Posted By Paul Kafasis on March 30th, 2006

If you read Flickr co-founder Caterina Fake’s recent post, you might be discouraged about the prospects for small companies in the future (and possibly innovation in general). Fear not! David Heinemeier Hansson of 37signals will allay your worries, with his reply. A choice quote:

“Yes, it’s a bad time to start a company on VC diesel, using me-too technology, flaunting your non-existing goods, doing tagging because it’s cool, and spending all your time partying. Guess what? That was never a good idea.”