The setting, too, couldn't be more appropriate. Silicon Valley is acknowledged as the world capital of high technology firms. Up to 60 new technology-related companies every week are being established here, most of which, however, sink in the middle of the tsunami of Internet competition. The joke that venture capitalists and angel investors fall from trees in Menlo Park may well be true. Kawasaki said that statistically, one out of 100 dotcoms make it in the real world, adding that finding the successful candidate on which to shower money is not simply a mathematical formula.
Venture capitalists look at the people involved in the new company.
Intriguingly, Kawasaki believes that a good dotcom idea is about 10 percent implementation and hard work, and luck comprises 90 percent. Most important, the Bootcamp teaches aspiring dotcoms not to fear failure because they'll probably fail anyway. However, the lesson from this harsh reality check is that netpreneurs should persevere, and try one idea after another since many ideas become obsolete fast in Internet time. It also recently opened international offices in Israel and London. The Bootcamp itself goes on a tour.