5 ms·
Gen Equity (1999)
- montrose 9y agoThis article demonstrates an important point: it has always been possible to portray Silicon Valley as a self-parody. Or at least that is has for 20 years. It's always possible to portray a domain where people have very ambitious plans in this way. I'm sure you could write a similar article about people coming to LA hoping to become famous actors, or people coming to NYC hoping to become famous artists.
- norswap 9y agoIt's always been possible, and it's also always been relevant. What happened after didn't exactly belie the article.
- jhbadger 9y agoWell the difference there is that people wanting to become actors or artists know it is a long shot, and that most likely they will end up waiting tables or tending bar in hopes of a big break that never comes. At least in times of bubbles, SV isn't like that - people found companies and hire people who do quite well until the bubble bursts.
- ExactoKnight 9y agoThis New York Times piece on Bitcoin written right before the last mega-crash reads the same way: https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html https://www.nytimes.com/2018/01/13/style/bitcoin-millionaire... To quote Warren Buffet. When people get greedy, get scared. When people get scared, get greedy.