Earlier quoted context omitted.
I'm always a bit surprised how few people realized how many "nice things" from the last decade plus have been heavily subsidized by VC money (which itself was created from low interest rates). Every cool startup that people loved started by burning cash. This made Uber cheap, DoorDash cheap, Youtube helpful and creative, Facebook about connecting with classmates, Twitter a free public forum, Reddit a playground for f…
What's frustrating about all this is the resources wasted on growing businesses that were fundamentally unsustainable. I think a tougher economic climate would have been better for innovation long-term.
I am convinced that the overuse of cloud computing has largely been a byproduct of the money firehose of excessive funding. If money was tighter, massively overpaying for compute and bandwidth should be less attractive.
As someone who is deeply interested about performance, efficiency and scalability, I'm hoping there is a partial industry reversal to caring about these things again.