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The Silicon Valley Founder Meat Grinder

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91–100 of 168 posts

Re: The Silicon Valley Founder Meat Grinder

#91

Real bummer of a story. > He approached me because he was really into startups and wanted to become a tech entrepreneur, and make the big bucks It's a shame that so much of tech culture has become about money. Money was always a part of it, but living in the Bay in 2010, there was more of a focus on building things. But once people started getting rich, especially off bitcoin, it brought in a whole host of people who…

> Money was always a part of it, but living in the Bay in 2010, there was more of a focus on building things. But once people started getting rich, especially off bitcoin, it brought in a whole host of people whose primary passion seemed to be money. This is funny to read because I remember hearing someone complain about the exact same thing in the Bay Area, but their dates were shifted by about 10 years before yours…

I think the focus on building things is the wrong framing - that seems to be still there. But this AI wave is centered around automation, which has a different flavor to the previous cycles (1970-2010), which very much felt much more positive sum and less hyper capitalistic.

Re: The Silicon Valley Founder Meat Grinder

#92
post #9
post #7

Earlier quoted context omitted.

I see the "we work 12 hrs a day 6 days a week" as a euphemism for "we take amphetamines".

Whenever you hear someone say they work 80- (or 100!) hour weeks, you should understand what they mean is they had a few crunch weeks once.

ibb folks definitely work this much every week. big law too. medicine, sometimes.

Re: The Silicon Valley Founder Meat Grinder

#93

Real bummer of a story. > He approached me because he was really into startups and wanted to become a tech entrepreneur, and make the big bucks It's a shame that so much of tech culture has become about money. Money was always a part of it, but living in the Bay in 2010, there was more of a focus on building things. But once people started getting rich, especially off bitcoin, it brought in a whole host of people who…

> Money was always a part of it, but living in the Bay in 2010, there was more of a focus on building things. But once people started getting rich, especially off bitcoin, it brought in a whole host of people whose primary passion seemed to be money. This is funny to read because I remember hearing someone complain about the exact same thing in the Bay Area, but their dates were shifted by about 10 years before yours…

I think there was a time when people who generally went for MBAs started going into CS and other majors angling to get into a tech company. There was also a coincidental proliferation of tech “bootcamps.” I think that’s when things tilted away from technology as a way to improve things to a vehicle to greater riches.

Re: The Silicon Valley Founder Meat Grinder

#94

Founder culture definitely has fraternity vibes - people with no other discernable talent other than being above average looking and having connections with other similar people end up in positions they have no real idea how to do. In other words, there are a lot of people "playing startup" in the valley - some of the VC money flows too easily and there is always going to be an ecosystem of people to try to put it to…

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Re: The Silicon Valley Founder Meat Grinder

#96

Founder culture definitely has fraternity vibes - people with no other discernable talent other than being above average looking and having connections with other similar people end up in positions they have no real idea how to do. In other words, there are a lot of people "playing startup" in the valley - some of the VC money flows too easily and there is always going to be an ecosystem of people to try to put it to…

Most people start businesses for tax reasons, and to mitigate financial risks.

People dumping discounted equity to hyper-scale on debt is not a business, but just another IPO over-valuation scheme. =3

Re: The Silicon Valley Founder Meat Grinder

#97

Founder culture definitely has fraternity vibes - people with no other discernable talent other than being above average looking and having connections with other similar people end up in positions they have no real idea how to do. In other words, there are a lot of people "playing startup" in the valley - some of the VC money flows too easily and there is always going to be an ecosystem of people to try to put it to…

[flagged]

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Re: The Silicon Valley Founder Meat Grinder

#98

Real bummer of a story. > He approached me because he was really into startups and wanted to become a tech entrepreneur, and make the big bucks It's a shame that so much of tech culture has become about money. Money was always a part of it, but living in the Bay in 2010, there was more of a focus on building things. But once people started getting rich, especially off bitcoin, it brought in a whole host of people who…

[deleted]

Re: The Silicon Valley Founder Meat Grinder

#99

Fwiw, without naming names, I helped someone at a hackathon make their first app on something he was passionate about, later found out he had been recently homeless living on an abandoned boat, and now years later, afaict he turned that into a $10m/yr business with ~millions of users Persistence > Intelligence , and being able to code isn't some sort of superiority thing, it's just one skill of many Edit: being able…

true :)

Re: The Silicon Valley Founder Meat Grinder

#100

Reminds me of this 2015 article "Beware The Pretty People" http://techcrunch.com/2015/02/28/beware-the-pretty-people/ > The establishment scions pouring into tech take on the trappings of subversion, while remaining fundamentally conformist. Meanwhile, rampant success inevitably causes the former tech counterculture to morph into posturing “Prada revolutionaries,” Unfortunately the article ends on praising crypto and…

Even better who you know, then you can become wealthy and get away with almost anything, as Epstein realized when he said there are out lots of hard working people who never become rich.
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