> Further, I can't locate nor have seen any evidence to support the claim that anybody considers those types of apps to be the apex of human civilization. http

> Further, I can't locate nor have seen any evidence to support the claim that anybody considers those types of apps to be the apex of human civilization. http://blog.samaltman.com/hard-tech-is-back http://blog.samaltman.com/hard-tech-is-back I think the public perception problem is that "people invest in / read about things they understand." By definition, people are less likely to understand an enterprise predicated on cutting edge research than a realization of an existing market need by deploying existing technology. So the bubble talks about Snapchat but not battery technology startups (side gripe about deplorable state of popular scientific reporting).