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Some fascinating observations here. What they describe perfectly explains the rise of places like IndieHacker. IndieHacker is basically a website for Veblenian
by Thorentis 6y ago
Some fascinating observations here. What they describe perfectly explains the rise of places like IndieHacker. IndieHacker is basically a website for Veblenian Entrepreneurs to show off how successfully they are, and how far along they are to being real entrepreneurs. It is a place where their real desires (success, social status, etc.) can be easily signaled to other people.
The increasing number of innovation hubs, incubators, development grants, boot camps, etc. are taken together, what the article terms the "Entrepreneurial Industrial Complex". An entire industry now exists around making money off people that want to be entrepreneurs, or posturing so that they can profit from the potential success of unicorns (e.g. Incubators that take a cut). SaaS that let's you make a SaaS to provide people with tools for SaaS creation anybody?
As others have said here before, in a gold rush, it is the tool makers that make the money. And I think in this current "unicorn rush" that's exactly what we're seeing.
- Barrin92 6y agowhat this also reminded me of is a story about "fake influencers" I read which are people on Instagram and so on who pretend to be paid influencers, they go on trips, shoot photos but actually nobody is paying them at all. On the one side, of course, there is a real financial motivation to become more famous, but on the other hand like the entrepreneurs, they just seem to want to consume the influencer lifestyle and for a while just pretend like they're engaging in the actual activity.