Forward Thinking Media - Are Founders Weaker In 2024?
I watched The Social Network recently. I didn't realize how much progress was made before Mark Zuckerberg decided to go after capital, with an urge from Sean Parker. Once Peter Thiel wrote the $500k check, at a $4.9M valuation, it was pure rocket fuel. It wasn’t to build the product or to get their first school. The product was already flying off the shelves. Leads me to wonder if a lot of modern founders are just weaker. Lots, myself included, want more funding, at a higher valuation, for less progress made. And that has seemed to become normalized. What gives?
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