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Silicon valley mental bubble. I've never heard of this company (not a problem), but there seems to be a SV problem I see constantly repeating: - Some people li
by killbrad 10y ago
Silicon valley mental bubble. I've never heard of this company (not a problem), but there seems to be a SV problem I see constantly repeating:
- Some people like this thing. There could be a market.
- Investor cash gushes in; fast fellation or get no orgasm!
- Startup uses up all of the money somehow on bullshit or self-payment of execs.
- turns out a good thing is now shit because VC's jizzed them full of undeserved cash, the founders sucked up the money, and the staff no longer has any incentive to deliver.
- Hacker News article.
Venture capital is a major problem here. Rich idiots keep giving out money to people that want money, hoping that one of them will become a unicorn. News flash: the bubble is gonna pop again because venture capitalists are basically all idiots. They gamble money they can lose. However, the average person can't handle those fluctuations.
- hyh1048576 10y agoI used them and sold my car at a price better than any dealer. But I personally doubted whether their business model was viable. Actually people don't sell cars very often and being an "car dealer on the internet" doesn't change that fact.
- dang 10y ago> VC's jizzed them Please don't do this here. It's kind of gross. Also, please don't post overheated rants to HN. It lowers the signal/noise ratio, which is what we're hoping to optimize for. Thoughtful critique is welcome. One method for turning overheated rants into thoughtful critiques is to (a) edit out name-calling and pejoratives and (b) add information, such as specific examples.