Flickr’s Carerina Fake thinks it’s a bad time to start a company.

Your competition just got funded too. You’ve got $5 million in the bank, and they do too. Their VCs want them to succeed every bit as much as your VCs want you to succeed. This gets you into a horse race, which no one wants: it’s exhausting and expensive.

It goes on and on like that, likening the bubble’s excess executives to today’s entramanures — the Chief Party Officers, if you will. Chris’ greater fool theory — there’s easy money to be had, so grab at it — suggests that Caterina is all the way missing the boat here.

All’s I know is this: three cheers for anything that makes developers more expensive. The Bubble turned out to be so much horse puckey, but it kept me in single malt and broadband while it was going.

This entry was posted on Saturday, March 25th, 2006 at 3:25 pm and is filed under Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.