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Investor Minute - Starting is Easier, but Startups are Harder According to Mitch Kapor

Name: Investor Minute - Starting is Easier, but Startups are Harder According to Mitch Kapor
Uploaded: 2014-05-29T18:16:16+00:00
Duration: 1 min 20 s
Channel: Royston G King
Description: In this brief interview, Mitch Kapor explains that modern entrepreneurs benefit from abundant, often free, tools and widespread knowledge, making it…

29 May 2014 · 1 min

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1:20

In this brief interview, Mitch Kapor explains that modern entrepreneurs benefit from abundant, often free, tools and widespread knowledge, making it cheaper and easier to launch a startup. However, the lowered entry barriers also intensify competition, meaning success now hinges less on technical novelty and more on identifying real-world problems and delivering a differentiated value proposition. Kapor emphasizes the need for originality and creativity in applying technology to solve meaningful issues.

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¿Con qué ventaja se ve la oportunidad de crear algo hoy en día? With today's advantage of the available tools, and a lot of them being free, do you see a huge advantage for young entrepreneurs today to create something than it was back in your time?
Well, it's a lot easier to get started. It's much less expensive. The knowledge of how to do startups is out there much more widely. I mean, thanks to what you guys and lots of other people do. And that makes it easier. What makes it harder is there's so much more competition because it's easier. And you really have to— startups are always hard. And now I think doing something where you have a differentiated value proposition— if you're just doing another photo sharing app, or another social network or a variant on that, I don't care how good a programmer you are or how elegant the 2 or 3 new features you think up, it's just not gonna work. And so the premium today is really much— it's less on technology and more on understanding what the issues and problems are out in the world and how you can bring technology to bear on them. And if you're original and creative around that, you really have a shot. ¡Qué padre!