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One emerging theme of MicroConf this year that I'm also seeing in Silicon Valley is that there is an awful lot of money in tech circles.
Increasingly, it's "just" the consequence of building things and selling them to customers then getting better at business for X years.
Increasingly, it's "just" the consequence of building things and selling them to customers then getting better at business for X years.
This is causing a lot of folks looking for their next adventure to be very differently equipped wading into the river the second time, and I think that is changing the shape of the river, too.
A community defined by non-availability of capital now has high quality access to it.
A community defined by non-availability of capital now has high quality access to it.
(The bootstrapper community has long chafed under "Hmm Silicon Valley professional money won't invest in a business which hopes to one day be 7 figures a year in Iowa" and now there are a bunch of folks who a) did that and b) now have 7 figures a year to redeploy.)
A sentiment I've heard N times:
I'm now a limited partner. Eff me I didn't set out to be a limited partner. I'm not the Harvard endowment. I don't even know anyone who went to Harvard! But I got good at this software thing and what am I going to do now, buy apartment complexes?
I'm now a limited partner. Eff me I didn't set out to be a limited partner. I'm not the Harvard endowment. I don't even know anyone who went to Harvard! But I got good at this software thing and what am I going to do now, buy apartment complexes?
