Must-Read: Ben Thompson: Venture Capital and the Internet’s Impact
: Venture Capital and the Internet’s Impact: “Because a company pays for AWS resources as they use them…
…it is possible to create an entirely new app for basically $0 in your spare time. Or, alternately, if you want to make a real go of it, a founder’s only costs are his or her forgone salary and the cost of hiring whomever he or she deems necessary to get a minimum viable product out the door. In dollar terms that means the cost of building a new idea has plummeted from the millions to the (low) hundreds of thousands…