Former Amazon, Uber, and Airbnb employees are raising $3 million seed rounds with three-person teams, a prototype, and $5,000 in early revenue. The speaker warns this trend of outsized funding for minimal traction and tiny teams is troubling for startups.
That was like a really disturbing trend. Far too many solo entrepreneurs raising $3 million and trying to find tech talent. Now it's 3 people who, one got laid off from Amazon, the other one had quit working at Uber when they made a shit ton of money. They built a prototype, their other friend left Airbnb who's a great designer, and now they've got the product done and $5,000 in traction. It's really great. The talent density is great.
