2 ms·

So SV is slowly becoming like other large industries - you win less in value created than on internal politics - on impressing a VC instead of amazing a custome

So SV is slowly becoming like other large industries - you win less in value created than on internal politics - on impressing a VC instead of amazing a customer, on impressing the boss not actually managing a SLA. Perhaps it is how SV eventually fizzles out- it must happen sometime.

rchaud 7y ago
SV has already fizzled out. The two biggest SV successes of recent times (Google and FB) sell advertisements and surveillance services under the guise of "connecting people" or "information discovery". Its hot new bets are in food delivery and e-bike sharing. And even after sinking in billions there, they can't figure out how to turn a profit.