Alexia Tsotsis quotes Yammer CEO David Sacks:
“I think Silicon Valley as we know it may be coming to an end,” Sacks posts, arguing that because major Internet companies are on the prowl for innovative ideas, it’s too risky and costly for entrepreneurs to attempt to create successful new companies. “How many [viable] ideas like that are left?”
This is certainly concerning. As you probably know, startup ideas are a limited natural resource, and despite recent advancements in extraction techniques there’s increasing concern that we’re approaching, if not already past, “peak idea.” I hear there’s talk in Congress of tapping the Strategic Idea Reserve.
I’m still against offshore drilling for it, though. It’ll be too disruptive to the migratory patterns of venture capitalists following the yacht trails to Cabo San Lucas.