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This definitely feels like the 21st century gold rush where everyone's just rushing in before it's too late just in case that hot tech startup becomes the next
by tixocloud 13y ago
This definitely feels like the 21st century gold rush where everyone's just rushing in before it's too late just in case that hot tech startup becomes the next Google. I don't know if wisdom can overpower the greed that people have.
- vdaniuk 13y agoGold rush is a zero-sum game with unsustainable business model, while startups are not any of these things. I feel that such comparisons are misplaced and do not provide useful abstractions to effeciently reason about startups.
- tixocloud 13y agoFair enough that gold is a zero sum game and perhaps gold rush might be the wrong terminology to use. What I really was referring to was the fact that many investors just jump on the bandwagon to avoid missing out on the next big thing. Even when the business model is unclear.