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> All the while, Martino’s ultimate warning—that they might someday regret actually getting the money they wanted—would still hang over these two young men, inh
by Apocryphon 4y ago
> All the while, Martino’s ultimate warning—that they might someday regret actually getting the money they wanted—would still hang over these two young men, inherent to a system designed to turn strivers into subcontractors. Instead of what you want to build—the consumer-facing, world-remaking thing—almost invariably you are pushed to build a small piece of technology that somebody with a lot of money wants built cheaply. As the engineer and writer Alex Payne put it, these startups represent “the field offices of a large distributed workforce assembled by venture capitalists and their associate institutions,” doing low-overhead, low-risk R&D for five corporate giants. In such a system, the real disillusionment isn’t the discovery that you’re unlikely to become a billionaire; it’s the realization that your feeling of autonomy is a fantasy, and that the vast majority of you have been set up to fail by design.
> They ran an experiment. None of their lives have been ruined.” He knew they’d get good jobs, even if it meant the life of a project manager at Yahoo. “And none of their investors’ lives have been ruined either. When they close up shop, their investors will say, ‘That’s one more off the books. I don’t need to help them anymore. I get my time back.’”
No Exit: Struggling to Survive a Modern Gold Rush by Gideon Lewis-Kraus
https://news.ycombinator.com/item?id=7643902 https://news.ycombinator.com/item?id=7643902
- salawat 4y agoHoly shit. That about crystalizes my sense of existential ennui at the moment. On the one hand... It works. On the other hand, Christ, if that's all it boils down to... Dear God, what have we built?
- Apocryphon 4y agoIt's funny because No Exit, and that article which is the abridged version of it, was published eight years ago. The industry has been in this steady-state for a while until COVID hyperinflation upended everything. https://slate.com/business/2014/05/no-exit-by-gideon-lewis-kraus-are-tech-startups-for-suckers.html https://slate.com/business/2014/05/no-exit-by-gideon-lewis-k...
- barry-cotter 4y ago> Dear God, what have we built? An industry where people can get rich making something useful enough people want to buy it. It’s no less honorable or meaningful than any other way of doing that, like an insurance agent, wedding planner, toy manufacturer or sporting goods store and a lot better than being in a zero sum prestige racket.