“Mike Maples had this term, 500K is the new 5 million… the shift of things like AWS, App Store… drove down the cost of starting a company.”

How I Invest with David Weisburd · E436: Nnamdi Okike on Billionaires, Founder Psychology & the Venture Capital Bubble

Play from 48:42
48:42

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What was described

Observed that seed-stage capital needs have collapsed, saying “500K is the new 5 million” because cloud and app-store infrastructure dramatically lowered startup costs

500K, 5 million

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