Execution vs funding

In the future of the web, the majority of value is in innovation and the quality of execution, not in the funding resources a company can provide… giving employees a healthy share, and a majority share in the case of spinouts they are primarily responsible for is not only not a bad idea, it’s the BEST idea.

Link (via Ouriel)

The cost of starting up is so low that funding matters less than before. Ideas and execution are key in a world were rolling out a money making application can take 3 months.