeah. The venture community invests dollars in an attempt to return more than what was invested. Selling to an established firm works for me (us) and should work for the entrepreneur as well if those first interests are aligned.
Gloom and Doom loves to look for scapegoats. Eric’s “it’s their fault” commentary fails to make the case in my view.