Good points – agreed, the startup game has its problems as hyper growth is rarely sustainable. However, Paul Graham seems to hit on many universal truths that apply if you are in a startup scenario or a self/organic funded model. I see many of the same problems in companies of all sizes and funding models: 1) execution and 2) scaling to meet the demands of even moderate organic growth. DHH and Paul Jarvis also question the startup model. A quote from Company of One:
study done by the Startup Genome Project, which analyzed more than 3,200 high-growth tech startups, found that 74 percent of those businesses failed, not because of competition or bad business plans, but because they scaled up too quickly.
Perhaps as blockchain technology progresses, better funding models will emerge that will provide more alternatives between self-funded and venture capital funded startups.
A lot of neat things seem to be coming out of https://www.crowdsupply.com/. But, not sure the crowd supply model will work for all markets – these platforms seem to focus on very technical buyers.