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This might be true but it is better for everyone. When the sun was shining everyone and their mothers became VCs due to personal connections. They brought nothi

This might be true but it is better for everyone. When the sun was shining everyone and their mothers became VCs due to personal connections. They brought nothing else to the table. They didn't know what was a good startup. They depended on hype and VC networks of other equal fools. Those VCs are dead. Gone away. Swept up in the storm. Good riddance. And along with them the dumb companies which should never have seen the light of day.

intelVISA 4y ago
This is a necessary market adjustment, painful for some whose products were weak but a requirement if we are to continue the incredible feats of innovation that is expected in tech.
jjtheblunt 4y ago
Yet Tim Draper remains active and free, who proselytized Elizabeth Holmes and encouraged investments in her, then bitched that the US shouldn’t prosecute her (by which he clearly meant him next) because it would stifle ‘fake it till you make it’ spirit, now proselytizes bitcoin. The world is bizarre, and, born in Chicago, I’m inclined to think filled with shameless crooks.
dpflan 4y ago
I do agree with the environment changing and less adaptable, less useful companies will fold and faux VCs will evaporate Which I think is good. The startup scene and VC scene was clearly about hype and growth. Of the last decades lots of innovation, but, what are the top companies from this time period? I am curious of analysis of ZIRP era startups that are really strong and would like a list to just peruse. There is of course what seems like the SoftBank effect, which seemed to exist to lose and push hype around the least capable businesses that fade when growth at all costs is the goal. Anyway, has been truly interesting to see how things play out and actually which technology has changed lives and the future of society.
voisin 4y ago
Sounds a lot like how everyone became a real estate “investor” when rates were low and no one was considering the downside of taking in more debt.

intelVISA 4y ago

This is a necessary market adjustment, painful for some whose products were weak but a requirement if we are to continue the incredible feats of innovation that is expected in tech.

jjtheblunt 4y ago

Yet Tim Draper remains active and free, who proselytized Elizabeth Holmes and encouraged investments in her, then bitched that the US shouldn’t prosecute her (by which he clearly meant him next) because it would stifle ‘fake it till you make it’ spirit, now proselytizes bitcoin. The world is bizarre, and, born in Chicago, I’m inclined to think filled with shameless crooks.

dpflan 4y ago

I do agree with the environment changing and less adaptable, less useful companies will fold and faux VCs will evaporate Which I think is good. The startup scene and VC scene was clearly about hype and growth. Of the last decades lots of innovation, but, what are the top companies from this time period? I am curious of analysis of ZIRP era startups that are really strong and would like a list to just peruse. There is of course what seems like the SoftBank effect, which seemed to exist to lose and push hype around the least capable businesses that fade when growth at all costs is the goal. Anyway, has been truly interesting to see how things play out and actually which technology has changed lives and the future of society.

voisin 4y ago

Sounds a lot like how everyone became a real estate “investor” when rates were low and no one was considering the downside of taking in more debt.