Ah, I love a good rant. I especially love one that targets industries that move along at ridiculously sluggish paces when it comes to technology adoption. Dave McClure has apparently been spending a wee bit too much time with lawyers lately, and goes on without pulling punches lamenting their holding on to a “lots of paperwork” approach to getting things done. Here’s a highlight to whet your appetite :
Over the past 3-4 months, i’ve made a few small investments in several startups and become an advisor to a few others. The amount of paper, email, & faxes i have exchanged to get these deals done is F’ING MIND-BOGGLING. Aren’t we in the 21st century? Don’t we all use the web & online transactions for everything? Aren’t you supposed to be ADVISORS to startups that make lives simpler & use the INTARWEB to get rid of all the paper, delay, & complexity we HATE LIKE THE PLAGUE?!? Or did you all grow up with Ted Stevens or something?