iBloks = iWTH
Published June 30th, 2006 in Software, Venture Capital, OpinionPete Cashmore over at Mashable! just wrote about iBloks and I just can’t keep quiet on this one. This got both angel and VC funding. What. The. Heck. I am at a loss for words. Here I am trying to grow a services business in a viable market, going at it alone, but everywhere I go it seems I read more about half-baked software product ideas with zero-utility that get millions in funding. There is something wrong with this picture. This is proof that there are investors out there who have the money, but have perhaps been brainwashed into thinking that crap like this is worth funding. I seriously need to consider taking my case on the road to find people who want to invest in something that has a stable future.
As I commented when I read Scott Burkett’s ref to your post, you can’t entice over-fed folk with mere steak … with sizzle? Yes.
It’s an attention-addled market … and investment (the iron law of capital?) flows to where the returns are quickest. Regretable. Lamentable.
Not terribly long ago I gave up on the idea of (having a car again?) any sort of return. I’m beavering away on the best idea I’ve had in my life (I mean best: most solid, most valid, most wide-reaching, and most beneficial … and I started doing CMC in ‘72, while in uniform) and that, I realize, has to be worth it in itself. Remember: while painting the Cistene Chapel Mikey was living in something not much better than a dog house.
When the sensible lose heart and walk away, shaking their heads, then the nation loses its foundation.
Do it cuz you think it’s the right thing to do. And let those selling over-priced toxically coloured popcorn go their own way. No need to keep silent … but keep on keepin’ on; /that/ is your to do. Yaa?
Yaa.
^5