Monday, January 31, 2011

A few athoughts on MassChallenge Startup Challenge (Spelling is correct)


If we're challenging people to start new businesses, I'll simply assume that we're doing so for people with some realistic reason to assume that a market exists for their service or product. I would like a little confirmation on that, though.

What I'm worried about more, though, is if we once again aren't getting ourselves into another subprime market. Banks, after all, look for things to invest in. and at any given time they have at least some undedicated funds that they would rather be generating revenue with. A push to foster new businesses would, therefore, have to support ones previously unsupported just to avoid being a sham, and so the banks would be granting loans to enterprises previously considered nonviable.

Kind'a scary....