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I am tired to death of this phase of the web economy. I was downvoted in another thread for characterizing this dance as "charlatanism," but I will repeat it he

by MrMan 15y ago

I am tired to death of this phase of the web economy. I was downvoted in another thread for characterizing this dance as "charlatanism," but I will repeat it here. I hope to God I never need to monetize my HN karma because that would mean I have failed in the actual real economy outside the Peddling of Startups to...actually who are the end investors in these VC funds? Facebook and Google employees and maybe some hedge fund managers who think tech is cool? Downvote me now to show that you are smarter. To send a message that you will aggressively monetize your Javascript skills, and naysayers will be pushed outside the circle of trust.

moadeel 15y ago
I feel you my friend. Up vote for you :) When the heck did it become to have a business that does not make money, does not focus on making money and gets a valuation to half a billion. When? Is there something that I just don't understand that the investors do? I think its simple. People are investing hoping that hype will continue and the next round will cash them out. With that in mind, when IPO hits, the people cash these types of business in and everyone loses once they find out that the company is still trying to find out a business model.