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I don't know. People on HN talk about this dichotomy between the value producing Silicon Valley startups, and the valueless of activities like HFT stock trading
by starkfist 16y ago
I don't know. People on HN talk about this dichotomy between the value producing Silicon Valley startups, and the valueless of activities like HFT stock trading. In my mind, in most cases, it's not so clear.
I worked in Silicon Valley for 12 years. Many of the projects I worked on had negative financial value - they never made any money. So essentially I was just wasting some rich person's money. The projects that were successful in terms of users and "eyeballs" often had negative social value. The whole point was to induce users to spend more and more time on our sites. Finally, some of the things going on right now in startup-land are quite frankly, creepy. The last project I did in Silicon Valley involved working with all these vendors who essentially are building up dossiers of every human who uses the internet and shopping it around as "market data." When I realized I was basically contributing to a surveillance state, I quit and moved to Manhattan, where at least I'm only fucking around with rich people's money, instead of fucking around with people's lives.