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If it sounds easy VCs will not fund it, even if it's actually hard. If it seems hard and has buzzwords then VCs will fund it; they use difficulty and buzzwordi
by hsn915 5y ago
If it sounds easy VCs will not fund it, even if it's actually hard.
If it seems hard and has buzzwords then VCs will fund it; they use difficulty and buzzwordiness as proxies for being on the bleeding edge of technology because they think that's how companies succeed.
The only reason blockchain and ML for example are trending is because VCs will pump money into companies that use these buzzwords.
One of my previous employers really wanted to use AI for a mundane problem that the engineering side provided simple solutions for, but the "founder" kept trying to push for AI from any angle he could imagine. He didn't tell us this directly, but to me it was obvious that for him AI was a gimmick to get VCs to pump money into his company.
- datavirtue 5y ago"He didn't tell us this directly, but to me it was obvious that for him AI was a gimmick to get VCs to pump money into his company." This is exactly the kind of thing you should tell the engineers. Get them on board, straight up.
- hinkley 5y agoDo you suppose it's a sort of impostor syndrome? They're afraid they aren't smart enough to understand what they're paying for and so they just keep pushing the doubts down and writing the checks? Or is it full Dunning Kruger?
- hsn915 5y agoIt's what Peter Thiel calls indefinite optimism. They have no idea what's going on but they believe there's money to be made in tech. They follow tech news to try and figure out what type of tech companies make for good invesetments. It's a mimetic society. https://www.luca-dellanna.com/mimetic-societies/ https://www.luca-dellanna.com/mimetic-societies/