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I don't think the criticism of startup products is the same as criticism of the bailout. But I do think that we've lost our sense of community (or perhaps neve
by theGnuMe 4y ago
I don't think the criticism of startup products is the same as criticism of the bailout. But I do think that we've lost our sense of community (or perhaps never had one).
>Seems like the hostility hit its most irrational peak with the sentiment here towards startups who banked with SVB. Many seemed to go so far as to almost hope we’d see a startup meltdown.
This is an image problem driven by plain old hypocrisy and fueled by greed. The "bail us out in full" because we "played by the rules and trusted banks" even though the actual rules are well advertised. Socialize the losses and privatize the profits. You can dislike this if you are a libertarian, on the right or even on the left all for different reasons. But we had a set of agreed upon rules that were apparent not good enough and the "tech elite" leveraged Twitter to broadcast that. Honestly it really shows the power of Twitter.
Then HN itself has been largely pro libertarian and anti-union for a long time although it looks like the sentiment has been slowly changing. There's always been a question in my mind of how much a HN discussion is driven by minority actions of a few vocal individuals or down votes. I don't think we actually get a good discussion of actual ideas here.
YC was also affiliated with Thiel at one point and while Altman espoused UBI (a good thing) that seems to have been dropped. OpenAI was open source and is now closed and it was nonprofit and is now seemingly "in it for the money". And while he is no longer running YC, he is still strongly associated with it. In addition Altman is seen as libertarian due to his association with Thiel. Tan is also viewed as less liberal than SF requires in terms of local politics. This doesn't help the "tech overloads are asking for money" image problem especially when the bank run was trigged by VCs out for themselves.
That is indicative of the real problem which is that SV has a major culture problem, specifically that it is no longer a community and does not interact positively with the larger community. YC companies like Airbnb have this problem too, as do all gig economy companies. Honestly if YC wants to do better they should push for universal healthcare so that they can have their gig economy companies.