The lede: “There has never been a better time to start a company.”
a16z led their announcement of a $400 million seed fund by making that claim.
I’ve spoken to more founders in the past 6 months than I have in the past 6 years. Something big is happening.
Covid forced people to reevaluate their life’s work`. A year at home gave them an opportunity to reflect. Am I fulfilled? Do I want to go back? Is this what I want for the rest of my career? The answer is a resounding “no” on a scale that we haven’t seen this century.
Founders need money, and they’re not having trouble finding it. You might look at the chart above and think this is going to end badly. I think it’s just getting started.
More: If you’ve done any shopping online, you’ve been presented with the option to “buy now, pay later.” How is this any different than a credit card? Well, with plastic, you have to pay for your purchase in the next billing cycle or face the wrath of negative compounding via punitive interest rates. With BNPL, you can pay for something over a period of 6 months without any interest. The big players here are Klarna and Affirm, which just announced they’re partnering with Amazon.
Sticking with pay, employees all across the nation get a paycheck every two weeks. Why? I don’t know. I guess that’s just the way it’s always been done. But why shouldn’t they have the ability to determine how often they get paid? DailyPay is coming. It’s inevitable. This will have massive implications for people that are living paycheck to paycheck.
Healthcare is on fire. There are currently 78 healthcare unicorns in that sector with a combined value of over $200 billion. Some of the work being done here will change the world in ways we cannot comprehend. The work that’s being done in biopharma and oncology is well beyond my understanding, but CB Insights has a great report if you want to learn more.
Read the whole thing: Business is Booming – The Irrelevant Investor
Hat tip Michael Batnick/@michaelbatnick