I don't think the point is that it is 'easy' to create a $10K/mo - but that it is easier to build that, than to build a Google/Facebook.
I think he went overboard by imploring EVERYBODY to stop trying to build those types, and build a lifestyle business - but the criticism is valid.
We, the industry, is caught up with the $10M Series A round, and the major IPOs and acquisitions. When it's just as much of a major victory for a small company - one or two employees doing $10K - $100K/mo.
That's pretty major.
I think it is doable. Not for ALL types of technology - e.g. not Twitter, Google, or FB.
But certainly for many webapps.
Think of it like being the new 'professional', where professional is an accountant/lawyer/doctor. You no longer have to go to med. school for 7 years, but you have to invest time in learning about everything it takes to build and launch a successful webapp (which I would argue is just as grueling as med/law school).
The major difference is that it scales beautifully. If you can put the systems in place to earn $10K, you can relatively easily go to $100K/mo.
I think he went overboard by imploring EVERYBODY to stop trying to build those types, and build a lifestyle business - but the criticism is valid.
We, the industry, is caught up with the $10M Series A round, and the major IPOs and acquisitions. When it's just as much of a major victory for a small company - one or two employees doing $10K - $100K/mo.
That's pretty major.
I think it is doable. Not for ALL types of technology - e.g. not Twitter, Google, or FB.
But certainly for many webapps.
Think of it like being the new 'professional', where professional is an accountant/lawyer/doctor. You no longer have to go to med. school for 7 years, but you have to invest time in learning about everything it takes to build and launch a successful webapp (which I would argue is just as grueling as med/law school).
The major difference is that it scales beautifully. If you can put the systems in place to earn $10K, you can relatively easily go to $100K/mo.