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That's great to hear, but a crash would be due to typical Silicon Valkey, and the latest HN batch can't prevent it.
by freyr 10y ago
That's great to hear, but a crash would be due to typical Silicon Valkey, and the latest HN batch can't prevent it.
- ianai 10y agoI don't think you can say it'd be due to Silicon Valley when there are so many global factors at play/to blame.
- jwdunne 10y agoThere are actually many things in the world to be worried about when it comes to the economy. A few badly run companies won't help with that but ultimately won't be the cause. Brexit may or may not have an effect. What is most likely is that other EU countries see the same movement towards exit based on the influence of far right parties. If the US elects a president that openly calls for that, like a certain party candidate did for Brexit, we can be certain about the uncertainty. That's just inside my sphere of concern. There are many other things going on in the world that could lead to a shock in the economy.
- freyr 10y agoMy point was that a crash would be a big enough event that the latest batch of YC startups wouldn't stop it, and one data point doesn't invalidate the broader criticism of SV over the last five years or so. Of course, there may be global factors that could impact a crash in SV. But if the SV tech economy crashes (which is what we're talking about here), I think most blame will fall on local rather than global factors.