> No one cares about the viability, future growth prospects, YoY growth prospects etc in this market. People seem to just want to throw money at everything. It would be foolish not to rake it in. Coinbase is doing the right thing. Every startup should go public now if they can, even more so if its a money losing one. Lot of irrationality in the market right now.
When you realized that Silicon valley had became more about further allowing this kind of reckless financial bacchanal instead of creating actual problem solving businesses, were you equally as disappointed in the entire 'start up world' as I was?
As a Californian with roots in the Valley I think you've just encapsulated what I think went entirely wrong with the SV mentality in my lifetime, and why I think its probably best the mass exodus happens as it may have a chance to re-create itself as a hub of actual innovation instead of making it a hotbed of buzz word laden, horrible named companies with no real business model to speak of in order to get a seat at the trough of cheap hot money in the Market created by the State?
> That was intended as a sarcastic and introspective statement, I might not have achieved it though. I dislike the startup scene too
You know what they say, behind every joke is some shred of truth; but I don't dislike the startup scene per se, I do however detest what its morphed into these last 2 decades and how they conceal themselves as people wanting to 'make the World a better place' or act as 'disrupters' when in reality they are just playing the game that diverts funding away from actual solution based startups to the sexier sounding pointless and into their own pockets and they almost always have those qualities you listed with just the right connections to make it happen.
I didn't want funding for my startup in fintech which is why I preferred being out of the Bay area after one summer in Sunnyvale, as it meant losing control of operations and we were in uncharted territory that would eventually lead to a watershed moment in legislation; but being forced to listen to a few investor's meetings after listening to lobbyists and politicians hours earlier I quickly realized what a waste of talent and resources this system is. And how both systems have the same incentives misaligned and create the same end result: massive waste.
When you realized that Silicon valley had became more about further allowing this kind of reckless financial bacchanal instead of creating actual problem solving businesses, were you equally as disappointed in the entire 'start up world' as I was?
As a Californian with roots in the Valley I think you've just encapsulated what I think went entirely wrong with the SV mentality in my lifetime, and why I think its probably best the mass exodus happens as it may have a chance to re-create itself as a hub of actual innovation instead of making it a hotbed of buzz word laden, horrible named companies with no real business model to speak of in order to get a seat at the trough of cheap hot money in the Market created by the State?