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As an old trading friend of mine said, this is the “shakeout”[0] of a lot of unviable businesses in SV. He recalled similar things happening during the dotcom b
by 0x8BADF00D 7y ago
As an old trading friend of mine said, this is the “shakeout”[0] of a lot of unviable businesses in SV. He recalled similar things happening during the dotcom bubble.
[0] https://en.m.wikipedia.org/wiki/Shakeout https://en.m.wikipedia.org/wiki/Shakeout
- cultus 7y agoI've been waiting for this to happen for years. Some of the unicorn/FOMO lunacy has faded in the last few years, but there still has been no big cull. At least if the economy at large recovers (which is a massive, huge if), the tech industry absolutely will be better for this. So many good ideas get crowded out by buzzword-compliant nonsense.
- ska 7y agoThe thing about a big enough economic shock is that it can kill viable early stage businesses nearly as easily. Remains to be seen exactly what happens of course, but it's at least plausible this isn't going to just be a healthy shakeout.