3 ms·
I personally see this as a positive trend. VC in its earliest form was concerned with experiments that had high technology risk. I am thinking of companies like
by baxtr 1y ago
I personally see this as a positive trend. VC in its earliest form was concerned with experiments that had high technology risk. I am thinking of companies like Genentech and scientists like biochemist Herbert Boyer, who had pioneered recombinant DNA technology.
After that, VC had become more like PE, investing in stuff that was working already but needed money to scale.
- causal 1y agoYeah there has been some lamenting at all the money being thrown at technology hasn't been for anything truly game changing, basically just variations of full stack apps. A few failed mooonshots might be more interesting at least.
- Sanzig 1y agoI agree, if anything spending money on high technology risk is Silicon Valley going back to its roots. Nobody had a way to do silicon transistor manufacturing at scale until the traitorous eight flipped Shockley the bird and took a $1.4M seed investment from Sherman Fairchild. Big bets on uncertain technology is what tech is supposed to be about.
- WalterSear 1y agoThis isn't that. This is VCs FOMOing as global-economy-threatening levels of leverage are being bet on an AI transformation that, by even the most optimistic estimates, cannot achieve a tiny portion of the required ROI in the required time.