Do startups need waffles? Judging by the large turnout at Startup Digest‘s Startup Waffles event in the courtyard at Lightspeed Ventures this morning, the answer is a definite affirmative. We all know about the startup-pizza link: the whole point of the first round of financing is to defray the Round Table or Amici’s bill.
If we do a cost/benefit analysis, we wonder if waffles top pizza in some meaningful category like team endurance or the all-important lines-of-code-per-slice (or waffle) productivity metric. Will future venture funds differentiate themselves by introducing “waffle” versus “pizza” portfolios? Are we witnessing a major innovation in funding models? Does Google plus Waffle=Gawfle? Or is it Woogle? We have no idea, but we’ve already started writing the business plan.