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> There is a real danger with current era Bay Area tech that it is just a game of musical chairs played with money, with remarkably little external value being
by cudgy 2y ago
> There is a real danger with current era Bay Area tech that it is just a game of musical chairs played with money, with remarkably little external value being generated.
So, you don’t think that is already the case?
- fidotron 2y agoIt was nothing like as bad as this 10 years ago, no. Just look at the state of successful exits - it is awful. This is not the same as an ecosystem producing Sun, HP, Apple or even Google, which all had enormous positive externalities.
- meiraleal 2y agoYes it was like this for Apple, Microsoft, Google, Facebook. The difference is that at that time the genius youngster (which is just the son of some already successful people) creating startups were cool. Now nobody wants to make or watch a movie about Sam Altman and OpenAI.
- HWR_14 2y agoDid anyone think Zuckerberg was cool? Even the movie about him seems to have made him seem more antisocial and nerdy than he really is. (Based on 3rd party reports about him)
- jjulius 2y agoTen years ago was 2014 - Sun, HP, Apple and Google were all very much "old hat" and entrenched. Hell, HP was in the process of significantly cutting back it's business and eliminating jobs[1] (34,000 lost jobs in 2013 and ~16,000 in 2014 is an interesting "positive externality" lol). There was no ecosystem producing them, they were the people who were either running SV, or realizing that their time in the sun was coming to an end. [1]https://en.wikipedia.org/wiki/Hewlett-Packard https://en.wikipedia.org/wiki/Hewlett-Packard