I don't even mind that there are morons out there who think this kind of business model works. Hell, if you're dumb enough to realize that even hyper-competitiv

I don't even mind that there are morons out there who think this kind of business model works. Hell, if you're dumb enough to realize that even hyper-competitive companies like Amazon can't make restaurant delivery work, but still want to invest in Doordash, go ahead. What REALLY gets my goat is how much mental real estate these wannabe entrepreneurs get. Personally, I joined the tech industry because I was more inspired by the smaller, incremental innovations that generated value. Something like CRT TVs becoming razor thin, or mobile phone cameras overtaking traditional cameras in resolution, or the Apple M1 chip/ARM, THAT was what I used to think of when I thought "Innovation". However, smart people around me these days, they have no interest in actually doing hard, innovative things. The definition of "smart" today, is actually to raise a bunch of VC money and get a "net worth". And that makes sense, doesn't it? Why work hard, when you can "generate" "billions" of value with just a Powerpoint slide deck? The end result of all this is that people actually get discouraged from doing the hard work and actually generating real value! Yeah, why should I spend time understanding Supply Chain basics, or studying Operations Research theory? Why should I actually come up with an improved heuristic for Travelling Salesman? Let me just make a shiny Powerpoint, and head on into my first VC meeting.