Given the events over the past weekend, has your views on how SV is run on the business side changed?
Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
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Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#2Not sure if “changed”, but I feel like a lot of what happened was nit really warranted and more of a self-fulfilling prophecy unfortunately. Just stay calm and keep on creating real value.
Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#3Ben Thompson has a great take on this: https://stratechery.com/2023/the-death-of-silicon-valley-ban...
He makes the case that one factor of many in the success of SV was people played iterated games with the same people, which effectively built trust. Now the companies and stakes are so huge that it can be worth it to break that trust sometimes because the benefits of a single win (billions of dollars) can dwarf the downsides.
It’s an insight that makes sense to me and something I wouldn’t have considered otherwise.
Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#4Nope! But I’ve been around for a little bit. Welcome to the other side of the mirror, folks.
Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#5Ben Thompson has a great take on this: https://stratechery.com/2023/the-death-of-silicon-valley-ban... He makes the case that one factor of many in the success of SV was people played iterated games with the same people, which effectively built trust. Now the companies and stakes are so huge that it can be worth it to break that trust sometimes because the benefits of a single win (billions of dollars) can dwarf the…
Sadly enough, this makes a lot of sense to me and seems to be exactly what's happening.
Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#6Like the titans of Atlas Shrugged, they showed how willing they were to burn it all down for everyone else in order to win.
Well played.
Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#7No
Imho it'll take very slowly for it, as the impacts are really distributed across the entire country: accelerated its inflation and hyperinflation
Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#8Pre-SVB: Silicon Valley is full of self-interested organizations and people building things that, at times, result in wider societal benefit.
Post-SVB: Same.
Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#9Pre-SVB: Silicon Valley is full of self-interested organizations and people building things that, at times, result in wider societal benefit. Post-SVB: Same.
The world is full of self-interested organizations and people building things that, at times, result in wider societal benefit.
Re: Ask HN: Has your view of Silicon Valley changed in the last 72 hours?
#10Anyone who knows a thing or two about history would know that boom and bust is baked into SVs DNA. People were asking the same questions 20 years ago when the dot-com bubble went bust.