especially those with technology backgrounds, may be satisfied with a demo and a verbal description of what you plan. Most VCs will tell you that they don't just provide money, but connections and advice. Those hours after the phone stops ringing are by far the best for getting work done. I do have a rule of thumb for recognizing when you have, though. When you're looking for space for a startup, don't feel that it has to look professional. You can't hire that kind of talent. The best I can say for the other 90 is that some of it is funnier in hindsight than it seemed then.
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If I were going to start a startup today, there are only three places I'd consider doing it: on the Red Line near Central, Harvard, or Davis Squares (Kendall is too sterile in Palo Alto on University or California Aves; and in Berkeley immediately north. In those days you could go public as a dogfood portal, so as a company with a real product and real revenues, we might have done well. 6 Something similar has been happening for a long time in the construction industry. Above all, they were determined to make a site that was good to use. (Paul Allen was 22, though, and that probably made a difference.) So if you're thinking, I don't care what he says, I'm going to start a company now, you may be the sort of person who could get away with. And because of supply and demand, they pay especially well. Wall Street learns new languages fast when money is involved. Which helps explain why there are not more startups in Germany. It means someone who takes their work a little too seriously; someone who does what they do so well that they pass right through professional and cross over into obsessive.