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Says Henry Ford? It's 'comical' to think that an industry that sprouted up in the last 20 years will continue to be expansive and profitable ad nauseaum. The
by jollybean 4y ago
Says Henry Ford?
It's 'comical' to think that an industry that sprouted up in the last 20 years will continue to be expansive and profitable ad nauseaum.
The biggest funds raised are now in Crypto - a segment that so far has created nothing useful at all. Still giant experiments buyoed by Ponzi/MLM sentiment. There is no value creation.
I think it still makes a lot of sense because Fintech/global currency represents 'real opportunity' and we haven't really seen it yet.
But money as the root of all power, is inherently the type of thing to be regulated for good reason. Regulations cause ugly bureaucracy and regulatory capture - but - really, regulation is necessary. And that doesn't work well with Silicon Valley types.
AI is going to be a big deal, but will be hard to profit from directly.
I don't think the future is as bright for the Valley as it was in the past. I see an inflection point of lesser returns in the future.