Rare and Beautiful
Today in the startup world there are three main religions.
One simple and straightforward called bootstrapping and driven by 37Signals. Another called the incubator model, driven by Y Combinator. And another, practiced by Union Square Ventures, which is direct investment in the best startups.
37Signals are cruel like nature: do it on your own, if you are fit you’ll win. Nothing else matters but profit from the first day.
Y Combinator is something like a discount market for early investors: there are plenty of startups incubated, come please come money guys and do your shopping. Nothing else matters but selling incubated startups to investors.
Fred Wilson with Union Square does speculation. As proper VCs they look at trends, calculate endlessly with spreadsheets, dining to find out more, blogging to make a fame etc etc … a bunch of money guys doing good at IT. The only thing matters to spend huge money and get back somehow a profit in 10 years.
As you see Fred Wilson has nothing to do with the subject of this blog, he is only focused on money, nothing more.
But dear reader, to get an immediate clairvoyance in how things work in startups please read this article written by _a_ leader of 37Signals and answered by _the_ leader of Y Combinator and his disciples. http://news.ycombinator.com/item?id=3576819
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