However, the problem I am seeing though, is most of these startups is not the next Tesla or doing something innovative, they are just trying to create a new social media app or some new game. Not that there's anything wrong with that, but my opinion is that startups should be about trying to solve a problem. Just like friendster, it got created because the guy just broke up with his girl and wants a way to easily find dates.
On a side note, given this flood of startups, why is it still hard to find a software development job that gives a decent pay? Can it be that these new startup trend is just another way to get people to write code real cheap?
I'm imagining this scenario.
Start Up Boss : Hey you want to join a startup that is like mashable but only better?
Start Up Boss : Wow cool. You know, it would be better if we can integrate this with some legacy code. Since, you are so awesome, can you write me some services to communicate with our mainframe application preferably using json.
Guy: Yeah I can do that... <starts keyboarding some codes>.. ALL DONE BOSS!!! Take note, I've done all this stuff and got time for 2 hours of sleep. I'm really awesome.
Start Up Boss : Cool! Here's your first month's paycheck for 2K. However, there's some new direction that our startup is taking and we need to let you go.