this is the best articulation ever of what it's taken me a decade of covering VC-fueled tech to understand - ThreadSky

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mims.bsky.social • 4 days ago

this is the best articulation ever of what it's taken me a decade of covering VC-fueled tech to understand

Reposted from Meredith Whittaker

Stand by this: www.politico.com/newsletters/...

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toddgoldsbie.bsky.social•4 days ago

It's the mindset that's ripping through the US Government right now and in 2026 during the next great recession and plague, voters will be thrilled with the valuations.

cinderellen924.bsky.social•4 days ago

that hype narrative even predates VC/TechWorld: we've always been about 'development' & 'growth,' hardly ever about maintaining & improving what we already have. builders will build new bldgs for profit, with no thought to community needs. I think it may be programmed into our national genes...

mattdocking.bsky.social•4 days ago

As a species, we seem to be fucked.

andreas.com•4 days ago

there's more to it than that.

i live in Palo Alto since 1992 and built startups, worked at startups, advised startups, etc. i wrote about the "Silicon Valley Venture Capital Business Model" several weeks ago, based on what i've seen.

https://www.linkedin.com/pulse/vc-bad-silicon-valley-andreas-ramos-hzuhc/?trackingId=8JKLjv8cGgwcjSxfGNDubg%3D%3D

pault00.bsky.social•4 days ago

Interesting summary Andreas, thank you.

mdequinto.bsky.social•4 days ago

The Trump administration is the ultimate hype to save the valuation of the crypto industry. Hence, all the tentacles of Andreesseen all over there...

changeist.bsky.social•4 days ago

As someone who was on the analyst side, I could have told you that three days into the job in 1995.

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