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Katie Benner has written some good stories, but I'm suspicious of articles like this, because they insist almost irrationally on finding a trend that they can m
by vonnik 10y ago
Katie Benner has written some good stories, but I'm suspicious of articles like this, because they insist almost irrationally on finding a trend that they can make a pronouncement about.
The truth is, startups are all over the place. Some are wasting cash, and some are trying to build sustainable businesses, and some are trying to get acquihired. And all of those things are going on all the time.
VCs have raised record levels of investment from LPs this year. And that money will get pushed into the system whether Bill Gurley wants the competition or not.
The people who harp on an impending crash -- and they have been harping for quite some time now -- seem desperate for something to say about tech. In secular terms, tech's star is on the rise and everyone knows it, so the real news would be a crash. But the crash, like Godot, refuses to arrive. Actually, many parts of tech are pretty damn healthy, and moving fast, AI and robotics being just two.
- dmix 10y agoAnd there is a correlation between those who don't have time (or exposure) to talk to the press for fluffy articles about SV... because they are too busy building a real business that makes money. Meeting clients, investors, hiring, etc. PR is only on some startups lists and they are usually consumer plays which are always riskier (such as valet parking apps).