Joel Spolsky at Startup School 2012

> Startups are overdosing on ambition these days > Not every billion dollar business starts with a billion dollar idea. Not everything unfundable by VCs is unworthy of doing. It's interesting the author is being a VC is understandably blinded by the bubble that never reports on such businesses. The vast majority of businesses created in the world, i.e. almost all small businesses, are exactly that. It's been done before and it's being done now, in large quantities. It's just so common that people don't feel writing medium posts about it and you don't tend to call them startups per se without the VC-funding and fast growth factor[1]. If you restrict the definition of a startup to this, then almost by definition you need such ambitious visions. [1]: [link] I remember Joel Spolsky talked at Startup School a few years back on this subject and he was spot on[2]. [2]: [this video]