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When "fake it until you make it" is a widely spread mantra, people get good at the "fake it" part.
by Snowdax 11y ago
When "fake it until you make it" is a widely spread mantra, people get good at the "fake it" part.
- taberiand 11y agoAnd then realise, you never actually have to make it
- TeMPOraL 11y agoSee: the startup industry. You'll either die or get acquihired before your product will have to start to make some sense (in terms of being actually useful).
- debacle 11y agoNo real entrepreneur wants to be acquihired. It's a massive loss of freedom.
- TeMPOraL 11y agoThen most startup founders are not "real entrepreneurs". Most people go for startups because it's a get-rich scheme, and whatever product that startup does is a throwaway thing, means to an end.
- debacle 11y agoYou don't get rich in an acquihire. Being acquired and being acquihired are two different things.
- Animats 11y agoI just saw the movie "The Big Short", about the guys who saw that the mortgage collapse was coming and figured out how to short it. They had to talk a bank into creating a new kind of derivative so they could short mortgages. There's an opportunity here. Someone needs to come up with a way to short startups. There are a lot of "unicorns" worth shorting.
- nickpsecurity 11y agoHaven't watched that yet. I love the idea, though. Silicon Valley creates so many BS valuations that there should be some negative incentive to it or at least a steady stream of people getting rich off calling their BS. Might lead to some changes in valuations as a side effect.