The silicon valley Startup Kool-aid has a false dichotomy: You're either patio11[1], a "nobody" building a "lifestyle business" or you're making the next Instagram. Consequently we have a cargo cult mentality that has evolved. Lets compare these two: Location: "Obviously you need to be in Silicon Valley. This is where all the wannabe startup hipsters move to!" I mean, you can't go to a coffeeshop without hearing a ha…
I don't think I'm too far off the mark in saying a lot of this is just a big circle jerk. Money is just changing hands between VCs, they get paid no matter what, and the founders get to work harder than any person should just for the ego boost that comes with calling yourself a startup founder even when you walk away with nothing.