I have a serious question: why do people get upset at bubbles? Is it jealousy that others are getting investment or flipping their companies where you perceive little value? I'm not asking to be a bitch - just curious cause i feel some of those emotions myself but I rationally know that they are counterproductive. Shouldn't we be happy for our startup brethren? Does color's funding hurt you (or the industry?). I imag…
Bubbles sicken me because they truly bring out the worst of the investor types, the ones who will throw money at anything regardless of its use case.
This is $41 fucking million dollars we're talking about here, and it's spent on a god damned mobile application to connect people with others in random arbitrary situations. People do not have a difficult time doing this, an application on a phone isn't going to make a difference. We're all human at the end of the day.
Now stop and think about what that $41 million could do in this world. This is nothing more than a bunch of rich kids circle jerking one another in what's a disgusting take on business principles in general. $41 million could create several businesses that could further create more jobs for the US economy; $41 million could be fucking used to help Japan out of a bind.
Instead, it's being used to buy a domain name for $350,000. It's being used to build another mobile application that isn't even that technically impressive. It's sickening, and I would never consider working for a company like that. As an engineer, I'd very much question those who'd consider it.
Get the fuck over yourselves.