There’s a lot of discussion on Twitter, Quora, blogs, et al. about whether we’re in another Internet bubble. Steve Blank makes a compelling case for a bubble; while we see no errors in his reasoning it’s a red herring for those of us in Atlanta.
This phenomena is occurring outside of the Southeast. Deal flow is better than in years past but it hasn’t approached levels reached during the dot-com bubble. A few investors looking to add startup investing for portfolio have returned to real estate lured by the ease of credit and firesale of certain asset classes. Competition for seed funding and series A is still very high e.g. Toomah and ScoutMob. There just isn’t any evidence to support a bubble in Atlanta.
None of this should make you change your plans. Of the many different things you need to think about, this isn’t one of them. Keep your head down and focus on execution. The fundamentals of the startup game haven’t changed. Your goal is to build a business and generate profit for your shareholders.
Whatever all of us are doing is working. The startup ecosystem is very strong; we can’t emphasize that point enough. We have a solid base of knowledgable, experienced entrepreneurs. We have a groundswell of young entrepreneurs. We have a wealth of people across industries who are donating their time to startups. Investors are returning because they’re seeing good businesses with good teams. Innovation is happening here. Right now.