4 ms·
Hype trains exist in tech the same way they exist in the seedy world of multi-level-marketing (which unfortunately due to some past clients I have a lot of expe
by michaelteter 3y ago
Hype trains exist in tech the same way they exist in the seedy world of multi-level-marketing (which unfortunately due to some past clients I have a lot of experience with).
It doesn't matter _what_ you're selling. All that matters is that the hype train passes enough people that you can cash out your "investment".
Each investment round is the cash out for previous ones, and the last round is the IPO, where ignorant (no negative connotation, just unknowing) public is left holding the bag of air.
And like the MLM pyramid schemes, sometimes the product or service does have some value to some people. But it gets sold to anyone and everyone, most of whom have no use for it.
Most products or services don't need AI. But for sure, you needed to say BLOCKCHAIN somewhere in your business plan a few years ago, and now you need AI.
Eventually maybe we should just embrace hype trains and accept that people like to get excited about things they don't understand, or things that are imaginary. Just go ahead and sell them a dream. Put AI in your widget and make more money. It's ok. But don't believe your own hype.
- emmender1 3y agonailed it. i have been part of 3 hype-trains - dot-com, cloud, and now ai. missed w3/crypto. but, i havent such hype-trains in other parts of us/world.
- wahnfrieden 3y agoYou don’t speak Japanese / hang out on Japanese internet?
- emmender1 3y agono, but in other parts of the world, there is no sense that you will imminently a) change the world with some doodad gadget or b) be a millionaire by picking up a startup lottery ticket.
- wahnfrieden 3y agohow do you know that if you don't speak other languages and hang out in their spaces?
- dicriseg 3y agoNo. But my AI will hang out on the Japanese internet for you.
- duckmysick 3y agoThe first two moved past the hype and became commonplace, if not mundane. I guess in a decade or two there will be things using web3 principles in a boring way.
- majani 3y agoThere was the SoLoMo (Social, Local, Mobile) hype train of the late 2000s which indeed came to take over the world as promised. Also the B2B SaaS hype train that Basecamp started in the mid 2010s has taken over as well