Incubators, Super Angels and An Overheated Market, the title of a December, 2010 post at Nodal Partners, is a California based network of senior level CEOs, investors, founders, directors and specialists. The post contains these words of caution:
“The cycle times of tech startups are getting faster. Early exits are creating young, wealthy angels who are re-investing in next-gen products. It’s terribly frothy and dangerous. Flashback: the opening scene of every episode of Hill Street Blues, when Sergeant Esterhaus closed every briefing with “Hey, … let’s be careful out there!“
A review of Business Insider’s October “35 Up-And-Coming Entrepreneurs You Need To Meet” triggered my revidew of the Nodal and Hill Street Blue warnings.
Here, with no sarcasm intended, are excerpts from several of these funded must meet projects:
1. $3 million…..parenting site.
2. $4 million…crowd sourced translation service
3. $4.3 million…. financial advice and management tools for women
4. $2.5 million….. offers an ad-free, sharper-looking alternative to Evite
5. (undisclosed) crowd-sourced fashion advice
6. (undisclosed) post photos of your outfits to get feedback from the community
7. Series A Funding…ow About We’s novel twist on online dating — focusing on the actual dates and minimizing the online interaction
8. (undisclosed) The use-one-number-to-text-a-group service