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Chris Sacca can’t wait for the tech industry to crash

• tswartz 12y ago
  Most interesting bit from the brief article is a nameless company raising $1 billion so it can get the media attention and thus make recruiting easier. >>When he pressed the company to come up with why they needed all that money, they called a billion dollar investment “table stakes” for a company at their stage. “If we’re going to recruit we have to be on a list of unicorn companies, so it has to be at least a billion,” he was told. Sacca wasn’t convinced by that argument in the slightest. “That’s f–ed,” he told the audience. “That’s completely f–ed.”
  • amyjess 12y ago
    Yeah, that really disturbed me. Honestly, Silicon Valley just creeps me out, and this is one of the reasons why. I much prefer the tech startup scene in North Texas, which is far saner.