Most troublesome is the legalization of 'crowd funding,' the ability of start-up companies to raise capital from small investors on the Internet.
Sentiment: NEGATIVE
I started Shutterstock without any outside funding; I believe in creating a lean startup. By not taking outside investors early, I was forced to use every dollar I had as efficiently as possible. And I was able to keep a large part of the company.
What we believe at Founders Fund is that technology is a way to help everybody on the planet.
Small business owners that are female, that is their number one problem, is access to capital.
I would say raising capital is one of the weakest things for most entrepreneurs.
First of all, in terms of investment in Internet-related developments, venture capitalists - once burned - are now very cautious and are investing in areas that actually make business sense.
While I wouldn't say that most entrepreneurs find it easy to get funding, there are certainly more people out there funding technology and healthcare companies than in other areas.
There are massive efforts on the part of the internet's corporate owners to try to direct it to become a technique of marginalisation and control.
So many folks in the venture capital business are sheep that just want to follow the herd. They are momentum investors purchasing highly illiquid investments. That is a recipe for disaster.
Finance is critical. If sufficient investment is made in infrastructure and venture capital is made available, there will be a big improvement in the situation.
The biggest barrier to starting a company isn't ideas, funding or experience. It's excuses.