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I think several factors have changed over time, which have made the startup landscape—and for us mere mortals who dream about it—less exciting: - Massive conso
by tlogan 2y ago
I think several factors have changed over time, which have made the startup landscape—and for us mere mortals who dream about it—less exciting:
- Massive consolidation in tech: Large tech companies can easily acquire and neutralize potential competitors by offering founders a few million dollars, leading to fewer truly groundbreaking success stories.
- The evolving role of accelerators and VCs: They’ve turned startups into something akin to product management roles within their own agendas. Whether it’s cloud, AI, or the next big trend, founders often end up building what investors want rather than pursuing their own unique visions.
- A lack of truly groundbreaking ideas: We don’t see as many revolutionary concepts anymore—the kind that once gave birth to companies like Google or Amazon. This is likely tied to the investor-driven focus mentioned above.
- A shift in cultural expectations: Perhaps we—or at least the HN audience—are becoming more like Europe, with an increasing expectation that governments will take care of us, whether through healthcare or other social services. This isn’t necessarily a bad thing, but it does shift the mindset around risk and entrepreneurship.