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Hype is what startups do. Because hype is valuation and the path to exit with $$$$. Let's look at what Musk does with "self driving" Teslas, a very impressive
by AtlasBarfed 4y ago
Hype is what startups do. Because hype is valuation and the path to exit with $$$$.
Let's look at what Musk does with "self driving" Teslas, a very impressive (I have watched the videos) but fundamentally flawed technology. I mean, not as flawed as say, commercial fusion (see: hype on here), personal aircraft (Moller for decades, but maybe a wee bit more plausible), etc.
What amuses me is people dumping on Musk on here for using arguably LESS hype than I would say the average SV startup's CEO parrots. I get it, it's the classic fall guy "him not us" group psychology.
Don't get me wrong, Musk definitely is somewhere in the "owes a lot of money for lying/overhyping" for self driving at this point. But it still was something that had tangible demonstrations, ongoing improvements, and juuuuuust enough success that you could see it miiiiiiiggghhhhtttt work. Someday.
Let's look at Meta. Hahahahahahahaha the hype around their VR/whatever. Now THAT is some primo-grade bullshit hype, they couldn't even beat second life from 20 years ago.
"well, our startup didn't defraud people of $15000 for full self driving that wasn't". Yeah, your startup just sells personal information to companies (and therefore, to private security firms/information central nexuses, and thus to both democratic (if we can call ourselves that) and very very nondemocratic states. Um, which is worse?
So ... is the hype just a legitimate "vision" for the company/product? Or is it outright fraud and chatgpt wordsoup designed to target fat investment from the Saudis?
Let the market decide, I guess, to some degree.
- indymike 4y ago> Hype is what startups do. Because hype is valuation and the path to exit with $$$$. Hype is a short term drug and has a very rough landing. > So ... is the hype just a legitimate "vision" for the company/product? Or is it outright fraud This is the hard part of being a tech investor. It's also what motivates me as a founder. I don't want to sell or invest in hype. I want to make customers happy and my employees and investors wealthy because my customers are happy and paying. I might be naive, but growth to me is a symptom of doing it right, not just spending boxcars full of money on marketing and opinion shaping and then selling to some unfortunate private equity company before the whole thing falls apart.
- AtlasBarfed 4y agoI dunno, Uber hasn't crashed yet. At some point, from a founder's perspective, you get so big that it doesn't matter if it crashes. I mean, how much have Uber's founders actually made? You know, assuming Uber isn't sustainable, things have been quiet on the doom and gloom for that. If your ride gets hitched to enough cash from influential people, your company gets cashed out (and you with it). They'll find a better sucker.
- indymike 4y ago> your company gets cashed out (and you with it). They'll find a better sucker. I don't want to be that kind of founder when I grow up.