This seems like another variant on "tech is a bubble/ponzi scheme", but founders and VCs are evil because they know and are taking advantage of poor investors!

This seems like another variant on "tech is a bubble/ponzi scheme", but founders and VCs are evil because they know and are taking advantage of poor investors! Honestly I find it hard to care when bozos invest in a meme asset without understanding what they bought. I feel like Thiel's point about stagnation is fundamental to this problems. A lot of these startups aren't providing real value, they are repackaging existing value with an undeserved markup. They can get away with it because there really isn't a lot of innovation anymore.