That is fine by me. What benefit have we gotten from these Unicorn other than enriching the founders and lenders. I have seen no real benefit from Silicon Valley for decades. Seems at this point, Silicon Valley is acting kind of like a Ponzi Scheme.
The Unicorn Boom Is Over, and Startups Are Getting Desperate
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Re: The Unicorn Boom Is Over, and Startups Are Getting Desperate
#12Maybe because the products suck and there are very few business models for software? I'm gonna focus on the software product segment, and my evaluation might be flawed, but I think that software is an inherent race to the bottom for three important reasons: 1) Dependence on proprietary software is at best a short-term support boon, and in the majority of cases a crippling liability when the vendor changes support ter…
Re: The Unicorn Boom Is Over, and Startups Are Getting Desperate
#13Maybe because the products suck and there are very few business models for software? I'm gonna focus on the software product segment, and my evaluation might be flawed, but I think that software is an inherent race to the bottom for three important reasons: 1) Dependence on proprietary software is at best a short-term support boon, and in the majority of cases a crippling liability when the vendor changes support ter…
Re: The Unicorn Boom Is Over, and Startups Are Getting Desperate
#14Re: The Unicorn Boom Is Over, and Startups Are Getting Desperate
#15Maybe because the products suck and there are very few business models for software? I'm gonna focus on the software product segment, and my evaluation might be flawed, but I think that software is an inherent race to the bottom for three important reasons: 1) Dependence on proprietary software is at best a short-term support boon, and in the majority of cases a crippling liability when the vendor changes support ter…
There is plenty of opportunity in boring, unsexy niches. We have enough CRMs and Jira clones though.
Re: The Unicorn Boom Is Over, and Startups Are Getting Desperate
#16That is fine by me. What benefit have we gotten from these Unicorn other than enriching the founders and lenders. I have seen no real benefit from Silicon Valley for decades. Seems at this point, Silicon Valley is acting kind of like a Ponzi Scheme.
Do you think that LLMs are not a benefit? Smartphones? Electric cars?
Re: The Unicorn Boom Is Over, and Startups Are Getting Desperate
#17That is fine by me. What benefit have we gotten from these Unicorn other than enriching the founders and lenders. I have seen no real benefit from Silicon Valley for decades. Seems at this point, Silicon Valley is acting kind of like a Ponzi Scheme.
Do you think that LLMs are not a benefit? Smartphones? Electric cars?
LLMs and electric cars simply have zero impact on my life, and I imagine that other people would have had few issues coming up with the latter.
Re: The Unicorn Boom Is Over, and Startups Are Getting Desperate
#18Earlier quoted context omitted.
Do you think that LLMs are not a benefit? Smartphones? Electric cars?
Those did not emerge from these unicorns, except maybe OpenAI. (Tesla was already public prior to this. Smartphones didn't come from a VC-backed startup.)
This isn't entirely correct: both Palm and Apple (the creators of the smart phone) were originally venture-backed.